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  • New products and bilateral outreach behind high agri export growth : Commerce Secretary Jun 10, 2021 02:20 PM IST

    New products and bilateral outreach behind high agri export growth : Commerce Secretary

    Agr exports jumped to $41.25 billion in 2020-21, from $35.16 billion in 2019-20

  • As exports rise, container prices increase at major Indian ports Jun 09, 2021 06:53 PM IST

    As exports rise, container prices increase at major Indian ports

    The average price of a 20-ft dry container in Mundra at the end of May stood at around $1,550 compared to $1,163 in June 2020, while for Nhava Sheva in Navi Mumbai, it was at $1,700 in May against $1,075 in June 2020, market sources told Moneycontrol.

  • Exports up 52.39% to $7.71 billion during June 1-7 Jun 09, 2021 12:19 PM IST

    Exports up 52.39% to $7.71 billion during June 1-7

    Exports of engineering, gems and jewellery and petroleum products increased by 59.7 per cent to USD 741.18 million, 96.38 per cent to USD 297.82 million and 69.53 per cent to USD 530.62 million respectively, the data showed.

  • Trade talks with EU and UK on; formal negotiations to begin in next few months: Commerce Secretary Jun 03, 2021 08:59 PM IST

    Trade talks with EU and UK on; formal negotiations to begin in next few months: Commerce Secretary

    Talks on the proposed Free Trade Agreements with both UK and the EU are progressing at an 'expedited pace', Commerce Secretary Anup Wadhawan has said.

  • India's exports rise 67% in May on low base effect, imports surge by 68.5% Jun 02, 2021 02:44 PM IST

    India's exports rise 67% in May on low base effect, imports surge by 68.5%

    The headline numbers jumped high due to a severely low base as trade had crashed during May, 2020 when the COVID-induced lockdown was in full swing. But citing a nearly 8 percent growth after comparing with May, 2019, the government has expressed confidence that exports are well on their way towards recovery.

  • Interview | Exporters remain flush with global orders as major markets reopen: FIEO DG Ajay Sahai May 25, 2021 11:18 AM IST

    Interview | Exporters remain flush with global orders as major markets reopen: FIEO DG Ajay Sahai

    India's exports are set to go up, supported by a continuous rise in commodity prices and opening of key markets in the United States and United Kingdom. But as profitability shrinks and pending refunds mount, the fortunes of the sector remain tied to how long the current wave of the pandemic continues in India.

  • Exclusive | Commodity exports stopped India's trade from falling further in FY21 May 21, 2021 04:33 PM IST

    Exclusive | Commodity exports stopped India's trade from falling further in FY21

    Latest data from the Commerce department for FY21 shows that relatively low value commodities, including both unprocessed raw materials and processed bulk goods, managed to hold their own throughout the pandemic-ridden year. A rise in global commodity prices and unused capacity due to drop in local manufacturing meant many commodity exports even managed to grow in 2020-21.

  • Govt cuts subsidy on sugar exports to Rs 4,000 per tonne from Rs 6,000 on high global prices May 20, 2021 10:11 PM IST

    Govt cuts subsidy on sugar exports to Rs 4,000 per tonne from Rs 6,000 on high global prices

    Sugar mills were mandated to export 6 million tonne of sugar in the current year. So far, 5.7 million tonne of the sweetener has been contracted for export.

  • Nepal, Bangladesh scramble to secure COVID-19 shots as India curbs exports May 19, 2021 02:49 PM IST

    Nepal, Bangladesh scramble to secure COVID-19 shots as India curbs exports

    Reuters reported on Tuesday that India was unlikely to resume major exports of COVID-19 vaccines until October at the earliest as it diverts shots for domestic use, a longer-than-expected delay set to worsen a shortage of supplies coming through the COVAX global vaccine sharing scheme, designed to help low-income countries.

  • India unlikely to resume sizable COVID-19 vaccine exports until October: Sources May 18, 2021 12:48 PM IST

    India unlikely to resume sizable COVID-19 vaccine exports until October: Sources

    Battling the world's biggest jump in coronavirus infections, India halted vaccine exports a month ago after donating or selling more than 66 million doses. The move has left countries including Bangladesh, Nepal, Sri Lanka and many in Africa scrambling for alternate supplies.

  • Exports jump to $30.21 billion in April; trade deficit at $15.24 billion May 02, 2021 09:45 AM IST

    Exports jump to $30.21 billion in April; trade deficit at $15.24 billion

    Imports too rose to USD 45.45 billion last month as against USD 17.09 billion in April 2020.

  • Processed food products exports up 26.51% during April-February 2020-21: Govt data Apr 23, 2021 09:29 PM IST

    Processed food products exports up 26.51% during April-February 2020-21: Govt data

    Agricultural and Processed Food Products Export Development Authority (APEDA) Chairman M Angamuthu said this trend of increasing exports of processed food products is likely to continue in 2021-22.

