Export Sector

Nissan Motor total wholesales up 20% in November, aided by exports

Nissan Motor India on Thursday said its total wholesales rose by 20 per cent on a year-on-year basis to 6,746 units last month, aided by increase in exports. The automaker had dispatched 5,605 units in November 2021. The company saw a dip in domestic sales with 2,400 units last month, as against 2,651 units in November 2021. Exports increased to 4,346 units last month, from 2,954 units in the year-ago period. "Booking fulfilments have continued into November after the festive season, indicating that demand is benefiting from several positive indicators, such as improvement in economic activities and confident consumer sentiments. "Going ahead, stable demand from tier-I and tier-II cities is expected," Nissan Motor India Managing Director Rakesh Srivastava said in a statement.

TVS SCS extends contract with Dennis Eagle for UK aftermarket services

UK-based refuse truck manufacturer needed services for supplier management, stocking and sourcing

Last date for export of broken rice in transit extended till October 15

The government has again extended the last date for export of broken rice in transit by 15 days till October 15. It banned export of broken rice on September 8 but allowed shipments of certain consignments during September 9-15. On September 20, the date was extended till September 30. "Export of consignments of broken rice...as permissible under notification dated September 8 has beenextended till October 15, 2022," the Directorate General of Foreign Trade said in a notification.

Cabinet approves National Logistics Policy for 'tech-enabled' ecosystem

The policy has three targets-to reduce the cost of logistics in India to be comparable to global benchmarks by 2030

Expedite sugar export policy, need to do 8 mn tonnes next yr: ISMA to govt

The apex sugar body has urged the govt to not experiment with a new export system

Maruti to ramp-up exports; targets shipments worth Rs 20,000 cr in 3 years

With more than 238,000 of the 570,000 units exported from India in fiscal 2022, Maruti Suzuki overtook Hyundai Motor India as the foremost passenger vehicle exporter

Why India remains a marginal player in global fruit and veggie market

Though a major producer, lack of infra has meant that country accounts for just 1% of market share, and relies predominantly on neighbours

As India makes headway in exports to the US, can it be the next China?

Sea-borne shipments of festival goods and accessories to America touched $20 million last month, almost triple the value from the year-ago period

After wheat, India now curbs the export of wheat flour and related products

The Centre has made it mandatory for all exporters to seek prior permission from the inter-ministerial committee on wheat export before undertaking any outbound shipment

Export curbs, higher energy prices may spike trade deficit further in FY23

Revenues from the export of industrial metals would also take a hit from a decline in metal prices

Sustainability is now counted as major pillar of export business: AEPC

India has recently launched Project SURE - Sustainable Resolution - a firm commitment from the industry to move towards fashion that contributes to a clean environment

Exporters in Tirupur hail RBI holding policy rates at same level

RBI has announced the decision of the MPC to keep the major policy repo rate at 4 per cent and reverse repo rate at 3.35 per cent unchanged

India's October YoY merchandise exports up by 43%, imports rise 62%

The data by the Ministry of Commerce and Industry showed that in comparison to October 2019, last month's exports rose by 35.89 per cent.

Export-focussed sectors express disappointment over RoDTEP rates

The industry associations representing these sectors rued that the rates are lower than what companies enjoyed under the now discontinued MEIS scheme

Precocious growth in India's skill-intensive sectors worrying: Paul Krugman

Krugman said skill intensive industries generate a lot of GDP and exports but they do not generate a lot of jobs

Remove restrictions on export of N-95 masks, industry body urges govt

Recently, the government relaxed curbs on exporting of masks and medical coveralls, which are used to control the spread of Covid-19

Export boost to help pharma sector come out unscathed from Covid-19: CRISIL

Exports and domestic formulations account for an almost equal share in the Rs 2.8-trillion domestic pharma sector, CRISIL said

Exporters may not get much help from RoDTEP

The government has restricted the allocation for MEIS benefits to Rs 5,000 crore for September-December period. In FY20, the Centre granted Rs 43,500 crore of MEIS benefits

Govt puts Rs 2 crore cap on exports promotion scheme, sparks protests

Exporters fume as notification by Commerce Department confirms January 1, 2021 as end date for scheme

Capping MEIS benefits at Rs 2 cr to seriously affect exporters: FIEO

The government on Tuesday capped export incentives under the scheme at Rs 2 crore per exporter on outbound shipments made during the period from September 1 to December 31, 2020