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Tag: India
Shrimp demand may increase seafood exports from India
Seafood exports from India could exceed $6 billion in the current financial year, driven by demand for shrimps in the global market. In 2016-17, India exported $5.78 billion worth of marine products. Cultured shrimps amount to about 70% of the ...Read More
Indian spices exports at all-time high
Exports of spices and spice products from India have touched an all-time high during 2016-17, said the Commerce and Industry Minister Nirmala Sitharaman recently. Spices exports from the country have touched Rs. 17665 crore in the year, compared with Rs ...Read More
Gems & jewellery exports rise
India gems and jewellery exports from India rose by over 11 per cent to $6.78 billion during the first two months of the current financial year. In April-May last year, the sector's exports amounted to to $6.1 billion, according to ...Read More
Furnace closures in China increase scrap exports
The closure of dangerous induction furnaces in China has caused flows of displaced steel scrap exports to India, Japan, South Korea and Taiwan, despite the country’s 40% export duty. A delegate told the Bureau of International Recycling (BIR) conference in ...Read More
US may put emergency tariffs on solar imports
The United States has notified the other 163 members of the World Trade Organization that it is considering imposing emergency "safeguard" tariffs on imported solar cells. There is a global battle to dominate the solar power industry, which has grown ...Read More
Indian Export recovery on stream
The Indian export sector started the last financial year badly, with exports falling by 6 percent in the very first month. By the end of the year the sector has distinctly reversed the trend, growing for seven months in a ...Read More
India celebrates 10 years of mango exports to Japan
The country will be close to completing a decade of export of the famed Alphonso mangoes to Japan this season, the Maharashtra State Agriculture Marketing Board (MSAMB) said. The first export consignment for the season has already left, and more ...Read More
UK car exports to India grow 11-fold in 7 years
Export of cars from Britain to India grew almost 11-fold in the past seven years with Land Rover and Jaguar models topping the best selling list, according to UK's Society of Motor Manufacturers and Traders. On the other hand, imported ...Read More
India Imports More Wheat
Wheat production in India will probably fall short of a government forecast, causing the world’s second-biggest grower to import a large quantity amid declining domestic inventory. Imports in 2017-18 may total 2 million tons, the second highest level in 11 ...Read More
Afghan dried fruit, herbal exports up
Officials of the Afghanistan Chamber of Commerce and Industry (ACCI) last week claimed an increase in the export of dried fruit from the province of southern Kandahar. They said that the quality of dried fruit had driven up demand in ...Read More
Pakistan puts cotton imports from India on hold
Pakistan has suspended cotton imports from its top supplier, India, because the shipments failed to fulfil phyto-sanitary certification. Traders say it is possible that rising hostility between the neighbours might have prompted Pakistan to restrict imports. This will help other ...Read More
Chinese firm exports transistor chips to India
The leading locomotive maker in China said last week that it has made its first bulk export of eight-inch transistor chips to India for upgrading the transformers of 100 electric locomotives to make the electric trains more energy-efficient. The state-run ...Read More
India’s Exports Showing Signs of Recovery
Container shipping companies, which handle about 55 percent of India's merchandise trade, say exports volumes are picking up. The improvement they have witnessed is starting to show in official exports figures, which in September rose at the fastest pace in ...Read More
Monsoon Rainfall Seen Trimming India Imports
India may import less sugar than predicted three months ago, after global prices surged to a four-year high and the first normal monsoon in three years boosted the outlook for domestic crop. Imports may total 1.25 million metric tons in ...Read More
Basmati exports from India on credit banned
Basmati rice exports are likely to be affected temporarily by a ban on their export on credit. The Agricultural and Processed Food Products Export Development Authority (Apeda) has restricted exporters from shipping basmati on credit, known as 'document against acceptance' ...Read More
Olive oil imports likely to rise 20% in 2016-17
India's olive oil imports are expected to rise 20 per cent to 13,500 tonnes this financial year, on the back of rising demand in large conurbations, a top Indian Olive Association official said. The country had imported 11,106 tonnes of ...Read More
Gold exports from India drop
Exports of gold jewellery contracted by 25.13 percent to $1 billion during the first quarter of the financial year, from $1.36 billion a year ago. Exports of gold medallion and coins too fell by 9.51 percent to $1.48 billion. The ...Read More
India leads China in pharma exports
India has maintained its lead over China of pharma exports, according to a statement by the ministry of commerce and industry. The country’s pharma exports rose 7.55%, from 2014 to 2015. China’s pharma exports rose 5.3% from $6.59 billion to ...Read More
South Africa aims to boost exports to India, France
Trade and Industry Minister of South Africa, Rob Davies says the country will use the up-and-coming state visits involving India and France to boost trade and investment, in a bid to boost exports to those markets. The Minister also said ...Read More
World’s Biggest Coal Producer Exploring Exports
Coal India Ltd., the world’s largest producer, is exploring options to export the fuel amid rising production and mounting stockpiles. The state-run miner, which produces the bulk of the country’s coal, is “exploring avenues to export” amid record production, Coal ...Read More
India’s apparel exports to decline 5%
