Exports from SMP Kolkata facing several challenges due to surging freight rate, rice ban and also geopolitical turmoil
KOLKATA : Exports from SMP Kolkata (Kolkata Port), a Gateway to Eastern India, are facing several challenges including, geopolitical tension, a government-imposed rice export ban and skyrocketing ocean freight costs, which could lead to
Textile Ministry probably get a marginal rise of 2.5% in the Budget 2024
NEW DELHI : The textile ministry is likely to see a marginal increase of 2.5% in its budget allocation for fiscal year 2024-25, two persons aware of the matter said. The ministry had received ₹4,389
Interim Budget 2024: Exporters seek higher allocation for MAI scheme
NEW DELHI : Ahead of the interim Budget 2024, exporters have urged the government to allocate funds worth $3.88 billion for the Market Access Initiative (MAI) scheme to promote Indian exports and help them
India to export BrahMos supersonic cruise missile system in next 10 days: DRDO chief
NEW DELHI : India is set to initiate the export of ground systems for the BrahMos supersonic cruise missile within the next 10 days, with the missiles themselves expected to be dispatched by March this year,
DGFT calls for e-commerce boost to transform India into a global leader in gold jewellery exports
NEW DELHI : The Directorate General of Foreign Trade (DGFT) has urged the Gem & Jewellery Export Promotion Council to popularise jewellery exports through e-commerce and to position India as a top supplier, design
Apparel exporters seek tax incentives in Budget 2024 to boost manufacturing
NEW DELHI : In order to increase domestic manufacturing and India’s outward shipments, Apparel Export Promotion Council (AEPC), on Wednesday called for tax advantages like uniformity in GST and more interest subsidies. Tax breaks
Goods & services exports marginally up at $765.6 bn in 2023: MoCI
NEW DELHI : India’s Exports of goods and services rose marginally by 0.4 per cent to $765.6 billion in 2023 despite global economic uncertainties, according to the Commerce Ministry(MoCI) data. Sectors which helped keep
Indian exporters face rising costs after Houthi Red Sea attacks
NEW DELHI : The cost of Indian exports has more than doubled due to the Yemeni Houthi militia’s attacks on ships in the Red Sea, industry officials said. Around 80% of India’s goods trade