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Prez presents Niryat Shree and Niryat Bandhu Awards to exporters
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SME Times News Bureau | 02 Dec, 2014
The President of India, Pranab Mukherjee has presented the Niryat Shree
and NiryatBandhu Awards instituted by the Federation of Indian Export
Organizations (FIEO) for outstanding performance in exports for the year
2010-11 and 2011-12 in New Delhi.
Speaking on the occasion, The President congratulated all the award
winners and said that he was sure their achievements would inspire other
exporters also to contribute more vigorously to the economic
development of our country by augmenting their export efforts.
The President said that exports have a very important role to play in
our economic growth. Exporters may, however, do well to remember that in
today's fiercely competitive world, their ability to tap new markets,
and consolidate their presence in existing markets, is directly
dependent on the value proposition they offer to overseas buyers.
"They
must, therefore, ensure that their products are not only reasonably
priced but that they also score highly in terms of quality, robustness
and durability. For this, it is essential that all of them internalize
the mantras of quality consciousness, professionalism in service
delivery and complete transparency and fairness in dealings with their
trading and business partners," he added.
The President said that India has done reasonably well in all parameters
of socio-economic activity over the last decade. "All across, we see a
genuine recognition of present day, "emerging India" embarking onto a
new era and making its mark on the world stage. We are today the third
largest economy in the world in terms of purchasing power parity with
our economy growing at an average rate of 7.6 percent per year from
2004-05 to 2013-14."
The international trade to GDP ratio, which was less
than 15 percent in 1991-92, is now close to 42 percent. Our export
sector has done well. From US Dollar 17.9 billion in 1991-92, the value
of exports has increased to US Dollar 312.6 billion in 2013-14. The
compound average growth rate of our exports during 1991-92 to 2001-02
was 9.4 percent. This has increased to 17.8 percent during the period
2001-02 to 2013-14.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
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64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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