Page 6 - Trade Exports

Andean aspirations: Why is India cosying up to Chile for a trade deal?

While both sides have shared trade interests such as agricultural products and services, the elephant in the room is Chiles expansive reserves of critical minerals, key among them being lithium

Focus on exports, diversification to boost revenue growth: RITES CMD

Proactive efforts to secure export orders for rolling stock and diversify the client base have helped improve our revenue outlook for the coming years, RITES Ltd Chairman and Managing Director Rahul Mithal said. A Navratna public sector undertaking and leading transport and engineering consultancy company, RITES this week reported a 4.3 per cent decline in its consolidated operating revenue in the March quarter to Rs 615 crore compared to Rs 643 crore in the year-ago quarter. Net profit rose by 3.4 per cent year-on-year to Rs 141 crore in the quarter. Mithal told PTI that the company's rolling stock export business was impacted due to a lack of fresh orders from many of its erstwhile African and South Asian clients during the pandemic and post-pandemic periods. He added that the Quality Assurance segment also faced challenges as Indian Railways fixed four entities, for the first time, for the Quality Assurance work through an open tendering process, impacting both the volume and ...

UP's target to triple exports by 2030 has competition from other states

For UP to achieve its target of $66 billion in exports by 2030, it would require a CAGR of 10.2%

Agri, pharma, electronics, engineering made up 50% of FY25 exports: Govt

Agriculture, pharma, electronics, and engineering goods together accounted for over 50 per cent of India's merchandise exports in 2024-25, according to government data, highlighting the country's growing strength in diverse sectors amid efforts to boost manufacturing and value-added exports. Engineering goods contributed the highest share of 26.67 per cent to India's USD 437.42 billion exports in 2024-25, while agriculture, pharmaceuticals, and electronics accounted for 11.85 per cent, 6.96 per cent, and 8.82 per cent, respectively. The data showed that the electronic goods sector saw the highest export growth rate at 32.46 per cent, jumping from USD 29.12 billion in 2023-24 to USD 38.58 billion in the last fiscal year. It was USD 23.6 billion in 2022-23 and USD 15.7 billion in 2021-22. Within this, computer hardware and peripherals, which form 3.8 per cent of the sector, saw 101 per cent growth, doubling from USD 0.7 billion to USD 1.4 billion. The main destinations for electronic

India's trade gap widens in 'tariff tantrum' month; exports surge 9%

Data released by the commerce department showed in the first month of FY26, exports grew 9 per cent to $38.5 billion while imports shot up by 19.1 per cent to $64.91 billion

Retail sets must be classified according to their essential characteristics

Firstly, the brush you supply has no stand-alone utility or commercial value since it can be used only as an accessory for applying the hair-dye

Currency paradox: Rupee's gain aids macro outlook; risks India Inc earnings

The currency has depreciated by over 3 per cent since March and currently trades at 84.8 against the greenback

No relief from QCO for inputs imported under advance authorisation scheme

Rajagopalan answers SME queries related to GST, export and import matters

Indian goods worth $10 bn annually reach Pakistan via third countries: GTRI

Indian goods worth over USD 10 billion are reaching Pakistan every year indirectly through ports such as Dubai, Singapore, and Colombo, bypassing trade restrictions, according to estimates of economic think tank GTRI. Explaining the system, Global Trade Research Initiative (GTRI) said that Indian firms send goods to these ports, where an independent company offloads the consignment and keeps the products in bonded warehouses, where goods can be stored without paying duties while in transit. "In the bonded warehouse, the labels and documents are modified to show a different country of origin. For example, Indian-made goods may be relabelled as 'Made in UAE'. After this change, they are shipped to countries like Pakistan, where direct trade with India is not allowed," GTRI Founder Ajay Srivastava said. This method, he said, helps firms to bypass India-Pakistan trade restrictions; sell goods at higher prices, using the third country route; and avoid scrutiny, since the trade appears to

UP to promote manufacturing, preparing policy for Rs 5 trn annual exports

Policy expected to provide Rs 10 crore as capital subsidy to investors: Official

Tamil Nadu tops electronics exports driven by Apple; up 53% in FY25

This comes after the state posted a 78 per cent increase in exports last year, from $5.37 billion in 2022-23

Serious lack of reciprocity in trade with India: USTR Jamieson Greer

The factsheet said the United States has long recognised significant trade barriers with India

US cotton exports to India rise on lower prices, tariff uncertainties

Exports to India from February to April jumped to 155,260 running bales, from 25,901 shipped during a year ago period

