by TEXTILE VALUE CHAIN | Jun 13, 2024 | News & Insights, Technical Textiles & Non-Wovens
INDA, the Association of the Nonwoven Fabrics Industry, applauds the U.S. House of Representatives for passing the Wastewater Infrastructure Pollution Prevention and Environments Safety (WIPPES) Act (H.R. 2964). The WIPPES Act, which creates national standards for “Do...
by DIGITAL MEDIA EXECUTIVE | May 25, 2023 | Trade Analysis
According to Commerce Secretary Sunil Barthwal, India, a digital economy with the benefit of the “Giant Trinity” (1.3 billion Aadhar cards, over 1 billion bank accounts, and mobile phones), should go paperless in international trade to significantly reduce...
by DIGITAL MEDIA EXECUTIVE | May 24, 2023 | Event Update
The 2nd Trade and Investment Working Group (TIWG) meeting under India’s G20 presidency, to be organised in Bengaluru from May 23 to 25, will discuss reforms at the World Trade Organisation (WTO). The emphasis of these discussions will be on reaffirming WTO’s...
by DIGITAL MEDIA EXECUTIVE | May 15, 2023 | Finance & Economy
PayNearby, India’s leading branchless banking and digital network, today launched PayNearby Mall—a meta commerce platform to enable easy availability of good and services, in an assisted mode at the last mile. This will soon be integrated with the Open Network for...
by DIGITAL MEDIA EXECUTIVE | May 10, 2023 | Textile Industry
INSIGHTS As a result of increased demand for medical face masks during the pandemic, the world’s textile commerce climbed by 14% in 2022 compared to pre-COVID levels, according to the WTO. The value of the garment trade increased significantly in 2022, growing...
by DIGITAL MEDIA EXECUTIVE | Apr 25, 2023 | Import/Export
It is generally known that China has overtaken the United States as the world’s largest trading partner in the past ten years, while India has merely limped along. Even if China and India are being compared on a number of fronts, India may not stand out too much...
by DIGITAL MEDIA EXECUTIVE | Apr 14, 2023 | Import/Export
According to official figures released on Thursday, India’s exports of goods fell 13.9% year over year in March to $38.4 billion, while its imports fell 7.9% to $58.1 billion. In the last four months of the year, both outbound and inbound shipments were in the...
by DIGITAL MEDIA EXECUTIVE | Apr 10, 2023 | Trade Analysis
Piyush Goyal, the Union Minister for Commerce and Industry, released the Foreign Trade Policy (FTP), 2023, for India on March 31, the last day of the fiscal year 2022–2023, outlining an ambitious aim to reach $2 trillion (Rs 164 lakh crore) in exports by 2030. Given...
by DIGITAL MEDIA EXECUTIVE | Mar 31, 2023 | Country Report
The new Foreign Trade Policy 2023 was unveiled by the government on March 31 in an effort to increase exports in the face of sluggish global commerce. The goal of India’s new foreign trade strategy is to increase its exports of products and services to $2...
by DIGITAL MEDIA EXECUTIVE | Mar 30, 2023 | Finance & Economy
There is little to no transaction going place in the local currency, which presents significant challenges for the rupee settlement mechanism. This is true even though the Reserve Bank of India (RBI) has given banks from 18 different nations permission to open Special...
by DIGITAL MEDIA EXECUTIVE | Mar 16, 2023 | Trade Analysis
The Center said on Wednesday that it has changed the foreign trade policy to permit the settlement of international trade in Indian rupees for the Export Promotion Schemes. Therefore, in accordance with the RBI circular released on July 11, 2022, the Directorate...
by DIGITAL MEDIA EXECUTIVE | Mar 15, 2023 | Finance & Economy
At the most recent India-Australia CEO summit held in Mumbai, the Confederation of Indian Industry (CII) and Business Council of Australia (BCI) extended their memorandum of understanding (MoU) for a further four years. The alliance aims to strengthen the commercial...
