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The Bharat Chamber of Commerce (BCC) wrote to RBI Governor Sanjay Malhotra, urging supportive banking measures for exporters reeling under disruptions in global logistics and shipping routes caused by ongoing tensions in West Asia. In a letter on Monday, it said West Asia serves not only as a key destination for Indian exports but also as a critical transhipment hub for shipments bound for Europe and Africa. "The ongoing situation has led to diversion of shipping routes, port congestion, higher freight and insurance costs, and extended transit periods, straining working capital cycles and liquidity positions of exporters," it said. The BCC urged RBI to encourage banks to adopt a supportive credit approach by enhancing working capital limits, providing ad-hoc credit facilities, and extending the tenure of pre-shipment and post-shipment export credit. Greater flexibility in rollover of packing credit and extension of due dates for export bills was also sought. It also requested ...
India exported 3.15 lakh tonne sugar during October-February in the current 2025-26 marketing year, with the UAE emerging as the top destination, the All India Sugar Trade Association (AISTA) said on Monday. Sugar exports remain under government control through quotas distributed proportionally among mills. The central government has approved total exports of 2 million tonne for 2025-26 marketing year (October-September), including an additional 5,00,000 tonne permitted recently. White sugar accounted for 2,57,971 tonne of total shipments, with refined sugar making up 53,664 tonne, AISTA said in a statement. The UAE received the largest volume at 79,683 tonne, followed by Afghanistan 71,813 tonne, Djibouti 45,801 tonne and Tanzania with 21,330 tonne. "India will be able to do physical shipments of more than 8,00,000 tonne, including to Asian and Gulf countries," AISTA Chairman Praful Vithalani said. India's sugar output for the 2025-26 season has been revised down 4.4 per cent to
The government on Friday announced seven measures, including credit assistance for e-commerce exporters and support for alternative trade instruments, with an aim to promote the country's outbound shipments. These measures are part of the Rs 25,060-crore export promotion mission. Out of 10 components of the mission, three have already been rolled out in January. To support exporters using digital channels, the commerce ministry announced credit facilities with interest subvention and partial credit guarantees. The Direct E-Commerce Credit Facility will provide support up to Rs 50 lakh with 90 per cent guarantee coverage. The Overseas Inventory Credit Facility will extend support up to Rs 5 crore with 75 per cent guarantee coverage, and an interest subvention of 2.75 per cent will be available, subject to an annual ceiling of Rs 15 lakh per applicant, the commerce ministry said. To promote export factoring as an affordable working capital solution for MSMEs, an interest subvention
India has exported 2,01,547 tonnes of sugar through February in the current 2025-26 marketing year, with the United Arab Emirates the top destination, the All India Sugar Trade Association (AISTA) said on Monday. Sugar exports remain under government control through quotas distributed proportionally among mills. The central government has approved total exports of 2 million tonnes for the 2025-26 marketing year (October-September), including an additional 500,000 tonnes permitted recently. White sugar accounted for 163,000 tonnes of total shipments, with refined sugar making up 37,638 tonnes, AISTA said in a statement. The UAE received the largest volume at 47,006 tonnes, followed by Afghanistan with 46,163 tonnes, Djibouti with 30,147 tonnes, and Bhutan with 20,017 tonnes. India's sugar production is estimated to rise 13 per cent to 29.6 million tonnes in the 2025-26 marketing year ending September, excluding diversion for ethanol, AISTA said in its first estimate for the marketin
The commerce ministry is likely to roll out eight components of the Rs 25,060-crore Export Promotion Mission, including e-commerce, factoring services and warehousing, a senior government official said. In November last year, two schemes were approved by the Union Cabinet with a combined outlay of over Rs 45,000 crore -- Export Promotion Mission (Rs 25,060 crore) and the Credit Guarantee Scheme (Rs 20,000 crore). The Export Promotion Mission (EPM) operates through two integrated sub-schemes -- Niryat Protsahan (Financial Enablers); and Niryat Disha (Non-Financial Enablers) that together address finance and non-financial enablers. The Niryat Protsahan focuses on improving access to affordable trade finance for MSME exporters through instruments such as interest subvention on pre- and post-shipment credit, export-factoring and deep-tier financing, credit cards for e-commerce exporters, collateral support for export credit and credit-enhancement for new or high-risk markets. On the ot
Domestic auto component manufacturers will face enhanced cost pressures with Mexico hiking duties on Indian imports, according to industry body ACMA. Auto parts exports to Mexico in FY25 stood at USD 834 million, and in the first half of the current fiscal, the shipments stood at USD 370 million. "Mexico's revised import duties on non-FTA partners, including India, could add cost pressures for our exporters," the Automotive Component Manufacturers Association of India (ACMA) Director General Vinnie Mehta told PTI. ACMA remains hopeful that ongoing bilateral dialogue between the two governments will ensure stability and continuity in the growing automotive trade, he added. India's auto component exports to Mexico largely comprise powertrain and driveline parts, precision forgings, chassis and brake systems, and key electrical and aftermarket products. There is a strong demand, especially for forgings and precision-machined components. Mexico's Senate approved the new tariff measure
India's marine sector exports rose by 16.18 per cent to USD 4.87 billion during April-October this fiscal mainly on account of healthy growth in non-US markets, including China, Vietnam, Russia, Canada and the UK, according to the commerce ministry data. The exports to the US have been impacted because of 50 per cent tariffs on Indian marine products. An official said that a noteworthy shift in trade patterns in the sector has been witnessed during the period. The United States, traditionally India's largest shrimp market, registered a 7.43 per cent decline in exports to USD 85.47 million. "However, this shortfall was more than compensated by a spectacular rise in shipments to China, Vietnam, Belgium, Japan, Russia, Canada and the UK," the official said. These gains reflect both a diversification in export destinations and a structural shift in global sourcing trends, as buyers in Asia and Europe increasingly turn toward Indian suppliers for consistent quality and competitive ...
The Board of Trade (BoT) is scheduled to meet on Tuesday, chaired by Commerce and Industry Minister Piyush Goyal, to discuss strategies to boost India's exports amid the steep tariffs imposed by the US, an official has said. Headed by the minister, the board includes participants from various states, Union territories, and senior officials from the public and private sectors. In the meeting, representatives of export promotion councils, along with other participants, will present their views on the export sector. "The BoT is meeting on November 25," the official said. The meeting is important as the country's exports fell by a steep 11.8 per cent to USD 34.38 billion in October on account of the impact of high tariffs by the US, while the trade deficit widened to a record high of USD 41.68 billion, mainly due to a jump in gold imports. India and the US are negotiating a bilateral trade agreement. The first phase of the pact is expected to be announced soon, which would address the