Exports

Efforts are being made in reducing the product delivery cycle for exports/imports, said Ganesh Kumar Gupta, President of the Federation of Indian Export Organizations (FIEO).

Singapore’s Changi Airport is scoring well with growth in passenger traffic to and from India, with 4.76 million passengers handled in 2018, making India its sixth largest market.

The technical textile sector, one of the fastest growing segments of the Indian Economy, is set for a double-digit growth in the coming years and a market size of Rs.2 lakh crore by 2020-21.

The India Week, held in Singapore 24-27 Jan 2019, has set the pace of increasing exports of Indian origin products to markets of 640 million people in the Association of South East Asian (ASEAN) region.

Singapore, with market size of US$327 billion, had always been an important strategic trading post, giving India trade access to the Far East, said Ganesh Kumar Gupta, President of the Federation of the Indian Export Organizations on 25 Jan 2019.

A Singapore exhibition of Indian origin products has the potential to grow into a major platform for Indian exporters to reach out to the ASEAN markets of 640 million people of which 6.1 million are of Indian origin.

The Cabinet has given ex-post facto approval for amendment to the 'Framework on Currency Swap Arrangement for SAARC Member Countries' to incorporate a 'Standby Swap' amounting to US$400 million.

Mitsubishi Electric Corporation said its "India Coimbatore FA Center" in Coimbatore will further strengthen the service network of the company’s factory automation (FA) products in India and facilitate expansion of its FA system business.

The Jawaharlal Nehru Port Trust (JNPT), India’s premiere container port got listed amongst the top 30 container ports globally, as per the latest Lloyds Report.

India will host global steel industries at a three-day India Steel 2019 Exhibition and Conference being held in Mumbai 22-24 January 2019.