Exports to improve in future: DGFT

Kolkata: While October knowledge seemed promising for exports, the scenario will improve additional in the coming months due to collaborative efforts of all the stakeholders, a high official of the Directorate General of Foreign Trade (DGFT) stated on Wednesday. Since April, when there was an enormous downfall in exports, it has made good progress and … Read more

India’s exports rose 6% to USD 27.58 billion in September

India’s imports contracted 19.6% to USD 30.31 billion in September. It was USD 37.69 billion last year in the same month. The trade deficit has narrowed to USD 2.72 billion, compared to a surplus of USD 11.67 billion a year earlier. Earlier this month, the Ministry published a “preliminary estimate” of trade results, according to … Read more

Non-basmati rice exports in H1 top FY20 shipments

– Vishwanath Kulkarni, The Hindu Business Line Buying by China, Bangladesh, African nations doubles exports to over 5 mt Exports of non-basmati rice have more than doubled to top 5 million tonnes (mt) in the first half of the current financial year on robust demand. Exporters see shipments touching a new high — even 10 … Read more

Good opportunity for India to export sugar; reconsidering extension of export subsidy: Govt

The government is reconsidering extension of sugar export subsidies as India has got good opportunity to sell the sweetener in the international market during November-April of the 2019-20 season that commenced this month, according to Food Secretary Sudhanshu Pandey. India, the world’s second-largest sugar-producing country, had to offer export subsidies during the last two years … Read more

FIEO welcomes the Government’s decision on approval of Production Linked Incentive Scheme for attracting FDI and pushing imports substitution

Welcoming the government’s decision to approve the Production Linked Incentive (PLI) Scheme, FIEO President Mr Sharad Kumar Saraf said that it will further felicitate  the vision of Make in India and Aatma Nirbhar Bharat, thereby not only making our products but also making Brand India globally competitive. Mr Sharad Kumar Saraf also said that by … Read more