Exporters

Trade portal to open new insights for importers, exporters, startups: Goyal

The Trade Intelligence and Analytics (TIA) portal will open up new insights for importers, exporters, startups, and MSMEs of the country, Commerce and Industry Minister Piyush Goyal has said. Launching the portal here on Tuesday, he said the platform will help exporters better utilise the free trade agreements implemented by India so far. Developed by the Department of Commerce, the TIA Portal is a one-stop trade intelligence and analytics platform that integrates multiple global and national databases along with macro-economic indicators into a unified analytical model offering over 270 analytics. The platform provides real-time, interactive insights on India and global trade, commodities and sectoral analytics, market intelligence, including export opportunities, and competitor analysis. It also includes automated trade reports and tracking of trade trends for manufacturing sectors related to PLI (production linked incentive) and critical minerals. Vanlalram Sanga, Economic Advi

Govt's ₹45,000 cr schemes to boost global competitiveness: Exporters

The two schemes with an outlay of Rs 45,000 crore approved by the government for exporters will help industry tackle long-standing challenges such as affordable finance, compliance complexities, and branding gaps, exporters say. They said that the Export Promotion Mission (Rs 25,060 crore) and the Credit Guarantee Scheme (Rs 20,000 crore) will strengthen India's export ecosystem and global competitiveness. Sanjay Budhia, Chairman of CII's National Committee on Exports and Managing Director of Patton International Ltd, said these measures aim to empower MSMEs, first-time exporters, and labour-intensive sectors, ensuring resilience amid global trade uncertainties. Budhia said, "By integrating financial and non-financial interventions under one umbrella, it tackles long-standing challenges such as affordable finance, compliance complexities, and branding gaps, unlocking new opportunities for MSMEs" He added that digital integration with existing trade systems will transform the export

PM to meet exporters, discuss ways to boost India's trade competitiveness

Prime Minister Narendra Modi will meet exporters or certain labour-intensive sectors on Monday to discuss measures to enhance the country's competitiveness in the global trade, according to exporters. Representatives from sectors including apparel, leather, gems and jewellery, handicrafts, engineering, and seafood will participate in the meeting, they said. Heads of export promotion councils of these sectors would attend the meeting. The meeting assumes significance as labour intensive sectors are facing challenges due to a steep 50 per cent tariffs imposed by the US on Indian goods, barring few sectors. Tariffs or import duties play a key role in competitiveness of goods and services. India and the US are negotiating a bilateral trade agreement. India's share in the global trade is about 2 per cent (1.6 per cent in global goods exports and 3.3 per cent in services). India's exports grew 6.74 per cent to USD 36.38 billion in September, while imports jumped 16.6 per cent, widening

India has not significantly advanced its CBAM preparedness, says GTRI

With just 100 days left for the European Union to impose a carbon tax on several products, including metals, the government and the Indian exporters both have not yet taken significant steps to address this barrier, think tank GTRI said on Sunday. Indian exporters of steel and aluminum are staring at a fresh cost shock as the European Union (EU) begins collecting its Carbon Border Adjustment Mechanism (CBAM) levy from January 1, 2026. The CBAM Regulation notified in May 2023, will initially cover iron and steel, aluminum, cement, electricity, hydrogen, and fertilisers. Over the next few years, the EU plans to extend CBAM to cover all major industrial products. It is designed to equalise carbon costs between EU-made and imported goods. From January 2026, the EU will charge a carbon tariff on selected imports, using the EU Emissions Trading System (ETS) price and adjusting for any carbon price already paid in the exporting country. "Despite having a two-year transition period since

India's exports projected to rise 6% in 2025, says Piyush Goyal

Union Commerce Minister Piyush Goyal on Wednesday expressed confidence that India's exports would grow by around 6 per cent this year compared to the corresponding period in 2024. Underscoring the country's strong performance in global trade despite challenges, the minister said discussions on free trade agreements (FTAs) were advancing with several countries. "India's exports would grow by around 6 per cent this year compared to the corresponding period last year. I believe we will end the year on a positive note," Goyal told reporters here, adding that discussions on free trade agreements (FTAs) were advancing with several countries. "India's growing strength and the fact that we will be moving in the Amritkal from a USD 4 trillion economy to a USD 30 trillion-plus economy clearly show that India is the place to do business. The world would like to work closer with India," he added. The minister emphasised that India's domestic momentum and external engagements were reinforcing e

Exporters to take price cuts but hopeful on US-India trade agreement

Retailers, banks and buyers are sharing the burden as exporters frontload shipments, cut prices short term and weigh overseas bases if tariffs persist

Exporters seek loan relief, favorable rupee rate in meeting with RBI

India is preparing measures to help exporters deal with the crisis, even as the U.S. and India look at resuming negotiations to address the trade barriers, Reuters reported earlier

Indian exporters lobby RBI for weaker rupee to offset Trump tariffs

Exporters are seeking a rupee exchange rate of around 103 per dollar for US earnings, Pankaj Chadha, chairman of the Engineering Export Promotion Council of India, said

Govt prepares 'immediate relief measures' to mitigate US tariff stress

Exporters are expected to encounter delayed payments, stretched receivable cycles, and cancelled orders due to the tariff shock

US tariff hike to hit livelihood of 1.5 mn people in Odisha fishing sector

The new tariff imposed by US President Donald Trump on Indian exports will affect the livelihood of at least 15 lakh people engaged in the fishing sector, seafood exporters' association said on Thursday. Claiming that the seafood exports to the US would halt as the Indian businessmen could not compete in the American market, as traders from Vietnam and other Asian countries are taxed at a lower rate there, said Tara Ranjan Patnaik, a member of the Seafood Exporters' Association of India. Patnaik, who is also chairman of Odisha-based Falcon Marine Exports, a leading frozen shrimp exporter, told PTI: We have already reduced production and collection of seafood, which were meant for exports to the US. The impact has already been felt in the coastal states like Odisha. It will affect the livelihood of at least 15 lakh people engaged in the fishing sector." The additional 25 per cent tariff imposed by Trump on India for the country's purchases of Russian oil came into effect on Wednesday

