Tag: Exports
17 Results
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Minister tells states to help increase farm earning
'Farming can become profitable if small and marginal farmers were given access to technological solutions and research.'
July 8, 2019 -
Mahindra wants to make South Africa hub for its exports in the continent
Arvind Mathew, Chief of International Operations at Mahindra & Mahindra, joined Rajesh Gupta, CEO of the company's local subsidiary, Mahindra SA, on Friday to launch two models in the 7500 series and three in the 6000 series of its tractors from its farming equipment range, which are very popular in India and several other countries.
May 4, 2019 -
Exports likely to touch $350 bn in current fiscal: Suresh Prabhu
"Despite increasing global protectionism, exports will continue to register healthy growth rates and is expected to touch $billion in the current fiscal (2018-19)," he said
July 25, 2018 -
Gems and jewellery exports dip 8 pc in 2017-18
The country's gems and jewellery exports contracted by 8 per cent to about USD 32.72 billion in 2017-18 owing to demand slowdown in major markets, including the US.
April 29, 2018 -
India exports record 3.95 lakh tonnes of coffee in FY18
Coffee exports from India, Asia's third-largest producer and exporter, reached an all-time high at 3.95 lakh tonnes in the 2017-18 fiscal on strong demand for instant coffee, according to state-run Coffee Board.
April 19, 2018 -
Vegetable, fruit exports dip by 15 per cent
Exports of fresh fruits and vegetables have slumped by 15 per cent in terms of revenue during April-November 2017, apart from a substantial dip in the export of pulses and wheat. Low demand and supply of onions, tomatoes, bananas and raisins to the top exporting markets was the major contributing factor, said Agricultural and Processed …
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January 27, 2018 -
Floor price for onion exports reduced by USD 150 a tonne
The government has reduced the minimum export price (MEP) of onion by USD 150 per tonne with prices of the kitchen staple moderating. The MEP for onion, the floor price below which exports are not allowed, has been reduced to USD 700 per tonne from USD 850 fixed in November, as per the commerce ministry. …
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January 21, 2018 -
Commerce Min for slashing gold import duty in Budget
The commerce ministry has pitched for reduction in import duty on gold in the forthcoming Budget with an aim to promote gold jewellery exports, a senior government official said. The Gems and Jewellery Export Promotion Council (GJEPC) has demanded cut in import duty on gold to 4 per cent from the current 10 per cent. …
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January 15, 2018 -
‘Bengal’s exports could touch Rs 80K cr by 2019-20’
West Bengal expects its exports to touch Rs 75,000 crore to Rs 80,000 crore by 2019-20, a Minister said on Friday. According to State Finance and Commerce Minister, Amit Mitra, Bengal’s export turnover grew to Rs 53,649 crore in 2016-17 against Rs 47,857 crore in 2015-16. “The growth has been over 10.49 per cent. At …
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December 22, 2017 -
Opinion: India losing comparative advantage in leading export sectors
In a massive relief to Indian exporters, the government announced liberal incentives of Rs 8,450 crore ($1.3 billion) in its mid-term review of the five-year foreign trade policy (FTP) that was rolled out in 2015 and aimed at increasing the export of goods and services to $900 billion by 2020. Exports, meanwhile, declined from $468 …
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December 8, 2017 -
Indian exports dip in October at $23 bn, trade deficit up
Reversing a 13-month upward trend, Indian exports in October declined year-on-year by 1.12 per cent to $23 billion due to a drop in shipments of textiles, pharmaceuticals, leather goods and gems and jewellery, according to official data released on Tuesday. Exports in September had risen over 25 per cent to a six-month high of $28.61 …
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November 14, 2017 -
Indian middle class has economic potential: US official
India’s middle class offers major opportunities for US exports, a senior American diplomat has said, highlighting the extraordinary economic potential of the Indian market. Acting Assistant Secretary of State for South and Central Asia Alice Wells said rising standards of living in India will drive demand for US products, services and energy in the country. …
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September 13, 2017 -
Commerce Ministry in consultations with states to promote exports
A team of officers, led by the commerce secretary, is holding detailed consultations with states to clear the bottlenecks that are hampering exports, an official has said. “So far, we have done this exercise with 14 states. It is an ongoing exercise to involve states in promoting the country's exports,” the commerce ministry official said. …
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July 25, 2017 -
Chinese exports, imports beat expectations in June
Growth in Chinese exports and imports outstripped expectations in June, data showed on Thursday, fuelling hopes of stability in the world's second-largest economy. Exports rose 11.3 per cent from a year ago to $196.59 billion, the customs administration said, topping a Bloomberg News forecast of 8.9 per cent. Imports were up 17.2 per cent year-on-year …
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July 13, 2017 -
Global survey finds planned exports hitting 18-month high
Planned exports activity has hit an 18-month high globally, and India is among the countries expecting an increase in exports going forward, says a Grant Thornton report. Countries with the greatest increases in planned exports in January-March quarter were Germany (up 13 percentage points to 35 per cent from 22 per cent), Greece (up from …
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June 26, 2017 -
Exporters to get tax refund under GST within 7 days: Nirmala
Commerce Minister Nirmala Sitharaman on 20 May assured exporters that they would get their refund tax claims within seven days under the new goods and services tax (GST) regime. She also said that the GST Council has been fairly seized of the tax refund issue under the new indirect tax regime, to be rolled out …
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May 21, 2017 -
India’s April exports up by 20 per cent
India's exports revival continued for the eighth successive month, recording 19.77 per cent growth during April 2017, official data showed on Monday. According to data released by the Ministry of Commerce and Industry, exports grew by 19.77 per cent to $24.63 billion from $20.56 billion worth of merchandise shipped out during April 2016. "In continuation …
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May 15, 2017