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India can explore export opportunities in 19 agro-based commodities: FAO

30/12/2019

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

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In a big relief to exporters, SBI withdraws e-BRC charges

24/12/2019

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 export of shipments.Banks charge Rs 1000 as e-BRC fee for every shipment

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CII identifies 18 emerging economies & 53 products to boost export

20/12/2019

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, South Africa, Malaysia, Philippines, Egypt, Vietnam, Ethiopia, Myanmar, Ghana, Tanzania, Uzbekistan, Cote

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India aims to bring down logistics cost to below 10% of GDP : MoS

17/12/2019

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 of State for Commerce and Industry has said."Currently, the logistics cost in

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Commerce Minister (MoS) inaugurates FIEO’s 2nd Edition of LOGIX INDIA 2019

16/12/2019

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 & Industry, Govt of India.2nd LOGIX INDIA was inaugurated by Hon’ble Minister of

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Commerce Minister highlights benefit of FTAs to Small Exporters

14/12/2019

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 to small and medium enterprises (SMEs). Some of the SME products on

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Withdrawal of additional export benefit to hit shipments of farm, marine, engineering products

13/12/2019

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 to exporters under the popular Merchandise Export from India Scheme, is likely

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India’s engineering exports can reach target of USD 1 trillion by next year

13/12/2019

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 year 2017-2018 at a function in New Delhi.Speaking on this occasion he

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Export benefits of additional 2% under MEIS to end Dec 31 : DGFT

11/12/2019

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 notice that the additional 2% benefits given under the existing Merchandise Export

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Commerce Ministry to work with States to implement Agriculture Export Policy

09/12/2019

To 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

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Commerce Ministry division to track FTA utilisation

06/12/2019

India’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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LOGIX INDIA 2019 to focus on Global Logistics Cost Reduction to make our Foreign Trade Competitive: FIEO

LOGIX INDIA 2019 to focus on Global Logistics Cost Reduction to make our Foreign Trade Competitive: FIEO
05/12/2019

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

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Govt blocks GST e-way bill generation; move may impact 300,000 firms

04/12/2019

Businesses 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

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Govt to bring tax refund scheme for exporters before Cabinet : Commerce Minister

02/12/2019

The 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

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Commerce Minister highlights initiatives of Export Development Fund to boost exports

30/11/2019

The 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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Indian PSEs should boost Exports through High-Level Export Strategy Committee: CII

Indian PSEs should boost Exports through High-Level Export Strategy Committee: CII
29/11/2019

“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,

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Commerce Minister highlights share of Indian Global Trade and measures undertaken to boost exports

28/11/2019

The 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

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Commerce Ministry seeks views of different Departments & Ministries on National Logistics Policy

27/11/2019

The 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

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India contesting IMO Council Election for biennium 2020-21 : Shipping Ministry

26/11/2019

India 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

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CBIC eases input tax refunds for exporters

21/11/2019

In 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

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India’s finished steel exports fall 34 % to 6.36 MT in 2018-19 : Steel Minister

20/11/2019

India'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

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Govt. working on policy to push MSME exports: Nitin Gadkari

19/11/2019

The 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

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Exporters slam Govt move to ‘disable’ incentive scheme under MEIS

18/11/2019

Warning 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

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SEPC urges adding more services under export incentive scheme to boost shipments

16/11/2019

Services 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 World’s most open, investment friendly economy: Prime Minister tells BRICS Bloc

India World’s most open, investment friendly economy: Prime Minister tells BRICS Bloc
15/11/2019

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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India & Singapore inks pact to boost SME Exports from India

India & Singapore inks pact to boost SME Exports from India
14/11/2019

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

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Gujarat Govt. gives nod to World’s first CNG Port Terminal in Bhavnagar

13/11/2019

The 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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Railway’s freight traffic drops 0.97% in first 7 months of FY20

Railway’s freight traffic drops 0.97% in first 7 months of FY20
05/11/2019

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

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India’s marine exports to China heading for USD 1 billion mark

02/11/2019

India’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 moves up 14 spots to 63 on World Bank’s Ease of Doing Business ranking

India moves up 14 spots to 63 on World Bank’s Ease of Doing Business ranking
25/10/2019

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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Looking to replace Chinese imports, US turns to Indian products

Looking to replace Chinese imports, US turns to Indian products
24/10/2019

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

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Applications of different types of conveyer rollers

07/09/2017

What 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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Future of Trade: Top Five Trends

Future of Trade: Top Five Trends
07/07/2017

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 – How To Use Them Profitably

Trade Leads – How To Use Them Profitably
12/01/2016

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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INDIA & ASEAN Trade Relation

INDIA & ASEAN Trade Relation
26/12/2015

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

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Exporting to Overseas Retailers – Are You Ready ? 

Exporting to Overseas Retailers – Are You Ready ? 
26/12/2015

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,

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LATEST NEWS

India can explore export opportunities in 19 agro-based commodities: FAO

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 a big relief to exporters, SBI withdraws e-BRC charges

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

What Does 2020 have in store for Shipping : BIMCO

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 identifies 18 emerging economies & 53 products to boost export

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% of GDP : MoS

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

Commerce Minister (MoS) inaugurates FIEO’s 2nd Edition of LOGIX INDIA 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

Commerce Minister highlights benefit of FTAs to Small Exporters

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

Withdrawal of additional export benefit to hit shipments of farm, marine, engineering products

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

India’s engineering exports can reach target of USD 1 trillion by next year

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

Export benefits of additional 2% under MEIS to end Dec 31 : DGFT

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

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