“I am looking forward to leading the UK’s largest ever delegation to the Bengal Global Business Summit in Kolkata… I hope the summit will help British businesses to expand here and that companies from Bengal can enhance their footprint in the UK,” Alex Ellis, British High Commissioner to India, said.
UK to send ‘largest-ever’ delegation to Bengal’s marquee business summit
The extant policy does not allow FDI foreign direct investment in the inventory-based model of e-commerce. It is allowed in firms operating through a marketplace model only. Director General of Foreign Trade Sarangi said that the e-commerce stakeholders have asked the department for the promotion of industry and internal trade (DPIIT) to relook the FDI […]
“With respect to the Global South, the first need is to identify global value chains, where each of the countries could focus on not only increasing their participation but also improving the quality of their participation by moving up the value chain,” Goyal said at the second Voice of Global South Summit. He said this […]
Soyabean meal export rose to 87,060 tonnes last month from 40,196 tonnes in the year-ago period, while shipment of rapeseed meal increased to 1,69,422 tonnes from 98,571 tonnes during the period under review. “Foreign demand for Indian soyabean meal has benefited from improved price competitiveness and the shortage of Argentine export supplies in recent months,” […]
RBI permits banks to open current account for export proceeds in addition to special rupee vostro accounts
2 years ago
In July 2022, the RBI had asked banks to put in place additional arrangements for export and import transactions in Indian rupees in view of increasing interest of the global trading community in the domestic currency.
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, […]
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 […]
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.
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.
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 […]