SME Times is powered by   
Search News
Just in:   • No Monday Blues: Sensex up over 1,200 points  • Petrol prices rise Re 1.60 in one week post Aramco attack   • SBI to adopt RBI's repo rate as external benchmark  • Airtel-Bharti AXA Life tie up for insurance with prepaid plan  • No plans to revise fiscal deficit target, cut spending: FM 
Last updated: 02 Nov, 2017  

Exports.9.Thmb.jpg FIEO signs MoU to explore LAC, Caribbean export opportunities

   Top Stories
» Export key to become $5-tn economy: Niti official
» Corp tax cut to push investment flow to exports: FIEO
» Industry hails govt's Rs 1.45L cr stimulus
» Corp tax cut raises fiscal risks, warns Moody's
» Modi govt unrolls Rs 1.45 lakh cr tax bonanza
SME Times News Bureau | 02 Nov, 2017
Indian exporters' body Federation of Indian Export Organization (FIEO) has signed MoUs with three trade bodies from LAC and Caribbean countries, seeking export opportunities in these countries.

Briefing media, FIE President Ganesh Kumar Gupta said that the business delegation of FIEO, led by the Honble Commerce and Industry Minister Suresh Prabhu, had wide ranging discussions with their counterpart companies in Cuba and Panama to open vistas of opportunities not only in the two nations but in the entire LAC and Caribbean countries.

"To supplement these initiative FIEO signed MoUs with Cuba Chamber of Commerce; George Town Chamber of Commerce, Guyana and Barbados Chamber of Commerce," he added.

Prabhu, speaking on the occasion said, "It is old saying that marriages (which is a contract) are made in heaven, I would say marriages are made in Havana, which is also heaven."

It can be seen from the MoUs signed by FIEO opening new areas of cooperation between India and Caribbean countries, the minister added.

FIEO DG & CEO Ajay Sahai said that India's exports to Cuba and Panama are on decline from last two years and India's share both in Cuba's and Panama's imports is 0.6 percent only.

India needs to re-look at its exports profile so as to diversify it with import profile of these nations and possibly of the LAC.
Print the Page Add to Favorite
Share this on :

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

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 23 Sep, 2019
  Daily Poll
Is the Union Budget 2019 MSME-friendly?
 Can't say
  Commented Stories
» Modi govt unrolls Rs 1.45 lakh cr tax bonanza(1)
» L&T secures Rs.3.44 billion project from Power Grid(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter