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FIEO FOR THE MONTH OF JULY 2012

12/7/2012

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FIEONEWS FOR THE MONTH OF JULY 2012 HAS BEEN PUBLISHED AND IS AVAILABLE AT THE FOLLOWING LINKE AT FIEO WEBSITE:
 http://www.fieo.org/view_section.php?lang=0&id=0,63,942

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Press Releases
Press Releases
Domestic Events
  Direct Selling Dollars to Oil Companies & Issuance of Attractive Bonds May Stem Volatilty : M.Rafeeque Ahmed,President FIEO
  Time to act fast and decisively: M.Rafeeque Ahmed, President, FIEO
  FIEO Chief demanded stability in exchange rate not only for economy but also for exports as impact of rupee depreciation on exports is only marginal .
  FIEO EXPECTS MORE PROCEDURAL SIMPLIFICATIONS IN FTP
  FIEO Chief’s appeal for levelling export field
  India not insulated from global development , tough times lies ahead: M Rafeeque Ahmed, President, FIEO
  Commerce Minister delivered better than what we all expected: M. Rafeeque Ahmed, President, FIEO
  FIEO NEWS FOR THE MONTH OF JUNE 2012
  Payment problem with Iran to be resolved shortly, notification for withholding tax on the anvil: M. Rafeeque Ahmed, President, FIEO
  Global factors and deceleration in manufacturing contributed to exports decline: M. Rafeeque Ahmed, President, FIEO
  Exporters hail Selection of Mr Pranab Mukherjee for the post of President of India
  Increase in refinance would provide necessary liquidity to MSME Export sector but further cut in interest rates may be an effective option to boost sagging exports: M. Rafeeque Ahmed, President, FIEO
  Announcements to put stalled projects on track: FIEO Chief
  FIEO COMPLEMENTS SBI FOR SLASHING INTEREST RATE BY 0.50 % ON EXPORT CREDIT
  A Monitoring Committee maybe put in place by MoF so that MSME export units can avail optimal benefit of directive: M.Rafeeque Ahmed,President, FIEO
  Exemption from Service Tax on Currency conversion to facilitate exports and remittances: M. Rafeeque Ahmed, President, FIEO
  Intellectual Property to boost Export Businesses
  FIEO FOR THE MONTH OF JULY 2012
  FIEO organizes an Interactive Session on Export Credit with Mr D K Mittal, Secretary, Banking & Financial Services
  FIEO FOR THE MONTH OF JULY 2012
  IIP numbers points to better exports prospects in next few months. ESDM initiative to boost electronics exports: M.Rafeeque Ahmed,President,FIEO
  GIVE SOME TIME TO FTP INITIATIVES TO BEAR RESULTS : M RAFEEQUE AHMED, PRESIDENT, FIEO
  FIEO’s Interactive Session on Export Credit with Mr D K Mittal, Secretary, Banking & Financial Services
  FIEO congratulates Pranab Da on his election as President
  RBI to initiate cut in interest rate to give fillip to manufacturing and exports: M. Rafeeque Ahmed, President, FIEO
  
