Exports

Be practical, Goyal tells industries Commerce and Industry Minister Piyush Goyal has told the industries to have a calibrated and rational approach to the problem faced during COVID-19, by evolving protocols and procedures. Such approach will help them in improving...

Goyal wants to reboot the economy Commerce and Industry Minister Piyush Goyal has told exporters to think big and be ready to harness the opportunity in the post-COVID-19 era. “If we improve our quality, build capacity, bring in economies of...

Container tonnage increased 1.02% Traffic handled at Major Ports from April to March 2020 increased 0.82% to 704.63 million tonnes from 699.10 million tonnes handled during the corresponding period of the previous year. During April to March 2020, Container tonnage...

Scanned-digital CoOs accepted FIEO has started the facility of the digital certificate of origin (both non-preferential and preferential, for which it is authorized) using FIEO’s online CoO system. This is in response to the challenges faced by the exporters during...

Extend 2015-2020 Foreign Trade Policy The Federation of Indian Export Organizations (FIEO) has raised points with the Commerce and Industry Minister Piyush Goyal on 27 Mar 2020 through videoconference. These were: Home Ministry: 1.     All manufacturing companies in exports should...

Moderate FTA utilization rate, reports Goyal India made a 7.1% cumulative average growth rate (CAGR) over five years in trade through bilateral Free Trade Agreements (FTAs) or Preferential Trade Agreements (PTAs) with Sri Lanka, Afghanistan, Thailand, Singapore, Japan, Bhutan, Nepal,...

Implement: Rs.102 lakh crore NIP now The PHD Chamber President Dr D K Aggarwal has suggested a seven-prong strategy to mitigate the impact of coronavirus on India’s trade and industry. Firstly, as there is a drastic fall in the business...

Saraf concern about likely order cancellation The Indian export sector has started feeling the pinch with many requests from buyers to hold back shipments till further instructions, noted FIEO President Sharad Kumaar Saraf who fears force majeure or cancellation. “We...

Goyal updates on export enhancing schemes India’s merchandise export has increased to US$330.07 billion in 2018-19, up 8.75% from US$303.53 billion in 2017-18 amidst challenges from slower global economies and financial crisis, said Commerce and Industry Minister Piyush Goyal on...

FIEO welcomes 2.91% increase in Feb exports FIEO President Sharad Kumar Saraf says the impact of coronavirus pandemic will be more visible in India’s exports figure of March onwards as will be the situation with major economies. Welcoming the nominal...