-
The Centre has prepared a support package worth Rs 25,000 crore under the Export Promotion Mission, to provide affordable credit, improve market access and cushion from the adverse impact of tariffs.
-
To boost exports, Centre had on May 26 restored the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme benefits for SEZs and other export-centric hubs, with effect from June 1.
-
The apex trade body also suggested extending the Interest Equalisation Scheme with a cap of Rs 10 crore per exporter.
-
The global uncertainties caused by continuing war between Russia and Ukraine has impacted India's outbound shipments in 2023-24, which recorded a decline of 3.11 per cent to USD 437 billion. Imports too dipped by over 8 per cent to USD 677.24 billion.
-
A FIEO survey revealed that cotton yarn exporters are facing a 50-600 percent increase in costs for their shipments to Bangladesh, Europe, and Egypt. The full impact of the crisis is likely to be visible in India’s export figures February onwards.
-
Federation of Indian Export Organisations (FIEO) President A Sakthivel said that Indian exporters lack in marketing and small exporters "hardly" have resources to market aggressively overseas.
-
The Foreign Trade Policy 2023 was unveiled by Commerce and Industry Minister Piysh Goyal on Friday. It will come into effect from April 1, 2023.
-
Exports to the UAE, India’s second-largest trading partner and largest in terms of exports, surged to $28 billion in the past fiscal year that ended on March 31, 2022
-
The RBI in July issued a detailed circular asking banks to put in place additional arrangements for export and import transactions in Indian rupees in view of increasing interest of the global trading community in the domestic currency.
-
The portal will digitize Indian exporters and help them become discoverable online, promote exports from all Indian states, and showcase a wider range of products & services.
-
The finance ministry on Wednesday waived customs duty on cotton imports till September 30, a move which will benefit the textile industry and lower prices for consumers.
-
Many global buyers have filed for bankruptcy, leading to order cancellations that have shaken exporters. The rules say that if a buyer does not pay for shipped goods, exporters would have to return with interest the government benefits they availed of.
-
Federation of Indian Export Organisations (FIEO) DG Ajay Sahai said that about 20,000 containers are still stuck up with custodian (Ports/ CONCOR/ CWC) as these have been either detained by agencies or abandoned by the importers.
-
The crisis began in late 2020 due to a sharp mismatch in import and export volumes, port congestion across the Asia Pacific region due to Covid-19, and restrictions on trade
-
The Suez Canal is the primary route for ships moving between India and Europe and the traffic hold-up has begun to affect the tight schedules of commercial shipping lines operating in India. But exporters remain hopeful that a backlog of up to 7-10 days can be overcome with some planning and speedy clearance by the Customs authorities.
-
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.
-
After a border clash with China in which 20 Indian soldiers were killed, there are growing calls in India to shun Chinese products.
-
The FIEO said this is hurting "the export-import community to a large extent, a sizeable chunk of which belongs to the MSME sector".
-
The Reserve Bank on Friday cut the repo and the reverse repo rates to 4 per cent and 3.35 per cent respectively, extended the loan moratorium period till August 31 from May 31, and also extended the pre-and post-shipment credit for exporters from the existing 12 months to 15 months.
-
Centre has to take siblings on board and remove irritants to unleash the animal spirit of investors
-
Federation of Indian Export Organisations (FIEO) President Sharad Kumar Saraf said the global situation is becoming extremely challenging as rising protectionism is leading to uncertainty in global trade which will have adverse impact on it.
-
Federation of Indian Export Organisations (FIEO) President Sharad Kumar Saraf said this step would help increase trade in sectors such as carpets, handicrafts, sports goods, horticulture and food processing.
-
The organisation said the budget should encourage domestic manufacturing with a focus on imports substitution.
-
The government has stated that they would manually check their claims before issuing refunds.
-
Exports to China had stood at USD 6.37 billion in June-November 2017.
In June and September 2018, the US announced high customs duties on several Chinese goods. In retaliation, China also raised levies on American goods.
