FIEO to work with Kerala govt to double its exports

Federation of Indian Exports Organisations (FIEO) intends to work closely with the Kerala government to double the State’s share of exports to over six per cent in the next five years. Kerala’s exports during 2018-19 was $8.1 billion, which is 2.4 per cent of India’s exports.

 

We need to see how we can double this figure. The agri sector is going to be the biggest contributor to exports, said Israr Ahmed, Regional Chairman-Southern Region, FIEO.

 

In an interaction with BusinessLine here on Thursday, he requested the State government to look into the possibilities of augmenting exports of agro products such as cashew, spices, rubber, marine products and tea, which are not under the sanctioned list, to China and Iran.

 

Direct exports

According to him, direct exports from Kerala to Iran is negligible even though cashew, spices, pharma equipments have good potential. Ahmed said several products exported to GCC from Kerala find their way to Iran. If proper attention is given, this can be channelised and exporters can derive better benefits.

 

Asked on the challenges for exports to Iran amidst US sanctions, he said Iran is an opportunity for India, as the bilateral trade was $13.8 billion in 2017-18. However, the actual trade will be in the range of $20-25 billion, which is conducted indirectly due to sanctions. We believe this can go up to $30 billion, if there is a barter mechanism for direct trade, he said.

 

However, there are issues pertaining to payments, shipments, exchange of documents and insurance that will have to be addressed, he added.