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Dr. A.Sakthivel, Regional Chairman, FIEO Southern Region welcomes Midterm Review of Foreign Trade Policy announced by the government

While congratulating the Commerce Minister and his Team of Officials for bringing a path breaking Review of Foreign Trade Policy, Dr.A. Sakthivel, Regional Chairman, FIEO Southern Region said that in the context of picking up of global trade, the additional 2 per cent incentives provided in MIES /SFIS scheme will help  Indian exporters to become more competitive in the international market.  The focus on MSME and labour intensive sectors will help the “Make in India” added Dr.A.Sakthivel.

Dr.A.Sakthivel also commented on various initiatives in the FTP including new trust based self-rectification scheme for duty free imports, trade facilitating measures and also creation of new logistic division.  He urged the exporters to utilize these facilities for venturing into new markets.

FIEO Regional Chairman also urged all State Governments to come up with State Export Promotion Policy simultaneously so that the manufacturing activity can get further boost.

 

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