Finance Minister Nirmala Sitharaman assures exporters of full support amid US tariff shock

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Ralhan, along with FIEO vice-president Ravikant Kapur, director general & CEO Ajay Sahai, Farida Group director Israr Ahmed, and EEPC chairman Pankaj Chadha, briefed Sitharaman on the immediate concerns of exporters, including loss of competitiveness, market access hurdles and the risk to employment generation.

The FIEO president said the minister’s reassurance had boosted confidence among exporters. “Her commitment that the government will stand shoulder-to-shoulder with exporters demonstrates the priority being accorded to safeguarding India’s trade interests and employment,” Ralhan said.

FIEO said it will work closely with the government to diversify export markets and strengthen India’s position in global trade, even as exporters brace for the impact of the 50% tariff on Indian goods imposed by the US earlier this week.

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