The Core Report

In this edition of The Core Report, Financial Journalist Govind Ethiraj caught up with Dr Ajay Sahai, Director General & CEO of the Federation of Indian Export Organisations (FIEO). In this episode, they discuss plausible reasons behind India’s falling exports, key performing sectors, and how geopolitical tensions in the Middle East, sparked by the Israel-Hamas conflict, are likely to affect exports in India. The biggest constraint to growth and scale, Sahai reveals, lies in Finance. He calls the emergence of Fintech companies in the last few years, a good thing. 

Dr Sahai is the Director General & CEO of the Federation of Indian Export Organisations (FIEO), jointly set up by the Ministry of Commerce, Government of India, and private trade and industry in the year 1965, promoting India’s exports. FIEO, an ISO 9001: 2015 certified organization, comprising of management including Chairmen of all Export Promotion Councils, Export Development Authorities/Commodity Boards, and representatives of Government recognized status holders, is the apex export promotion organization in the country with direct membership of above 35,000 exporters from all over the country contributing to about 70% of India’s total exports. During his tenure as DG & CEO, FIEO, the membership of the organization increased from 7,200 to about 35,000 in the last sixteen years.

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