Page 3 - Indian Export

Duty hike to hurt 90,000 tn of exports monthly: ArcelorMittal Nippon Steel

ArcelorMittal Nippon Steel India Ltd expects about 90,000 tonnes of steel exports every month to be hit by government's duty increase, alongside a dampening effect on fresh investments

Natural farming need of the hour, says NITI Aayog CEO Amitabh Kant

Addressing the 'National Workshop on Innovative Agriculture' organised by NITI Aayog, Kant further said India is now an exporter of wheat and rice

Exports of ceramics and glassware products touch $3.5 bn in FY22

Exports of ceramics and glassware products touched a "record" $3.5 billion in 2021-22, the commerce ministry said

India's overall exports touch an all-time high of $669.65 bn in FY22

Goyal said that India is now an international aligned economy and the world is our market today, not India

Nepal's decision to ban import of non-essential items may hit India hard

Nepal is India's ninth largest export destination with $9.6 billion of exports to the landlocked country in calendar year 2021

Weak local currencies rein in India, Thai export rates

India's 5% broken parboiled variety was quoted at $367 to $370 per tonne, down from last week's $371 to $378, edging lower on a depreciation in the rupee amid steady demand from key buyers

India's merchandise export set to cross $400 bn in current fiscal: Goyal

Commerce and Industry Minister Piyush Goyal has said India's merchandise exports have reached almost USD 390 billion as of March 14 and will cross USD 400 billion in the current financial year. He also said the auto components industry has, for the first time, recorded a trade surplus of USD 600 million. The minister urged automakers to buy local products and substitute imports. He said this while addressing an event of the automotive component sector on March 16 here. Goyal pointed out that India could no longer afford to be closed and protective but will have to open up domestic markets. Further, he asked the auto industry to invest more in R&D (research and development), especially e-mobility, set higher benchmarks for performance and aspire to take five Indian companies in top-50 global automotive suppliers club. "India's merchandise exports have reached almost USD 390 billion as of March 14 and will certainly cross USD 400 billion in the current fiscal," the commerce ministr

Exports of some products from India likely to be affected, says govt

Exports of certain products such as pharmaceuticals, telecom instruments, tea, coffee, and marine goods from India are likely to be affected due to the ongoing Russia-Ukraine conflict.

Govt considering relief for exporters hit by Ukraine crisis: Report

A govt official, who declined to be named, said Indian exporters are owed about $500 mn from Russia and the govt may guarantee banks' letters of credit or loans to help ease the crunch

Millets export from India to increase exponentially in coming years: Govt

India is the fifth largest exporter of millets in the world, according to 2020 data, with exports continuously increasing at around 3 per cent CAGR in the last five years ending with 2020

What is the road ahead for Indian exports; will momentum continue?

India's goal of clocking $400 bn in merchandise exports looks attainable this year. Look at the factors that are contributing to India's export growth and the risks that threaten to stall the momentum

TMS, Ep68 - Market crash, exports, EV batteries, Minimum Support Price

What are the strategies to ride market uncertainty? What is the road ahead for Indian exports? Will battery swapping catapult EVs into the mainstream? What is Minimum Support Price? All answers here

SME Chatroom: Duty drawback permitted on FOB value without bank charges

Agency commission and foreign bank charges, separately or jointly, exceeding this limit should be deducted from the FOB value for granting duty drawback, the CBIC says

India keeps global rice prices in check with record exports

The world's biggest rice exporter is heading for record shipments this year that will help to keep rising food prices in check, according to the United Nations' Food and Agriculture Organization.

India has not imposed any export ban on Covid-19 vaccines, says MEA

The 'Vaccine Maitree' initiative has been extremely successful and very well liked by our partners across the world

India's exports jump 58% to hit all-time high of $34 billion in March

India becomes a net importer in March, trade deficit widens to $14 billion

India's recession exit gains momentum on services, manufacturing

Official data on Friday is likely to show that India exited a recession in the final three months of 2020, with economists in a Bloomberg survey forecasting a GDP expansion of 0.5% from a year ago

Factory reset: Okhla MSMEs limp back, garment units still ailing

Export logistics are troubling many industries. While some are facing container shortages, others are looking at increased freight costs in key markets

Exports continue to register positive growth, up 10.3% during February 1-8

The rise was helped by strong performance by key sectors such as engineering and chemicals

Notifications on GST exemptions puzzle exporters

On January 23, 2018, the exporters were barred from exporting on payment of IGST under refund claim if the supplier to the AA holder availed IGST exemption on his imports under his AA.