Piyush Goyal launches National Turmeric Board
NEW DELHI : Union Minister of Commerce & Industry, Shri Piyush inaugurated the National Turmeric Board in New Delhi. Shri Goyal announced Shri Palle Ganga Reddy as its first Chairperson. The headquarters of the
India’s Merchandise Exports see marginal dip of 1% in December 2024; FIEO urges Supportive Budget for Export Boost
NEW DELHI : Merchandise exports in December 2024 stood at USD 38.01 billion, reflecting a slight 1% year-on-year decline. FIEO President, Mr Ashwani Kumar, attributed this drop to volatility in commodity and metal prices,
India’s first E-Commerce Export Hub to launch by March : DGFT
NEW DELHI : India’s first E-Commerce Export Hub is set to start operations by March 2025, revealed Santosh Kumar Sarangi, Director General of Foreign Trade (DGFT). The pilot launch for these hubs has been
India’s Trade deficit shrinks to $21.94 Billion in December
NEW DELHI : India’s trade deficit dropped to $21.94 billion in December, improving from November’s $32.84 billion, driven by higher exports and lower imports. Merchandise exports rose to $38.01 billion in December from $32.11
Minister of Textiles inaugurates India Pavilion at Heimtextil 2025, Frankfurt
FRANKFURT : India showcased its growing strength in the textile industry as the Hon’ble Minister of Textiles inaugurated the India Pavilion at Heimtextil 2025, held at Messe Frankfurt. With the largest country participation at
Major drivers of merchandise exports growth in December 2024 include Electronic Goods, Engineering Goods, Rice, RMG of all Textiles and Cotton Yarn
NEW DELHI : India’s total exports (Merchandise and Services combined) for December 2024* is estimated at USD 70.67 Billion, registering a positive growth of 0.92 percent vis-à-vis December 2023.Total imports (Merchandise and Services combined)
Budget 2025: Trade think tank GTRI bats for cut in average import tariff to 10%
NEW DELHI : The Global Trade Research Initiative (GTRI) proposed six reforms for Budget 2025-26 to boost India’s trade and manufacturing. The proposals include reducing the average import tariffs to around 10 percent to
Comm Min may seek 5 year extension of interest equalisation scheme for exporters
NEW DELHI : The Commerce Ministry is likely to seek further extension of the interest equalisation scheme on pre- and post-shipment rupee export credit for another five years to promote the country’s outbound shipments,