The import of potatoes to India from Bhutan will continue without any import license for another year, Bhutan Live reported citing the notification by the Union Ministry of Commerce and Industry. A similar exemption has also been made for areca nut export. Earlier, the Indian government had given import exemption for potatoes from Bhutan for […]
The Tata Group is reportedly nearing an agreement to acquire Wistron’s factory in Karnataka, India, according to the news agency Bloomberg. This acquisition would mark the entry of India’s largest conglomerate into the assembly of iPhones, becoming the first local company to do so. The Wistron factory, valued at over USD 600 million, currently employs […]
Automaker Maruti Suzuki India has started exports of its newly-launched sports utility vehicle Fronx. In a release, the automaker on Thursday said the first batch, comprising 556 vehicles, was shipped from Mundra and Pipavav ports to destinations in Latin America, the Middle East, and Africa. “The newly launched Fronx is an important model in our […]
Procter & Gamble India will invest Rs 2000 crore to set up a new state-of-the-art personal healthcare manufacturing facility in Gujarat. The facility builds on top of P&G India’s existing manufacturing footprint of eight plants across the country and expands the existing presence in Gujarat. The new facility is situated across a 50,000 sqm area […]
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 […]
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 […]
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 […]