  FIEO expresses concern at status quo hitting at investments suggests expeditious commissioning of Committee on transparency in lending rates keeping in view sensitive demand hit international market: M. Rafeeque Ahmed,President FIEO
  Relaxation in EEFC and Forward Contract are pragmatic steps aim to benefit Exports Sector: M. Rafeeque Ahmed, President,
  GIVE SOME TIME TO FTP INITIATIVES TO BEAR RESULTS : M RAFEEQUE AHMED, PRESIDENT, FIEO
  DGFT inaugurates Diploma in Foreign Trade initiated by FIEO & BIMTECH
  24X7 Customs Operation a great help to Exporters: FIEO
  Restriction on EPCG scheme may be counterproductive and hit at textile, machine tools and construction sectors adversely: FIEO Chief
  FIEONEWS FOR THE MONTH OF AUGUST 2012
  Aggressive marketing and an Export Development Fund is need of the hour: M. Rafeeque Ahmed, President, FIEO
  Put infra projects on fast track with a Monitoring Committee for timely completion and cost overrun: M. Rafeeque Ahmed, President, FIEO
  Reverse charge mechanism under new service tax dispensation needs clarification
  Aggressive marketing and an Export Development Fund is need of the hour: M. Rafeeque Ahmed, President, FIEO
  FIEO Expects Trade with CIS Countries to touch USD 30 Billion by 2020
  CABOTAGE LAW RELAXATION TO AUGMENT TRAFFIC AT VALLARPADAM TERMINAL BENEFITTING INDIA’S EXIM TRADE: M. RAFEEQUE AHMED, PRESIDENT, FIEO
  E-Payment for duty payment a step towards seamless transaction but firm date for EDI implementation is need of the hour: M.Rafeeque Ahmed,President,FIEO
  FIEO compliments both government of India and Pakistan for adopting to new visa regime
  FIEO Urges the Government to Bring Down the Cost of Credit to Push IIP Numbers
  FIEONEWS FOR THE MONTH OF SEPTEMBER 2012
  FIEO Urges the Government to Bring Down the Cost of Credit to boost Exports
  FIEO welcomes Sweeping Reforms done by the Government
  Status quo on policy rates as anticipated but drawback on FO/Diesel to to offset increasing costs of production and rationalization of interest rates necessary for survival/sustainance of industry: M. Rafeeque Ahmed, President, FIEO
  Freight hike will impact cost of doing business, hit by slowing demand in Western Markets: President, FIEO
  Freight hike will impact cost of doing business, hit by slowing demand in Western Markets: President, FIEO
  High volatility in exchange rate to affect flow of export orders: M. Rafeeque Ahmed, President, FIEO
  Key to sustain exports would be focus on emerging and developing economies said President of India
  Reduction in Interest Rate can be stimulus to export growth: FIEO Chief
  IIP data encouraging although capital goods growth /investment revival a cause of concern; a cut in policy rates may trigger growth prospects says FIEO Chief
  FIEONEWS FOR THE MONTH OF OCTOBER 2012
  Target US$100 Billion Exports to China by 2018: M.Rafeeque Ahmed, President,FIEO
  FIEO compliments MoCA for new ground handling policy aimed at cutting costs for the aviation sector: M. Rafeeque Ahmed, President, FIEO
  Anticipated lull in policy rates: Stagnant export credit at Rs 40.11lakh crores ending March 2012 and slump of 4.9% in export credit since global melt-down causes for grave concern
  Anticipated lull in policy rates: Stagnant export credit at Rs 40.11lakh crores ending March 2012 and slump of 4.9% in export credit since global melt-down causes for grave concern
  Implementation Issues adding to difficult market conditions impacting exports: M.Rafeeque Ahmed,President,FIEO
  Core data encouraging holds promise for IIP to be released in mid-November 2012: FIEO President
  FIEO’s meeting with MP government yields sound dividends including export tax waiver to MSME’s
  FIEO welcomes re-election of Mr Barack Obama as President of United States of America
  Special Rupee Payment arrangements for exports to Iran - A step to boost India’s exports to Iran
  BRAZIL: Immense Potential for Trade & Investment
  Arrest in decline in exports is positive sign and points to recovery: M. Rafeeque Ahmed, President,FIEO
  FIEONEWS FOR THE MONTH OF OCTOBER 2012
  FIEONEWS FOR THE MONTH OF NOVEMBER 2012
  A consumption-driven, import-fed model can deliver high growth rates only with commensurate drivers of investment and exports : M Rafeeque Ahmed, President, FIEO
  FIEO welcomes RBI move to extend repatriation period – M Rafeeque Ahmed, President, FIEO
  FIEO to Launch Digital Marketing Awareness Program for Exporters
  FIEO Welcomes support for Multi Brand FDI in Retail : M Rafeeque Ahmed, President, FIEO
  Fiscal supports to add to competitiveness of exports in contracting global demands :M Rafeeque Ahmed, President, FIEO
  MSME export sector anticipates a moderation in policy rates on 18th December, as inflation ebbs to a new low of 7.24 % (WPI)
  RBI's ' wait and watch ' stance may impact MSME export sector further given the frail/waning demand in the western economies: M Rafeeque Ahmed, President, FIEO
  Press Interaction with President, FIEO - held on December 14, 2012 at New Delhi
  India Expo 2012 Inaugurated in Karachi; Aims at further enhancing bilateral trade between both the countries; Need to provide better infrastructure to facilitate trade says M Rafeeque Ahmed, President, FIEO
  Indian exports can reach US$ 400 billion by 2013-14 – M Rafeeque Ahmed, President, FIEO
  GUJARAT TO CONTRIBUTE OVER ONE THIRD OF COUNTRY’S EXPORTS BY 2020 – M RAFEEQUE AHMED, PRESIDENT, FIEO
  Value added and branded products to fillip country's export: Mr Narendra Modi, Chief Minister, Gujarat
  Reaching export figure of even last fiscal seems to be ambitious in 2012-13 : M. Rafeeque Ahmed, President,FIEO
  Reaching export figure of even last fiscal seems to be ambitious in 2012-13 : M. Rafeeque Ahmed, President,FIEO
  FIEONEWS FOR THE MONTH OF JANUARY 2013
  Stark differential of almost 100% between WPI and CPI/food inflation points to ‘serious disconnect ‘ across value and distribution chain ;re-visiting of related Acts and a reduction in repo rates warranted in the forthcoming review on 29th January 2013
  FIEO’s Pre-Budget Proposals for the Government
  Special Swap finance facility would provide more credit but pricing of swap needs to be competitive : M. Rafeeque Ahmed, President, FIEO
  Special Swap finance facility would provide more credit but pricing of swap needs to be competitive : M. Rafeeque Ahmed, President, FIEO
  FIEO Chief deliberates on possibilities of credit policy review tomorrow; need for effective dollar-rupee swap facility
  Cross border value addition strategy to bridge CAD : M.Rafeeque Ahmed,President,FIEO
  Growth in output for 8 core sectors saw a meagre improvement to 2.6% in Dec, 2012; ameliorative measures needed for both Core Sector and IIP growth says FIEO President, M Rafeeque Ahmed
  Trade Portal to assist in trade expansion and an asset for new exporters: M Rafeeque Ahmed, President, FIEO
  FIEONEWS FOR THE MONTH OF FEBRUARY 2013
  Focus on high technology sector to boost exports and reduce imports : M Rafeeque Ahmed, President, FIEO
  Moderation in inflation calls for reduction in Policy Rates: M. Rafeeque Ahmed, President, FIEO
  FIEO’s Wish list for the Union Budget 2013-14
  Innovation is key to success: Dr Anoop Pujari DGFT
  Inopportune time for introduction of fuel adjustment component linked freight: M.Rafeeque Ahmed, President FIEO
  Increase allocation of credit to exports, earmarking 50% of Credit to MSME and rationalization of banking charges to impart competitiveness to exports: M.Rafeeque Ahmed, President, FIEO
  Export Sector to be indirectly benefitted by sector specific and infrastructure initiatives but hope hinges on Foreign Trade Policy : M. Rafeeque Ahmed, President, FIEO
  IMPARTING COMPETITIVENESS AND AGGRESSIVE MARKETING TO HELP EXPORTS TO BACK ON TRACK : M RAFEEQUE AHMED, PRESIDENT, FIEO
  FIEO Projects exports to touch US$ 400 billion in 2013-14
  FIEO Projects exports to touch US$ 400 billion in 2013-14
  
