In the interim Budget in February, the Commerce and Industry Ministry has recommended an outlay of Rs 3,489 crore for the Production Linked Incentive (PLI) scheme for toys to boost domestic manufacturing of the sector.
Govt steps help boost toy exports, manufacturing; more work needed: DPIIT Secretary
Indian traders have been engaging in border trade with China through the Lipulekh pass in Pithoragarh district since 1992. They are now urging the central government to address the closure of the trade route due to the Covid-19 pandemic in 2019. The traders are concerned about their stored goods in Tibet and seek the resumption […]
PV exports rise by 2.68 lakh units in last 4 years; Maruti accounts for 70 pc of incremental shipments
2 years ago
Passenger vehicle exports from India increased by 2.68 lakh units in the last four fiscal years, with Maruti Suzuki India contributing to nearly 70% of the growth.
Indian exports: How Modi 3.0 can navigate the protectionist tides in advanced economies like US and EU
2 years ago
India has transitioned from a decade of single-party rule to a new era of coalition politics, causing concern among stock market investors about potential slowdowns in economic reforms. Rising protectionist measures from advanced economies like the US and EU pose challenges for Indian exporters, with stringent regulations on products ranging from chemicals to food items. […]
Importers of pulses in India have urged the central government to impose an import duty on yellow peas due to the adverse impact of inexpensive imports on domestic market prices. Expressing worry over importers withholding significant quantities of yellow peas imports in domestic markets, the central government recently intensified stock disclosure regulations for the pulses […]
India has taken Australia to arbitration at the WTO over changes to services commitments, impacting trade. The new regulations aim to lower global trade costs by $125 billion.
Cargo traffic at major Indian ports rose by 3.75% in May to 72.04 MT, with notable growth at Visakhapatnam, Chennai, and Cochin ports, as per Indian Ports Association data.
India’s import of refined products from Russia increased by 14% in May, with naphtha imports tripling. State-run refiners brought in 77% more Russian products, but imports were lower than China and Europe.
India’s agricultural markets are under scrutiny as a new government prepares to take office, potentially impacting global food prices. Prime Minister Modi’s policies aimed at ensuring domestic supplies have influenced key crop exports. Changes post-election could affect rice, wheat, and sugar markets, with industry leaders seeking policy shifts to address supply and demand challenges.
Udupi Cochin Shipyard Limited (UCSL), a subsidiary of Cochin Shipyard Limited (CSL), has secured a new order from Ocean Sparkle Limited (OSL), an AdHarbor Services company. The order is for the construction of three 70 T Bollard Pull ASD (Azimuthing Stern Drive) Tugs, as announced by the company in a release on Friday.