Page 3 - Exports

Finance ministry increases 'risk profiling' of shipments from China

Govt taking steps to address possible cases of under-invoicing

China's trade tumbles sharply in Dec, clouds 2023 growth outlook

Exports contracted 9.9 per cent year on year in December, extending a 8.7 per cent drop in November

7 mn people laid off in Pakistan textile industry amid dwindling exports

Representatives of the value-added textile associations said the current government does not have any policy to end the various crises affecting textile producers and exporters

iPhone exports from India doubled to surpass $2.5 billion in April-December

While India makes up just a fraction of iPhone output, rising exports bode well for Prime Minister Narendra Modi's plan to make the country an alternative to China as factory to the world

Indian economy in a relative 'bright spot', must leverage exports: IMF

India's headline inflation moderated to an 11-month low 5.88% in November from 6.77% the month before

Maruti Suzuki India logs 28% rise in exports at 263,068 units in 2022

Maruti Suzuki India on Tuesday reported a 28 per cent rise in exports at 2,63,068 units in 2022, its highest ever overseas shipments. The company's previous highest exports was achieved in 2021 with 2,05,450 units. The highest exported models in 2022 were Dzire, Swift, S-Presso, Baleno and Brezza, the company said in a statement. "Crossing the 2 lakh milestone in exports for the second consecutive year signifies the trust, quality, reliability, performance, and affordability of our products," Maruti Suzuki India Ltd (MSIL) Managing Director & CEO Hisashi Takeuchi said. He further said, "this achievement further aligns with our strong commitment to the government of India's 'Make in India' initiative to manufacture products to delight global customers." The company said in 2022, it exported more than double the volume it exported in pre-COVID year 2019, which stood at 1,07,190 units. In 2020, its exports had declined to 85,208 units due to the pandemic and supply chain ...

November exports to key markets bounce back after October dip

Exports had recovered in November to grow at 0.59 per cent from a 12 per cent contraction in October

PM's vision for 2023 is mobile phone exports of Rs 1 trn: R Chandrasekhar

Prime Minister Narendra Modi's vision for 2023 is to have mobile phone exports with the segment featuring in the top 10 export category from India, Minister of State for Electronics and IT Rajeev Chandrasekhar said. While speaking with PTI, the minister said that the government will take all the measures that are required for boosting the electronics manufacturing ecosystem in the country and in 2023 will look at widening the manufacturing base beyond mobile phone manufacturing. "PM Narendramodi Ji's vision for 2023 is mobile phone exports worth Rs 1 lakh crore, with mobile phones featuring in the Top 10 exported category," Chandrasekhar said. Mobile phone exports from India was around Rs 45,000 crore which was dominated by Apple and Samsung. The minister said that the government is working to broaden the electronic manufacturing ecosystem beyond mobile phones to increase global share in hearables and wearables segment, IT hardware, electronic components etc. As per a study by ...

PPE kits, masks, other Covid preventive products' exports under Govt radar

The government has started close monitoring of exports of products used to deal with Covid infections such as PPE kits, masks, ventilators and certain medicines like paracetamol on account of rising infections in various countries, including China, an official said. The move is aimed at dealing with any possible emergency situation on account of a spurt in coronavirus cases. "We are keeping a close watch on exports of all these products. We are monitoring the situation to take appropriate decisions, though the situation at present is not alarming. We should be prepared for everything and for that our domestic requirement should be ready, the official said. We have started collecting data on a daily basis for monitoring purposes for products like PPE kits, syringes, gloves, certain medicines like Remdesivir and paracetamol, the official added. The issue came up at a recently held inter-ministerial preparatory meeting attended by senior officials from different ministries including .

Appliances, consumer electronics sector aim for double-digit growth in 2023

Bolstered by premiumisation trends, pent-up demand and policy initiatives, the country's appliances and consumer electronics sector expects to continue on the double-digit growth trajectory in 2023, as companies seek to expand capacity and roll out new-age smart products. Learning the hard way in the wake of the global supply chain disruptions caused by the coronavirus pandemic and prolonged lockdown in China, leading companies in the sector are focusing on enhancing production capacity as well as domestic supply chain to reduce dependence on imported components. All said, geopolitical developments and rupee depreciation could have an adverse impact on companies. Appliances & Consumer Electronics (ACE) industry body CEAMA is "optimistic about good growth in 2023 as well" and expects to almost double the value of the industry in the next three years to Rs 1.48 lakh crore by 2025, as well as make the country an alternative hub for exports. In 2022, ACE industry logged an overall ...

UP to develop dry ports, freight con­tainer stations to boost exports

The government has said it would also leverage the Varanasi-Haldia inland waterway to catalyse exports

India to face export shocks from global recession: BFSI economists' panel

While two of the eminent panelists - Ghosh and Nayar - said they expect a pause in the monetary cycle by the MPC, Chakraborty, Sagar, and Kapoor said the MPC could still hike by 25-50 basis points

Covid fears in China may have cascading impact on India's exports, imports

The importance of China as India's top trading partner cannot be understated

India's consumer good shipments to Russia rise for 2nd month in Oct: Govt

During October, India exported goods worth $280 million, up 3.7 per cent as compared to a year ago, led by demand for items such as vegetables, tea, coffee, chemicals as well as iron and steel product

Sugar output up 5%; mills contract for 4.5-5 mn tonnes exports so far

Sugar production has increased 5 per cent to 82.1 lakh tonnes between October 1 and December 15 period of this marketing year, while mills have contracted to export 45-50 lakh tonnes of sweetener, industry body ISMA said on Monday. Sugar marketing year runs from October to September. The production of sugar stood at 77.9 lakh tonnes in the corresponding period of the 2021-22 marketing year. "As per port information and market reports, about 45-50 lakh tonnes of contracts for export of sugar have already been entered into so far. Out of that, about 6 lakh tonnes of sugar have been physically exported out of the country up to 30th November," Indian Sugar Mills Association (ISMA) said in a statement. Market reports suggest that another 8-9 lakh tonnes of sugar is in pipeline to be exported in December, thereby total exports by the end of this month could be around 15 lakh tonnes. India exported a record 111 lakh tonnes of sugar in 2021-22 marketing year. In November, the government

India will aim to achieve $100 bn export target for textiles by 2030: Goyal

Citing the case of the FTA negotiations with the United Kingdom, Goyal said the country had a 9 per cent duty on different items and if that goes away, it will benefit the sector, he said

Expand PLI scheme for electronics inputs and components, ICEA tells Centre

The organisation has projected that components and sub-assemblies could provide a $100-billion export opportunity in the next five years

World's play store: India scripts a local toy story, turns a net exporter

India is likely to extend the production-linked incentive (PLI) scheme to domestic toy manufacturers after Chinese toys were found to be "unsafe"

Centre extends RoDTEP to more sectors, but refund woes remain

Exports under advance authorisation scheme and by export-oriented units, units in special economic zones and manufacturing goods in bonded warehouses are excluded from the scheme

Five questions for 2023

These questions will shape the world economy in the new year, and matter to India