FIEO suggests export development fund to FM

Exporters’ body FIEO on Saturday suggested a host of steps such as bringing in a double tax deduction scheme and setting up of an export development fund to the Finance Ministry with a view to boosting outbound shipments.
The other recommendations include extending tax deduction on product development, providing deemed export status to Indian industry under the global bidding of procurement, ECGC coverage to banks for export finance, and a higher budget allocation to the Department of Commerce.
The Federation of Indian Export Organisations represents the Indian entrepreneurs spirit of enterprise in the global market.
Known popularly as “FIEO”, this apex body of Indian export promotion organizations was set up jointly by the Ministry of Commerce, Government of India and private trade and industry in the year 1965.
FIEO is thus a partner of the Government of India in promoting India’s exports

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