At a recently held meeting with Mr Kamal Nath, Chief Minister, Madhya Pradesh, Mr Ganesh Kumar Gupta, President, FIEO along with Mr Ajay Sahai DG & CEO, FIEO and Mr Khalid M Khan, Regional Chairman (WR) discussed 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.
Mr Gupta also emphasised the need for identification of more products under GI (Geographical Identification tag) and marketing of such products through exclusive shops in the departure area of international airports to start with Mumbai and Delhi. In addition, FIEO 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 MP Chief Minister assured that he would pro-actively look into the issue of freight subsidy and GI products exclusive show rooms at international airports in India.