Category: News

Ties will help reduce Exporters’ Transaction Cost

Ties will help reduce Exporters’ Transaction Cost SC Ralhan, President, Federation of Indian Export Organizations (FIEO) has welcomed launch of Trade Infrastructure for Export Scheme (TIES) by Hon’ble Commerce and Industry Minister Nirmala Sitharaman. Welcoming the initiative as also announced in the Budget, 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. Ralhan mentioned that inadequate infrastructure pushes exporters transaction cost, impacting competitiveness of Indian goods in the global market. The logistics cost...

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Adopt measure for weavers’ welfare

K Chandrashekhar Rao, Chief Minister of Telangana, has instructed officials to adopt measures for the welfare and betterment of weavers in the state. The CM has directed them to formulate plans for the same as a majority of weavers from the handloom sector have either taken up different professions or ended their lives due to lack of support for the sector. Most of the handloom weavers are currently working as labourers in the powerloom industry, said Rao, who spoke at a review meeting held at Pragathi Bhavan. He said that the handloom sector is in a crisis and there...

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