The technical textile segment in India has in recent years shown robust growth, both internationally and in the domestic market, and the market is likely to double in the next five years, said Rachna Shah, Secretary, Ministry of Textiles. “Within India, the market size is around USD 22 billion, and the goal of the government […]
As far as sweets are concerned, every town in Karnataka has its own specialities. But among them, Mysore Pak, which was invented in the royal kitchen of Mysore kings, has carved a niche for itself in the inernational market while highlighting the rich culinary heritage of India. Recently, Mysore Pak was ranked 14th among the […]
The Indian coffee scene is changing and how. As per the statistics of the Coffee Board of India, the bold Robusta has taken over the humble Arabica in terms of domestic demand. According to the data for 2022, while Robusta took over 60 per cent of the market with a sale of 1,200,000 tonnes for […]
The Indian government rejects BYD’s USD 1 billion manufacturing plant proposal in India due to security concerns, reported a media house. The Chinese automaker had intended to produce electric vehicles (EVs) and electric batteries in India in collaboration with an Indian EV company, Megha Engineering and Infrastructure. Security concerns regarding Chinese investments in India were […]
India’s overall oilmeal exports rose 19 per cent on a yearly basis during the first quarter of the financial year 2023-2024 to 1.21 million tonne, according to the Solvent Extractors’ Association of India (SEA) data. In June, exports were, however, 35 per cent lower. In the same quarter of 2022, the total oilmeal exports were […]
A higher import duty on capital goods may hinder India’s potential as a global manufacturing hub and hence it should reconsider the import duty to enhance its participation in the global value chain and accelerate the success of its Make in India program, MVIRDC World Trade Center Mumbai said in a report. The report suggested […]
A report by MVIRDC World Trade Center Mumbai has revealed that India meets hardly 1.4 per cent of G-20 import demand, which leaves huge scope to cater to this market. G-20 is one of the most integrated trade bloc as 80 per cent of its imports are sourced from among the member countries. Yet, large […]
Pizza Hut, a quick service restaurant (QSR) chain which had increased its store count to 820 in the last year in India, will continue its “aggressive expansion spree” with a significant commitment to expand its presence in emerging smaller markets, the news agency PTI reported. According to the report, the company is focusing on ‘Gen […]
Wholesale inflation in India based on the Wholesale Price Index continued to stay in the negative zone for the third straight month in June, besides hitting a fresh multi-year low. The June wholesale inflation came in at (-) 4.12 per cent against (-) 3.48 per cent in May, as against minus 0.79 the previous month […]
The central government has amended the gold import policy and imposed restrictions on certain jewellery and articles. Through a notification on Wednesday, the Directorate General of Foreign Trade (DGFT) amended the import policy for unstudded jewellery, and other articles made of gold to the “restricted” category from earlier “free”. Putting a commodity in the “restricted” […]