  FIEO NEWS FOR THE MONTH OF MARCH 2013
  Repo rate cut may address immediate liquidity crunch of Banks; Structural issues to be addressed to put GDP on growth trajectory required : M. Rafeeque Ahmed, President, FIEO
  Points for Discussion in Board of Trade Meeting Put forward by M Rafeeque Ahmed, President, FIEO
  Improvement in Schemes while maintaining the stability of the Policy to add to competitiveness: M Rafeeque Ahmed, President, FIEO
  Improvement in Schemes while maintaining the stability of the Policy to add to competitiveness: M Rafeeque Ahmed, President, FIEO
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  Development of Costal Shipping is vital for controlling Inflation and providing a low cost alternative to movement of cargo: M Rafeeque Ahmed, President, FIEO
  Improving Core Sector Data/Moderation in commodity prices call for monetary easing with inclusion of export credit in priority sector: M Rafeeque Ahmed, President, FIEO
  Cut in Repo Rate on expected line but competitiveness of exports only sustainable way to manage CAD: M Rafeeque Ahmed, President, FIEO
  Capital Goods growth augur well for sustained exports: M.Rafeeque Ahmed, President,FIEO
  FIEO NEWS FOR THE MONTH OF MAY 2013
  Focus on emerging economies to result in double digit growth shortly: M.Rafeeque Ahmed, President, FIEO
  Moderation in inflation calls for policy rate cuts to propel exports and manufacturing : M. Rafeeque Ahmed, President, FIEO
  Inflation indexed bonds may curtail widening trade deficit; trading patterns of IIB would guide monetary policy regarding markets perception of future inflation: FIEO Chief
  Inflation indexed bonds may curtail widening trade deficit; trading patterns of IIB would guide monetary policy regarding markets perception of future inflation: FIEO Chief