"German companies alone have invested a total of 9.7 billion Euros in India since 2000. If we compare this number to Indian investments in Germany one conclusion becomes quite clear. There is still some potential the other way round," Ney said while addressing an event yesterday.
November exports jumped 12.3 percent from a year earlier, beating analysts' forecast of a 5.0 percent increase, and compared to 6.9 percent growth in October, the General Administration of Customs said on Friday.
Italy, Germany and Russia were the major export destinations for Indian coffee during the period. India ships both robusta and Arabica varieties, besides instant coffee. Robusta coffee exports rose by 10.80 per cent to 2,11,442 tonnes in January-November 2017 from 1,90,828 tonnes in the year-ago, the board dats showed.
Onions, an essential part of the diets of millions of Asians, are likely to remain expensive and scarce for at least two months until India lifts curbs on exports, traders said.
Iran bought 20.98 million kg tea during the period, up from 18.67 million kg a year ago, the Board said.
"The corrective and preventive action plan (CAPA) submitted by us has been accepted by the regulator. Consequently, the regulator has permitted production to start again from this facility for the EU market," Dr Reddy's Laboratories said in a regulatory filing.
The Markit/Nikkei Japan Manufacturing flash Purchasing Managers Index (PMI) rose to 53.8 in November on a seasonally adjusted basis from a final reading of 52.8 in October.
The state currently exports Rs 5,000 crore worth apparel in domestic as well as international market.
Traders cannot export onions below $850 per tonne until the end of 2017, the order said.
Lower exports from the world's biggest producer will help its rivals like the U.S., Brazil and Australia to raise their exports to Asian buyers like Pakistan, China and Bangladesh.
"Opening of exports of all types of pulses will help the farmers dispose of their products at remunerative prices and encourage them to expand the area of sowing," IT and Law Minister Ravi Shankar Prasad said, who briefed the media after the Cabinet meet chaired by Prime Minister Narendra Modi here.
In September 2016, India had exported services worth USD 13.77 billion. The import grew 1.7 per cent from USD 8.30 billion last year.
U.S. exports recently set a weekly record with nearly 2 million barrels of crude a day sent overseas. But shipments to India have been rare, with just a few deliveries since the U.S. lifted its ban on crude exports in late 2015.
"Two factors contributed for higher shipments in 2016-17. Firstly, there was enough domestic supply to meet the export demand as the domestic output was record in 2015-16. Also, global prices were better," a senior Board official told PTI.
"Therefore, we are putting in place all the policy frameworks. We are studying sector by sector and we are finding out wherever there is a scope for improvement," he told reporters here on the sidelines of the World Economic Forum's (WEF) India Economic Summit.
The company had sold 46,130 units in the same month last year, the company said in a statement.
China imported 1.6 million tonnes of coal from North Korea, according to data from Beijing's General Administration of Customs, the first since February when Beijing banned purchases of the fuel from its northern neighbour.
"Six groups will be formed to prepare the groundwork for that meeting. They would submit their reports to the minister, which will be discussed on October 6," the government official, who did not want to be named, said.
As per the amendments in Hand Book of Procedures (2015- 20), the directorate general of foreign trade (DGFT) said that at the time of exports of gems and jewellery parcel by post, the exporter will have to submit documents including shipping bills or tax invoice as per the GST rules.
The committee will take up the issue of delays in GST refunds to exporters and the resultant shortage in working capital
Realisation from exports stood at Rs 11,621.97 per tonne in the said period. The total value of exports stood at Rs 1,098.58 crore and the volumes 9.45 lakh tonnes in April-June of 2017-18, according to the data maintained by the National Horticultural Research and Development Foundation (NHRDF).
"Reduction of the GST rate on supply of scrips like merchandise exports from India scheme (MEIS), service exports from India scheme (SEIS), duty free import authorisation (DFIA) from 12 per cent to 5 per cent follows the fitment formula adopted by the Council," FIEO president Ganesh Kumar Gupta said in a statement issued here.
The data underscores the Bank of Japan's view the world's third-largest economy is showing increasing signs of strength as private consumption adds momentum to an export-led recovery.
In the April-June quarter of last financial year, the sector's exports aggregated to USD 8.84 billion, according to the data from Gems and Jewellery Export Promotion Council (GJEPC).
The rupee has risen more than six per cent this year against the dollar. This is in contrast to six consecutive years of depreciation.