Aggressive Marketing to Boost Exports

The Federation of Indian Export Organisations (FIEO) has requested the government to launch an extensive marketing campaign to scale exports and push traders in the right direction. The association believes small business exporters need more resources and require robust support to market their products globally. Additionally, a recent Parliamentary Panel report mentioned India couldn't capitalize much on the China Plus One strategy and that Southeast Asian economies like Thailand, Vietnam, Malaysia, and Cambodia have beaten India in that regard.

ECONOMY

Govt support needed in undertaking overseas marketing initiatives to boost exports: FIEO

Apex exporters body FIEO has urged the government to support domestic exporters in undertaking overseas marketing initiatives with a view to boost outbound shipments. Federation of Indian Export Organisations (FIEO) President A Sakthivel said that Indian exporters lack in marketing and small exporters "hardly" have resources to market aggressively overseas.

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GLOBAL TRADE

Is India Failing To Leverage China Plus One Strategy?

In a major blow to Prime Minister Narendra Modi-led central government, a parliamentary panel on commerce, in its report in March 2023, stated that India has not been able to establish a positive impression among businesses that moved away from China.

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MSMES

Vivad se Vishwas scheme: June 30 deadline for MSMEs to submit claims

The Vivad se Vishwas scheme for MSMEs launched by the Finance Ministry, which commenced on April 17, has a June 30 deadline for accepting claim submissions, the government said.

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BILATERAL TRADE

Trading in Indian rupees will strengthen ties between India and South Africa, says CII-IBF (SA) President

Trading in Indian rupees rather than the dollar or euro as has been traditionally done for decades is likely to encourage trade and promote economic growth and development between India and South Africa, a prominent business leader has said.

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WORLD ECONOMY

China's exports seen rising in April but at slower pace, outlook challenging - Reuters poll

China's exports were expected to have risen again in April, albeit at a less robust pace than a month earlier, a Reuters poll showed, supported by unfulfilled orders after last year's COVID disruptions though slowing global growth is darkening the outlook.

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