FIEO targets key sectors to enhance exports to the US, leveraging shifting trade dynamics post-Trump’s tariff threats.
The Federation of Indian Export Organisations (FIEO) is devising a targeted strategy for five critical sectors—electronics, toys, apparel, chemicals, and leather—to boost exports to the United States. This initiative comes as President-elect Donald Trump signals plans to impose steep tariffs on Chinese goods, creating potential opportunities for Indian exporters.
FIEO Vice-President Israr Ahmed emphasized a proactive approach, citing the need for financial assistance to promote Indian exports. “We need US-specific Market Access Initiative (MAI) funding and a three-year plan to strengthen our presence,” he said, calling for increased participation in US exhibitions.
The US, India’s largest trade partner, accounted for nearly $120 billion in bilateral trade during FY 2023-24, with a surplus of $35.3 billion favoring India. However, exporters face challenges, including liquidity issues and reduced export financing. FIEO has urged the government to extend the interest equalisation scheme by five years and relax payment terms for MSMEs to address these hurdles.
Ahmed reiterated that these measures could position India to capitalise on evolving trade dynamics, driving sustained growth in the US market.
