Page 5 - Export
Wheat exports hit record 7.85 million tonnes in FY22, say traders
India achieved its target of exporting 7 mt of wheat on March 21, according to the Indian government, which is yet to issue wheat shipment data for the last 10 days of March
 "Wheat exports hit record 7.85 million tonnes in FY22, say traders")
The $400 billion story: India's export boom mirrors neighbourhood surge
Many Asian peers exporting have seen increasing overseas demand
 "The $400 billion story: India's export boom mirrors neighbourhood surge")
Vikas Ecotech scouts for acquisition, expects Rs 360 crore revenue in FY23
Vikas Ecotech Ltd is looking to log Rs 360 crore revenue in the next financial year on the back of resumption of exports which were stalled due to Covid-19 pandemic, a top company official has said.
 "Vikas Ecotech scouts for acquisition, expects Rs 360 crore revenue in FY23")
India achieves $400-bn export target for FY22 ahead of schedule
Govt is confident of clocking $410 bn exports by March 31, as India has been shipping roughly $1.3 billion a day
 "India achieves $400-bn export target for FY22 ahead of schedule")
India looking beyond conventional markets to export wheat
India is looking forward to starting wheat export to several new countries beyond its Asian/South Asian neighbours.
 "India looking beyond conventional markets to export wheat")
TMS Ep-123: Back to office, Indian trade, markets, NSE IFSC
Is India Inc going back to office? How is Indian trade filling the void created by Russia? Buy when markets dip or sell on a rally? How to invest in international stocks via NSE IFSC? All answers here
 "TMS Ep-123: Back to office, Indian trade, markets, NSE IFSC")
Export-to-GDP ratio: India must get back to 2013-14 level, shows data
India is expected to have an export-to-GDP ratio of 20.8% this year; in 2013-14, India's export-to-GDP ratio was 25.4%
 "Export-to-GDP ratio: India must get back to 2013-14 level, shows data")
India's wheat exports pick up amid Russia-Ukraine war, says Food Secy
So far, wheat exports have crossed the historical high of 6.5 million tonnes achieved earlier in 2012-13 fiscal
 "India's wheat exports pick up amid Russia-Ukraine war, says Food Secy")
Russia-Ukraine war may throw up export opportunities for Indian metal firms
Russia & Europe account for 10% of global primary aluminium supply. Russia is also the second largest steel exporter. With war threatening supply, exporting nations like India may step in to plug gaps
 "Russia-Ukraine war may throw up export opportunities for Indian metal firms")
SME: 'Ad hoc norms valid for 3 yrs or till March 31, whichever is later'
So, the norms approved in 2017 will be valid till 31.03.2022 and the norms approved in 2020 will be valid for three years from the date of approval
 "SME: 'Ad hoc norms valid for 3 yrs or till March 31, whichever is later'")
Russia could lose financial markets access if it invades Ukraine: EU chief
EU chief Leyen revealed details of sanctions Moscow would face if it invaded Ukraine, saying Russia would be cut off from international financial markets and denied access to major export goods.
 "Russia could lose financial markets access if it invades Ukraine: EU chief")
India probing alleged export subsidisation of a chemical by 3 countries
Following a complaint by a domestic firm, DGTR has started the probe to examine whether subsidy programmes of these countries for exports of saturated fatty alcohols are impacting domestic industry
Publishing confidential export-import data may now lead you to jail
The FY23 Budget has proposed to introduce section 135AA in the customs act through the Finance Bill for "protection of data".
 "Publishing confidential export-import data may now lead you to jail")
Gold imports hit 10-year high as jewellery demand doubles
Celebrations picked up in full swing in the three months through December, more than doubling full-year imports to 925 tonnes
 "Gold imports hit 10-year high as jewellery demand doubles")
Nissan to export compact SUV Magnite to 15 more countries from Chennai
The vehicle was launched in December 2020 and has since achieved 78,000 customer bookings in India, and 6,344 abroad
 "Nissan to export compact SUV Magnite to 15 more countries from Chennai")
Electronic goods exports up 49% in April-December 2021, says govt
Top five export destinations were the US, UAE, China, Netherlands and Germany
 "Electronic goods exports up 49% in April-December 2021, says govt")
Gems and jewellery exports up 71% during Apr-Dec to $28.9 billion
Top five export destinations for the sector included the US, Hong Kong, the UAE, Belgium and Israel
 "Gems and jewellery exports up 71% during Apr-Dec to $28.9 billion")
On K-pop popularity, South Korea's exports of red pepper paste surge 63%
South Korean exports of red pepper paste soared nearly 63 per cent in the past four years thanks to the global popularity of Korean pop (K-pop) culture, data said
 "On K-pop popularity, South Korea's exports of red pepper paste surge 63%")
India to allow pork imports from US in exchange mango, pomegranate exports
Development comes months after the two govts renewed India US Trade Policy Forum (TPF), and both nations agreed to iron out thorny issues, including market access issues pertaining to farm sector
 "India to allow pork imports from US in exchange mango, pomegranate exports")
Govt secures USDA approval for export of Indian mangoes to America
India has secured approval of the United States Department of Agriculture (USDA) for the export of domestic mangoes to America in the new season, the commerce ministry said on Tuesday
 "Govt secures USDA approval for export of Indian mangoes to America")
