Mobile phone manufacturing in India has experienced a remarkable 21-fold increase in value, reaching Rs 4.1 lakh crore over the past decade, according to a statement from the India Cellular and Electronics Association (ICEA). This surge is attributed to government policies such as the Production Linked Incentive (PLI) scheme, which attracted global players and enhanced […]
India’s diamond industry faces a big setback as the country’s cut and polished diamond (CPD) exports are projected to decrease by 25-30 per cent in the current fiscal year. A report from Care Ratings highlighted that this decline is expected to lead to a multi-year low in export earnings, with estimates ranging between USD 15-16 […]
India will have to leverage its sizable home market to become more competitive and scale up production to enjoy the benefits of scale economies Promoting the micro, small and medium enterprises (MSMEs), enhancing skills to build future workforce and larger exports, focussing on high-end manufacturing, taking digital India to the next level and promoting cleaner […]
The Central government has allowed the export of 50,000-tonne onions to Bangladesh and 14,400-tonne onions to UAE, at a time when the staple vegetable’s outward shipments have been kept under restrictions. For exports to the UAE, a ceiling of 3,600 tonnes is kept every quarter, the official notification from the Directorate General of Foreign Trade […]
The latest data from the commerce department revealed that China’s total shipments of personal computers and laptops to India stood at 89.4 per cent in December, which when compared to the period from April to December was found to be at 76.4 per cent in FY 2024. December spelled a different story for China’s imports […]
India witnessed a 1.17 per cent decline in tea exports, totalling 207.14 million kilogram (kg) during the January-November period of 2023, as reported by official data. This figure marks a decrease from the 209.60 million kg exported during the same period in the previous year. According to Tea Board data, North India, primarily comprising Assam […]
India’s overall exports, merchandise and services combined, in January are estimated to be USD 69.72 billion, exhibiting a positive growth of 8.49 per cent on a yearly basis, official data released on Thursday showed. The overall exports during January 2023 were worth USD 63.80 billion. Overall imports during the first months of 2023 increased to […]
India’s electronics industry witnessed a big surge in exports during the fiscal year 2022-23, as reported by the Electronics and Computer Software Export Promotion Council (ESC). The sector experienced a growth rate of over 50.25 per cent compared to the previous year, culminating in exports totaling USD 23.58 billion. This surge in exports was attributed […]
While the share of micro, small and medium enterprises (MSMEs) in the manufacturing sector has remained fairly constant, their contribution to overall exports has declined despite the recovery in FY22, according to a joint report by U GRO Capital and Dun and Bradstreet (D&B). While talking about the lending ecosystem, the ‘MSME Sampark Bi-annual report […]
The Union Cabinet has given the green light for the extension of the Scheme for Rebate of State and Central Taxes and Levies (RoSCTL) for the export of apparel/garments and made-ups. The approval comes to foster a stable policy regime, crucial for the long-term planning of trade, particularly in the textile sector where advance orders […]
