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New govt will work to bring back manufacturing on track to sustain exports & economy: FIEO

Updated: May 31, 2019 11:11:01am
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New Delhi, May 31 (KNN) Congratulating the new Union Finance Minister Nirmala Sitharaman and the new Union Commerce and Industry Minister Piyush Goyal along with other Union Council of Ministers, President of Federation of Indian Export Organization (FIEO), Ganesh Kumar Gupta said “The new Government will have to bring back manufacturing on track to sustain exports and economy.”

He said Prime Minister Modi's leadership has energized the overall trade and industry further assuring the continuity of reforms, stability and stronger economic growth towards a more resurgent, powerful and new India.

The exporting fraternity looks forward to his continuous guidance and support encompassing economic growth, sustainable & inclusive development for all based on robust fundamentals, he added.

FIEO Chief also said that the new Government has to further address infrastructure bottlenecks to impart competitiveness to exports.

Gupta stated “Modi and his government were instrumental during their earlier tenure in bringing some of the biggest reforms in the country including the implementation of GST, Demonetisation, Improvement in Investment Climate and Ease of Doing Business besides various key achievements including the fastest growing economy and country's merchandise exports registering an all-time high of USD 331 billion with total exports surpassing half trillion dollar mark.”

He reiterated that in order to further give a boost to the economy, the Government has asked the ministries to prepare a list of issues that they will take up in the first 100 days in office, with a focus on efficiency, delivery systems, implementation and resolving of all pending issues urgently.

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