India's automobile industry registers robust growth in October 2024: SIAM report
Nov 14, 2024, at 02:21 am
New Delhi: India’s automotive sector demonstrated resilient growth in October 2024, with total vehicle production reaching 28.83 lakh units, a 9.9% increase from the previous year, according to the latest SIAM report.
Centre scraps MEP on non-basmati white rice
Oct 24, 2024, at 04:25 am
New Delhi: The Union government on Wednesday removed the minimum export price (MEP) of $490 per tonne on non-basmati white rice exports to boost shipments.
Centre lifts minimum price limit on onion export
Sep 14, 2024, at 04:22 am
New Delhi: The Centre has removed the minimum price limit for onion export to boost the earnings of Indian farmers and push exports.
Merchandise exports fall in July 2024 on muted demand for petroleum products
Aug 15, 2024, at 02:42 am
New Delhi: India’s merchandise exports fell after three months in July 2024, down 1.48 percent to $33.98 billion compared to $34.49 in July 2023 on the back of subdued global demand and geopolitical challenges.
India’s seafood exports increase 31% to Rs 61043.68 cr
Aug 03, 2024, at 06:57 am
New Delhi: India’s seafood exports have increased from Rs 46,662.85 crore in 2019-20 to Rs. 61043.68 Crore in 2023-24 registering a growth of 30.81%, Minister of State for Commerce and Industry Jitin Prasada informed Rajya Sabha on Friday.
Centre likely to review restrictions on rice export ban in Sept if monsoon favourable: Report
Jul 06, 2024, at 01:01 am
New Delhi: The central government is likely to review the restrictions on exporting certain rice varieties in September, following the conclusion of the ongoing kharif season and the availability of final production figures, Moneycontrol reported, citing government officials.
Amazon's Propel 4 aims to launch 50 Indian startups in global markets in 2024
May 19, 2024, at 02:26 am
Kolkata: Amazon India has announced the launch of the fourth season of Propel – a global business accelerator for startups in the consumer products space.
AJAX Engineering becomes first Indian concreting equipment manufacturer to export Slip-form Paver
May 15, 2024, at 05:13 am
Kolkata: AJAX Engineering, India's premier concreting equipment manufacturer, becomes the country’s first manufacturer to export Slip-form Pavers, a specialised heavy concrete equipment utilised primarily in large scale infrastructure projects for the efficient and precise laying of concrete.
India’s export of premium-quality basmati rice up 22% till Feb 2024
Apr 27, 2024, at 06:44 am
New Delhi: India’s exports of premium-quality basmati rice saw a rise of 22 percent, reaching a total value of $5.2 billion from April 2023 to February 2024, propelled by strong demand, particularly from West Asia, a media report said.
Apr 17, 2024, at 06:27 am
New Delhi: India's merchandise exports plummeted by 3% to $437 billion in the previous fiscal year, despite a fourth-quarter uptick.
Cupid Ltd inks deal for supply of female condoms to Brazil worth Rs 23 cr
Apr 11, 2024, at 07:29 am
Mumbai: Condom maker Cupid Ltd on Wednesday said it has signed an agreement to supply 5.9 million pieces of Female Condoms (FC) in Brazil.
India-Singapore bilateral trade jumps 18% to USD 35.6 billion in FY23
Apr 07, 2024, at 10:18 pm
Singapore: India-Singapore bilateral trade rose to USD 35.6 billion in 2022-23, a growth of 18.2 percent on the year, media reported.
APEDA facilitates India’s first commercial trial shipment of Sangola pomegranates to the US via sea
Mar 02, 2024, at 08:12 am
New Delhi: India successfully flagged off its first commercial trial shipment of pomegranates to the United States via sea on Wednesday.
India's engineering goods exports reach $10.04 billion
Jan 18, 2024, at 02:23 am
Kolkata: India's engineering goods exports grew 10.20 percent year-on-year to $10.04 billion in December 2023 despite several challenges stemming from geo-political tensions and tight financial conditions in major advanced economies, according to EEPC India
India's November merchandise deficit narrows by 2.84% YoY to $20.58 billion
Dec 16, 2023, at 03:09 am
New Delhi: After reaching a record high in October, India's merchandise trade deficit contracted to $20.58 billion in November 2023, primarily due to a substantial decline in gold imports, as reported by the commerce ministry on December 15.
