As the number of outbound shipments from India reduced in the last four months, the Union commerce ministry has called a meeting of exporters on Monday to take stock of the situation. According to reports, exporters are expected to raise concerns about things like providing more support for participation in international exhibitions and fairs, moving […]
Chief Minister Yogi Adityanath flagged off containers filled with GI-tagged (Geographical Indication tag) Banarasi Langda mangoes, green chillies and other vegetables from the Integrated Pack House for export on Monday. Adityanath said the farmers of Uttar Pradesh contribute 20 per cent of foodgrains produced in the entire country. “India is rich in fertile land as […]
The government on Friday simplified and liberalized the policy for the export of drones and Unmanned Aerial Vehicles (UAV) meant for civilian end uses from India, the Ministry of Commerce and Industry said on Friday. The ministry, in its official release, said that the drones capable of a range equal to or less than 25 […]
India’s overall exports, both merchandise and services combined, in May 2023 are estimated to be USD 60.29 billion, registering a decline of about 6 per cent from May 2022, official data revealed on Thursday. Overall imports in May 2023 are estimated to be USD 70.64 Billion, down 7.45 per cent from May 2022. India’s overall […]
India’s seafood exports, both in terms of volume and value, achieved an all-time high in 2022-23. It shipped 1.7 million tonnes of seafood worth Rs 63,969.14 crore (USD 8.09 billion) during the financial year, growing 26.73 per cent in quantity terms and 4.31 per cent in value terms over 2021-22. According to a press statement […]
Recent data indicates that the United States imports fewer Chinese goods as Western companies shift their supply chains away from China, a media report said. Chinese products, which comprise the largest share of low-cost Asian imports in the US, are expected to drop below 50 per cent for the first time in over 10 years, […]
The government has notified new testing parameters for cough syrups to be exported from India and said these will require the production of a Certificate of Analysis (CoA) from specified laboratories. The changes in the export of syrups will be effective from June 1. “Cough Syrup shall be permitted to be exported subject to the […]
Minister of Textiles Piyush Goyal on Sunday said Mega Integrated Textile Region and Apparel (MITRA) Park in Madhya Pradesh could see an investment of about Rs 6,850 crore. Speaking at the MITRA park launch, Goyal said other parts of the state may receive investment of Rs 8,675 crore. Earlier, it was announced that the MITRA […]
India’s overall exports in the just concluded financial year 2022-2023 were worth USD 775.87 billion, a growth of over 14 per cent and almost USD 100 billion more than last year’s figures, official data released by commerce ministry showed on Monday. In 2021-22, the overall exports were at USD 676.53 billion. In 2022-23, India’s merchandise […]
Cisco, a global technology leader, announced it will start manufacturing in India, a major step in the expansion of its footprint in the country. It aims to drive more than USD 1 billion in combined domestic production and exports in the coming years. Cisco said it is a part of the company’s strategy to create […]
