Exports

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...

RCEP had not addressed Indian concerns India is negotiating 23 trade agreements with partner countries, having pulled out of the Regional Comprehensive Economic Partnership (RCEP), Minister of Commerce and Industry, Piyush Goyal, in a written reply in the Rajya Sabha...

LCA showcased in exhibitions Hindustan Aeronautics Limited (HAL) has responded to Request for Information (RFI) from overseas for supply of the Light Combat Aircraft (LCA) – Tejas, parliament was told on 11 Mar 2020. But a formal Request for Quotation...

Reforms boost exports, says Minister Naik Authorisation for defence exports have grown seven folds in the last two years to Rs.10,745.77 crore in financial year 2018-19 from Rs.1,521.91 in 2016-17, Rajya Sabha was told on 2 Mar 2020. It was...