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India can explore export opportunities in 19 agro-based commodities that together have a global market of USD 97.6 billion, recent data from the Food and Agriculture Organisation of the United Nations shows. India’s share in the global market for these products currently stands at a
+ Explore PostIn what can be termed as a major relief to exporters, the State Bank of India (SBI) has decided to withdraw charges levied on the issuance of Bank Realisation Certificate (e-BRC) for the export of shipments.Banks charge Rs 1000 as e-BRC fee for every shipment
+ Explore PostCII has identified 18 developing economies that hold the promise of sustained growth over the coming few decades based on current GDP levels and population indicators. These are: Brazil, Mexico, Indonesia, Turkey, Thailand, South Africa, Malaysia, Philippines, Egypt, Vietnam, Ethiopia, Myanmar, Ghana, Tanzania, Uzbekistan, Cote
+ Explore PostIndia aims to bring down logistics cost to below 10 per cent of the GDP from about 14 per cent at present to increase the competitiveness of the manufacturing sector, Som Prakash, Minister of State for Commerce and Industry has said."Currently, the logistics cost in
+ Explore PostThe Federation of Indian Export Organisations (FIEO) launched the “2nd LOGIX INDIA 2019”- International Buyer Seller Meet on December 12, 2019 at New Delhi with the active support from Ministry of Commerce & Industry, Govt of India.2nd LOGIX INDIA was inaugurated by Hon’ble Minister of
+ Explore PostThe Minister of Commerce and Industry, Piyush Goyal, recently informed the Parliament that Free Trade Agreements (FTAs) signed by India provide tariff concessions thereby giving opportunities for exports of products including those related to small and medium enterprises (SMEs). Some of the SME products on
+ Explore PostA DGFT notification has said the additional 2 per cent incentive under MEIS would lapse on December 31. The Government’s decision to withdraw by the year-end the additional 2 per cent incentive given to exporters under the popular Merchandise Export from India Scheme, is likely
+ Explore PostUnion Minister Mr. Hardeep Singh Puri, hoped that by next year India’s engineering exports will reach the target of USD 1 trillion. He gave away the Engineering Export Promotion Awards (EEPC) for the year 2017-2018 at a function in New Delhi.Speaking on this occasion he
+ Explore PostAhead of a new export incentive scheme – Remission of Duties or Taxes on Export Products (RoDTEP)-to be rolled out from next year, the Director General of Foreign Trade (DGFT) recently issued a notice that the additional 2% benefits given under the existing Merchandise Export
+ Explore PostTo push up stagnating exports of farm products, the Commerce Ministry has initiated an exercise to generate a list of agricultural, horticultural, animal husbandry and marine items with export potential. It will then share the information with relevant Ministries and Departments.A system of agriculture sector
+ Explore PostIndia’s existing free trade agreements (FTAs) with partner countries are likely to be monitored by a separate division to be created in the Commerce & Industry Ministry. This division will keep track of the extent to which FTAs are being utilised by Indian industry and
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Federation of Indian Export Organisations (FIEO) is organising the 2nd LOGIX INDIA 2019, the Mega Logistics meet in New Delhi from 12-14 December 2019.Over 300 International and Indian Logistics companies and stakeholders are attending LOGIX INDIA 2019 to develop superior Trade linkages with India.More than
+ Explore PostBusinesses of roughly 300,000 firms paying goods and services tax (GST) were likely impacted on Monday, 3rd November, as the Government had blocked e-way bill generation for non-compliant assessees.These businesses had not filed their monthly GST Return (GSTR)-3B for two consecutive months. The Government had
+ Explore PostThe Government would soon bring the tax refund scheme for exporters before the Union Cabinet and would notify it, Commerce and Industry Minister Piyush Goyal informed Rajya Sabha.Goyal said the Government is also encouraging its entrepreneurs to expand their manufacturing operations in the current global
+ Explore PostThe Minister of Commerce and Industry, Piyush Goyal, has informed the Parliament that India’s overall exports (merchandise and services) has increased from USD 498.63 billion in 2017-18 to USD 538.07 billion in 2018-19, registering a positive growth of 7.91% as compared to the previous year.
