The Federation of Indian Export Organisations (FIEO) has urged the Central Government to restore export credit as a strategic priority and introduce measures to strengthen India’s export sector. During the Board of Trade meeting in New Delhi, the organisation said exporters are facing liquidity challenges due to a nearly 14 percent decline in export credit, particularly affecting MSMEs, and called for timely access to affordable financing at globally competitive interest rates.
FIEO also highlighted rising logistics costs caused by high ocean freight charges, shortages of containers and vessel space, and non-transparent fees imposed by shipping companies. It requested the government to work with relevant authorities to improve transparency in freight charges, enhance container availability, and establish a mechanism to monitor logistics issues and respond quickly during market disruptions.
The exporters’ body further recommended creating a dedicated green transition fund for exporters and expediting long-pending GST refunds for foreign tourists. FIEO said these measures would improve India’s global competitiveness, support exporters in meeting international market demands, and help the country move closer to its long-term goal of becoming a $2 trillion export economy.
