Exports

The demand for naphtha in India is projected to grow at a CAGR of 6.18% during 2019-2030 to reach 37,158 thousand tonnes by 2030.

The importance of Surat, the world’s largest diamond cutting centre, was highlighted in global markets when the industry hosted the Rapaport Trade Mission’s 36 international diamantaires and jewelers from the US, Singapore, UK, Lebanon, Japan, Israel, Austria, Australia, Italy and...

Downward trend in labour-intensive sectors of exports not good for the economy, said FIEO President Ganesh Kumar Gupta, reacting to export growth of a mere 0.64% for April 2019.

Indian defence industry sees good opportunities for exports to the South East Asian and Gulf countries where economic slowdowns have added to budgetary constraints in acquiring viable, cost-effective and reliable solutions.

Vice President, M. Venkaiah Naidu has informed the Vietnamese Prime Minister that India was ready to partner with Vietnam in satellite construction, both for civilian and non-civilian uses.

The World Trade Organization meeting, held 13-14 May 2019 in New Delhi, discussed recent developments and explored ways for working with all Members to strengthen the multilateral trading system.

FICCI has urged the Indian Government to use the mini-ministerial platform for creating alliances and consolidating support among World Trade Organization member-countries to revitalize the multilateral trading system.

India has signed a protocol for export of chilli meal to China following a meeting between Commerce Secretary, Anup Wadhawan and Chinese Vice Minister, General Administration of Customs of China (GACC), Li Guo.

The existential challenges to the multilateral rules based trading system are manifest in a spate of unilateral measures and counter measures, deadlock in key areas of negotiations and the impasse in the Appellate Body, said Commerce Secretary Dr Anup Wadhawan.

Chinese mills are set to continue importing Indian pellets of 64fe ore with traders expecting to export 10-11 million tonnes this year (2019), up from 9.5 million tonnes in 2018.