Exports

The Micro Small and Medium Enterprises (MSME) sector has better adaptability to cater to the export market due to its smaller size and ability to adapt fast to market change, said Commerce and Industry Minister, Piyush Goyal.

The economic landscape has deteriorated so fast lately that FY20 is turning out to be a year of rapid downward growth revision, noted Dr. Sunil Kumar Sinha, Director - Public Finance & Principal Economist at India Ratings & Research (Fitch Group).

PHD Chamber of Commerce and Industry appreciates the government’s decision to review all existing Foreign Trade Agreements with its various FTA partner countries and groups, as India had very limited benefits from these pacts.

Eros Now, the cutting-edge digital over-the-top (OTT) South Asian entertainment platform, has partnership with Ooredoo Qatar, reaching out to the global audience while seeking new markets.

India’s exports and imports are expected to decline to US$332-$337 billion and US$493-498 billion in FY2020 from US$337.2 billion and US$517 billion, respectively in FY2019, says ICRA, a Moody’s Investors Service Company, in its latest report on Indian economy.

The India-Mauritius Comprehensive Economic Cooperation (CECPA) is near finalization as negotiations for trade in goods and trade in services have been completed, said the Commerce and Industry Ministry on 1 Jan 2020.

India has to boost its high-technology product exports with a new strategy, Sharad Kumar Saraf, President of the Federation of Indian Export Organizations (FIEO), has said in his market outlook for 2020.

India’s exports could face headwinds in the event of sustained global slowdown as has been witnessed so far, said the Reserve Bank of India (RBI) in its Economic Outlook for 2020.

Saudi Arabia and India share a commitment to expanding and liberalizing bilateral trade relations, said Saleh bin Nasser Al-Jasser, Saudi Minister of Transport in Mumbai on 23 Dec 2019.

Sunil Alaric D’Souza has been appointed Managing Director and CEO of the Tata Global Beverages Ltd (TGBL), assuming the role with effect from 4 April 2020.