by DIGITAL MEDIA EXECUTIVE | Apr 12, 2023 | Import/Export
The Gujarati government has started a process to develop a strategy to increase exports from the state. The state policy, which will incorporate elements of the recently unveiled Foreign Trade Policy (FTP) of the Union government, would encourage, among other things,...
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 | Apr 10, 2023 | cotton industry, COTTON PRICE
The State government’s measures are paying off, as Telangana is currently the third-largest cotton grower in India and the top producer in South India. Telangana became the third-largest producer of cotton, behind Gujarat and Maharashtra, with 57.97 lakh bales...
by DIGITAL MEDIA EXECUTIVE | Apr 10, 2023 | Import/Export
Not withstanding a decline in exports in February, the outlook for exports for the nation is still positive, according to Ajay Sahai, Director-General and Chief Executive Officer of the Federation of Indian Export Organizations (FIEO). We will conclude with $447...
by DIGITAL MEDIA EXECUTIVE | Apr 10, 2023 | Finance & Economy
The government revealed its new foreign trade policy (FTP) for 2023 on Friday, sticking to its goal of $2 trillion in goods and service exports for 2030 while moving away from incentives and towards a system based on remissions and entitlements. The policy includes...
by DIGITAL MEDIA EXECUTIVE | Apr 4, 2023 | Textile Articles
The majority of industry and trade associations have given their approval to the Foreign Trade Policy (FTP) 2023, which the Indian government published on Friday. These organisations claim that the strategy will strengthen the nation’s economy in the face of new...
by DIGITAL MEDIA EXECUTIVE | Apr 3, 2023 | Import/Export
The Plastics Export Promotion Council (Plexconcil) has hailed the Foreign Trade Policy (FTP) 2023 as “forward looking and dynamic”. “The policy is duration free in the sense that there is no end date to the FTP so that the Government of India can respond dynamically...
by DIGITAL MEDIA EXECUTIVE | Apr 1, 2023 | Trade Analysis
Welcoming the New Foreign Trade Policy 2023, Shri Sunil Patwari, Chairman, TEXPROCIL said “The FTP 2023 provides continuity with a responsive framework and progressive, growth oriented and in the right direction”. One of the key highlights of the FTP 2023, Shri...
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 24, 2023 | Country Report, PRICE REPORT
India’s exports of ready-to-wear clothing (RMG) and raw textiles fell by 12.1% and 17.5%, respectively, in February of this year. According to the rating agency CRISIL, exports of leather and handicrafts both fell during the month (-28.3% and -14.5%,...
by DIGITAL MEDIA EXECUTIVE | Mar 24, 2023 | cotton industry
At the start of this century China was buying a little over one percent of Australia’s cotton production. 22 years later and the position is basically unchanged but a lot has happened in the years in between and many are now talking that strong Chinese demand for...
by DIGITAL MEDIA EXECUTIVE | Mar 23, 2023 | Country Report
PM MITRA Parks are path breaking effirts to attract large scale investments and accelerate the pace of exports in the textile Value Chain. Welcoming the announcement of the PM Mega Integrated Textile Region and Apparel Parks to be set up in Tamil Nadu, Telangana,...
