India’s Directorate General of Trade Remedies initiates probes into alleged dumping of nylon filament yarn from China and Vietnam, and TDQ from China. Century Enka, Gujarat Polyfilms, and Oriilon India, alongside NOCIL Ltd, filed applications. If dumping is confirmed, anti-dumping duties will be recommended to protect domestic industries.
India initiates anti-dumping probes into imports of two Chinese products
Gradual recovery in developed markets, focus on key products boost export prospects for 2025
10 months ago
India’s export sector is poised for growth in high-value areas like machinery and electronics despite global uncertainties. The commerce ministry is formulating strategies to boost exports, with a focus on 20 key countries. Additionally, a potential shift in US trade policies under Donald Trump could present new opportunities and challenges.
The Indian rupee’s 2.34% depreciation against the US dollar from December 2023 to December 2024 is expected to increase India’s import bill by about USD 15 billion. Gold and industrial goods imports from China, priced in USD, will be significantly affected, while a 5% drop in Brent crude prices mitigates some of the impact on […]
Exporters requested a ₹750-crore marketing fund over three years to leverage a $25-billion export potential in the US, and a higher cap for interest subvention under export promotion schemes. They sought support amid declining goods exports and aimed to capitalize on opportunities from potential high US tariffs on Chinese goods.
India has imposed a six-month import restriction on low ash metallurgical coke from January 1, 2025, limiting imports from countries including Australia, China, and Russia. Import authorisation from DGFT is required, with country-specific quantitative restrictions in place during this period to ensure controlled imports within the specified limits.
The government imposes six-month import restrictions on low ash metallurgical coke starting January 1, 2025, including quantitative restrictions for specific countries. Imports allowed only with DGFT authorization. QR monitored quarterly, applicable for January-March and April-June 2025. High ash content coke is exempted from this restriction.
India-US critical mineral partnership step forward, China nods to some fish imports: Govt
10 months ago
India’s MoU with the US on critical minerals is viewed as progress, particularly for the EV sector, and aims to eventually qualify for benefits under the US Inflation Reduction Act. The agreement intends to boost investment and manufacturing in India. Additionally, ongoing FTA negotiations and trade expansions with countries like China and Russia are mentioned.
Vizhinjam Port welcomes its 100th commercial vessel
10 months ago
Vizhinjam Port in Kerala celebrated its 100th commercial vessel, MSC MICHELA, arriving on Christmas Day. The vessel, flying the Portuguese flag, docked at 1:30 PM with a length of 299.87 metres and a draft of 12.5 metres. It came from Mumbai and will head to Shanghai after unloading containers. This marks a significant milestone for […]
Depreciation of rupees helps exports more than an appreciating currency helping in imports: RBI study
10 months ago
Depreciation of the Rupee benefits India’s exports more than appreciation benefits importers, according to an RBI study. The Real Effective Exchange Rate indicates improved trade balance with Rupee depreciation and deterioration with appreciation. The study analysed 40-currency and 6-currency REER indices, reflecting dynamic patterns of India’s trade.
Trump tariffs: Exporters are discussing with the government to capitalize on potential opportunities in the US market, especially in sectors like textiles, leather, chemicals, electronics, auto parts, and toys. Increased financial support and promotion in the US market are recommended to take advantage of the changing trade dynamics favoring India over China.