India has lifted the ban on onion exports after almost six months. The Directorate General of Foreign Trade set the Minimum Export Price at $550 per tonne. Onions have historically influenced India’s political landscape during elections.
Onion exports: India lifts ban on sending onions out of the country
Adani Group eyeing port in Philippines
1 year ago
APSEZ to invest in Bataan, Philippines for a 25m deep port. President Marcos supports the expansion. Strong financial performance reported with 76.87% net profit increase and significant cargo handling in India.
India dilutes pesticide norms for herbs and spices, raising MRL to 0.1mg/kg. Activists fear harm to exports. Concerns include health risks, cumulative pesticide effects, and harm from unknown pesticides on imports.
India imposes export duty of 40% on onions
1 year ago
Currently, the export of onion is banned. However, the government allows shipments to India’s friendly nations. It has permitted a specified quantity of onion exports to UAE and Bangladesh.
Uzbekistan positions itself as a regional investment hub amid reforms and a focus on the market economy, attracting foreign investments, including from India. The Third Tashkent International Investment Forum, held on May 2-3, aimed to boost investments. President Shavkat Mirziyoyev participated, along with representatives from various countries. The forum has become a platform for bilateral […]
India’s Spices Board has made testing for ethylene oxide (ETO) mandatory for all spices being exported to Hong Kong and Singapore, where authorities last month stopped sales of some products of two Indian spice brands on the ground that they contained high levels of ETO, a carcinogen. Testing has been made mandatory from May 6.
Adani Ports and Special Economic Zone (APSEZ) plans a capital expenditure of Rs 10,500-11,500 crore in FY25. Acquisition of Gopalpur Port aims to boost cargo volumes by 500 MMT. FY25 targets include 460-480 MMT cargo volumes and Rs 29,000-31,000 crore revenue. EBITDA expected at Rs 17,000-18,000 crore with net debt to EBITDA ratio around 2.2-2.5x.
Adani Ports and Special Economic Zone Ltd (APSEZ) reported a 12% YoY growth in April, handling 36.2 million MMT of cargo across most domestic ports. The growth was recorded across dry (+7% YoY), liquid & gas (+29%), and container (+14%) categories. APSEZ, part of Adani Group, is India’s largest port developer and operator.
India’s imports of electronics, telecom, and electrical products surged to USD 89.8 billion in 2023-24, with over half of these imports coming from China and Hong Kong, according to the Global Trade Research Initiative (GTRI). China dominates with a 43.9% share, highlighting India’s heavy reliance on these countries. GTRI emphasizes the need to reduce this […]
India’s path to becoming a developed country hinges on boosting exports, as demonstrated by China’s growth. Leveraging bilateral agreements and FTAs, India is expanding into new markets like Africa and Latin America. Yet, quality issues and trade restrictions pose challenges, such as recent bans on Indian spices in Hong Kong and Singapore. Additionally, green trade […]