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 […]
Ecommerce drives economic surge with regulatory adaptation and regional cooperation India is targeting USD 2 trillion in exports by 2030, equally divided into merchandise and services, said Union Commerce Minister Piyush Goyal in January. Fuelled by ecommerce and its role in driving economic development and expanding trade, the Asia–Pacific (APAC) region is projected to surge […]
The president of the Federation of Indian Export Organisation (FIEO), Ashwani Kumar, has projected that the nation’s merchandise exports will likely hit USD 450 billion by the end of this financial year, despite facing geopolitical hurdles such as the Red Sea crisis. He emphasised the urgency of tackling challenges arising from the Red Sea crisis […]
India’s smartphone exports to the US surged to $3.53 billion in the April-December period of the current fiscal year, a significant increase from $998 million during the same period last year, as per data from the commerce ministry. This boost in outbound shipments has propelled India’s smartphone market share to 7.76 per cent in April-December […]
India has had a robust 12 per cent annualised growth in merchandise exports, amounting to USD 41.4 billion in February, despite facing global headwinds. This growth has narrowed the contraction in the first 11 months of 2023-24 by 3.6 per cent, reaching USD 395 billion. Services exports for February were estimated at USD 32.15 billion, […]
Union Minister of Railways Ashwini Vaishnaw stated that Integral Coach Factory (ICF), Chennai will now develop standard gauge Vande Bharat trains, only for export purposes. Minister Vaishnaw was speaking on the occasion of the inaugural ceremony of Qualcomm’s Chennai Design Center. The centre was inaugurated by the minister Vaishnaw. Standard gauge rakes are used in […]
