Page 2 - Exports

China widens export curbs on rare earths ahead of critical Xi-Trump meeting

Overseas exporters of items that use even traces of certain rare earths sourced from China will now need an export licence

India dials up record smartphone exports; shipments touch $13.4 bn in H1

Shipments touch $13.4 bn in H1FY26, powered by iPhone; September exports to US treble

WHO asks India if cough syrup linked to child deaths was exported

The children died in India over the past month after consuming cough medicine containing toxic diethylene glycol in quantities nearly 500 times the permissible limit, officials says

Maharashtra launches e-bond system for import-export, replaces paper bonds

In a move aimed at simplifying trade and boosting business efficiency, the Maharashtra government on Friday introduced a new 'e-bond' system for import and export transactions, replacing the traditional paper stamp bonds. With the adoption of the e-bond system, Maharashtra has become the 16th state in the country to do so, Revenue Minister Chandrashekhar Bawankule said in a statement. The decision would simplify procedures and accelerate trade operations, marking an important step in modernising the state's economy, he said. "Currently, 3,000 to 4,000 bonds are issued every month for import-export operations, amounting to over 40,000 annually. The introduction of e-bonds will bring a major transformation. Though it may appear small, this is a turning point for Maharashtra's economy," he said. The e-bond system is expected to make obtaining trade bonds faster and simpler, eliminate the need for Rs 500 stamp papers, promote environmental conservation, and enhance transparency in ...

Govt will 'positively' consider wheat product export demands: Pralhad Joshi

Food Minister Pralhad Joshi on Wednesday said the government will "positively" consider industry demands to allow exports of wheat products such as flour and semolina, while maintaining that food security remains the top priority. Speaking at the 85th annual general meeting of the Roller Flour Millers' Federation of India (RFMF), Joshi said multiple ministries are involved in export decisions and emphasised the need to consider next year's wheat production. "Keeping consumer interest and food security in mind, we will positively look into it," Joshi said. "The government's top priority is ensuring the country's food security." India, the world's second-largest wheat producer after China, banned exports of wheat grain and subsequently wheat products in 2022 due to concerns over domestic food security, a smaller harvest, and rising inflation. The minister's comments came as the country achieved record wheat production of 117.5 million tonnes in the 2024-25 rabi season. "You are ask

Govt notifies additional condition for export of 2nd generation ethanol

The government on Wednesday notified additional policy condition for the export of second-generation ethanol, which is produced through materials such as bagasse, wood waste, and industrial waste. It said export of second generation ethanol, which is produced through cellulosic material such as bagasse, wood waste, lignocellulosic feedstocks -- agricultural and forestry residues such as rice and wheat straw, corn -- and non-food crops like grasses, algae and having low carbon-dioxide emissions or high GHG (greenhouse gas) reduction, and which do not compete with food crops for land use "is permitted" for fuel and non-fuel purposes. The permission, however, is subject to a valid export authorisation and feedstock certification from the relevant competent authority. "Additional policy condition for export of second generation ethanol is notified with immediate effect," the Directorate General of Foreign Trade (DGFT) said in a notification. In a trade notice, it said exporters are ...

Indian tea industry concerned over higher US tariff, exports likely to hit

The tea industry in India on Monday expressed concern over the imposition of higher tariffs by US President Donald Trump, stating that the hike in levy is likely to have an impact on exports of the beverage to that country. Leading industry body Indian Tea Association (ITA) said the US is a significant market for Indian tea. In 2024, the US had imported 17 million kilograms of tea from India, while the shipment to America stands at 6.26 million kilograms till May this year, according to the industry body. The additional 25 per cent tariff by the US on Indian products for the country's purchases of Russian oil came into effect on August 27, bringing the total amount of levy imposed on New Delhi to 50 per cent. The tea industry association said that the recent imposition of 50 per cent tariff on Indian goods would be a "limiting factor for exports of the beverage to the US". The association said that persistent decline in tea prices, influx of imports and export market volatility po

Will come up with measures to expand India's presence in global mkts: Goyal

The Union minister exuded confidence that the measures will ensure that India's exports in the current financial year will exceed that of last year's

FM pledges support, vows to safeguard traders' interests amid US tariffs

Finance Minister Nirmala Sitharaman on Thursday assured an exporters' delegation that the government stands firmly with them in this challenging time and is committed to addressing their concerns, while exploring every possible avenue to safeguard their interests amidst high US tariffs, FIEO said in a statement. The assurance was given to a delegation of the Federation of Indian Export Organisations (FIEO) led by its President S C Ralhan. They apprised her of the challenges faced by Indian exporters due to the recent escalation of tariffs imposed by the United States. During the interaction, Ralhan said he highlighted the immediate concerns of the exporting community, particularly the adverse impact of higher tariffs on market access, competitiveness, and employment generation. He underscored the need for quick and calibrated policy measures to mitigate the strain on India's exporters, who have been key drivers of growth and job creation. "The Finance Minister reassured the delegat

Weighed down by 50% US levy, Indian exporters recalibrate strategy

Vinod Kumar, president of the India SME Forum, said outreach to about 100,000 members has drawn 1,035 responses, with entrepreneurs already mapping ways to cope with the tariffs

