Budget Boost: Exporters Call for Strategic Changes

Exporters seek strategic measures in the upcoming Budget to enhance shipment competitiveness. Key suggestions include tax incentives, duty restructuring, and support for branding. Apex bodies emphasize the need for policy alignment to reduce input costs, enhance manufacturing, and tackle high freight challenges while advocating for fiscal incentives to mitigate tariff impacts.

Exporters are urging the government to introduce tax incentives and rationalize import duties in the forthcoming Budget to bolster shipment growth. They emphasize the need for policies that address inverted customs duty structures, proposing solutions to alleviate production and financial pressures.

The Federation of Indian Export Organisations (FIEO) highlights the disproportionate import duties on raw materials compared to finished products, affecting industries like textiles, electronics, and chemicals. Lowering these duties could reduce costs and enhance India's export competitiveness, according to FIEO President SC Ralhan.

Export sector stakeholders, including apparel and leather industries, have united in seeking fiscal incentives and structural reforms to combat international tariff shocks, supply chain disruptions, and rising shipping costs, aiming for long-term global trade resilience.

(With inputs from agencies.)