  • Exports reviving, may be in positive territory in FY22: Commerce Secretary Apr 20, 2021 04:38 PM IST

    Exports reviving, may be in positive territory in FY22: Commerce Secretary

    Since December 2020, the country's merchandise exports are recording positive growth. In March this year, the exports rose by 60.29 percent to $34.45 billion. However in 2020-21, the shipments dipped by 7.26 percent to $290.63 billion.

  • Exports from Indore SEZ jump 24.5% to Rs 11,944 crore in 2020-21 Apr 09, 2021 09:03 PM IST

    Exports from Indore SEZ jump 24.5% to Rs 11,944 crore in 2020-21

    The exports had stood at around Rs 9,600 crore in 2019-20, the official of the Ministry of Commerce and Industry said.

  • Centre extends PLI scheme to food processing sector, announces Rs 10,900 crore worth of benefits Mar 31, 2021 02:35 PM IST

    Centre extends PLI scheme to food processing sector, announces Rs 10,900 crore worth of benefits

    Union Minister Piyush Goyal said that the allocation was made for the next six years and is expected to see employment generation of more than 2.5 lakh across the country and facilitate expansion of processing capacity to generate processed food output of Rs 33,494 crore.

  • Exclusive | Lack of funds may end government incentives for services exports Mar 30, 2021 04:46 PM IST

    Exclusive | Lack of funds may end government incentives for services exports

    Facing a funds crunch, and under international pressure by the WTO to realign the benefits it gives traders, the government had suspended the Merchandise Exports from India scheme (MEIS). Now, a similar scheme focusing on services exports may face the axe.

  • India's goods exports to stand at $290 billion in FY21, says Piyush Goyal Mar 27, 2021 08:45 AM IST

    India's goods exports to stand at $290 billion in FY21, says Piyush Goyal

    However, the minister said this was "great" considering the country has bounced back so quickly in a challenging year.

  • Govt hopeful of resolving Iran's currency issue by next month; export to resume soon Mar 24, 2021 03:06 PM IST

    Govt hopeful of resolving Iran's currency issue by next month; export to resume soon

    Iran's rupee reserves have reduced significantly in India's UCO and IDBI Bank, the two banks authorised to facilitate rupee trade. As a result, exports of agri-commodities like sugar, tea and rice have almost stopped because exporters are not sure of getting paid on time.

  • India's merchandise and services exports may dip by 10% in FY21 : Commerce Minister Mar 23, 2021 07:18 PM IST

    India's merchandise and services exports may dip by 10% in FY21 : Commerce Minister

    In the previous financial year of 2019-20, services exports had risen by 4 percent while merchandise exports had shrunk by 4.7 percent.

  • 'Teething troubles' prevent govt from announcing tax refund rates for RoDTEP scheme, says commerce secretary Mar 22, 2021 06:43 PM IST

    'Teething troubles' prevent govt from announcing tax refund rates for RoDTEP scheme, says commerce secretary

    Exporters complain that lack of clarity on tax refund rates under RoDTEP, 18 months after it was announced, continues to affect their business.

  • Macro Minutes Podcast | Supply side challenges holding back export growth : FIEO Director General Ajay Sahai Mar 18, 2021 07:16 PM IST

    Macro Minutes Podcast | Supply side challenges holding back export growth : FIEO Director General Ajay Sahai

    Ajay Sahai takes us through the mixed bag of unprecedented challenges and sudden opportunities facing India's crucial outbound trade in the post Covid-19 era, as the pandemic slowly recedes.

  • EXCLUSIVE | FIEO launches online portal for exporters to request elusive shipping containers Mar 17, 2021 03:49 PM IST

    EXCLUSIVE | FIEO launches online portal for exporters to request elusive shipping containers

    The first ever portal of its kind allows exporters to make public requests for shipping containers which can be taken up by shipping lines and freight forwarders. As a result, it is expected to paint a clearer picture of where containers are needed the most and which exports are caught up.

  • EXCLUSIVE | Sectoral action plan for exports currently in the works Mar 17, 2021 03:11 PM IST

    EXCLUSIVE | Sectoral action plan for exports currently in the works

    It will focus on short-term targets and specific strategies to boost the outbound shipment of certain products in the near term. Right now, India’s share of exports continues to remain high in goods which are less traded and low in goods that are traded more in the world.

  • India's exports during March 1-14 up 17% at $14 billion Mar 16, 2021 02:50 PM IST

    India's exports during March 1-14 up 17% at $14 billion

    Imports during the period increased 27.77 per cent to USD 22.24 billion, leaving a trade deficit of USD 8.02 billion, the data showed.

  • China February exports post record surge from COVID-19-depressed 2020 levels Mar 07, 2021 12:27 PM IST

    China February exports post record surge from COVID-19-depressed 2020 levels

    Exports in dollar terms skyrocketed 154.9% in February compared with a year earlier, while imports gained 17.3%, the most since October 2018. The data did not include figures for January alone.

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