Page 3 - Trade Exports

DGFT extends RoDTEP scheme till March 2026 amid steep US tariffs

The Directorate General of Foreign Trade has extended the RoDTEP scheme till March 2026, ensuring policy continuity for exporters navigating US tariff hikes and global headwinds

At UP trade show, PM speaks of strong, time-tested India-Russia ties

At the UP International Trade Show, PM Modi underlined strong India-Russia ties, spoke of defence production, GST savings, and urged people to embrace swadeshi self-reliance

Smartphone exports surge 39% in August, ICEA refutes misleading claims

The India Cellular & Electronics Association (ICEA) said smartphone exports in August 2025 increased by 39 per cent year-on-year, countering claims of a decline, and cautioned against drawing inferences from month-on-month comparisons without context.ICEA reported that exports increased from USD 1.09 billion in August 2024 to approximately USD 1.53 billion in August 2025, with shipments to the United States more than doubling. Exports to the US increased by 148 per cent to USD 965 million in August 2025, compared to USD 388 million in August 2024."Every export sector has its particular nuances based on multiple factors. Oversimplification of trade data, and worse, inferences based on monthly comparisons, are misleading and avoidable. It's important that subject matter experts are consulted before drawing sector-specific conclusions," said ICEA Chairman Pankaj Mohindroo.ICEA added that August and September are traditionally low-export months due to upcoming new launches, plant ...

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 ...

Tariff turbulence: When Tamil Nadu's Dollar Town hangs by a thread

The knitwear hub battles shrinking US demand, steep discounts, job cuts, and rising competition from global rivals

AI to boost trade by nearly 40% by 2040 if gaps are bridged: WTO report

WTO Director-General Ngozi Okonjo-Iweala said artificial intelligence has vast potential to lower trade costs and boost productivity

Exports to rise 6% this year, will end year on positive note: Goyal

Commerce Minister Piyush Goyal said India's exports would grow 6% this year, despite the US' 50 per cent tariffs, adding FTAs with the EU and UAE were progressing to boost trade

Govt unlikely to raise export duty soon on low-grade iron ore, pellets

The government has been considering raising the export duty to between 20 per cent and 30 per cent, from zero now

US tariff: Export Promotion Mission Scheme to be placed before Cabinet soon

The inter-ministerial consultations for the Export Promotion Mission have concluded and the proposal will soon be sent to the Union Cabinet seeking its approval, sources said. 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), PTI had reported citing sources last month. The mission, 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. "So export promotion mission, you know, the inter-ministerial consultations have happened, and soon we will be going to cabinet. Already in the Budget, there was an announcement, and it would be a kind of a scheme which would be fungible," sources said.

Trade deficit narrows to 25.7% at $26.59 billion in August; imports dip 10%

August 2025 trade data: The trade deficit decreased 25.7 per cent to $26.59 billion in August against $35.64 billion last year

Govt exploring alternative export markets to shield farmers from US tariffs

The government is actively exploring alternative export destinations and import substitution strategies to protect farmers from the impact of US tariffs, D K Yadava, Deputy Director General (Crop Science) at the Indian Council of Agricultural Research (ICAR), said on Monday. "The government is trying to have all alternatives to protect the interests of farmers. As far as exports are concerned, the concerned ministries are already exploring alternative countries for the export of various commodities," Yadava said at a media briefing about the ongoing event 'Dialogue Next' organised by the US-based World Food Prize Foundation for the first time in India. The remarks came in the backdrop of the Trump administration imposing a steep 50 per cent tariff on Indian goods entering America. On imports of genetically modified soybean and maize, as well as milk and milk products, Yadava said the government has "a very clear stand" and is identifying alternative import sources. The official sai

Rajasthan's trade body ARTIA seeks subsidy relief to support exporters

According to the association, the United States' move to impose 50 per cent tariffs on India has increased pressure on medium, small and micro enterprises (MSMEs)

India cautions against misuse of export measures at SCO ministers meet

India has cautioned against weaponising export-related measures or misusing them to create artificial scarcity, distort markets, or disrupt supply chains at an SCO meeting, an official statement said on Sunday. At the SCO (Shanghai Cooperation Organisation) Trade Ministers' Meeting in Vladivostok on September 6, India said that calibrated and transparent use of these steps is essential to maintain trust in international commerce. India has also called for addressing persistent trade deficits by ensuring greater market access and simplifying processes for trade facilitation. These remarks are important as India's auto and electronics sector faced issues due to export restrictions on rare earth magnets and fertiliser by China. China is a member of the organisation. India also warned that trade-linked climate measures should not result in arbitrary or unjustified discrimination. "...persistent trade imbalances must be addressed through better market access, cooperation on standards,

Japan's MOL plans to ramp up India fleet with domestically built vessels

Plans to become India's second-largest shipping firm

High manufacturing costs may erode India's gains from reforms, trade deals

Post-tariffs, a slew of reforms have been proposed by many commentators, and indeed almost all of those would be welcome

Domestic champions, global laggards: The road to global manufacturing power

The only way to be a globally competitive manufacturing power is to ensure that the domestic market is aligned to the cost and quality demanded by global markets

Govt should allocate ₹2,500 cr for exporters to join MAI exhibitions: GTRI

Expressing concern over decline in export promotion funding, economic think tank GTRI said on Saturday said the government should consider allocating Rs 2,500 crore for exporters to participate in global exhibitions under the Market Access Initiative (MAI), which has not received any funds this fiscal. It said that exporters have missed critical opportunities between April and August to participate in overseas fairs. "With a modest budget of only Rs 250 crore in past years, the scheme was already too small for a USD 440 plus billion export economy. It must be revived with a scaled-up budget of Rs 2,500 crore annually, with funds released at least a year in advance to allow Indian firms to secure high-visibility slots at global fairs," Global Trade Research Initiative (GTRI) Founder Ajay Srivastava said. He also called for resumption of Interest Equalisation Scheme (IES), immediate roll out of the Export Promotion Mission (EPM), and E-commerce Export Hubs to boost exports amid 50 pe

Trump 50% tariff: How India stacks up against Asian, Latin American peers

India's effective tariff rate has soared to 50 per cent, while its peers face lesser tariffs despite their larger trade surpluses with the US

Textile hubs in Surat, Tiruppur suspend output as US tariff takes effect

The 50 per cent tariff will affect the export prospects of several industries in India's largest market and also poses a risk for India's near-term growth and capital flows trajectory

Are export sectors in the firing line? Markets brace for tariff fallout

From textiles and gems to auto parts and seafood, Indian exporters brace for shrinking US orders, job losses, and weaker earnings as Trump's tariff surge takes effect on August 27