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Resume peas import via Thoothukudi Seaport, traders urge Centre

April 24, 2023 Import, Trade, Trending News
MADURAI : Traders on Saturday sought the Union government’s intervention to lift restrictions imposed on imports of peas through Thoothukudi seaport. The restriction on the import of peas via Thoothukudi seaport, which was the main

Indian business delegation to visit Russia to explore agri exports

April 22, 2023 EXPORT, Trending News
NEW DELHI : An Indian business delegation will visit Russia on April 24-27, the Indian exporters’ body said on Friday, a fresh sign of expanding bilateral trade ties as Moscow increasingly turns east in

India’s merchandise exports may cross $500 billion this fiscal

April 21, 2023 EXPORT, Trending News
NEW DELHI : The country’s merchandise exports are likely to cross $500 billion this fiscal due to healthy demand for domestic goods in key global markets, including the US, and benefits from trade pacts,

Engineering goods exports to US up 6.8% in FY23, and shipments to China down 52.4%

April 21, 2023 EXPORT, Trending News
NEW DELHI : The US has remained the top destination for India’s engineering goods exports in the financial year 2022-23 with total shipments value recording 6.8 percent year-on-year growth to $18.67 billion. The other key markets

India moves from China to Taiwan for High-Tech imports

April 21, 2023 Import, Trending News
NEW DELHI : As relations between the two neighbours remain strained, India seems to be working to reduce its dependence on China for telecom instruments and electronic components by increasing its imports from Taiwan.

India, Russia in talks on free trade deal

April 20, 2023 Export - Import, Logistics, Trade, Trending News
NEW DELHI / MOSCOW : India and Russia are discussing a free trade agreement (FTA) India’s Foreign Minister S. Jaishankar said on Monday, a move that would further deepen bilateral commercial ties that have

India’s share in global computer services exports jumps to 11% in FY23

April 20, 2023 EXPORT, Trade, Trending News
NEW DELHI : With software exports hitting a record high of USD 320 billion in FY23, the country’s share in global computer services exports has jumped to around 11 per cent in the year, according to

Services exports may reach USD 400 Bn during 2023-24: SEPC

April 20, 2023 EXPORT, Trade, Transport, Trending News
NEW DELHI : Buoyed by a significant jump in exports during 2022-23, Services Export Promotion Council (SEPC) on Wednesday said the healthy growth trend will continue and shipments are expected to reach up to

Rice exports cross record $11 bn in FY23

April 19, 2023 EXPORT, Trending News
NEW DELHI : India’s rice exports have crossed a record $11 billion in 2022-23, an increase of 16% from FY22. The volume of shipment, however, remained around the same level as last year at

DGFT lays out procedure for exporters to apply for amnesty scheme

April 18, 2023 DGFT, EXPORT, Trending News
NEW DELHI : The commerce ministry on Monday laid out a procedure for applying for amnesty scheme for one-time settlement of default in export obligation by certain exporters. The Directorate General of Foreign Trade
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