January exports rise by 3%, despite Red Sea crisis; Trade deficit narrows marginally: FIEO
NEW DELHI : Responding to January, 2024 trade data especially exports which rose by 3 percent US$ 36.92 billion, Mr Israr Ahmed, President (Officiate), FIEO said that the increase in exports despite the Red Sea
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
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
India-UAE Logistics partnership boosts following the implementation of CEPA
DUBAI : The partnership between India and the UAE in the logistics sector has received a substantial boost following the implementation of the Comprehensive Economic Partnership Agreement (CEPA) on May 1, 2022. This groundbreaking
India, UAE sign bilateral investment pact during PM Modi’s visit
ABU DHABI : Prime Minister Shri Narendra Modi arrived here on 13th February, an official visit to the UAE. In a special and warm gesture, he was received at the airport by the President
US and EU impose countervailing duties on Indian products due to RoDTEP Scheme
NEW DELHI : The U.S. and the European Union have now imposed countervailing duties (CVDs) on four Indian products, as a retaliation against the Remission of Duties and Taxes on Export Products (RoDTEP) scheme
Engineering goods export to Russia hits record high as Ukraine war enters its third year
NEW DELHI : India’s export of machines, auto parts, steel and aluminum products, internal combustion (IC) engines, pumps and other items to Russia are on the rise, with outbound shipments in the ‘engineering goods’