Centre Reopens Application Window For PLI Scheme For White Goods
The window will remain open from 15 September 2025 to 14 October 2025, Centre notes in an official notification
Electronics
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Fashion & Lifestyle
National
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Icra Forecasts 8-9% Growth For India’s Apparel Exports In FY25
- by BW Retail World Bureau
- April 4, 2024
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 […]
Electronics
Export
Manufacturing
National
News
Phone Production Jumps 2100%, Exports Surge To Rs 1.2 Lakh Cr In India
- by BW Retail World Bureau
- March 11, 2024
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 […]
Export
National
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India’s January 2024 Exports Grow, Imports Rise Slightly
- by BW Retail World Bureau
- February 17, 2024
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 […]
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Liberty Shoes Net Profit Down 63% In Q3, Revenue Up Slightly
- by BW Retail World Bureau
- February 15, 2024
Footwear retailer Liberty Shoes has reported a dip of 62.9 per cent in net profit at Rs 1.85 crore in the unaudited results of the third quarter ended 31 December the current fiscal 2022-23 as compared to the net profit of Rs 4.99 crore in the same period of the previous fiscal 2021-22, according to […]
Brands
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Electronics
Manufacturing
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Lava International Subsidiary Approved For IT Hardware Manufacturing PLI Scheme
- by BW Retail World Bureau
- January 26, 2024
Lava International’s subsidiary SOJO Manufacturing Services (AP) has recently been approved for IT hardware manufacturing under the Centre’s production-linked incentive (PLI) scheme. The PLI will allow SOJO to manufacture consumer electronic durables such as smartphones, feature phones, accessories, tablets, laptops and other IT hardware for Lava International and other Indian and global brands. In a […]
Electronics
Government
National
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Govt Should Keep Phone Parts Import Duties, Says GTRI
- by BW Retail World Bureau
- January 23, 2024
The government should not reduce import charges on electronic components used in smartphone manufacture in the next Budget since the present tariff system has proven successful and altering it might affect local manufacturing, according to a GTRI report released on Monday. The Global Trade Research Initiative (GTRI) stated that keeping existing rates will assist in […]
Export
National
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Indian Shoe Market Aims To Triple By 2030
- by BW Retail World Bureau
- January 8, 2024
The Indian footwear industry has the potential to experience significant growth, expanding from its current valuation of USD 26 billion to reach USD 90 billion by 2030, according to a report by the Global Trade Research Initiative (GTRI). To achieve this, the report outlines several measures, including banning shoe imports, offering fiscal incentives, establishing more […]
Export
National
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India’s Exports Inch Up In November, Trade Deficit Narrows As Imports Fall
- by BW Retail World Bureau
- December 16, 2023
India’s overall exports, merchandise and services combined, in November are estimated to be USD 62.58 billion, exhibiting a marginal positive growth of 1.23 per cent yearly, official data released on Friday showed. The overall exports during November 2022 were worth USD 61.82 billion. Major contributors to export growth in November 2023, though marginal, include iron […]
Companies
Electronics
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Apple Warns EU’s Charger Rule Will Hit India’s Local Production
- by BW Retail World Bureau
- December 6, 2023
Tech major Apple has stated that if India is planning to follow the European Union (EU) rule that requires smartphones to have universal USB-C charging ports, then the country’s local production will be impacted adversely, as per a Reuters recent report. The EU rule mandates all smartphones to have universal charging ports in India by […]