SEA urges govt to lift ban on de-oiled rice bran exports to clear stock

Solvent Extractors' Association (SEA) on Wednesday urged the government to lift the export ban on de-oiled rice bran to allow clearance of surplus stock. De-oiled rice bran is used as feed primarily for cattle and poultry. "The ban has left processors struggling to dispose of de-oiled rice bran, forcing many to shut down operations or cut capacity - impacting both the rice milling industry and rice bran oil production," SEA said in a statement. The government imposed the ban on July 28, 2023, and has extended it multiple times - most recently in February 2025, through September 30, 2025. "We have urged the government to evaluate the wide-ranging economic, agricultural, and environmental benefits of lifting the ban," the Mumbai-based trade body said. SEA argued that exporting surplus de-oiled rice bran would allow efficient clearance of stock, enable sustained processing, improve capacity utilization, maintain vegetable oil production, increase employment and foreign exchange ...

US-China tariff war opens door for India to emerge as global toy export hub

As the US-China tariff war intensifies, the Indian toy industry leaders are calling the situation a "golden opportunity" to position India as a major export hub for toys, especially to the United States, a trade body official said on Sunday. The US recently imposed a steep 145 per cent tariff on toy imports from China a move that could reshape the global toy trade. China, which previously accounted for nearly 77 per cent of US toy imports, is expected to see a significant drop in exports due to the high tariff, opening up space for alternate suppliers, an official said. Akshay Binjrajka, President of the Toy Association of India, told PTI that India is well-positioned to fill the emerging vacuum. "The US toy market, valued at around USD 41.7 billion, offers a massive opportunity for Indian manufacturers," he said, adding that Indian products can now compete with Chinese offerings on both quality and price. India's toy exports have already witnessed a steady rise from USD 40 mill

US tariffs on China could make some Indian products more competitive: GTRI

Imposition of steep 125 per cent tariffs on China by the US could help Indian products from sectors such as textiles, leather, engineering, and electronics become more competitive in America, think tank GTRI said on Friday. However, the benefits may be short-lived unless India proactively leverages this breathing space to strengthen its export ecosystem, streamline compliance processes, and enhance engagement with US buyers, the Global Trade Research Initiative (GTRI) said. It suggested that the government reintroduce interest equalisation scheme to help small firms with access to cheaper working capital credit and customs expediting shipments. The 90-day suspension of country-specific tariffs, as outlined in the new executive order, offers a small window of opportunity for Indian exporters, GTRI Founder Ajay Srivastava said. While Chinese goods now face steep tariffs of up to 125 per cent, imports from India will be subject to a flat 10 per cent additional duty, significantly lowe

India scraps transshipment facility for Bangladesh's third-country exports

The government has terminated the transshipment facility that allowed export cargo from Bangladesh to third countries using Indian land customs stations en route to ports and airports, according to a government circular. Indian exporters, mainly from the apparel sector, had earlier urged the government to withdraw this facility to the neighbouring country. The facility had enabled smooth trade flows for Bangladesh's exports to countries like Bhutan, Nepal, and Myanmar. It was provided by India to Bangladesh in June 2020. "It has been decided to rescind... circular...dated June 29, 2020, as amended with immediate effect. Cargo already entered into India may be allowed to exit the Indian territory as per the procedure given in that circular," the Central Board of Indirect Taxes and Customs' circular, dated April 8, said. The decision comes against the backdrop of the recent comments made by Bangladesh Chief Adviser Muhammad Yunus on India's northeastern states. Yunus while addressin

Watch: China digs out Reagan's 1987 speech on tariffs to rebuke Trump

China posted the video after Donald Trump put an additional 34 per cent tariff on Chinese goods. The footage shows Reagan warning that businesses shut down as a result of imposing tariffs

FIEO seeks 5% interest subvention as high US tariffs delay export payments

Seeking resumption of interest subsidy scheme, the Federation of Indian Export Organisations (FIEO) on Tuesday said the additional 26 per cent US tariffs from April 9 will significantly raise American importers' customs duty bills, delaying payments to Indian exporters. The organisation urged the government to immediately announce a 5 per cent interest subvention to ease the looming liquidity crunch. "From April 9, the US importers will have to pay 26 per cent duty upfront. Earlier it was zero-4 per cent. The high tariffs will put an additional burden on them, and for that, they would have to seek credit and delay our payments. The tariffs are going to impact the payment cycle for us. We request the government to immediately announce an interest subvention scheme for all the exporters," FIEO President SC Ralhan told PTI. In India, the repo rate stands at about 6.25 per cent, with exporters bearing interest rates ranging between 8 to 12 per cent or even more, depending on the spread

Welspun One gets construction loan worth Rs 2.3K crore from Nabfid

The JNPA logistics park, spanning 55 acres, is Welspun One's largest logistics development in India