India's apparel exports are likely to decline by five% during the first quarter (April-June) of the current financial year. This is because of the global economic slowdown and uncertainty over recovery. Apparel export was $4 billion in the same quarter ...Read More
India doubles grape exports to Europe
Exports of grapes from India touched an all-time high in 2015-16, with exports to Europe more than doubling compared to that in the previous financial year. At the same time, India became an importer of many other commodities such as ...Read More
Onion exports from India fall 6.75%
Onion exports fell by 6.75 percent to 8.28 lakh tonnes in the first ten months of 2015-16 because of restrictions on the overseas sale of this key vegetable. However, in terms of value, exports rose over 35 percent to Rs ...Read More
India’s wheat imports to hit decade high
India’s 2016/17 wheat imports are expected to increase more than five-fold to the highest in a decade, as a severe drought and unseasonal rains push domestic output down to the lowest since 2011. A spike in overseas purchases by India, ...Read More
India spice exports drop 6% in April-December
India's spice exports fell by 6.26 per cent to 6,03,885 tonnes during April-December 2015-16 on sharp decline in shipments of spice seeds and cumin. But in value terms, the spices exports increased to Rs 11,453.99 crore in the first nine ...Read More
Dairy segment gets Russia exports boost
India’s efforts to boost falling farm exports has got a boost as Russia has agreed to drop a stringent condition which was obstructing Indian exports of dairy products to that country. Once formalities are completed, major dairy producers like Amul ...Read More
Environmentalists wants freight corridor realigned
There is strong opposition to the Delhi-Mumbai Freight Corridor, because it will cause large-scale tree-felling at Sanjay Gandhi National Park. Environmentalists are demanding that the corridor be realigned. The freight corridor, which is part of the Delhi-Mumbai Industrial Corridor, is ...Read More
Mango exports in Maharashtra may see 15% jump this year
After a disappointing 2015 due to the vagaries of climate, mango growers in the state of Maharashtra in India are hoping for a 15 per cent increase in exports this year. Although the European Union lifted ban on imports of ...Read More
Work on Indian dedicated freight corridor begins
Work has commenced on the Rs 4328 crore project to build the 320-kilometre stretch of the western dedicated freight corridor. This will be a dedicated freight line connecting Delhi and Mumbai, and is expectedto be completed within 48 months. "This ...Read More
Tags: freight, India, rail freight
Coffee exports drop from India
India's coffee exports declined marginally to 3,00,522 tonnes in the 2014-15 marketing year due to multiple factors, including drop in global prices, according to the Coffee Board. Exports stood at 3,03,250 tonnes in the previous year. The coffee marketing year ...Read More
India’s biggest Jewellery exporter has designs on Europe
India's biggest jewellery exporter has informed the Bombay Stock Exchange that it plans to market designer jewellery in Europe and North America. The jewellery exporter said in a filing to the Bombay Stock Exchange that it has developed a special ...Read More
Asian imports of Iran oil fall slightly in July
Asian imports of Iranian oil fell slightly from a year ago in July, after a landmark agreement on Tehran's disputed nuclear programme that may pave the way for an increase in crude exports as early as next year. Imports by ...Read More
Pulse imports to India set new record this year
Indian importers are looking for huge quantity of chickpeas, yellow peas, pigeon peas (tur) and black matpe (chana) from Australia, Canada and other countries. Lower prices are expected, which is prompting importers to sign early contracts. Imports are being ordered ...Read More
Marine product exports from India raises huge foreign exchange
The ministry of commerce and industry in India has stated that during the financial year 2014-15, exports of marine products reached an all-time high of $5511.12 million. Marine product exports crossed all previous records in quantity, rupee value and USD ...Read More
India onion exports fall
Onions from India have gained fame worldwide for their pungency and good quality. In the last five years, however, erratic weather and shifting policies on export have left the country behind others. Countries such as China and Pakistan are fast ...Read More
India’s plan to curb steel imports could hit small mills
Steps by India to protect its large steelmakers from a flood of cheap imports could end up closing scores of small, local firms that process the metal, industry analysts and executives said. These processors currently buy imported steel at up ...Read More
Indian Poultry Industry Demands Soybean Imports to Compete with USA
The Indian poultry industry has demanded permission to import at least one million tonnes of soybean meal, to help them deal with the impending competition of cheaper imports of chicken legs from the USA. Producers think this will help the ...Read More
India signs biggest wheat imports deal in a decade
India has signed the biggest wheat import deal in over a decade, despite surplus stocks at home, with a deal with Indian flour millers and the local units of global trading giants to import 5,00,000 tonnes of premium Australian wheat ...Read More
India’s sugar exports may double
Sugar exports from India may double as farmers prepare to harvest the third-biggest crop ever, extending the country’s surplus for a sixth year. Farmers will be shipping 2 million metric tons in the 12 months starting October 1, according to ...Read More
Complex procedures delay imports
Lack of standard norms for clearance of inbound shipments at ports coupled with complex procedures lead to inordinate delay in imports,the government auditor of India said earlier this week. "It was seen that the procedural complexities and consequent delays in ...Read More
Railway freight scam in India
