TVS Supply Chain Solutions Ltd has successfully delivered five lakh completely knocked down kits to TVS Motor Company from its warehouse in Hosur, Tamil Nadu. Managing Director Ravi Viswanathan highlighted the achievement, attributing it to the company’s digital capabilities and value-added services. The facility ensures defect-free dispatches and employs 200 people, including 30 women.
TVS Supply Chain Solutions reaches significant milestone at Hosur facility
India is reviewing its trade pact with Asean to address anomalies like the inverted duty structure disadvantaging local manufacturers. Measures such as production-linked incentive schemes, import tariffs, and import monitoring are in place to tackle the trade deficit.
Substantial convergence in India-Peru Trade Agreement negotiations during the seventh round, covering various topics like trade in goods and services. Peru emerged as India’s third-largest trading partner, setting the stage for future collaboration.
Majority of principal commodities exported to China record positive growth in 2023: Comm Min data
2 years ago
India’s exports to China have seen a positive growth in 90 principal commodities, including iron ore, telecom instruments, and electronic components, in 2023, accounting for 66.7 per cent of the country’s export basket. Four commodities, iron ore, cotton yarn, spices, and processed minerals, saw improvements of over $100 million in exports.
Global Trade Research Initiative (GTRI) predicts a 1.2% decline in the value of global merchandise trade due to geopolitical uncertainties. The US dollar value of world merchandise trade fell 5% in 2023 to USD 24.01 trillion, but this was mostly offset by a strong increase in commercial services trade, which rose 9% to USD 7.54 […]
Imports of soyoil rose 26.4% to 218,604 tons, those of sunflower oil were up about 50% at 445,723 tons, while total vegetable oil imports gained over 23% to 1.2 million tons, the Solvent Extractors’ Association of India (SEA) said.
Global trade to pickup in 2024: WTO
2 years ago
India clocked $451 billion goods export in FY 23 and $394.99 billion in April-February FY24. In its latest Global Trade Outlook and Statistics report, India’s share of global goods exports was 1.8% in 2023 and imports was 2.8%. In digitally delivered services, India’s share rose to 6% in 2023 from 4.4% in 2019. In global […]
In February, China and India remained primary destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports, as they sought alternatives to crude oil. Russia redirected most of its fuel oil and VGO to Asia following the EU’s oil embargo. Seaborne exports to India and China increased, while shipments to Turkey declined.
New Delhi is concerned over Western ban on rough diamond imports from Russia, the world’s biggest diamond producer and the biggest source of raw material for India’s thriving polished diamond industry located in Surat.
In February, India’s silver imports skyrocketed by 260%, reaching a record high, largely from the UAE due to lower duties. With imports expected to rise by 66% this year, India, the largest silver consumer globally, may influence international prices, which are already near three-year highs. Increased demand stems from various sectors, including fabrication and solar […]