FIEO honours top foreign exchange earners
Updated: Dec 02, 2014 12:44:26pm
New Delhi, Dec 2 (KNN) Federation of Indian Export Organisations (FIEO) has honoured companies from various sectors, including those from the MSME segment for their export performance and contribution to the country's economy.
President of India, Pranab Mukherjee presented the Niryat Shree and Niryat Bandhu Awards instituted by FIEO for outstanding performance in exports for the year 2010-11 and 2011-12 here yesterday.
Speaking on the occasion, the President said that the award winners’ achievements would inspire other exporters also to contribute more vigorously to the economic development of our country by augmenting their export efforts.
Reiterating that exports play a very important role in economic growth, he said that in today’s fiercely competitive world, exporters’ ability to tap new markets, and consolidate their presence in existing markets, is directly dependent on the value proposition they offer to overseas buyers. They must, therefore, ensure that their products are not only reasonably priced but that they also score highly in terms of quality, robustness and durability.
It is essential that all of them internalize the mantras of quality consciousness, professionalism in service delivery and complete transparency and fairness in dealings with their trading and business partners, Mukherjee added.
The President said that India has done reasonably well in all parameters of socio-economic activity over the last decade. All across, we see a genuine recognition of present day, “emerging India” embarking onto a new era and making its mark on the world stage. We are today the third largest economy in the world in terms of purchasing power parity with our economy growing at an average rate of 7.6 per cent per year from 2004-05 to 2013-14.
He also said that the international trade to GDP ratio, which was less than 15 per cent in 1991-92, is now close to 42 per cent. Our export sector has done well. From US Dollar 17.9 billion in 1991-92, the value of exports has increased to US Dollar 312.6 billion in 2013-14. The compound average growth rate of our exports during 1991-92 to 2001-02 was 9.4 per cent. This has increased to 17.8 per cent during the period 2001-02 to 2013-14.
Several MSME units received awards at the function. In Agriculture and Plantation Sector (MSME) winners were: Bola Surendra Kamath and Sons, Karnataka (gold); Mahalsa Exports, Karnataka (silver); Goel International Private Limited, Karnal (bronze).
In the Chemicals, drugs, pharma and allied sectors (MSME), the winners were Gandhar Oil Refinery Indian Limited, Mumbai (gold); Emrald Resilient Tyre Manufacturers Pvt Ltd, Chennai (silver); Srinivasa Hair Industries, Andhra Pradesh (bronze).
As far as the Engineering and Electronics sector (MSME) is concerned, the winners were Gravita India Limited, Jaipur (gold); Jyoti Steel Industries, Mumbai (silver); GECO Trading Corporation, Mumbai (bronze).
In the Leather Sector (MSME), the winners were Gupta H Overseas Pvt Ltd, Agra (gold); Choudhary International Pvt Ltd, Mumbai (silver); Supreme Overseas Exports India Pvt Ltd, Bangalore (bronze).
Winners from the residual sector not covered anywhere (MSME) were Mukka Sea Food Industries Pvt Ltd, Mangalore (gold); Indian Hair Industries Pvt Ltd, Andhra Pradesh (silver); Savi International, Jalandhar (bronze).
As far as the textile sector is concerned which included RMG, made-ups, yarn, handicrafts and carpets (MSME), the winners were Surya Carpet Pvt Ltd, Bhadohi (gold); CI Gupta Exports Ltd, JP Nagar, Delhi (silver); AI Enterprises Pvt Ltd, Chennai (bronze). (KNN/ES)
President of India, Pranab Mukherjee presented the Niryat Shree and Niryat Bandhu Awards instituted by FIEO for outstanding performance in exports for the year 2010-11 and 2011-12 here yesterday.
Speaking on the occasion, the President said that the award winners’ achievements would inspire other exporters also to contribute more vigorously to the economic development of our country by augmenting their export efforts.
Reiterating that exports play a very important role in economic growth, he said that in today’s fiercely competitive world, exporters’ ability to tap new markets, and consolidate their presence in existing markets, is directly dependent on the value proposition they offer to overseas buyers. They must, therefore, ensure that their products are not only reasonably priced but that they also score highly in terms of quality, robustness and durability.
It is essential that all of them internalize the mantras of quality consciousness, professionalism in service delivery and complete transparency and fairness in dealings with their trading and business partners, Mukherjee added.
The President said that India has done reasonably well in all parameters of socio-economic activity over the last decade. All across, we see a genuine recognition of present day, “emerging India” embarking onto a new era and making its mark on the world stage. We are today the third largest economy in the world in terms of purchasing power parity with our economy growing at an average rate of 7.6 per cent per year from 2004-05 to 2013-14.
He also said that the international trade to GDP ratio, which was less than 15 per cent in 1991-92, is now close to 42 per cent. Our export sector has done well. From US Dollar 17.9 billion in 1991-92, the value of exports has increased to US Dollar 312.6 billion in 2013-14. The compound average growth rate of our exports during 1991-92 to 2001-02 was 9.4 per cent. This has increased to 17.8 per cent during the period 2001-02 to 2013-14.
Several MSME units received awards at the function. In Agriculture and Plantation Sector (MSME) winners were: Bola Surendra Kamath and Sons, Karnataka (gold); Mahalsa Exports, Karnataka (silver); Goel International Private Limited, Karnal (bronze).
In the Chemicals, drugs, pharma and allied sectors (MSME), the winners were Gandhar Oil Refinery Indian Limited, Mumbai (gold); Emrald Resilient Tyre Manufacturers Pvt Ltd, Chennai (silver); Srinivasa Hair Industries, Andhra Pradesh (bronze).
As far as the Engineering and Electronics sector (MSME) is concerned, the winners were Gravita India Limited, Jaipur (gold); Jyoti Steel Industries, Mumbai (silver); GECO Trading Corporation, Mumbai (bronze).
In the Leather Sector (MSME), the winners were Gupta H Overseas Pvt Ltd, Agra (gold); Choudhary International Pvt Ltd, Mumbai (silver); Supreme Overseas Exports India Pvt Ltd, Bangalore (bronze).
Winners from the residual sector not covered anywhere (MSME) were Mukka Sea Food Industries Pvt Ltd, Mangalore (gold); Indian Hair Industries Pvt Ltd, Andhra Pradesh (silver); Savi International, Jalandhar (bronze).
As far as the textile sector is concerned which included RMG, made-ups, yarn, handicrafts and carpets (MSME), the winners were Surya Carpet Pvt Ltd, Bhadohi (gold); CI Gupta Exports Ltd, JP Nagar, Delhi (silver); AI Enterprises Pvt Ltd, Chennai (bronze). (KNN/ES)
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