Exports

The Micro, Small and Medium Enterprises (MSME) sector exported US$147.39 billion in 2017-18, Minister of State for MSME, Giriraj Singh has told Lok Sabha on 11 Feb 2019.

Minister for Food Processing Industries Harsimrat Kaur Badal has laid foundation stone for Nandvan Mega Food Park Private Limited located at Badawal on Chhata-Barsana road in Mathura, Uttar Pradesh.

A new facility Bidadi, a Karnataka town on Bengaluru-Mysuru expressway, has started manufacturing branded products such as HOFFMAN and SCHROFF to the British and American standards.

India’s exports to China is improving after several years and is poised to achieve its highest ever shipments to the Chinese market this fiscal with more trade protocols being signed.

India is projected to reach 1,784 million metric tonnes (MMT by) 2024 supported by increasing government initiatives to enhance capacity and utilization of the country's major and minor ports, according to a research report.

The untapped bilateral trade potential between India and Africa is more than US$42 billion, according to a joint study by the Exim Bank of India and Afreximbank.

The International North-South Transport Corridor (INSTC) is part of the wider bilateral trade promotion being worked on by India and Russia, according to a joint statement in Delhi on 5 Feb 2019.

Commerce and Industry Minister Suresh Prabhu has invited Monaco industries to invest in the Indian services sector which is expected to contribute US$3 trillion to India's GDP once it is a US$5 trillion economy in the next 5-6 years' time.

India’s imports from China surged to US$76.38 billion in 2017-18 from 2016-17’s US$61.28 billion, Minister of State of Commerce and Industry, C. R. Chaudhary, told Lok Sabha on 4 Feb 2019.

The Federation of Indian Export Organizations (FIEO) has signed two Memorandum of Understanding (MoUs) with the Ceylon National Chamber of Industries and Kabul Chamber of Commerce and Industries to further promote commerce and trade.