Page 6 - Exports

Exports to take severe beating if recession hits US, Europe: Experts

The US economy declined for the second-straight quarter from April to June

India makes cautious reaction to Russia-Ukraine grain exports deal

In a guarded reaction to the UN-brokered grain exports agreement between Russia and Ukraine, India on Thursday said it would be welcomed by all if the understanding helps in getting more food grains

2-wheeler makers accelerate global expansion plans as exports gain traction

The domestic slowdown and growing acceptability of Made-in-India brands offer opportunities to accelerate the drive to global markets

Internationalisation is the priority

Indian firms need to engage with global peers in their production reconfiguration

Russia, Ukraine sign deal to resume grain exports to international markets

Russia and Ukraine separately signed a deal in Istanbul with Turkiye and the United Nations to resume grain shipments from Ukrainian ports to international markets via the Black Sea

J-K exports can increase 3 times in next 5 years, says LG Manoj Sinha

Lieutenant Governor of Jammu and Kashmir, Manoj Sinha, launched the first District Export Plans on Friday in the presence of Union Minister of State for Commerce and Industry Anupriya Patel.Speaking at the event, held at Sher-i-Kashmir International Conference Centre on the banks of Dal Lake, said that efforts are being made to ensure every district from the northern state exports something or the other."We will try to export from every district of Jammu and Kashmir in the coming time. We are running with a target that we can increase exports by 3 times in the coming 5 years," said Sinha.The initiative has been taken up with an aim to provide a platform for all stakeholders of industries, and commerce including horticulture, art and craft."With a vision to convert all 20 districts into an export hub, J & K UT unveiled its District Export Plans in presence of Hon'ble Union MoS, Commerce and Industry Anupriya S Patel. The region possesses several comparative advantages like climate,

India's trade with crisis-hit Sri Lanka 'at standstill': Exporters

Exporters are very cautious because of the political crisis and payment issues: FIEO Vice-Chairman Khalid Khan

Exports likely to record reasonable level of growth in 2022-23: Goyal

The country's exports are likely to register a "reasonable level" of growth in the current financial year despite the global uncertainties on the trade front, Minister Piyush Goyal has said

Nepal exports over 3,000 sacks of cement to India for first time

For the first time, Nepal has started exporting cement to India

States must push farmers to up sowing to boost exports: Piyush Goyal

Goyal told state governments that there is no shortage of funds with the Centre for settling old food subsidy claims but the delay was because states are not filing their claims with proper documents

Bangladesh's exports hit all-time high of over $52 bn in FY 2021-22

Bangladesh saw exports soar more than 34 per cent to $52.08 billion in the 2021-22 fiscal year (July 2021-June 2022), official data showed

Export duty on steel and petro products to hit corporate earnings in FY23

Metals & oil firms together saw profit of Rs 3.05 trn in FY22

Finance Ministry hopes cess will not hit petroleum exports in FY23

The ministry imposed cess on petroleum products of Rs 6 a litre, Rs 13 per litre and Rs 6 on petrol, diesel and ATF exports, respectively, to improve domestic fuel supply and garner additional revenue

SII gets govt nod to export 3.24 mn doses of Covovax vaccine to US

COVID-19 jab Covovax will be the first vaccine to be exported to the country, under the brand name Nuvaxovid, by any Indian manufacturer, official sources said on Friday

TVS Motor Co reports 22% rise in total sales at 308,501 units in June

Total two-wheelers sales grew 23 per cent last month at 2,93,715 units as against 2,38,092 units in June 2021, it added.

War, US inflation impact: Export demand from big partners may taper off

Demand for items, such as steel, apparels, leather, iron ore has been lukewarm from some of India's largest export partners, such as the United States (US), European Union (EU)

PM Modi urges industry to set up long-term export targets, 'double efforts'

Despite disruptions in the global economy, India's goods and services exports stood at $670 billion and exceeded the $400-billion target for merchandise export alone, he said

PM calls for collective efforts from exporters to achieve long-term targets

Prime Minister Narendra Modi on Thursday appealed to exporters and the industry to fix long-term export targets for themselves and suggest ways to the government to achieve those figures

Wheat exports reach 3 mn tn; govt considering requests from other nations

On plans to ban wheat flour (atta) export, Food Secretary Sudhansu Pandey said the government is monitoring the situation and would take steps at appropriate time.

Bangladesh tries to secure wheat from Russia as India stops exports: Report

The supply deal with Russia, the world's biggest wheat exporter, could help Dhaka in meeting its needs below the elevated global prices, industry officials said.