The India Cellular and Electronics Association (ICEA) has announced the establishment of an Indo-US task force for electronics with the aim of increasing trade between the two countries to $100 billion over the next decade. The task force will focus on boosting trade, promoting innovation, creating jobs, and strengthening the partnership between India and the […]
Indo-US task force set up to elevate electronics trade to $100 bln in next decade
India’s exports increased despite recession, registering lowest inflation, says Piyush Goyal
3 years ago
India’s exports from Coimbatore have increased to $776 billion USD from $500 billion USD in just two years, despite challenges such as the recession and the Russia-Ukraine war, according to Union Commerce and Industry Minister Piyush Goyal. He attributed this growth to the efforts of Prime Minister Narendra Modi and the cooperative federalism between the […]
India has asked the U.S. to allow the release of $26 million belonging to at least two Indian diamond firms that was frozen due to their alleged trade links with sanctioned Russian diamond major Alrosa. The freeze is the first known punitive sanctions measure against any Indian business since Russia’s full-scale invasion of Ukraine last […]
The world’s top exporter agreed to sell 79,000 tons of non-basmati white rice to Bhutan, 50,000 tons to Singapore and 14,000 tons to Mauritius, according to a commerce ministry notification late Wednesday. India said last month it would allow for exports of the variety if asked to meet the security needs of other countries.
The commerce and industry ministry has recommended imposing anti-dumping duty on toughened glass for home appliances imported from China. The duty would range from $41.8 to $243 per metric ton, depending on the thickness and area of the glass. The recommendation was made by the Directorate General of Trade Remedies (DGTR) after finding evidence of […]
Basmati rice exporters in India are in negotiations with global buyers to secure prices above $1,200 per tonne for new orders. The exporters plan to adjust the prices against future orders once the temporary halt on basmati rice exports is lifted. The Indian government implemented the halt to prevent the illegal shipment of white non-basmati […]
Government likely to extend export benefits under RoDTEP scheme for pharma, steel, chemical sectors
3 years ago
“As exports are not doing good for the last few months, there is a demand to extend it for about six months till March 2024. It is under consideration. We may extend it,” the official said. These three sectors were late entrants into the scheme that aims to refund duties, taxes and levies at the […]
India has allowed the export of non-basmati white rice to Bhutan, Mauritius, and Singapore. The Directorate General of Foreign Trade has allocated export quotas for these countries, with 79,000 metric tons to Bhutan, 50,000 tons to Singapore, and 14,000 tons to Mauritius.
India has allocated export quotas of non-basmati white rice to Bhutan, Mauritius, and Singapore. Bhutan will be allowed to export 79,000 metric tonnes, while Singapore and Mauritius will receive quotas of 50,000 tonnes and 14,000 tonnes, respectively.
Commerce and industry minister Piyush Goyal highlighted the challenges faced by the Indian economy, including geopolitical tensions, inflation concerns, and slowing growth. He emphasized the need for focusing on the value, volume, and quality of exports. Goyal stated that India aims to unlock new markets through free trade agreements, collaborations with other countries, and investments […]