Exporters' association FIEO has said that Madhya Pradesh has potential to double its share in country's exports in next 5 years.

FIEO president Ganesh Kumar Gupta, President, FIEO along with DG & CEO and Regional Chairman (WR) met Mr Kamal Nath, Chief Minister of Madhya Pradesh to discuss about exports potential of the State and attract exports centric FDI in pharma, auto components, machineries, textiles, processed agriculture products etc.

FIEO offered its assistance to help the State to increase its share from about 1.6% in India's exports to over 3% in next 5 years.

Looking into the possibilities of augmenting exports to China and Iran of soyabean and soyameal, non basmati rice, pharmaceuticals, technical textiles, FIEO Chief urged the Chief Minister to lead a business delegation to China and Iran, which have huge demand for such products. 

Gupta also emphasised the need for identification of more products under GI and marketing of such products through exclusive shops in the departure area of international airports to start with Mumbai and Delhi.

FIEO also requested for inland freight subsidy for all products as the cost of carrying cargo from MP to JNPT, in many cases works out to be more than overseas freight.

The Chief Minister asked FIEO to work more closely with the State to help it to exponentially increase its exports. 

Kamal Nath also assured that he will pro-actively look into the issue of freight subsidy and GI products exclusive show rooms at international airports in India.

Published On : 04-04-2019

Source : Sme Times