US tariffs: Bracing for pain, exporters cling to trade deal hopes

Workers, small business owners fear loss of livelihood as factories reduce operational hours amidst cancelling of orders

Commerce ministry holds talks with exporters to counter steep US tariffs

The Commerce Ministry will hold a series of meetings this week with exporters from various sectors, including chemicals, gems and jewellery, to discuss ways to boost exports to new markets to shield industries from the steep 50 per cent US tariffs on Indian goods, an official said on Wednesday. The official also said work is progressing fast on the formulation of the Export Promotion Mission, announced in the Budget for 2025-26. "In the next 2-3 days, the ministry will meet stakeholders on the diversification of exports," the official added. The steep 50 per cent tariff on Indian goods entering the United States, which came into effect from August 27, would impact exports worth more than USD 48 billion. The sectors which would bear the brunt of the high import duties imposed by the Trump administration include textiles/ clothing, gems and jewellery, shrimp, leather and footwear, animal products, chemicals, and electrical and mechanical machinery. Sectors such as pharma, energy ...

Tirupur, Noida, Surat exporters halt production amid high US tariffs: FIEO

Apex exporters body FIEO on Tuesday expressed serious concerns over high US tariffs on Indian goods and said that textiles and apparel manufacturers in Tirupur, Noida, and Surat have halted production amid worsening cost competitiveness due to these steep duties. The US duties on Indian goods will increase to 50 per cent from August 27. The move will severely disrupt the flow of Indian goods to its largest export market, Federation of Indian Export Organisations (FIEO) President S C Ralhan said. He described the development as a setback and stated that it can severely impact India's exports to the US, with about 55 per cent of India's US-bound shipments (worth USD 47-48 billion) now exposed to pricing disadvantages of 30-35 per cent, rendering them uncompetitive in comparison to its competitors from China, Vietnam, Cambodia, Philippines and other Southeast and South Asian countries. "FIEO expresses grave concern over the US government's imposition of an additional 25 per cent tarif

A week of hopes, anxieties and expectations ahead for exporters

President Donald Trump surprised India earlier this month by imposing 25 per cent tariffs on Indian goods entering the US, in addition to the 25 per cent reciprocal tariffs

Govt mulls ₹25k cr support for exporters over six years under EPM scheme

The government is considering support measures worth about Rs 25,000 crore for exporters under the Export Promotion Mission, announced in the Budget, for six financial years (2025-2031), according to sources. "The main focus is on providing easy and affordable credit to the exporter community," they said. The commerce ministry has sent the proposal to the expenditure finance committee (EFC) of the finance ministry. The measures, if approved, can help insulate domestic exporters from global trade uncertainties arising from Trump tariffs. The US has imposed a hefty 50 per cent tariff on Indian goods, starting August 27. At present, a 25 per cent duty is in place. After the approval of the proposal from the EFC, the commerce ministry would approach the Union Cabinet. The proposed mission, a flagship initiative announced in the Union Budget 2025-26, seeks to enable broad-based, inclusive, and sustainable export growth over six years (FY 2025-31) by exploring approaches beyond conventi

GTRI says some cos misuse duty-free import scheme, calls 'licence to loot'

The duty free import authorization (DFIA) scheme, aimed at cutting input costs for exporters, is being misused by some companies, and it has turned into a "licence to loot" owing to a mix of vague policy definitions, lax enforcement, and judicial interpretations, economic think tank GTRI said on Sunday. The Global Trade Research Initiative (GTRI) said that the government should immediately intervene because if unchecked, DFIA misuse will destroy faith in India's export incentive regime and drive honest exporters out of business. A forensic audit of licences issued in the past five years is urgently needed, alongside recovery of duties from fraudulent imports, it said. When asked about the issue, the commerce ministry said that in the Directorate General of Foreign Trade (DGFT), there is a permanent mechanism of norms committees across sectors for looking into complaints of misuse of SION (standard input output norms) and misdeclaration of inputs used. "It is also being proposed tha

Trump tariff hike to 50% on Indian goods sparks calls for self-reliance

Business and startup leaders urge reduced US dependence as Trump's tariff hike on Indian exports threatens $80 billion in trade and hits tech and FMCG sectors

Mixed response in MP to US tariff as exporters explore new markets

Major exports from Madhya Pradesh to the US include agricultural and pharmaceutical products, auto parts, textiles and jewellery

FTAs with US, EU soon; exporters to get full govt backing: Sitharaman

Finance Minister says trade deals with US and EU near finalisation as she assures Indian exporters of full support amid global slowdown and volatile trade conditions

Iran-Israel conflict: Exporters urge shift from Bandar Abbas to Chabahar

Exporters have suggested shifting cargo movement from Bandar Abbas port to the Chabahar port in the wake of Iran-Israel conflict, stating any further escalation in the war would severely impact trade with Afghanistan, Central Asia, and Russia, an industry official said on Friday. The official also said that the air freight rates have already seen a 15 per cent rise, and traders expect both air and sea freight costs to increase further if the conflict escalates. This was suggested during a meeting convened by the commerce ministry on assessing impact of the war on India's trade. It was chaired by Commerce Secretary Sunil Barthwal. The official also said that while there has been no immediate impact on shipments to Iran, disruptions are likely if the situation worsens. "If Bandar Abbas port doesn't function, it will affect exports not only to Iran but to Afghanistan and Central Asia also. We have been informed that there is adequate capacity at Chabahar, and this needs to be explored