SME Times is powered by   
Search News
Just in:   • Markets close with marginal gains despite weak global cues  • Pay Rs 275 cr by Dec 31, SC tells Jaypee  • Workshop on new National Policy on Biofuels held  • 'Honor 8 Lite' 64GB variant now available at Rs 15,999  • Centre considers hallmarking 24 carat gold jewellery 
Last updated: 17 Mar, 2017  

FIEO-logoTHMB TIES will help reduce exporters transaction cost: FIEO

Export.9.jpg
   Top Stories
» Modi expresses concern over large number of grievances of consumers
» Cabinet approves constituting 15th Finance Commission
» Panel set up to draft new Income Tax Act
» Ordinance for changes to Bankruptcy Code soon
» Garment exporters losing competitiveness by 9 pc: AEPC
SME Times News Bureau | 17 Mar, 2017
Apex exporters body, Federation of Indian Export Organizations (FIEO) has welcomed launch of Trade Infrastructure for Export Scheme (TIES) by Honble Commerce and Industry Minister Nirmala Sitharaman.

Welcoming the initiative as also announced in the Budget, S C Ralhan, President - FIEO, said that the Indian exporters face huge challenges in terms of infrastructure, particularly in states. Trade infrastructure is one of the critical elements in export trade to enhance efficiency and competitiveness in global market.

Ralhan mentioned that inadequate infrastructure pushes exporters transaction cost, impacting competitiveness of Indian goods in the global market.

The logistics cost in India is one of the highest in the world, he added.

FIEO Chief stated that the new scheme 'TIES', will help create modern infrastructure like last mile connectivity to ports, besides testing labs and certification centers.

The Scheme will help in moderninising infrastructure in states for exporters besides addressing various other challenges and export bottlenecks, he added.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 24 Nov, 2017
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(12)
» Moody's upgrade: Thumbs up to reforms(5)
» Entrepreneurship is a lonely path for women(2)
» 'Exporters can now manually file claims for GST refunds'(1)
» SC asks Unitech to deposit Rs 750 cr by December end(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter