{"id":128224,"date":"2021-08-24T16:55:52","date_gmt":"2021-08-24T11:25:52","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=128224"},"modified":"2021-08-26T12:09:15","modified_gmt":"2021-08-26T06:39:15","slug":"lower-costs-ink-ftas-to-push-exports-ceo-panel","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/lower-costs-ink-ftas-to-push-exports-ceo-panel\/","title":{"rendered":"Lower costs, ink FTAs to push exports: CEO panel"},"content":{"rendered":"<p><strong>Source<\/strong>: <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/lower-costs-ink-ftas-to-push-exports-ceo-panel\/articleshow\/85581641.cms\" target=\"_blank\" rel=\"noopener\">TOI<\/a><\/span><\/p>\n<h5><strong>What is the news?<\/strong><\/h5>\n<p>The Steering Committee for Advancing Local Value-Add and Exports (SCALE committee), comprising top Indian CEOs, has argued that India\u2019s proposed free trade agreements (FTAs) could help push exports of auto components and textiles.<\/p>\n<table style=\"width: 100%; border-collapse: collapse; background-color: #f7f2f2;\">\n<tbody>\n<tr>\n<td style=\"width: 100%;\"><strong>Must Read<\/strong>: <span style=\"color: #0000ff;\"><strong><a style=\"color: #0000ff;\" href=\"https:\/\/forumias.com\/blog\/free-trade-agreements-fta-challenges-opportunities-explained-pointwise\" target=\"_blank\" rel=\"noopener\">Free Trade Agreements (FTAs): Challenges &amp; opportunities \u2013 Explained, pointwise<\/a><\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h5><strong>Key suggestions<\/strong><\/h5>\n<p>The panel made the following key recommendations:<\/p>\n<ul>\n<li>India needs a sustained effort to reduce problems in the following areas for domestic companies:\n<ul>\n<li>Cost and ease of doing business<\/li>\n<li>Market access via trade treaties<\/li>\n<li>Technology and quality issue<\/li>\n<li>Supporting Brand India for manufacturing.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Addressing cost issues<\/strong>: The government needs to urgently address cost issues related to land, power and capital, apart from addressing scale, which lowers cost disabilities.<\/li>\n<li><strong>Making companies more competitive<\/strong>: Addressing concerns around infrastructure and logistics, labour flexibility and strengthening MSMEs could also help in lowering costs for companies and make them more competitive in global markets.<\/li>\n<li><strong>China plus one strategy<\/strong>: We need to push the \u201c<span style=\"color: #0000ff;\"><strong><a style=\"color: #0000ff;\" href=\"https:\/\/forumias.com\/blog\/china-plus-on-strategy\/\" target=\"_blank\" rel=\"noopener\">China plus one strategy<\/a><\/strong><\/span>\u201d to attract investment from multinationals, while positioning India as an export hub.<\/li>\n<li><strong>Biggest gains to auto components<\/strong>: With FTAs in place, the panel concluded that auto components could be the biggest gainer across markets, including the US, UK and the EU.<\/li>\n<li>Similarly, treaties with the UK, EU,\u00a0Asean,\u00a0South Asia and the US <strong>could benefit textiles<\/strong>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Source: TOI What is the news? The Steering Committee for Advancing Local Value-Add and Exports (SCALE committee), comprising top Indian CEOs, has argued that India\u2019s proposed free trade agreements (FTAs) could help push exports of auto components and textiles. Must Read: Free Trade Agreements (FTAs): Challenges &amp; opportunities \u2013 Explained, pointwise Key suggestions The panel&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/lower-costs-ink-ftas-to-push-exports-ceo-panel\/\">Continue reading <span class=\"screen-reader-text\">Lower costs, ink FTAs to push exports: CEO panel<\/span><\/a><\/p>\n","protected":false},"author":10328,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,9],"tags":[8743,9223,8744],"class_list":["post-128224","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-public","tag-bilateral","tag-free-trade-agreements","tag-regional-and-global-groupings-and-agreements","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":1700779356,"cached_date":1704950931},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/128224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10328"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=128224"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/128224\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=128224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=128224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=128224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}