Exports

India's tanker exports surge over six-fold to $1.36 bn in Q1, UAE leads

India's tanker exports surged more than six-fold to USD 1.36 billion in the June quarter from USD 221.1 million a year earlier, signalling the country's growing shipbuilding and maritime engineering capabilities, with the UAE emerging as the largest destination during the period, according to commerce ministry data. Tankers are large-scale transport ships engineered for the bulk movement of liquids and gases. They serve as a cornerstone of global energy networks and industrial supply chains, they safely distribute vital commodities, including crude oil, petroleum products, chemicals, liquefied natural gas (LNG), and fresh water. The data showed that export volumes also expanded significantly from 10 vessels to 23 vessels, reflecting increasing international demand for Indian-built tankers and marine transportation assets. It added that the United Arab Emirates (UAE) emerged as the dominant export destination, accounting for USD 900.8 million worth of tanker imports in April-June ...

Govt approves 31 electronics component projects worth ₹7,877 crore

The projects span 10 states and are expected to generate nearly 10,000 jobs and production worth ₹82,243 crore under the Electronics Components Manufacturing Scheme

Chatroom: EOU warehousing, eway bills and ITC: 3 practical issues

Expert explains whether an EOU can warehouse goods near Ahmedabad, the correct eway bill destination for exports and how to claim ITC on differential IGST

Exports up about 15% in Apr-Jul despite global uncertainties: Piyush Goyal

The country's exports increased by about 15 per cent during April-July this fiscal year despite global uncertainties, Commerce and Industry Minister Piyush Goyal said on Wednesday. He also expressed confidence that the target of USD 1 trillion worth of goods and services exports for 2026-27 will be achieved. It was USD 863 billion in 2025-26. "During the first four months of this fiscal, about 15 per cent growth is there in exports," he said. The final exports and import numbers for July will be released on August 13. Talking about free trade agreements (FTAs), Goyal said the nine pacts finalised in the last four years have opened huge opportunities for domestic industry. These pacts together account for about two-thirds of the global trade. During April-June this fiscal, exports increased 15.92 per cent to USD 129.32 billion, while imports rose 19.89 per cent to USD 216.18 billion.

Parliamentary panel seeks early India-US bilateral trade agreement

The Parliamentary panel urged an early India-US trade pact while seeking exemptions from future US tariff hikes and stronger safeguards for Indian exporters

India's KAL attack drone eyes Gulf, global markets amid export push

IG Defence's indigenous long-range attack drone KAL has drawn interest from Gulf nations and is being readied for exports, subject to government approvals and export clearances

Commerce ministry notifies norms for inventory-based ecommerce exports

The commerce ministry on Wednesday notified procedures for online companies to undertake inventory-based cross-border e-commerce. The government recently allowed e-commerce firms, having foreign stakes, to keep inventory only for export purposes. "The operational procedures for the implementation of the inventory-based cross border e-commerce facilitation framework, including registration of exporters-on-record, inventory management, seller visibility, reverse logistics, compliance certification, dispute resolution, and related procedural requirements of exporters-on-record are hereby notified with immediate effect," the Directorate General of Foreign Trade (DGFT) said in a public notice.

India's fuel exports to fire on all cylinders on capacity addition

India's highest annual addition of refining capacity in decades comes even as the world faces a severe shortage of oil products

Best of BS Opinion: Institutions must make room for today's world

From exports and AI to urban livelihoods and geopolitics, India's institutions must adapt to new realities shaping the economy and society

Export ambitions: States can play only a limited role in the push

India aims to raise its share of global merchandise exports from just 1.8 per cent in 2024 to around 10 per cent by 2047

Rajasthan constitutes task forces to boost exports in key sectors

Aims to improve inter-departmental coordination and ensure regular monitoring of projects

Exim Matters: RBI must rethink matching every trade entry with remittances

RBI's trade monitoring framework should move from universal transaction matching to risk-based scrutiny, balancing foreign exchange controls with ease of doing business

Hyundai Motor India Q1 net profit falls 35% on exports hit, supplier fire

Automaker retains FY27 growth and margin guidance as it expects production to normalise after supplier disruption and export weakness caused by the West Asia conflict

HFCL bags fresh order for optical fibre cable exports worth ₹441 crore

Domestic telecom gear maker HFCL on Thursday said it has bagged a fresh order for optical fibre cable exports worth USD 46.13 million, about Rs 441.53 crore. The order has to be executed by January 2027, the company said in a regulatory filing. "The company has secured export orders worth USD 46.13 million, equivalent to Rs 441.53 crore, for the supply of optical fibre cables, through its overseas subsidiary, from a renowned international customer," the filing said. Earlier this month, HFCL bagged an export order worth Rs 495.8 crore from an international data centre company for supplying optical fibre cable. HFCL has announced expansion of its fibre optic cable capacity to 45 million fibre route kilometres from 39 rkm per year. It is also increasing optical fibre capacity to 40 million fibre-route kilometres (rkm) from 30 million rkm a year. The company's Optical Fibre Cable (OFC) business recorded the highest-ever order book of Rs 13,483 crore in the last fiscal.

India must remove investment barriers, ease non-tariff measures: Report

Competere Foundation says reducing investment restrictions and addressing overseas regulatory barriers are key to boosting exports, productivity and long-term growth

Centre shifts export strategy, aims to give state govts bigger role

Plan comes at a time when WTO urged India to address structural challenges

India's engineering exports rise 21% as shipments to China jump 74%

The growth in engineering exports provides a buffer for India's broader merchandise trade, which faces mounting pressure from higher freight, insurance and transit costs

India to keep engaging with US on trade deal after new tariff measures

The Trump administration on Friday unveiled fresh duties of between 10% and 12.5% on goods from 60 trading partners, including India

US temporary 10% tariff on Indian goods expires Friday unless renewed

The 10 per cent temporary tariff imposed by the US on imports from its trading partners, including India, is set to expire at 9:31 am (IST) on July 24, unless President Donald Trump's administration extends the measure or announces a new tariff regime. If no fresh announcement is made in the next few hours, imports from India and other US trading partners will revert to the tariff regime that existed before April 2, 2025, when no additional duty was in place. Trump, in April 2025, announced sweeping reciprocal tariffs on a number of countries, including on India (26 per cent). For example, a shirt exported from India, which attracted a 5 per cent Most Favoured Nation (MFN) duty in the US, has been subject to an additional 10 per cent tariff since February 24. If the temporary tariff expires on July 24 without being extended or replaced, the product will again attract only the 5 per cent MFN duty. The US, on Wednesday, said it will release the "final responsive action" on Section 30

ASEAN, Africa lead India's export growth in first two months of FY27

Exports to Asean and Africa surged in April-May FY27, driving India's export growth as shipments diversified beyond North America and Europe