look news india
New Delhi: Ahead of the Union Budget 2025-26, exporters have asked the Finance Ministry to pay Rs. A demand was made to approve a marketing plan worth Rs 750 crore. This could create an additional export opportunity of approximately $25 billion for the US in the next 3 years.
According to the Federation of Indian Export Organizations, the US has hinted at imposing higher tariffs on China, which will provide significant opportunities to Indian exporters. India can increase its exports in areas where China mainly exported. Such sectors include electronics and electrical equipment, footwear, textiles and apparel, furniture and home decor, auto parts, toys and chemicals.
Consumer electronics like mobile phones, televisions, electrical appliances, components could benefit the most and the sector could generate additional exports of $10 billion.
The apex body of exporters said that for this we will have to increase our presence in America. This includes attending a large number of exhibitions, organizing buyer and seller meetings and joining large local associations of retailers. 250 crore annual capital infusion (total Rs 750 crore) is required along with a US-centric marketing plan to achieve additional exports of $25 billion by the end of 3 years.
Keeping in mind that research and development and innovative products are essential to sustain exports, the organizations have requested the government to provide tax exemption on research and development expenditure. These include interest equalization facility till December 31, scheme for additional funds for marketing and trade promotion of some export goods, income tax relief for MSME manufacturing units and other schemes.
