Category: Exports

Exporters are concerned about declining bank credit, which they will discuss with Commerce Minister, Piyush Goyal. Despite a 15% growth in exports, outstanding credit dropped by 5%. The Federation of Indian Export Organisation (FIEO) suggests measures like sub-targets for export credit and increased insurance cover to address the issue. The declining bank credit to exporters […]

In May, The Indian Express reported that India’s labor-intensive sectors such as textiles, leather, gems and jewelry, and marine products are experiencing a sharp decline. Jobs in India generated directly and indirectly connected to international trade have declined over the last decade, the World Bank said, adding that the country has missed out on the […]

This initiative has been launched by the Commerce and Industry Ministry, through which merchandise exports are to be made easier through e-commerce platforms. The Indian Government has recently set a goal to create about 50 e-commerce export zones during the next five years, as the country’s e-commerce exports are at a rather low level – […]

India’s exports grew for the third straight month, rising 2.6% to $35.2 billion, while imports increased 5% $56.2 billion. As a result, trade deficit rose to $21 billion, compared with $19.2 billion a year ago. The engineering goods, whose exports rose over 10% to $9.4 billion in June and electronics (16.9% to $2.8 billion), were […]

In a bid to find a long-term fix to unrelenting geo-political concerns, Indian engineering and capital goods firms are looking to ditch foreign suppliers and plan to collaborate with Indian entities instead. Executives from these companies termed it an attempt to secure supply chains and cut down the transit time. If it works, one need […]

The project cost includes the cost of land, development for core infrastructure, terminals and other commercial infrastructure in the public-private-partnerships mode. The Union Cabinet approved the development of a Rs. 76,220-crore all-weather greenfield deep draft major port at Vadhavan in Maharashtra, which, on completion, will be among the top 10 ports of the world. The […]

The European Union’s new eco design regulation, setting stringent sustainability requirements for all products in the bloc, is expected to hit Indian exporters, particularly smaller businesses, as it bans the destruction of unsold textiles and footwear, which could limit orders. The guidelines issued a few weeks ago has mandated product durability, reusability and energy efficiency, and is in line […]

The United Kingdom (UK) has overtaken China to become India’s fourth-largest export market in May. The UK was India’s sixth-largest export destination in May last year. While exports to the UK grew by a third to $1.37 billion in May, the shipments to China saw 3 per cent growth at $1.33 billion last month. The […]

In a move set to bring relief to exporters, the Directorate General of Foreign Trade (DGFT) has concluded that there is merit in continuing the interest equalisation scheme for the export sector and is in discussions with the Finance Ministry on the terms of its extension beyond the month-end. The scheme, which allows exporters of […]

Goods exports rose 9% to $38 billion in May, while imports were 7.7% higher at nearly $62 billion, pushing up India’s trade deficit to $23.8 billion, highest in seven months. Exports growth has been uneven and the latest numbers pegged the growth at the highest in three months, with Govt hopeful of the trend continuing & feels that this positive trend will continue. The […]