Tamil Nadu garment exporters to see 8-10% revenue growth, says CRISIL

Healthy order inflows and rising demand are expected to boost revenues of Tamil Nadu’s readymade garment exporters by 8-10% to Rs 43,000 crore this fiscal, driven by a significant export share. Improvements in operating profitability and realizations, supported by favorable government policies and stable yarn prices, will also contribute.

Indian and European regulators are working to resolve clearing house oversight issues. If not resolved by October’s end, European banks must set up provisions with Indian custodians. This dispute, triggered by ESMA’s withdrawal of recognition from Indian CCPs, might disrupt significant trading. Talks continue in a constructive manner with potential solutions being explored.

Escalating US-China trade tensions could boost India’s exports and attract American investments, as new US Senate bills may shift production away from China. India can leverage this by enhancing its manufacturing sector in electronics, textiles, and other industries, reducing reliance on Chinese products.

US-India relations are growing in trade, technology, and investment. Union Minister Piyush Goyal emphasized the importance of these ties. Recent MoU on critical minerals, regular trade forums, and high-level meetings highlight this partnership. The focus is also on reskilling technical personnel for AI collaboration. Both nations engage frequently, transcending politics.

India has approved a 101 billion rupee ($1.2 billion) initiative to double edible oil production within seven years, aiming to reduce reliance on imports. The program will boost oilseed productivity using high-yield varieties and advanced technologies, targeting a production increase from 12.7 to 25.45 million metric tons by 2030-31.

Indian manufacturing has seen slow growth under Modi’s ‘Make in India’ policy. The focus on reducing imports rather than boosting exports has led to stagnation. Export-driven sectors like mobile phones thrive, but others lag due to protectionist measures. The government needs to shift priorities to enhance productivity and global competitiveness through better logistics and public-private […]

The ongoing strike at 14 major ports in the US is causing significant delays in unloading and processing shipments from India. This impacts goods like textiles, pharmaceuticals, and auto parts. The strike could lead to higher costs and longer transit times for Indian exporters who are already facing challenges. The backlog is expected to increase […]

LDB has tracked over 75 million EXIM containers, signifying the impact of digitalization on India’s logistics. Created by NLDS, it offers container visibility across various logistics nodes. This initiative has improved India’s LPI ranking and receives over 45 lakh searches monthly, indicating its effectiveness.

The EU has proposed extending its Deforestation Regulation implementation by a year to December 2025 due to pushback from countries including India. This provides relief to $1.3 billion in Indian exports such as leather, coffee, and wooden furniture, allowing more time for compliance with the stringent requirements.

The Indian government is planning to extend its ‘trusted source’ mandate to tech devices like smart meters, parking sensors, drone parts, and laptops to tackle concerns over Chinese imports. This move aims to ensure a secure supply chain amid fears of data vulnerabilities. Import monitoring for laptops and computers has already been updated.