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“Setting up a High-Level Export Strategy Committee will implement the five-point agenda set out by the Prime Minister for enhancing the competitiveness of Indian PSEs by 2022. A short-term (5 years) and long-term (10 years) roadmap for the PSEs, clearly laying down exports and growth targets,
+ Explore PostThe Minister of Commerce and Industry, Piyush Goyal, has informed the Parliament that as per the WTO data released in April 2019, for the year 2018, India’s share in global exports for merchandise was 1.7 % and in global imports was 2.6 %. For the
+ Explore PostThe Commerce Ministry has sought views of all the Ministries, including Steel, Shipping and others on the draft National Logistics Policy, which aims at promoting seamless movement of goods across the Country, an official said.The draft policy also seeks to reduce high transaction cost of
+ Explore PostIndia is contesting the IMO Council Election for the biennium 2020-21 under category 'B' which is scheduled at IMO London on 29th Nov 2019. India has been a member of the IMO Council since 1959 and plays an important role in International Maritime Organization.India is
+ Explore PostIn a major relief for the export sector, the Customs Authority has directed tax officials not to insist on proof of realisation of exports proceeds for processing of input tax refunds.Delay in issuance of refunds has been a sore point for exporters since the switchover
+ Explore PostIndia's finished steel exports dipped 33.9 per cent to 6.36 million tonne (MT) in 2018-19, amid the Government's efforts to keep the Country as the net exporter of the metal.The Country produced 110.92 MT of crude steel during the same year, a rise of 7.6
+ Explore PostThe Government is working on two policies to increase micro, small and medium enterprise (MSME) exports and bring down imports by encouraging local production, Union MSME and Road Transport Minister Nitin Gadkari said recently.While addressing a gathering during the Small Micro Enterprise (SME) conference at
+ Explore PostWarning of a possible decline in exports and forex earnings, exporters have raised concerns over an abrupt disabling of rewards for them under the Merchandise Exports from India Scheme (MEIS) that was introduced to offset infrastructural inefficiencies, associated costs and encourage export of notified goods.At
+ Explore PostServices Export Promotion Council has urged the Commerce Ministry to widen scope of incentive scheme SEIS by bringing more services under it to promote the sector in overseas markets, a senior official has said. The foreign trade policy provides tax incentives under Service Exports from India
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India is the world's most "open and investment friendly" economy, Prime Minister Narendra Modi told business leaders of the BRICS group in Brasalia, urging them to invest in the Country and take advantage of its "limitless" possibilities. Modi said recently the five countries of the BRICS
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Trade Promotion Council of India (TPCI) said it has joined hands with Singapore-based Monetary Authority for supporting domestic SMEs for promoting their exports. A platform will be created to offer services to small and medium enterprises (SMEs) like connecting buyers and sellers of different countries, helping
+ Explore PostThe Gujarat Government has given an approval to a Compressed Natural Gas (CNG) terminal at Bhavnagar Port with a proposed investment of Rs 1,900 crore, said an official release. The facility, approval for which was given by the Gujarat Infrastructure Development Board headed by Chief
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Freight traffic handled by the Indian Railways almost remained static with a minor dip of 0.97 per cent during the first seven months of the financial year, owing to improved traffic from sectors such as minerals and ores, petroleum and container. This is despite a
+ Explore PostIndia’s exports of marine products to China has tripled and touched almost USD 800 million, in the first nine months of 2019, as per the data released by China’s customs authority recently. India’s marine exports are expected to cross USD 1 billion mark by the
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India jumped 14 places to the 63rd position on the World Bank's Ease of Doing Business ranking released recently, riding high on the Government's flagship ''Make in India'' scheme and other reforms attracting foreign investment.The Country also figured among the top 10 performers on the
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Amid rising trade tensions, American importers of sports goods, toys, stationery, cables and electronics parts have reached out to Indian sellers of these goods as Chinese products become expensive due to the US-China trade war. The US is looking to replace Chinese exports with Indian
+ Explore PostWhat is conveyer system?Conveyer system is the equipment which is useful in industries for moving material from one place to another. They are mainly used in the application such as transportation of the heavy materials. They help in efficient transportation. A most important part of
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Global exports are expected to total US$68.5tn by 2050 – four times their 2015 level – according to a new HSBC study that predicts a third wave of globalisation despite a recent fall in trade volumes.HSBC and Oxford Economics recently gathered expert opinions and analysed 150 years’
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Trade leads from Internet is an important aspect of international business and considered an inexpensive way of getting new buyers and consequently export orders. here are many sources on b2b trade leads which readers can easily find through search engines. However, for effective and profitable
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The partnership between India and Association of South East Asian Nations (ASEAN) countries is a decade old. The ASEAN countries comprise of Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. The best part being, trade between both India and ASEAN has
+ Explore Post
Exporting directly to small overseas retailers is a comparatively new phenomenon, brought about by Internet. Selling directly to small US or European retail outlets even 10 years back was an uphill task because of many hurdles like lack of information on buyers, expensive communication media,
+ Explore PostIf you are positive about our products or services feel free to get in touch via your preffered method.Send your detailed inquiry, and One of our team member will contact you at earliest
India can explore export opportunities in 19 agro-based commodities that together have a global market of USD 97.6 billion, recent data from the Food and Agriculture Organisation of the United Nations shows. India’s…read more
30, Dec, 2019
In what can be termed as a major relief to exporters, the State Bank of India (SBI) has decided to withdraw charges levied on the issuance of Bank Realisation Certificate (e-BRC) for the…read more
24, Dec, 2019
One of the most worrying trends that has developed recently – which will affect shipping demand in the years to come – is the falling trade-to-GDP ratio, according to BIMCO’s Chief Shipping Analyst…read more
21, Dec, 2019
CII has identified 18 developing economies that hold the promise of sustained growth over the coming few decades based on current GDP levels and population indicators. These are: Brazil, Mexico, Indonesia, Turkey, Thailand,…read more
20, Dec, 2019
India aims to bring down logistics cost to below 10 per cent of the GDP from about 14 per cent at present to increase the competitiveness of the manufacturing sector, Som Prakash, Minister…read more
17, Dec, 2019
The Federation of Indian Export Organisations (FIEO) launched the “2nd LOGIX INDIA 2019”- International Buyer Seller Meet on December 12, 2019 at New Delhi with the active support from Ministry of Commerce &…read more
16, Dec, 2019
The Minister of Commerce and Industry, Piyush Goyal, recently informed the Parliament that Free Trade Agreements (FTAs) signed by India provide tariff concessions thereby giving opportunities for exports of products including those related…read more
14, Dec, 2019
A DGFT notification has said the additional 2 per cent incentive under MEIS would lapse on December 31. The Government’s decision to withdraw by the year-end the additional 2 per cent incentive given…read more
13, Dec, 2019
Union Minister Mr. Hardeep Singh Puri, hoped that by next year India’s engineering exports will reach the target of USD 1 trillion. He gave away the Engineering Export Promotion Awards (EEPC) for the…read more
13, Dec, 2019
Ahead of a new export incentive scheme – Remission of Duties or Taxes on Export Products (RoDTEP)-to be rolled out from next year, the Director General of Foreign Trade (DGFT) recently issued a…read more
11, Dec, 2019