Page 26 - Trade Exports

Exporters in Tirupur hail RBI holding policy rates at same level

RBI has announced the decision of the MPC to keep the major policy repo rate at 4 per cent and reverse repo rate at 3.35 per cent unchanged

India on track to achieve $400 bn exports, negotiating FTAs: Goyal

India is on track to achieve the USD 400-billion export target in the current fiscal and is negotiating trade agreements with countries, said Goyal

51 projects sanctioned under Trade Infra for Export Scheme till Jan-end

As many as 51 projects have been sanctioned under the Trade Infrastructure for Export Scheme (TIES) till the end of January and out of that, 13 projects are already completed, Parliament was informed

India's exports to China rise by 21% to $22.9 billion in 2021

Bilateral trade between the two countries rose to USD 110.4 billion in 2021 against USD 77.7 billion in 2020, registering a year-on-year growth of 42.2 per cent

Engineering exports up 54% to $82 bn in Apr-Dec: Commerce ministry

India's top five export destinations for engineering goods include the US, China, the UAE, Italy and Germany

Would target $300 bn services exports in 2022-23: Export promotion council

SEPC looks to set an export target of 300 billion for 2022-23 as it expects resumption of regular international travels and other business activities in the coming time

India aiming a target of $500 billion exports for FY23: DGFT official

India has set up a target of 500 bn exports for the 2022-23 fiscal, a top government official said on Friday, contending that the COVID-19 pandemic has taught the country to reimagine world trade.

Gems, jewellery exports grow 5.76% to $29 billion in Apr-Dec 2021

Gems and jewellery exports in the April-December 2021 period grew by 5.76 per cent to USD 29.08 billion on account of healthy demand in major countries including the US, Hong Kong and Thailand

DPIIT holds meeting with various stakeholders on proposed e-commerce policy

The Department for Promotion of Industry and Internal Trade (DPIIT) on Tuesday held a meeting with different stakeholders, including domestic and foreign companies, on the proposed e-commerce policy, an official said. The meeting was attended by domestic and foreign e-commerce firms besides domestic traders body CAIT (Confederation of All India Traders) and associations related to the MSME sector, the official added. CAIT in a statement said the meeting was attended by All India Consumer Products Distributors Federation (AICPDF), Retailers Association of India, Laghu Udyog Bharti, and Federation of Indian Micro and Small & Medium Enterprises (FISME). Representatives of e-commerce firms, including Amazon and Flipkart, also attended the virtual meeting, which was chaired by DPIIT Additional Secretary Anil Agarwal, along with other senior officials of the ministry. Confirming his participation in the meeting, CAIT Secretary General Praveen Khandelwal said the e-commerce policy should

Tax hike on components to make mobile PLI uncompetitive for exports: ICEA

ICEA has said that increase in taxes on components will make the products manufactured in India under the PLI scheme globally uncompetitive.

India-China trade grows to record $125 billion in 2021 despite tensions

The India-China bilateral trade touched a record high of over USD 125 billion in 2021, crossing the USD 100 billion-mark in a year when the relations hit a new low due to the prolonged standoff

Exports rise 39% to $38 bn in Dec; trade deficit widens to $21.68 bn: Govt

Imports in December 2021 increased 38.55% to $59.48 billion

Exports rise 33% to $7.63 billion during Jan 1-7 period: Govt data

The country's exports grew 33.16 per cent to USD 7.63 billion during January 1-7 period on account of healthy performance by various sectors, including engineering, petroleum and gems and jewellery

India's sea cargo tonnage near pre-pandemic levels

Reaching the pre-pandemic levels in exports and imports, even in volume ter­ms, is no mean achievem­ent

RIL, HDFC, TCS power 673-pts rally in Sensex; Nifty tops 17,800; banks soar

The broader markets underperformed the benchmarks by a wide margin. The BSE MidCap and SmallCap indices ended with meagre gains of 0.05 per cent and 0.4 per cent, respectively.

Covid-19 variant Omicron may put India's export growth in slow lane

With the US and parts of Europe witnessing more than 100,000 Covid-19 cases a day, exporters expect some disruption

India's wheat exports rise to $872 million in April-October period

In volume terms, wheat exports during the said period rose by more than 527 per cent to 3.2 Million Tonnes (MT)

Exporters across sectors are flushed with orders for next fiscal: FIEO

Additional exports will come from some of the PLI (production-linked incentive) sectors in the next fiscal, it said

Re-import of steel cylinders should be exempted from SIMS registration

See no reason to cover re-imports of such Indian origin goods under SIMS

US considers banning key exports to Chinese chipmaker SMIC: Report

US officials are considering discussing a Defense Department proposal this month to close regulatory loopholes that have allowed Chinese chipmaker SMIC to buy critical technology