by DIGITAL MEDIA EXECUTIVE | May 23, 2023 | Textile Industry
The government is looking to extend export benefits under the well-liked Remission of Duties and Taxes on Exported Products (RoDTEP) scheme to the chemicals, pharmaceuticals, and iron & steel sectors beyond September 30, 2023, when it is scheduled to expire. This...
by DIGITAL MEDIA EXECUTIVE | May 23, 2023 | Garment
By 2050, the European Union hopes to achieve carbon neutrality. Additionally, it requires its suppliers to adhere to its green contract and practise environmental sustainability. Steel, aluminium, cement, fertiliser, hydrogen, and electricity are included in the...
by DIGITAL MEDIA EXECUTIVE | May 19, 2023 | Import/Export
Data from the commerce department showed that exports to India’s major export destinations—the US, the United Arab Emirates, China, Singapore, Bangladesh, and Germany—saw a substantial reduction, leading to a 12.69% decrease in outbound shipments during the...
by DIGITAL MEDIA EXECUTIVE | May 17, 2023 | Import/Export
India’s exports to specific Asian and African regions decreased in FY23, which had a negative impact on global export growth. Despite the economic crisis and increased geopolitical dangers in the developed world, exports to the European Union and the US...
by DIGITAL MEDIA EXECUTIVE | May 17, 2023 | Event Update
Knit Show, which is run by City Leaves, offers exhibitors an excellent opportunity to enter the Tirupur market in innovative ways. The Knit Show, which is being hosted after a 2-year hiatus due to the pandemic, is anticipated to gather several guests from all over...
by DIGITAL MEDIA EXECUTIVE | May 17, 2023 | Business & Policy
According to the data of the commerce ministry, the Netherlands has become India’s third-largest export destination after the US and the UAE during 2022–2023 as a result of an increase in the shipment of goods including petroleum products, electronic items,...
by DIGITAL MEDIA EXECUTIVE | May 13, 2023 | cotton industry, COTTON PRICE
INSIGHTS The projection for cotton output for 2022–2023 has been lowered to 298.35 lakh 170 kilogramme bales, according to CAI. Despite forecasts of higher cotton prices, a lackluster developed-country demand may limit major gains. In order to revise estimations as...
by DIGITAL MEDIA EXECUTIVE | May 8, 2023 | News & Insights
The Supreme Court has confirmed the legality of the pre-import restriction imposed by advance authorizations, as was to be expected. Many exporters have now voiced concerns about the future course of action. Here, I deal with a few of them.The Supreme Court determined...
by DIGITAL MEDIA EXECUTIVE | May 3, 2023 | Import/Export
The export promotion councils have been requested by the commerce ministry to develop export goals for the current fiscal year and a thorough plan of action to reach those goals. Exporters claim that on April 24, during a meeting presided over by Commerce and Industry...
by DIGITAL MEDIA EXECUTIVE | May 3, 2023 | Import/Export
The officials said that the figure is provisional and that efforts are now being made to establish a “realistic” aim with a focus on emerging export markets including e-commerce and non-IT services. The government will make a final decision only after...
by DIGITAL MEDIA EXECUTIVE | May 2, 2023 | Trade Analysis
Serbia’s imports and exports both grew significantly in 2022. It’s interesting to note that the country’s garment imports and exports were practically identical, with exports rising by $696 million and imports reaching $700.623 million in the same...
by DIGITAL MEDIA EXECUTIVE | Apr 28, 2023 | Country Report, News & Insights
The Minister referred to the meeting between the exporters and the Prime Minister, Shri Narendra Modi, on August 6, 2021, and urged them to boost exports and become more fully integrated into the global value chain. He praised the prime minister’s leadership and...