Country-wide surprise inspections in India have brought to light multi-crore irregularities at the Electronic In-Motion Weigh Bridges (EIMWB) where systematic manipulations in weighing freight has been detected. The surprise checks revealed an intricate web of railway officials and private vendors ...Read More
Tags: freight, India, rail freight
Indian Wheat imports hit five-year high
India has purchased some 80,000 tonnes of Australian wheat in recent deals, the biggest amount of such imports by Asia's third-largest economy in five years. The imports were necessary after unseasonal rains damaged the crop in the Indian subcontinent. Imports ...Read More
Cotton exports to fall as China curbs buying
Cotton exports from India, the world's second-biggest producer and seller, are expected to fall 41 percent to 7 million bales this crop year, ending on Sept. 30 as top importer China curbs purchases, the Textile Commissioner of India said. Last ...Read More
Buffalo meat exports decline
Buffalo meat exports from India are likely to fall, due to traders’ reluctance in bringing animals for slaughtering in registered abattoirs following a ban on certain kinds of cattle in Maharashtra and Haryana. The other big challenge for Indian exporters ...Read More
Indian Government prepares China export strategy
Concerned about the widening trade deficit with China which is expected to surpass $40 billion this financial year, the Commerce ministry of India is preparing an export strategy identifying specific products to boost outbound shipments to the neighbouring country. "The ...Read More
Indian mango imports to EU to resume
A ban on Indian mango imports into the European Union will be lifted, clearing the way for them to return to the UK and other EU member states. But imports of other foodstuffs such as Indian aubergines, two types of ...Read More
India Asks For Protection Against Cheap China Imports
Indian industries are seeking a limit on imports from China and a string of other measures to give local manufacturers a chance against a tidal wave of cheap Chinese imports. Industry players also urged a policy on import substitution, the ...Read More
Indian Railways’ freight traffic up 4.2%
The Indian railway has registered an increase in freight traffic during the six months between April and September this year compared with the corresponding period last year. According to data published by the Rail Ministry, marking an increase of 4.2 ...Read More
Apparel exports from India expected to increase
India's cotton and apparel exports are expected to climb by around 10 percent this year as higher wages, political instability and concerns about workplace conditions in other markets lead international buyers toward Indian exporters, industry officials said. The rise in ...Read More
India – PM says port development will increase exports
IndianPrime Minister Narendra Modi said development of ports is essential to promote exports from India and take the 'Made in India' brand global. The recently elected PM was speaking as he laid the foundation of a special economic zone (SEZ) ...Read More
Exports essential to India
As the Indian Prime Minister laid the foundation of a highway connecting the country's biggest container port to the hinterland, he emphasised repeatedly that if India wants to focus on exports it needs to focus on port-led development. "Port development ...Read More
India – Duty on solar gear won’t reduce imports
In a setback to the Indian government's bid to encourage domestic solar cell industry, solar power project developers have said that they would continue to import solar cells from different countries and would not source domestically, even if an anti-dumping ...Read More
Nepal Pashmina exports rebound
Nepali pashmina exports are doing well again in the international market despite facing stiff competition from other countries, said traders. Manufacturers had been trying to boost business and come out of an extended slump by creating new design ranges, and ...Read More
Nepal concentrates on quality exports
According to the Nepali pashmina industry, shawls, stoles and scarves in natural, multi-colour and artistic designs are the most popular Nepali products among importers. The country’s industry had plunged into a prolonged downturn after some traders began shipping poor quality ...Read More
India: Officials support Dedicated Freight Corridors
The future of the railways in India for the next five years will depend on how quickly it can activate three major projects — the east and west dedicated freight corridors (DFCs), transport of coal from three areas with huge ...Read More
India Railways should focus on freight
The new Prime Minister of India has promised significant investment in the railway infrastructure, so there is now a chance for real reform. The Railway needs to shift the focus to freight: in 1950, 90 per cent of India's freight ...Read More
Bhubaneswar State, India targets 10% export growth
The state government aims to achieve annual growth rate of 10% in exports from 2014-15 and has prepared a draft policy for it. The draft export policy has proposed several initiatives like business to business (B2B) exchange, district-level export promotion ...Read More
Record cashew exports from India
Cashew exports rose to a record high last financial year in volume and value compared with the previous year. Total exports during 2013-14 increased by over 13 per cent to 1,13,620 tonnes from 1,00,105 tonnes. “Performance in all the segments ...Read More
New foreign trade policy to boost exports from India
The Indian government has said that a new Foreign Trade Policy will focus on ways to boost India's exports, and reduce dependence on imports. "India being part of WTO cannot only think in terms its export promotion without equally supporting ...Read More
Record Buffalo meat exports from India to China
Though China has yet to formally open its doors to buffalo meat exports from India, a threefold rise (in dollar terms) in exports routed through Vietnam has lifted traders. China has, in principle, decided to allow direct imports, but the ...Read More
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