Texmaco, RVNL form joint venture to boost rail modernisation, exports

Rolling stock maker Texmaco Rail & Engineering Ltd on Wednesday said it has formed a joint venture with Rail Vikas Nigam Ltd (RVNL) to strengthen India's railway modernisation and export competitiveness. The venture will manufacture freight and passenger rolling stock including wagons, locomotives, coaches, trainsets and metro coaches and also take up EPC projects, depot operations and global tenders, a statement said. Texmaco, part of the Adventz Group, will hold a 49 per cent stake, while Navratna PSU RVNL will remain the majority shareholder. The transaction is expected to close by December 2025, subject to approvals. The JV will explore automation, artificial intelligence and green technologies to deliver advanced and cost-effective solutions, the companies said. Adventz Group chairman Saroj Kumar Poddar said the JV will expand India's capacity to deliver world-class rail infrastructure. It will open doors for innovation, exports and digital technologies, making Indian ...

India, Eurasian Economic Union ink terms of reference for trade pact talks

India and the five-nation Eurasian Economic Union bloc on Wednesday inked terms of reference to start formal negotiations for a proposed free trade agreement, an official statement said. The five members of the Eurasian Economic Union (EAEU) are Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia. The development is important as India is looking to diversify its export markets due to high tariffs imposed by the US. The terms of reference (ToR), the commerce ministry said, provides the framework for negotiations and is expected to unlock untapped trade potential, increase investments and establish a stronger, durable IndiaEAEU economic partnership. Both sides reaffirmed their commitment to the early conclusion of the agreement and to building a long-term institutional framework for trade cooperation, it said. The two-way trade stood at USD 69 billion in 2024, an increase of 7 per cent over 2023. With a combined GDP of USD 6.5 trillion, the proposed free trade agreement (FTA) is ..

Apple rings up record run in India's phone exports amid US tariff threat

Apple Inc has led the charge despite concerns that it might slow its expansion in India. Its iPhone exports rose 63 per cent to $7.5 billion in April-July this year, compared with $4.6 bn a year ago

Exports rise 7.29% to $37.24 bn in July; trade deficit at $27.35 bn

India's exports rose by 7.29 per cent to USD 37.24 billion in July, while trade deficit stood at USD 27.35 billion in the month, official data released on Thursday showed. Exports were at USD 34.71 billion in July last year. Imports also increased by 8.6 per cent year-on-year to USD 64.59 billion during the month, the data showed. During April-July 2025-26, exports increased by 3.07 per cent to USD 149.2 billion, while imports rose 5.36 per cent to USD 244.01 billion.

China to continue anti-dumping tariff on Indian fibre optic products

China first imposed the tariffs in 2014 and had extended them in August 2020

Tariff turbulence: Tanned hides, tug toys, trade sacks on Trump tightrope

The second in a series focuses on Kanpur's leather hub, pet goods makers, and FIBC exporters walking a fine line under the weight of 50% US duties

Sterlite Electric bags orders worth ₹1,500 cr on back of energy projects

Sterlite Electric Ltd on Tuesday said it has secured orders worth Rs 1,500 crore in the April-June quarter of this financial year, mainly driven by green energy projects and exports. This strong start to the fiscal year reflects sustained demand for the company's advanced conductors, power cables, and Optical Ground Wire (OPGW) products across both domestic and international markets, a company statement said. According to the statement, Sterlite Electric Ltd (formerly known as Sterlite Power Transmission Ltd), global leader in the cable conductor industry, has secured Rs 1,500 crore in total orders during Q1 FY'26. The orders span across critical infrastructure segments such as high-performance conductors for green energy corridors, advanced medium and high-voltage power cables, Medium Voltage Covered Conductor (MVCC) and Optical Ground Wires for digital-ready grids. Additionally, the company has secured orders for reconductoring and uprating existing transmission systems from ...

Govt working on measures to insulate exporters from Trump tariff: Official

The government is working on certain support measures for exporters in sectors like textiles and chemicals to insulate them from the impact of the Trump tariff, an official said on Monday. US President Donald Trump has announced an additional 25 per cent import duty on Indian goods entering America from August 7. The official said that the commerce ministry has held meetings with several export sectors, including steel, food processing, engineering, marine, and agriculture, to understand issues they may face due to high tariffs. Indian exporters from various sectors, including food, marine, and textiles, have sought financial assistance and affordable credit from the government to cope with the 25 per cent Trump tariff. Exporters are requesting the government to extend fiscal incentives such as interest subsidy and extension of RoDTEP scheme (Remission of Duties and Taxes on Exported Products), RoSCTL (Rebate of State and Central Taxes and Levies), timely payment of dues, and a dir

India-US trade deal: Exporters in a fix over possible tariff cost split

Begin talks with buyers, particularly for goods arriving at US ports on or after Aug 1

DGFT should rethink provisions for deemed exports from DTA to EoU

Para 7.01(i) of the Foreign Trade Policy (FTP) says 'deemed exports' for this FTP refer to those transactions in which goods supplied do not leave the country