Strong performance in textile and apparel exports bolsters India’s overall trade growth in May 2024 India’s textile exports witnessed a significant growth of 9.59 per cent in May this year compared to the same month in the previous year, overcoming unfavourable economic conditions in major markets such as the European Union (EU), the US and […]
The workshop focuses on upskilling manufacturers to boost quality, innovation and global competitiveness Flipkart, in collaboration with the Department for Promotion of Industry and Internal Trade (DPIIT), organised a workshop aimed at enhancing India’s capabilities in the global toy supply chain. The workshop focused on upskilling and reskilling domestic manufacturers to produce innovative and high-quality […]
Despite a decline in exports of many agricultural commodities, the export of soybean meal has revived while that of rapeseed meal has seen a remarkable growth in the last three years. Oilmeals are the residue left over after the extraction of oil from oilseeds and it is widely utilized as livestock feed globally. India exported […]
Gems and jewellery exports experienced a notable decline of 12.17 per cent during the fiscal year 2023-24, amounting to Rs 2,65,187.95 crore (USD 32,022.08 million), according to data from the Gem and Jewellery Export Promotion Council (GJEPC). This decrease is attributed to several factors, including high interest rates in the US and a sluggish recovery […]
The commerce ministry is anticipated to request a five-year extension for the Interest Equalisation Scheme for exporters, rather than a short-term extension when the current period expires on 30 June. According to a senior official, the scheme has been particularly beneficial during periods of high interest rates. Under the interest equalisation scheme, exporters receive an […]
Coffee exports from India saw a notable increase of 13.35 per cent to 1,25,631 tonnes during the January-March period of this year, attributed to heightened demand for Robusta coffee, as revealed by official data. This surge contrasts with the export figure of 1,10,830 tonnes during the same period in 2023. India, recognized as Asia’s third-largest […]
The rating agency Icra has said that India’s apparel exports are likely to grow by 8 to 9 per cent in the financial year (FY) 2025, benefitting from the low base and with replenishment of stock in the United States (US) and the European Union (EU) regions. Following the tepid demand environment in FY24, Icra […]
Exporters in India are intensifying their calls for an exemption from the recently implemented 45-day payment rule for goods purchased from micro and small enterprises (MSEs), citing potential adverse effects on their operations. In a collective appeal addressed to Prime Minister Narendra Modi, leaders of prominent export promotion councils and the Federation of Indian Export […]
Despite global trade uncertainties, India’s exports are charting a new course, bilateral agreements, free trade agreements (FTA) and venturing into uncharted territories like Africa, Latin America, and Central Asia have led to all-time high exports of USD. With these new initiatives, India has seen a surprising surge in exports of precious metals, minerals, automobiles, electronics, […]
Indian rice exporters have been issued notices by the customs department demanding payment of duty differentials on rice shipments made over the past 18 months, the news agency Reuters reported citing sources. This unusual tax demand has the potential to severely impact rice exports from India, it said. India, the world’s largest rice exporter, implemented […]
