by DIGITAL MEDIA EXECUTIVE | Apr 4, 2023 | Traditional Textiles
It is one of the four newly designated towns of export excellence, joining the existing 39 towns of export excellence. These are Varanasi for handloom and handicrafts, Moradabad for handicrafts, Mirzapur for handcrafted carpets and dari, and Faridabad for clothing....
by DIGITAL MEDIA EXECUTIVE | Apr 4, 2023 | Trade Analysis
India’s Foreign Trade Policy (FTP) promotes rupee-based trade settlements and aspires to export $2 trillion worth of goods and services by 2030. The strategy, which will go into effect on April 1, aims to increase India’s exports and participation in the...
by DIGITAL MEDIA EXECUTIVE | Apr 4, 2023 | Country Report
The goal is to enable the states and DGFT regional authorities to input all information while keeping track of the district-wise export plan’s progress across all 750 districts nationwide. The Directorate General of Foreign Trade (DGFT) will create an online...
by DIGITAL MEDIA EXECUTIVE | Apr 1, 2023 | Country Report
Thanking the Hon’ble Commerce Minister Shri Piyush Goyal, Chairman of Confederation of Indian Textile Industry, Shri T. Rajkumar said that the new Foreign Trade Policy (FTP) will bring transformative changes in India’s trade by bringing greater trade facilitation...
by DIGITAL MEDIA EXECUTIVE | Apr 1, 2023 | Corporate Update
The Union Budget 2023-24 had increased the Basic Customs Duty (BCD) on all textile machinery, spares and accessories from 5% to 7.5% to be effective from 1st April 2023 to till 31st March 2025. The industry had earlier submitted the pre-budget memorandum demanding to...
by DIGITAL MEDIA EXECUTIVE | Mar 30, 2023 | Import/Export
He was responding to Piyush Goyal, the minister of commerce and industry, who had stated that the country’s exports of goods and services are anticipated to surpass USD 760 billion in the current fiscal year, which ends on March 31. “India has crossed in...
by DIGITAL MEDIA EXECUTIVE | Mar 24, 2023 | Finance & Economy
According to data issued by the General Directorate of Vietnam Customs, the country’s overall import-export turnover between January 1 and March 15, 2023, was close to $123 billion, resulting in a $3 billion trade surplus. But, compared to the same period last...
by DIGITAL MEDIA EXECUTIVE | Mar 24, 2023 | Fashion
More than 1000 buyers across 30 countries attended the India Fashion Tex 22nd March 2023, New Delhi: The 3rd edition of India Fashion Tex 2023-Reverse Buyer Seller Meet (RBSM) which was jointly organized by the Wool & Woolens Export Promotion Council (WWEPC) and...
by DIGITAL MEDIA EXECUTIVE | Mar 23, 2023 | Country Report, PRICE REPORT
In a letter to Sitharaman, MPs from the Communist Party of India (Marxist), Dravida Munnetra Kazhagam, All India Trinamool Congress, Indian National Congress, and Bharatiya Janata Party complained that a proposed anti-dumping duty on VSF of $0.512/kg would increase...
by DIGITAL MEDIA EXECUTIVE | Mar 15, 2023 | Country Report
India’s exports have experienced consistent growth for a long now. In the fiscal year 2021–2022, they reached a total of $676.2 billion as both services and goods experienced record-high exports. Compared to the entire exports of $526.6 billion and $497.9...
by DIGITAL MEDIA EXECUTIVE | Mar 6, 2023 | Market Reports, Product Report
The report “Small-Scale LNG Market by Type (Liquefaction, Regasification), Application (Heavy-Duty Vehicles, Industrial & Power, Marine Transport), Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) – Global...
by DIGITAL MEDIA EXECUTIVE | Mar 2, 2023 | Traditional Textiles
Tiruppur Exporters’ Association has urged the Centre to create a new Technology Upgradation Fund Scheme that would extend the interest benefit to exporting units retroactively from April 1, 2022. The Tiruppur knitwear cluster has benefited from the TUF scheme,...
