Mr Ganesh Kumar Gupta, Chairman, Akaash Textiles Pvt. Ltd. and Vijay Silk House Group, Mumbai took over as the new President of the Federation of Indian Export Organisations (FIEO) with effect from April 1, 2017 for a period of two years. Mr Gupta has worked for the overall growth, development and exports of the Textile Industry for over 4 decades. He has also earlier held the post of President, Vice President, Regional Chairman (WR), FIEO; Chairman, Textile Committee; Chairman, SRTEPC and Silk Export Promotion Council; Director, ECGC and Member, National Productivity Council.
The new FIEO President expects the merchandise exports to be around USD 315 billion in FY 2017-18. The Federation expects to end the fiscal 2016-17 with an export of about USD 270-275 billion as against USD 262 billion in the previous year, with a growth of around 3-4% for the year in the merchandise sector. Mr Gupta also feels that a greater emphasis needs to be given to exports in the new GST regime with liquidity being the key challenge for the exporters.