SC Ralhan, President, Federation of Indian Export Organizations (FIEO), has welcomed the launch of Trade Infrastructure for Export Scheme (TIES) by Indian Government, and believes that it will help reduce Exporters Transaction Cost.
Ralhan said that the Indian exporters face huge challenges in terms of infrastructure, particularly in states. Trade infrastructure is one of the critical elements in export trade to enhance efficiency and competitiveness in global market. He also mentioned that inadequate infrastructure pushes exporters transaction cost, impacting competitiveness of Indian goods in the global market. The logistics cost in India is one of the highest in the world, he added.
FIEO Chief further stated that the new scheme will also help create modern infrastructure like last mile connectivity to ports, besides testing labs and certification centres. It will help in modernizing infrastructure in states for exporters besides addressing various other challenges and export bottlenecks.
India’s Commerce and Industry Minister Nirmala Sitharaman recently launched the Trade Infrastructure for Export Scheme, which is focused on addressing the needs of the exporters.