Exports

India has started operating part of the Chabahar Port. The heads of Indian, Iranian and Afghanistan delegation jointly inaugurated the office of the Indian Special Purpose Vehicle (SPV), India Ports Global Chabahar Free Zone (IPGCFZ), at Chabahar.

Will Reserve Bank of India’s (RBI) credit restructuring scheme for Micro, Small and Medium Enterprises (MSMEs) work well for the banks and non- banking financial companies as the country seeks solutions to financial woes of businesses.

The extension of Interest Equalization benefit to merchant exporters will help in increasing country’s exports, said Ganesh Kumar Gupta, President, FIEO.

The Department of Pharmaceuticals will prepare its annual action plan which may re-visit the current policies based on inputs received from CEOs and international agencies, including the WHO, at the 4th edition of INDIA PHARMA 2019 and INDIA MEDICAL DEVICE...

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.