FIEO seeking govt support to boost US exports amid threat of high tariffs on China
FIEO on Tuesday said it has formulated a strategy to boost India's exports to America, aiming to capitalise on potential opportunities that may arise as the US President-elect, Donald Trump, has threatened to impose high tariffs on Chinese goods. As part of its plan, the body has urged the government to provide financial assistance for Indian exporters to participate in exhibitions across the US, FIEO (Federation of Indian Export Organisations) Vice President Israr Ahmed told reporters here.
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«We have identified five key sectors in the strategy — apparel, electronics, toys, footwear, and organic chemicals — as areas of focus to drive growth in exports to the American market,» he said.
Ahmed emphasised the need for aggressive promotion and visibility in the US market, stating that increased financial support would enable Indian exporters to showcase their products effectively and tap into emerging opportunities created by the shifting trade dynamics.
«Capacities are being built as big factories are coming up in the country. We have to increase our presence in the US. We are asking for more fundings under the Market Access Initiatives (MAI) scheme to seize the opportunities. The scheme should focus on the US for at least three years,» he said.
He added that FIEO is also looking at joining hands with associations of the US in these
