Houthi rebels to halt military operations against most ships in Red Sea
NEW YORK : Houthi rebels have said they will halt their military operations against most ships in the Red Sea, tanker chartering sources and brokers in Singapore, Tokyo and Dubai told S&P Global Commodity
India excludes liquor, cigarettes from duty concessions in Oman FTA talks
NEW DELHI : India has excluded over 100 product categories, including liquor and cigarettes, from customs duty concessions in the ongoing Free Trade Agreement (FTA) negotiations with Oman, sources revealed. While the FTA negotiations
Exports to China saw sharpest fall in December
NEW DELHI : India’s outbound shipments to four of top 10 export destinations – United Arab Emirates (UAE), the Netherlands, China, and Singapore – contracted in December last year, which led to a decline
India sets ambitious target of USD 250 Billion in engineering exports by 2030
NEW DELHI : Indian Government aims to achieve USD 1 trillion in exports by 2030, with USD 250 billion expected from the engineering sector, according to Commerce Secretary Sunil Barthwal. This ambitious target reflects
India’s regulatory system ensures transparent process for high-tech exports : DGFT Sarangi
BENGALURU : India’s Regulatory system is ensuring a robust and transparent process for exports of high-tech goods, a senior official said on Thursday. Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi said that
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