Ministry of Commerce asks Export Promotion Councils to work on targets for 2023-24
NEW DELHI : The Commerce Ministry(MoCI) has asked Export Promotion Councils(EPCs) to work on export targets for current fiscal year and chalk out a detailed road map to achieve that. According to exporters, issues
India pushes for trade in rupees to boost exports amid global trade slowdown
NEW DELHI : India and Bangladesh have agreed in principle to use local currency for trade in a boost for India’s efforts to internationalise the rupee, reduce dollar demand and cushion Indian exports amid
Container freight rate slide on larger Indian trades slows amid contract negotiations
MUMBAI : The slide in container freight rates on some of the trades routes out of India seems to have slowed, according to the latest market analysis. On the westbound India-Europe trade, average contract
India to import 140 tonnes of gold from UAE at lower duty
NEW DELHI : The government has opened a fresh window to import 140 tonnes of gold from the United Arab Emirates at a concessional rate agreed under the India-UAE Comprehensive Economic Partnership Agreement for
India chooses to make electronics as its next big export segment
NEW DELHI : Electronics export from India has become the 6th largest export commodity segment surpassing the readymade garment basket, according to a governemnt estimate for selected major commodities. For centuries, Indian textiles used to go
India, EFTA nations discuss prospects of resuming FTA negotiations
NEW DELHI : India and the European Free Trade Association (EFTA), comprising four nations of Iceland, Switzerland, Norway, and Liechtenstein, on Wednesday discussed the prospects of resuming their negotiations towards a trade deal —
Indo-Korea bilateral trade grows 17% to record $27.8 billion in 2022
NEW DELHI : The bilateral trade between India and Korea grew by 17.3 per cent to USD 27.8 billion in 2022, according to Korea Trade-Investment Promotion Agency (KOTRA). In 2021, the value of bilateral
CEAT Tyres sees 25% revenues coming from exports
MUMBAI : CEAT Tyres sees a fourth of its revenue coming from exports and seeks to be India’s No.1 passenger car radial (PCR) tyre maker by 2026. As part of a plan to accelerate exports,