Amazon is aiming to export $20 billion worth of merchandise from India by 2025 by adding thousands of small sellers to its e-commerce platform. The company has added over 100,000 small manufacturers to sell a wide range of products to overseas customers. The platform has seen 70% business growth annually for thousands of small exporters, […]
Amazon eyes $20 bln exports by 2025 from India, says company official
The KSRTC is hoping to earn Rs 100 crore in income per year through its logistics business, Reddy said. Each truck will cost the corporation about Rs 17.3 lakh, sources in the KSRTC told ET.
JSW Infrastructure receives letter of award to develop Keni port in Karnataka for Rs 4,119 cr
2 years ago
JSW Infrastructure declared its success on Thursday as the winning bidder for the development of a commercial port at Keni in Karnataka on a public-private partnership (PPP) basis. The Letter of Award (LOA) for this significant project has been issued by the Karnataka Maritime Board, Government of Karnataka, according to an official statement from the […]
India, once the ‘pharmacy of the world’, is struggling to establish itself as an elite player due to poor manufacturing practices that have led to deaths in some parts of the world, including children. The deaths of children in the West African nation of Gambia in 2022 and the deaths of 65 children in Uzbekistan […]
DHL Express opens Central Asia Hub in Hong Kong
2 years ago
“We believe that global trade matters, and it’s here to stay. We have invested more than EUR1.8 billion into our three global hubs, demonstrating our commitment to support our customers’ growth as they expand globally,” said John Pearson, CEO, DHL Express.
The gap between exports and imports widened to $31.46 billion on the back of a jump in gold imports, official data released Wednesday showed. It was at $19.37 billion in September and $26.3 billion in October last year. Gold imports rose 95% to $7.23 billion last month.
IPEF has 14 members, including India, Australia, the US, Japan, Fiji, South Korea, New Zealand, Singapore and Thailand, representing 40% of the global gross domestic product and 28% of the global trade in goods and services.
If the rupee depreciates about 10% and the import content in the product being exported is 20%, the net gain to exports would be 8%, said industry experts. “One can also get the benefit while negotiating contracts. If an exporter hasn’t hedged, then they would get windfall gains during the period of depreciation, but most […]
The ‘rules of origin’ provision prescribes minimal processing that should happen in the FTA country so that the final manufactured product may be called originating goods in that country. Under this provision, a country that has inked an FTA with India cannot dump goods from some third country in the Indian market by just putting […]
Comm min expects to issue 20,000 status holder certificates to exporters this year: DGFT
2 years ago
The DGFT Regional Offices are supposed to issue the certificate in three days. Under the new arrangement, no applications are invited from exporters, and the certification is granted every year in August based on annual export figures available with the partner government agency – DGCIS.