Page 9 - Trade Exports

Green India Polymers inks Rs 347 crore export deal with Canada's Meridian

Polymer recycler and trader Green India Polymers has entered into a collaboration with Canada-based Meridian Polycorp Ltd (Meridian) for the supply of PET flakes worth USD 40 million (around Rs 347 crore) over three years. Under the partnership, the Indian PET and HDPE recycler will export 40,000 MT of PET flakes worth USD 40 million sourced primarily from underdeveloped regions, Green India Polymers said in a statement on Friday. The partnership is aimed at incentivising waste collection, and combating poverty while ensuring compliance and delivering high-quality recycled products to brand owners worldwide, it added. Meridian will serve as the exclusive global distributor of GIP's recycled PET flakes. With an annual recycling capacity of 8,000 MT, GIP has successfully exported over 40,000 MT of recycled PET flakes to major markets, including the United States, Mexico, Germany, Morocco, and Malaysia. Amit Mani, Founder & MD of Green India Polymers said, By combining our ...

India's dependency on China upstream imports on the rise: McKinsey report

India's exports to China are declining, suggesting an emerging asymmetrical trade relationship between the world's two largest developing economies

Trump admin moots 25% tariffs on auto, pharma, semiconductor imports

US risks shortages as India dominates generics space; automakers see muted pain

Commerce department likely to seek more funds to help MSME exporters

Current allocation may not be enough to design and implement support schemes

Widening merchandise trade deficit in January raises dumping concerns

But the figure narrowed during April-Jan, blunting these apprehensions

Trade deficit widens to nearly $23 billion in January as exports shrink

During April-January, exports grew only 1.39 per cent, while imports saw a 7.4 per cent increase

US' reciprocal tariffs on Indian exports will have a limited impact: SBI

The latest report by SBI's Economic Research Department suggests that the overall bilateral negotiations between India and US could provide further collateral benefit to India

Expect export growth to remain strong in coming quarters: Hinduja

Geopolitical turmoil has risen due to ongoing wars like the Russia-Ukraine conflict and the Israel-Gaza crisis, causing global instability

Stocks tumble on global trade war concerns; Sensex down 1,018 points

Experts said Trump's threat could make India susceptible to reciprocal tariffs imposed by the US

Govt to focus on 20 countries, six focus sectors to boost exports

The government has identified 20 countries such as Australia, Brazil, China, and France, and six focus sectors each in commodities and services to further increase India's exports, Parliament was informed on Tuesday. In a written reply to the Lok Sabha, Minister of State for Commerce and Industry Jitin Prasada said a meeting with the officers of the commercial wings of Indian Missions in these 20 countries was organised last month to enhance exports. "The government has recently identified 20 countries of significance and 6 focus sectors each in commodities and services," he said. The 20 countries are Australia, Brazil, Bangladesh, China, France, Germany, Indonesia, Italy, Japan, the Netherlands, Russia, Singapore, South Africa, Saudi Arabia, South Korea, Trkiye, UAE, UK, the US and Vietnam. He added that the meeting focused on exploring strategic solutions for fostering multilateral trade collaboration and streamlining operational and logistical barriers to trade. "A set of ...

Trade, energy imports in focus as PM Modi to meet Trump during key US visit

PM Modi's US visit takes on added significance as Donald Trump plans to introduce reciprocal tariffs, with an announcement expected just before the Indian PM's arrival in Washington DC

Donald Trump's belligerence will help China's image as reliable partner

Trump has threatened to increase the import duties on goods from Taiwan, Europe and India

India's pharma exports set for 10x growth, targeting $350 billion by 2047

Indian biosimilar exports, presently valued at $0.8 billion, are expected to grow fivefold to $4.2 billion by 2030 and reach $30-35 billion by 2047

Driven by US stockpiling, Canada posts first trade surplus in 10 months

The December trade surplus was at C$708 million ($496 million), compared with a revised deficit of C$986 million the prior month, helped by an 4.9 per cent growth in exports

Pakistani exports become uncompetitive after govt doubles gas prices

Pakistani exports have become uncompetitive after the government doubled gas prices for in-house power generation by factories, endangering the target of a three-year goal of increasing exports to USD 60 billion, according to a business body. The Pakistan Business Council (PBC) informed Prime Minister Shehbaz Sharif on Tuesday about the development through a letter, the Export Tribune reported. In a paradoxical situation, the miseries of industries are apparently an achievement for the government that has met an International Monetary Fund (IMF) loan condition to either make gas unaffordable for in-house power generation or completely cut it off, the paper reported. The government has chosen the first option, which became the reason for the PBC a representative body of manufacturers to write a letter to the prime minister, reporter the paper. "Your USD 60 billion export target by 2027 is unlikely to be achieved. The competitiveness of manufacturing for the domestic market, which

US-China trade war may open new opportunities for Indian exporters

China on Tuesday announced retaliation and said the country plans to impose higher tariffs on US imports

Govt framing schemes under export promotion mission for exporters: DGFT

The government is framing schemes for MSME exporters to provide credit at easy terms, promote alternate financing instrument through strengthening factoring services for them, and offer assistance to deal with non-tariff measures imposed by other countries, an official said on Tuesday. The commerce, MSME and finance ministries are working on these schemes, Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi told reporters here. These schemes are being formulated under the export promotion mission, announced in the Union Budget for 2025-26. The schemes are expected to be rolled out in about 4-5 months, he said. The government on February 1 announced the setting up of an Export Promotion Mission with an outlay of Rs 2,250 crore to promote the country's outbound shipments. Finance Minister Nirmala Sitharaman has said through the mission, the government will facilitate exporters to get easy access to credit, cross-border factoring support, and support MSMEs to tackle non-ta

EFTA investor delegation to visit Delhi to explore business ties: Goyal

EFTA representatives will be in the national capital with more than 100 investors

Budget FY26: Govt to launch export promotion mission worth Rs 2,250 crore

Under this mission, the department of commerce, micro, small and medium enterprises (MSME), and the finance ministry will set export-related targets for various sectors

Economic Survey: External debt remains stable amid global uncertainties

The survey noted that India's external debt has remained stable over the past few years