Don’t miss the latest developments in business and finance.

Investments on infrastructure to cut logistics costs: FIEO

FIEO said Trade Related Infrastructure Scheme would require sufficient funding to make an impact

Image via shutterstock.com
Image via shutterstock.com
Press Trust of India New Delhi
Last Updated : Feb 01 2017 | 4:08 PM IST
Exporters body FIEO on Wednesday  said investments announced in the Budget on infrastructure, including road, railways and aviation, would help in improving competitiveness and reduce the logistics costs of traders.

Federation of Indian Export Organisations (FIEO) also said that the Trade Related Infrastructure Scheme (TIES) would require sufficient funding to make an impact.

"The global challenges highlighted in the Union Budget requires us to be on our toes and revisit our strategy to push exports in such volatile global conditions," FIEO President S C Ralhan said in a statement.

However, he expressed disappointment as aggressive marketing strategy through an Export Development Fund did not see the light of the day.

More From This Section

First Published: Feb 01 2017 | 3:22 PM IST

Next Story