Exporters

Inter-ministerial consultations on the scheme have been concluded, and the proposal will be sent to the Cabinet for an approval soon.

Exporters seek loan relief, favorable rupee rate in meeting with RBI: Report

Exporters are seeking a 12-month moratorium on principal and interest payments on their loans, according to a written request by the Federation of Indian Export Organisations

Commerce Minister Piyush Goyal urges exporters to prioritise domestic products amid supply curbs

Piyush Goyal's remarks come at a time when India’s automobile and electronics sector faced issues due to export restrictions on rare earth magnets and fertiliser by China.

Urging India Inc to buy from exporters, talking to 50 nations to diversify market: Goyal

We will soon be mounting delegations of Indian seafood exporters to Singapore and the UAE. Besides, Latin America and the Gulf region have huge potential for our products, Union minister for commerce and industry Piyush Goyal said.

Exporters lobby RBI for weaker Rupee to offset US tariffs

A weaker rupee rate for exporters would be risky for the central bank, though. It could damage broader sentiment toward the currency, which, in turn, could force the central bank to step up intervention in the foreign exchange market, causing a rapid erosion of India’s reserves.

India mulls fresh incentives for exporters amid US tariff shock, sources say

Any fresh incentive will potentially focus on labour-intensive exports and the requirement for the same will depend on if and how quickly Washington and New Delhi secure a trade deal potentially lowering the massive tariffs rates, sources said.

Indian exports get 3-week breather as extra 25% Trump tariff kicks in from August 27

The grace-period only applies to the additional duty announced on August 6 and not the earlier 25-percent duty, which is applicable from August 7.

Exporters seek swift tax refunds, interest aid as diversification from US market at least 6 months away

During a series of meetings held by Commerce Minister Piyush Goyal between August 2 and 3, exporters urged the government to expedite the release of funds under the Export Promotion Mission, ensure faster disbursal of claims under the Integrated GST, and reinstate the interest subvention scheme, which was discontinued in December 2024.

Trump’s tariffs threaten over $350 million of exports, force Indian MSMEs to de-risk from US

The levies have hit small and medium Indian shipments of textiles, carpets, automobile parts, marine products, furniture, and steel and aluminium particularly hard, nearly a dozen Indian exporters, companies and port operators told Moneycontrol.

Govt may bring back Interest Equalisation Scheme to help exporters navigate Trump tariffs

Given steeper tariffs on key goods such as steel and aluminium and auto parts by the US, the government is keen on bringing back this scheme.

Government weighs fresh incentives to shield exporters from Trump tariff blow

The commerce ministry is expected to meet exporters this week. Depending on their feedback, it will take a call on providing for new schemes or incentives

Trade deal with US to give India first mover's advantage over Trump tariffs

More countries have shown interest to strike trade deals with India after US's reciprocal tariff move, while the European Union, United Kingdom and New Zealand are keen on fast tracking talks for the proposed FTAs.

Chart of the Day | Operating cash flows of BSE 500 firms stutter

The sectoral break-up shows that in the BSE 500, operating cash flows among the domestic-facing companies slowed to a larger extent

Chart of the Day | Indian exporters grapple with soaring freight costs

Nearly 25 percent of the country's cargo passes through ports in Colombo, Singapore, and Klang, adding to transit times and pushing up freight costs. This logistical reliance on foreign ports makes Indian exports less competitive on the global stage.

Interest equalisation scheme for exporters extended for 2 months; FIEO disappointed

The scheme which provides exporters interest benefits was ending on June 30 this year.

Exporters seek exemption from 45-day payment rule for supplies from MSEs

A small enterprise is a unit having investment in plant and machinery or equipment not exceeding Rs 100 million and turnover not exceeding Rs 500 million

Commerce ministry to launch portal to provide info for aspiring exporters

Describing the platform as a one-stop-shop for exporters and importers to connect with existing portals, he said information related to credit facilities will be available in the second phase of the project.

GST Council may clarify that exporters can claim input tax credit on INR credited in Special Vostro Accounts

Certain tax authorities have been citing Reserve Bank of India provisions to refuse input tax credit to exporters when they receive INR in Special Vostro accounts, in line with the rupee trade settlement mechanism.

Last date for exporters to apply for amnesty scheme extended till Dec 31

Earlier, June 30 was fixed as the last date for registration under the scheme.

India's oilseed exports may grow by 10-15% this fiscal; Exporters

In 2022-23, the oilseed exports rose by over 20 per cent to USD 1.33 billion (around Rs 10,900 crore). The main oilseeds exported by the country are groundnut, sesame, soyabean, castor, niger, and sunflower.

India's exports to Germany may get adversely impacted due to recession: Exporters

Data released by the Federal Statistical Office on Thursday shows that Germany's gross domestic product (GDP) declined by 0.3 per cent from January to March. This follows a drop of 0.5 per cent in Europe's biggest economy during the last quarter of 2022.

Govt eases norms for certain sectors under Export Promotion Capital Goods scheme

Under the scheme, imports of capital goods are allowed duty free, subject to an export obligation.

Don't depend on small incentives, subsidies; increase competitiveness: Piyush Goyal to industry

Ambitious targets of exports should not be affected by "small support subsidies and incentives. That has been the bone of contention between some services sectors and the government," Goyal said.

Kolkata port seeks to increase business with Odisha seafood exporters

The port, formally known as the Syama Prasad Mookerjee Port, held a meeting with the stakeholders of the seafood export sector in Bhubaneswar on Wednesday regarding business prospects and issues faced by them.

Excise Cut: Industry, traders urge states to follow suit and bring more relief to consumers

The traders' body also nudged states to follow the footsteps of the central government and reduce the rates of Value Added Tax (VAT) to provide substantial relief to the public from inflation.