Mr. M. Venkaiah Naidu, Vice President of India, has expressed the hope that with the Government focus on creating state-of-the-art sea ports, airports and super highways to connect different manufacturing centres to ports with the best supporting ecosystem, exports should pick up faster and maintain a steady growth in the coming years. The Government’s special efforts will certainly help the Indian economy grow further. The ‘Make in India’ initiative to support the manufacturing sector would contribute to a higher share for India in the growing global trade. At the same time, exporters, on their part, should focus on new markets and new products, especially sunrise products, like electric, electronics and telecommunications, apart from agro, processed food and labour intensive products.
Addressing the Federation of Indian Export Organisations (FIEO), Southern Region – Export Excellence Awards held in Chennai, Mr. Naidu highlighted the potential of the southern region to contribute a larger share in the national export kitty. In 2016-17, the region contributed $61.05 billion worth of goods which accounted for 22.2% of India’s exports.
While appreciating the efforts of FIEO in promoting India’s exports, he said that various issues raised by FIEO enabled the Government to take several proactive steps towards increasing the overall export volume. He assured the exporters that the Government will sort out all the outstanding issues related to the GST refund.
The Vice President gave away 61 FIEO Awards to different categories of exporters who excelled in their performance during 2015-16 and 2016-17.
Mr. Banwarilal Purohit, Tamil Nadu Governor, who was the guest of honour on the function, highlighted the importance of promoting exports for the overall development of the country, and stressed the need for more proactive steps to be taken by the State Governments for promoting exports.
Mr. Ganesh Kumar Gupta, FIEO President, in his address, congratulated the award winners for their exceptional achievements even though the overall market condition remains tough. While appreciating that the overall exports from the country in the first 9 months of the current financial year crossed $224 billion, he expressed his confidence that India will achieve a level of $300 billion of goods export and $170 billion services in the current financial year. FIEO is currently working closely with the State Governments of Tamil Nadu, Kerala, Karnataka, Andhra and Telangana to identify potential products of export and devise a special strategy for the global market. He urged the State GST authorities to ensure that the refund due is given as early as possible to the exporters who are facing a serious liquidity problem.
Dr. A. Sakthivel, Regional Chairman, FIEO, in his welcome address, highlighted the potential of the southern region, and said that with Tamil Nadu as a leader with a share of 13.5%, Karnataka 7.02%, Kerala 3.3%, Andhra Pradesh and Telangana together 4.5%, the region remains very vibrant in international trade.
While complimenting the State Government, Dr. Sakthivel said that with the support of State Governments and various proactive steps taken by the Central Government for encouring exporters, the region can achieve a 30% share in India’s international trade by 2020 as against the current 23%.
Proposing a vote of thanks, Mr. Ajay Sahai, Director General & CEO, said that FIEO has already taken steps to reach across Tier-2 and Tier-3 cities to help exporters.