Page 2 - Export Sector

Exports fall 10.21% to $23.64 bn in July, trade deficit narrows to $4.83 bn

Oil imports declined by 31.97 per cent to $6.53 billion in the month under review. Gold imports grew by 4.17 per cent to $1.8 billion

Make in India boost: 2.3 mn PPEs exported to 5 nations in July, says govt

Personal protection equipment export to five countries include the US, the UK, the UAE, Senegal and Slovenia

GST tweak can make India export hub: Volkswagen India MD Gurpratap Boparai

Boparai said a global manufacturer in India would have to invest mostly in the segment below 4 metres because it constituted 70 per cent of sales here

Export order books improving, but labour shortage still an issue: Exporters

Exporters associations say orders are coming but there is a problem in boosting production as workers stay away in coronavirus pandemic

TVS Motor July sales dip 10% YoY, total exports down to 62,389 units

Motorcycle sales were at 1,06,062 units last month, as against 1,08,210 units in July 2019, while scooter sales were at 78,603 units, as against 1,05,199 units in July 2019, the company said

Amazon Global Selling programme hits $2 bn in overall exports from India

The programme helps over 60,000 Indian exporters sell 'Made in India' products, pledges to take cumulative shipment values to $10 bn by 2025

Exports improving, contraction down to just 10-12 per cent: Piyush Goyal

Declining for the third straight month, India's exports dipped 36.47 per cent in May to $19.05 billion

Connectivity provides a stronger foundation for exports: Hua Chunying

"I can confirm that China and India have conducted effective communication and reached agreement on properly handling the situation," she said on Ladakh standoff

Commodity exports to China could fall by $33.1 billion in 2020: UN Study

With China absorbing about one-fifth of world commodities' exports, such a drop in its imports would have a dramatic impact on producers of primary goods

Exports likely to improve in May, contraction expected to be 30-35%: Goyal

Addressing the Digital Summit on Exports organised by the Confederation of Indian Industry (CII), Goyal said he expects the fall in exports to narrow to 8-10 per cent in June.

Over 15 million jobs at stake unless package announced immediately: FIEO

Need interest free loans, limited opening of manufacturing units soon, the Federation of Indian Export Organisations said

Exports register 2.9% growth in Feb, recover after 6 months of contraction

Non-petroleum non-jewellery exports were up 6.16 per cent at $21.23 billion in the month. Imports also broke the nine-month trend of fall and clocked a 2.48 per cent rise to $37.5 billion in February.

Budget wishlist: Exporters seek clarity on slow tax refunds, key schemes

Exporters also hope the Budget will clear the confusion around the old MEIS, which has been discontinued by the government as well as the uncertainty over the awaited RoDTEP scheme

Action taken against 1,271 firms for export-promotion scheme misuse: Goyal

In 2018-19, exports of electronic items increased to Rs 61,908 crore from Rs 41,220 crore in 2017-18.

The critical role of the tax department in promoting the country's exports

A committee set up by CBIC will look at expediting access to imports used in the manufacture of exported goods, and will also do away with any tax anomalies that may arise in the process

India's farm exports down 46% by volume, over 50% by value in Apr-Dec 2018

Stockists in global market defer purchases on hopes of price fall; Experts, however, feel sentiment has started reviving, may lift India's overall agri exports in coming quarters

Prabhu to meet banking, fin services secys over fall in credit to exporters

There has been a huge decline in bank credit to exporters off late after the Reserve Bank last March banned banks from issuing letters of undertaking to exporters following the Nirav Modi scam

Time is ripe to draw new export strategy amid trade tensions: EEPC India

The council also hailed the centre for "responding well" to the global trade tensions by maintaining a stance that serves the cause of Indian exporters best

Indian exporters get an app with readymade information on global trade

Currently, the app comes with the data of 87 countries covering major markets of United States, European Union, East Africa and the Association of Southeast Asian Nations (Aseab), among others

Rise in May exports expected; labour-intensive field may continue to suffer

After a dip of 0.66% in March, exports had risen by 5.71% in April mainly due to engineering and pharma shipments