Strategic Surge: India's Export Agenda to Exploit US-China Trade Tensions
The Federation of Indian Export Organisations (FIEO) has crafted a strategy to enhance India's exports to the US, capitalizing on potential openings as Donald Trump threatens tariffs on Chinese imports. Aimed at sectors like apparel and electronics, FIEO advocates government-backed financial assistance for Indian exporters to gain American market presence.
- Country:
- India
The Federation of Indian Export Organisations (FIEO) has developed a tactical plan to increase India's export footprint in the US marketplace. This initiative arises amidst anticipated tariffs on Chinese goods under US President-elect Donald Trump's administration.
Urging governmental financial support, FIEO Vice President Israr Ahmed stressed the importance of Indian exporters participating in American trade exhibitions. The focus sectors include apparel, electronics, toys, footwear, and organic chemicals, all identified as pivotal for driving export growth.
Ahmed pointed out pressing challenges such as liquidity and declining export finance. FIEO appeals for policy alterations, including payment relaxation for MSMEs and extension of interest equalisation schemes, to bolster the export strategy amid fluctuating international trade dynamics.
(With inputs from agencies.)