Page 10 - Indian Exports

Proposed FTA with UAE to boost jewellery, engineering exports: exporters

India has started negotiations for the agreement with the UAE, which is the third largest trading partner of New Delhi.

Deduction of interest due to prepayment of usance bill is allowed: Expert

Exporters may approach AD Category-I banks for reduction in invoice value on account of cash discount to overseas buyers for prepayment of the usance bills

India's exports to ASEAN seen at $46 billion in FY22: Minister

India is likely to record exports worth $46 billion to the ASEAN region, Minister of State of Commerce and Industry Anupriya Patel said on Tuesday

Welcome rethink on FTAs

Exports can enable sustainable economic growth

Exporters want steel, pharmaceuticals sectors under RoDTEP scheme

The RoDTEP guidelines do not include sectors such as steel, organic & inorganic chemicals, and pharma under the scheme

India's exports rise nearly 40% in second week of August, shows data

Engineering goods witnessed the maximum increase during the week, owing to higher demand from US and Italy

Home textile exporters to clock 20-25% growth in FY22: Report

Home textile exporters are set to clock a 20-25 per cent growth in 2021-22 with healthy margins, according to a report.

Shifting from imports, India now exporting mobile phones worth $3 bn: PM

India used to import mobile phones worth USD 8 billion seven years ago and now the country is exporting such devices worth USD 3 billion while reducing imports significantly, PM Modi said on Sunday

Exports rise nearly 50% in July to $35.43 bn; trade deficit at $10.97 bn

Exports surged 49.85 per cent to $35.43 bn in July on account of healthy growth in petroleum, engineering, and gems and jewellery segments, even as trade deficit widened to $10.97 bn during the month

Exports may touch $1 trillion by FY28; RoDTEP rates likely by Friday: Secy

The secretary said that Indian exports have been roughly fluctuating between $290 billion and $330 billion for the last 10 years.

Exports up over 50% to $7.41 bn during August 1-7, shows govt data

The country's exports rose by 50.45 per cent to USD 7.41 billion during August 1-7, on account of healthy growth in the shipments of engineering goods, gems and jewellery as well as petroleum products, according to provisional commerce ministry data. Imports during the week too grew by about 70 per cent to USD 10.45 billion, leaving a trade deficit of USD 3 billion. Exports of engineering goods increased by 63 per cent to USD 834 million. Similarly, the outbound shipments of gems & jewellery rose by 121 per cent to USD 418 million. For petroleum products exports increased 145 per cent to USD 522 million, the data showed. However, exports of iron ore, oil meals and oil seeds recorded negative growth. Oil imports during August 1-7, jumped by about 141 per cent to USD 1.80 billion. Similarly, imports of electronic goods rose by nearly 31 per cent to USD 308 million. Gold imports during the period declined by 12.48 per cent to USD 100 million. Exports to the US, UAE and Saudi Arab ..

Govt must ask exporters how diplomats can help

The External Affairs Ministry and the Commerce Ministry should interact with the exporters and find out what they actually need from our diplomats abroad and try to meet their specific requirements

Goyal calls for increasing handloom exports to Rs 10,000 cr in three years

Textiles Minister Piyush Goyal on Saturday called for increasing handloom exports to Rs 10,000 crore and doubling the production to Rs 1.25 lakh crore in the next three years

Will handhold startups, artisans for entry into field of exports: FIEO

Apex trade promotion body FIEO on Saturday said it will handhold startups, artisans and farmers to facilitate their entry into the field of exports

India rates hit 4-1/2-year low on weak demand, logistical bottlenecks

Top exporter India's 5% broken parboiled variety quotes fell to $354 to $358 per tonne from last week's $361 to $366 a tonne.

Export fetters by China, Russia spell good news for Indian steelmakers

China has removed export tax rebates for 23 steel products. Export tax on key steel-making inputs pig iron and ferrochrome is set to rise

PM likely to address officials, heads of missions on exports on Aug 6

PM Modi is likely to address on August 6 heads of missions of different countries, senior government officials from the Centre and states and representatives of export promotion councils

RBI should ease regulations for shipment credit

Many exporters do not find it practical to send the export documents through the banks because of the extra costs and delays involved

Govt identifies items for Customs exemptions review, asks for views

Importers, exporters, domestic industry and trade associations are invited to give views on the subject for consideration by the government by August 10 on the 'MyGov.in' portal.

Diminished role for commerce ministry in export promotion may continue

With the Commerce Minister holding the additional charge of the Textiles Ministry, it is likely that more funds will be diverted to encourage exports of labour intensive textiles.