Exports

A special purpose vehicle (SPV) of the Indian Ports Global Ltd has taken over interim operation of the Chabahar Port in Iran since 24 Dec 2018, Minister of State in the Ministry of Shipping. Pon Radhakrishnan, said in an update...

The Indian Register of Shipping (IRClass) aims to improve its global visibility through its presence at markets and industry events in 2019, having built a presence in 41 flag states.

Celanese Corporation said the acquisition of Next Polymers Ltd expands its global manufacturing footprint with a world-class domestic compounding facility and 10 production lines.

The Regional Comprehensive Economic Partnership (RCEP) would facilitate India’s Micro, Small and Medium Enterprises (MSMEs) to effectively integrate into the regional value and supply chains.

An Export Promotion Cell has been established to create a sustainable ecosystem for entire Ministry of Micro, Small and Medium Enterprises (MSMEs) which has product output of US$147.39 billion with 48.56% exported in 2017-18.

The Confederation of Indian Industry sees 2019 economic growth at 7.5%, citing better demand conditions, growing investments in infrastructure and critical spending on General Elections which must be held by coming May.

Commerce and Industry Minister Suresh Prabhu is not fully satisfied on the 2019 export strategy and has called for special focus on boosting shipments to the African continent and Latin American markets given the huge growth potential.

The Commerce Ministry is working on a comprehensive strategy to boost the Micro, Small and Medium Enterprise (MSMEs) sector by granting new patents in record time.

Indian Micro, Small and Medium Enterprises (MSMEs) have the capability to compete with global companies and become a part of the fourth industrial revolution as they build on the support of various Government schemes.

Turkey’s Minister for Trade Ruhsar Pekcan hopes a Free Trade Agreement (FTA) between her country and India could be finalised soon to ensure sustainability in trade relations.