India Expands Export Reach, Enters New Global Markets
India has penetrated new export markets not served earlier, with growing global acceptance of quality products, says Additional Secretary Yashvir Singh. Exports hit record highs.
Category : Trade & Export
Tamil Nadu Lorry Owners Hike Freight Rates by 25%
The Tamil Nadu Lorry Owners’ Association (TNLOA) has decided to increase freight rates by 25% from June 15 due to rising diesel prices. The decision was announced after an executive committee meeting in Namakkal.
McLaren to Slash Prices by Rs 3 Crore in India
McLaren is set to reduce prices across its India lineup by over Rs 3 crore, following the India-UK Free Trade Agreement. Customs duties on British cars will drop from 110% to 30%, then to 10% over five years.
Nepal Restricts Mango Imports from India Over Pesticide Concerns
Nepal has imposed restrictions on mango imports from India due to high pesticide residues and poor quarantine infrastructure. The move benefits local growers but raises concerns about supply shortages and price hikes.
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Piyush Goyal meets EY CEO, discusses supply chain role
Union Minister Piyush Goyal met EY Global Chair Janet Truncale to discuss India's growing role in global supply chains and investment opportunities in Global Capability Centres.
DPIIT Lucknow Workshop: Leverage FTAs for Export Growth
DPIIT held an industry outreach workshop in Lucknow, urging businesses to leverage free trade agreements, focus on export-oriented manufacturing, and participate in ease of doing business initiatives.
Chandigarh Agri Licence Reform: No Bank Guarantee, 10-Year Validity
UT administrator Gulab Chand Kataria approved abolishing bank guarantee and cash security for agricultural licences, extending validity from 3 to 10 years to ease business.
India's Gem Jewellery Exports Have Huge Untapped Potential in FTA Markets
India's gem and jewellery exports to FTA partner countries are only USD 8 billion against imports of USD 55 billion, indicating vast untapped potential. Rajasthan is well-positioned to benefit.
Goa Mining to Gain Momentum After Monsoon with 9 Blocks
Goa's mining sector gears up for post-monsoon revival as GSPCB grants consent to nine companies for 7.5 MTPA exports, with total extraction capped at 20 MTPA.
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Youth Dies in Head-On Collision on Alibag Highway
Nayan Patil (28) died instantly when his SUV collided head-on with a trailer on the Vadkhal-Alibag highway after returning from Mumbai celebrations. Driver arrested.
CAO Warns Dealers Against Tagging Products with Urea
Chief Agriculture Officer Dr Jaswinder Singh warns fertiliser dealers against tagging other products with urea, urges transparency and timely supply to farmers.
India Textile at Inflection Point to Reclaim Global Market Share
A report says India's textile sector is at an inflection point, with potential to reclaim global market share through policy support, sustainability, and technology adoption.
APEDA Exports First GI-Tagged Tezpur Litchi to Dubai
APEDA facilitates the first export of GI-tagged Tezpur Litchi from Assam to Dubai, boosting international market access for North Eastern agricultural products.
Piyush Goyal Hails Tezpur Litchi Export to Dubai
Union Minister Piyush Goyal welcomed the first export of Assam's GI-tagged Tezpur litchis to Dubai, boosting farmers' income and global recognition for Northeast India's agricultural products.
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India's Goods Exports Rise 15% in May Driven by Oil and Other Sectors
India's goods exports grew 15% in May, driven by petroleum products and other industries. Excluding oil, exports rose 11%. Trade deficit hit a three-month high of $28.3 billion.
Centre sets up mega leather clusters in 4 states to boost exports
The Centre is establishing mega leather, footwear and accessories clusters in Muzaffarpur, Sitapur, Raigad, and Ranipet with Rs 898 crore investment to boost exports. The clusters have attracted Rs 2,000 crore investments so far.
Chandigarh Seizes 35,000 Smuggled Liquor Bottles
The excise department in Chandigarh seized 35,000 liquor bottles being smuggled, with 1,439 found in a vehicle and 34,608 in a godown. An FIR has been filed.
Sigma Systems Wins $21.97M Export Order for Shell Bodies
Hyderabad-based Sigma Advanced Systems bags $21.97 million export contract to supply 40,000 units of 155 mm M107 artillery shell bodies to a North American customer, boosting India's defence manufacturing.
Chhattisgarh Investor Connect in Hyderabad on June 12
Chhattisgarh government will hold an 'Investor Connect' program in Hyderabad on June 12, in partnership with CII, to attract investments from Telangana and South India.
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Sigma Advanced Systems Secures Rs 208 Crore Export Contract
Sigma Advanced Systems bags Rs 208 crore export contract for artillery shell bodies, driven by global demand for high-quality ammunition components at scale.
India-UK Talks Progressing on Trade Pact Issues: Official
India and UK are advancing discussions to resolve outstanding issues for the implementation of a free trade agreement, with a JETCO meeting expected later this month in Britain.
Unlocking the Mango Economy: India's Fruity Treasure
Indian mangoes like Alphonso, Sindhura, Banganapalli, and Langra are economic powerhouses. This article explores their potential beyond being mere fruits.
Himachal Horticulture Sector Set for Export Push
The Union Commerce Ministry announced a new strategy to boost exports of Himachal Pradesh's horticulture products, including organic fruits and processed items, with focus on logistics and cold-chain infrastructure.
Assam Valley Fertilizer MD Inspects Namrup Project Progress
Siba Prasad Mohanty, MD of Assam Valley Fertilizer and Chemical Company, visited the Namrup site to review progress of the Rs 10,600 crore Ammonia-Urea Fertilizer Project, stressing timely execution.
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Malda's Himsagar Mangoes Face Export Setback Due to Spots
Continuous rain and high temperatures have caused dark spots on Malda's Himsagar mangoes, threatening exports. Exporters report many fruits may fail quality standards, impacting overseas shipments.
Goa Dairy Feed Hike: FPO Directors Threaten Resignation
Directors of Goan Seed Farmers Produce Organisation threaten to resign over Rs 4/kg hike in cattle feed rates by Goa Dairy. Resignations deferred after assurance.
Double-Decker Corridor Saves Rs 169 Crore for Bengaluru Rail
K-Ride's innovative double-decker corridor plan at Benniganahalli saves Rs 169 crore, avoids land acquisition, and integrates Metro and suburban rail systems in Bengaluru.
Nashik Onion Procurement at Guaranteed Prices from June 8
Nashik collector directs Nafed and NCCF to start onion procurement at guaranteed prices from June 8 across all market committees to support farmers and stabilize prices.
India Acts on Banned Antibiotics in Shrimp Exports
Nearly 43% of Indian shrimp export rejections by US, EU, and Japan in 2023 were due to banned antibiotics. India's drug regulator orders stricter enforcement and monitoring.
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Indian mango varieties showcased at Seattle tasting event
A tasting event in Seattle featured seven Indian mango varieties, including Alphonso and Kesar, with Costco and officials present. Exports to the US have grown to $10 million in 2023-24.
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