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TIES will help reduce exporters transaction cost: FIEO
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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.
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