US tariff threatened Indian exports, Fieo expressed their concerns

The Federation of the Indian Export Organization (FIO) expressed concern about US high rates on Indian goods. As a result of this fee, textile manufacturers in Tirupur Noida and Surat stopped production, which would affect India’s 55% exports. FIO chairman SC Ralhan requested the government to provide immediately assistance to exporters. Digital Desk, New -Delhi. The Federation of Indian Export Organization (FIO), the leading organization of exporters, on Tuesday expressed serious concerns about high US rates on Indian goods. The organization said textiles and dressmakers in Tirupur, Noida and Surat stopped production due to increasing competition from high fees. Fio -President SC Ralhan declared a high tariff and said it could seriously affect India’s exports to the US. Remove ad, just read the news, how much export will be affected. He said this tariff would affect about 55 percent to the US from India, which is nearly $ 47-48 billion. He said that the exports of India to America have now remained only 30-35 percent competitive compared to China, Vietnam, Cambodia, Philippines and other Asia countries. He insisted on providing assistance from the government of the government immediately. Interest subvention plans and export credit support are prominent to maintain working capital and liquidity. The Ralhan also called on the principal and the payment of interest for a period of one year. Which countries may have compromised. In addition, the incentive associated with the production (PLI) schemes asked to expand and increase infrastructure. He also called on the European Union, Oman, Chile, Peru, Africa and other Latin American countries to hold a business agreement soon. Employment will affect the global trade research incentive (GTRI) that this decision of America could affect a large number of employment. In the past financial year 2024-25, India has exported $ 86 billion to the US. GTRI estimates that it can cause a drop of total exports by up to 43 percent. At the same time, there is a possibility that a drop of up to 70 percent in the execution sector exports. (With the input of the news agency pti)