Exports

Patel says passenger vehicle exports increased by 42.9% The Indian automobile exports increased by 35.9% to 5,617,246 units in 2021-22 from 4,134,047 in 2020-21, parliament was told on 7 Dec 2022. Export of passenger vehicles including cars increased by 42.9%...

MSMEs aim for annual exports of $2trn by 2030 Walmart Global Sourcing India Private Limited and The National Small Industries Corporation Limited (NSIC) have signed a Memorandum of Understanding on 6 Dec 2022, which will lead to MSMEs achieving annual...

FIEO advises exporters to opt for foreign currency denominated credit FIEO President Dr A Sakthivel said the increase in the Repo Rate by 35 basis points to contain inflation and the flight of capital is on expected lines with further...

Ten lakh jobs would be created in India under ECTA The India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) will enter into force on 29 December 2022, setting the pace for bilateral trade to cross US$45-$50 billion in 5 years...

Govt urged to provide 200% tax deduction on exporters’ expenditure The Federation of Indian Export Organizations (FIEO) has called for creation of an Export Development Fund with a corpus of minimum 0.5% of preceding year’s exports, pointing out that its...

Merchandise exports likely to increase by $10bn in 2026-27 Commerce and Industry Minister Piyush Goyal said that duties on 100% tariff lines would be eliminated by Canberra under the India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) which was approved...

MSME promotion programme launched in North Eastern Region-Sikkim Manipur will emerge as a premier gateway to the 665 million people strong markets in the Association of South East Asian Nations (ASEAN) because of the Central and State Governments' combined efforts,...

Mobile industry has grown to nearly 200 manufacturers, says Goyal India will launch a Free Trade Agreement (FTA) with Gulf Cooperation Council (GCC) next week while negotiations are underway for similar trade pacts with the UK, Canada, EU and Israel,...

Indian exports to Australia grew over 100% in 2021-22, says FIEO President Indian buyers are just waiting for the India-Australia Economic Cooperation and Trade Agreement (ECTA) to be ratified by Canberra so that tariff benefits may flow to them, according...

Dr Sakthivel says it is a stark reality that most economies are facing contraction The slowdown in merchandise export is a reflection of the toughening global trade conditions facing demand slowdown on account of high inventories, rising inflation, economies entering...