APEDA catapults agricultural exports from modest $0.6 billion to $26.7 billion in FY 2022-23
NEW DELHI : The Agricultural and Processed Food Products Export Development Authority (APEDA) has achieved a feat by significantly elevating India’s agricultural exports from a humble USD 0.6 billion in the fiscal year 1987-88 to an
CBI lens on export ‘scam’ at Maharashtra’s Nhava Sheva
MUMBAI : A multi-crore rupee fraud of bogus exports that appears to have made a mockery of the Central government’s export benefit scheme has been caught by the Central Bureau of Investigation, which is
Trade balance with Europe moves into deficit in FY24
NEW DELHI : India’s trade balance with Europe has moved into negative territory over the first three quarters of FY24, with imports exceeding exports during the period. This is a reversal from FY22 and
Commerce Ministry announces Progress on including SEZs, EOUs in RoDTEP Scheme
NEW DELHI : The Ministry of Commerce & Industry (SEZ Section), issued Office Memorandum vide Κ.43022/35/2019-SEZ dated February 16, 2024, updates on integrating SEZs and EOUs into the RoDTEP Scheme, based on previous communications. Hardware
AEPC Chairman said the government to suspend trans-shipment of Bangladesh export cargo via Delhi
NEW DELHI : Apparel exporters body AEPC on Thursday urged the government to suspend an order which allows the trans-shipment of Bangladesh export cargo to third countries through the Delhi Air Cargo complex. The
Textile and Apparel Exports fall in January
NEW DELHI : India’s textile and apparel exports are down in January 2024 as data issued by the Ministry of Commerce & Industry shows that textile exports registered a de-growth of 1.18 per cent
India’s January exports up 3%, trade deficit at a 9-month low despite Red Sea crisis
NEW DELHI : India’s merchandise trade deficit narrowed to $17.49 billion in January, lowest in nine months, as exports edged up by 3.1 percent year-on-year despite the ongoing crisis in the Red Sea disrupting trade as
Red Sea crisis : Indian exporters save on higher shipping costs as importers start sharing burden
NEW DELHI : Even as the Red Sea crisis pushes up shipping expenses, Indian exporters are getting some relief from the higher cost burden by negotiating rates afresh with their buyers, a government official