Business

21.7% of GDP is Exports

The share of India’s total exports (Good & Services) to GDP was 18.7% in 2020-21, which is already above 15 percent. Exports have performed remarkably well in the current financial year with the share of exports to GDP at 21.7 percent in the first half (April to September) of 2021-22. […]

Business

KVIC to begin Pashmina production soon in Varanasi

The globally acclaimed Pashmina wool products, which are indigenous to the high altitude regions of Leh-Ladakh and Jammu & Kashmir, will now be made in Varanasi also. In a path breaking initiative, Khadi and Village Industries Commission (KVIC) has roped in 4 Khadi Institutions from Varanasi & Ghazipur districts in Uttar Pradesh for processing Raw Pashmina wool and weaving it further into woollen fabric […]

Agriculture & Commodities

Export Oriented Policies of Government have created eco-system for export led growth

This is the right time to increase our exports – says MoS Finance Bhagwat Karad; Assures all support from Banks at the Banking Conclave on Exports in Mumbai; “Export Oriented Policies of Government have created eco-system for export led growth” – Minister […]

Agriculture & Commodities

APEDA organised 75 programmes for farmers in Basmati growing states

For boosting exports of quality production of aromatic and long grain Basmati rice, the Agricultural and Processed Food Products Export Development Authority (APEDA)’ arm Basmati Export Development Foundation (BEDF) has taken innovative steps to sensitize farmers involved in the cultivation of Basmati rice in the key growing regions about adoption of good agricultural practices. […]

Agriculture & Commodities

Indian exports for Sep 21 sees USD 54.06B

India’s overall exports (Merchandise and Services combined) in September 2021* are estimated to be USD 54.06 Billion, exhibiting a positive growth of 21.44 per cent over the same period last year and a positive growth of 26.03 per cent over September 2019. Overall imports in September 2021* are estimated to be USD 68.49Billion, exhibiting a positive growth of 70.00 per cent over the same period last year and a positive growth of 44.11 per cent over September 2019. […]

Business

Exporters to get immense support from the government going ahead

Services Export Promotion Council in co-ordination with Government of Karnataka organized Vanijya Utsav as part of the Azadi ka Amrit Mahotsav in Bengaluru which saw experts talking about various opportunties available for Exporters to explore international markets and the programmes, schemes and other policies available for them […]

Agriculture & Commodities

Paradeep Port Trust gets New Container Scanner

Under Ease of Doing Business (EoDB) initiative, a Mobile X-Ray Container Scanning System (MXCS) has been installed by Paradeep Port near the PICT Terminal at a cost of Rs 30 crore for the purpose of reducing physical examination and dwell time of containers at the Port. After successful Trial Run of the MXCS, the Atomic Energy Regulatory Board (AERB) has issued license on 27th August, 2021 to Paradeep Customs for its regular operation […]

Agriculture & Commodities

Govt releases 56,027Cr against various export related claims

Government Provides Big Boost to Exporters; Rs. 56,027 crore is going to be released under various Export Promotion Schemes such as MEIS, SEIS, RoSL, RoSCTL, other scrip based schemes relating to earlier policies and the remission support for RoDTEP and RoSCTL for exports […]

Business

FTAs with several countries soon: Piyush Goyal

-“We are fast progressing on our discussions on FTAs with several countries like UK, UAE, GCC countries, Australia and European Union” – Shri Goyal
-India and US have agreed to aspire for $500 bn trade in near future – Shri Piyush Goyal
-Traders & Exporters are the twin pistons powering the economic growth engine of the Nation: Shri Goyal
-New India will be built on mantra of ‘Sabka Saath, Sabka Vikas, Sabka Vishwas & Sabka Prayas’: Shri Piyush Goyal
-Every growth parameter is showing extremely exciting future for all of us: Shri Piyush Goyal
-Union Minister Shri Piyush Goyal addresses business and trade fraternity through the platform of Jain International Trade Organisation (JITO) […]

Agriculture & Commodities

Industry Associations to play a key role in achieving target of $400B merc exports

Shri Piyush Goyal engages with Industry Associations to ensure all avail benefit of great growth opportunities.; says Industry Associations to play a key role in achieving target of $400 billion merchandise exports in 2021-22; India developing a SAFE ecosystem i.e. Sustainable, Agile, Futuristic & Efficient to make India a Global Hub of manufacturing […]

Agriculture & Commodities

Piyush Goyal Meets Export Community, sets target of $2 Trillion Exports By 2030

Union Commerce & Industry Minister Piyush Goyal Meets Export Community, Discusses Measures To Boost Exports; Minister Exhorts Exporters To Rise To The Ambitious Challenge Of $400 Billion Export Target For 2021-22.And Target $2 Trillion Exports By 2030; Commerce Minister says “We Can Sort Out Ftas Fairly Quickly, If The Areas Where We Have The Ability To Compete Internationally Can Be Identified. We are Working Towards Early Harvest Agreements With Uk And Australia” […]

Business

Global level market for MSMEs

Ministry of Micro, Small and Medium Enterprises (MSME) through its MSME-Development Institutes (DI) situated in all States, facilitates MSMEs to export from Domestic Tariff Area (DTA) and Special Economic Zone (SEZ). […]

Agriculture & Commodities

APEDA collaborates with Ladakh officials for boosting unique agricultural produce

Forgiving boost to exports of agricultural produce from Ladakh, which would enhance farmers’ as well as entrepreneurs’ income, APEDA in association with officials of the horticulture, agriculture, commerce and industry departments of Union Territory and Defence Institute of High-Altitude Research (DIHAR) are working out a comprehensive plan of actions. […]

Business

BEDF organizes awareness creation program

The Agricultural and Processed Food Products Export Development Authority (APEDA)’ arm Basmati Export Development Foundation (BEDF) has taken an innovative step to sensitize farmers involved in the cultivation of Basmati rice. […]

Finance

IFSCA to setup International Trade Finance Services

IFSCA has issued a framework for Setting up and operating International Trade Finance Services Platform (‘ITFS’) for providing Trade Finance Services at International Financial Services Centres (‘IFSCs’). The framework will enable Exporters and Importers to avail various types of trade finance facilities at competitive terms […]

Business

India aspires to become number one in fish export

COVID-19 might prove to be a game-changer for India’s fisheries sector; Calls for raising awareness about the nutritional benefits of fish; Calls for bridging the gap in demand and supply of the annual fish production in India; Shri Naidu emphasizes the need for enhancing the access to credit, developing infrastructure and market linkages for fisheries sector; India should aspire to become number one in the export of fish; Calls for diversification of Indian mariculture through innovative products such as nutraceuticals and ornamental fish; Expresses concerns over the pollution of marine and freshwater and over-fishing with mechanized trawling; Asks municipal bodies to create clean and attractive fish markets; Need to explore the waters once again to feed our own people and emerge as a leader and net security provider in the region- Vice President;Vice President visits CMFRI and CIFT in Visakhapatnam, and interacts with the scientists & staff; Your R&D should translate into improving the lives of fishermen – Vice President tells scientists […]