Walmart increases imports from India to benefit from cheaper imports
Nov 30, 2023, at 04:25 am
Bengaluru: Walmart is increasing its import of goods to the United States from India and decreasing its dependence on China in an effort to reduce expenses and broaden its supply chain, Reuters reported.
E-commerce exports may touch $200 billion in 6-7 years: DGFT
Nov 18, 2023, at 07:47 am
New Delhi: The Indian e-commerce export sector has the potential to touch $200 billion in next six to seven years, a top government official said on Friday
Amazon targets $20 billion merchandise export from India by 2025
Nov 18, 2023, at 03:09 am
Amazon aims to achieve $20 billion in merchandise exports from India by 2025, Reuters reported, citing a company official.
India inks deals to export 500,000 metric tons of Basmati rice: Report
Nov 16, 2023, at 06:35 am
New Delhi: India has entered into agreements to export about 500,000 metric tons of newly harvested basmati rice, making the most of the strong demand from key markets in Europe and the Middle East, Reuters reported citing rice traders.
India's imports from Russia soar 67% to $30.42 billion in April-Sept
Oct 14, 2023, at 07:02 am
New Delhi: India's imports from Russia in the April-September period of this fiscal year surged by approximately 67 percent to USD 30.42 billion.
India’s share in world food grains market based on export values stands at 7.79% in 2022
Jul 22, 2023, at 07:07 am
New Delhi: India’s share in the world food grains market, based on the exported values in 2022, was 7.79%, the Ministry of Commerce and Industry said.
India's May services exports show 7.7% growth to $27.06 billion, says RBI
Jul 04, 2023, at 05:53 am
Mumbai: India's services exports in May increased by 7.7% year-on-year to $27.06 billion, while imports rose by 2% to $15.5 billion, according to provisional data released by the Reserve Bank of India (RBI) on Monday.
India’s seafood export jumps to 17,35,286 MT worth US$ 8.09 billion in FY 2022-23
Jun 15, 2023, at 05:36 am
New Delhi: India achieved an all-time high export of seafood both in terms of volume and value, both in US $ and Rupee terms, by shipping 17,35,286 MT of seafood worth Rs 63,969.14 crore (US$ 8.09 billion) during FY 2022-23 despite several challenges in its major export markets like USA.
India's goods exports to touch USD 773 billion by 2030, says report
May 31, 2023, at 09:21 pm
New Delhi: Registering annual growth rate of 7.5%, India’s exports of goods could reach US$ 773 billion by 2030 with exports to Turkiye, Vietnam and Indonesia to be among the highest-growing export destinations, said a Standard Chartered Bank report on Wednesday.
Trade deficit dips to lowest in 1 yr at $17.75 billion; exports, imports shrink
Feb 16, 2023, at 06:04 am
New Delhi/IBNS: The trade deficit in the month of January dipped to the lowest in a year at $17.75 billion, as both merchandise exports and imports dropped for the second consecutive month amid lukewarm external demand and a steep decline in gold imports.
Seafood products export grows to a record US$ 7759.58 million in FY22
Feb 11, 2023, at 07:14 pm
New Delhi/IBNS: India’s Seafood products export grew to a record US$ 7759.58 million in FY 2021-22 in three years from US$ 6679 million in FY 2019-20.
Jan 19, 2023, at 05:12 am
New Delhi/IBNS: The Directorate General of Foreign Trade (DGFT) has notified the amended rules for the calculation of composition fees for extending export obligation under the advance authorization scheme, the Ministry of Commerce and Industry said on Wednesday.
Agri and processed food products export up by 16pc to $17.43 billion in Apr-Nov FY23
Dec 31, 2022, at 04:49 am
New Delhi/IBNS: The exports of agricultural and processed food products rose by 16 percent to $17.43 billion in the April-November period of the current FY23 in comparison to the same period last fiscal, as per government data released on Friday.
RBI allows banks to open 12 'vostro accounts' to facilitate rupee acceptance in international trade
Nov 26, 2022, at 05:04 pm
New Delhi: In a move to facilitate import-export trade in the rupee, the Reserve Bank of India (RBI) permitted banks to open “vostro accounts”.
India's balance of payment may go into $45-50 bn deficit in FY23
Nov 10, 2022, at 05:28 pm
India's balance of payment is expected to be in deficit by $45 -50 billion in FY23 but this deficit can be managed comfortably with foreign exchange reserves at a healthy $531 billion, according to a report in the media.