Exports

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.

Industrialists have suggested ways to reduce time for Foreign Direct Investment (FDI) approval during the Pre-Budget meeting with Finance Minister Nirmala Sitharaman in Delhi on 19 Dec 2019.

The Federation of Indian Export Organizations (FIEO) has called for “Double Tax Deduction Scheme for Internationalization of MSMEs” to allow MSMEs to deduct against their taxable income, twice the qualifying expenses incurred for approved overseas activities including market preparation, market...

Steel Minister Dharmendra Pradhan wants to make the steel sector more efficient and globally competitive and backed it with assurance that the Government will facilitate in the growth process.

The Confederation of Indian Industry (CII) has identified 18 developing economies that hold the promise of sustained growth over the coming few decades based on current GDP levels and population indicators and offer opportunities for Indian exporters.

The Government is stepping up engagement with EU, US, and UK to secure markets for Indian exports even as it withdrew from the Regional Comprehensive Economic Partnership, Commerce and Industry Minister Piyush Goyal has assured delegates at Export Summit 2019.

The Government is planning to invest around Rs.100 lakhs crore in logistics infrastructure in the next 5 years, Minister of State for Commerce and Industry Som Parkash said.

Domestic and global factors have led to the marginal 0.34% decline in November exports, noted FIEO President Sharad Kumar Saraf. November exports totalled US$25.98 billion.