The Tea Board of India aims to double its tea exports volume to Australia in the next five years. "Indian tea exports to Australia now stand at 3 million kg. This could double in the next five years," Executive Director of Tea Board C Paulrasu said, adding that Australia is looking only for specialty products such as green tea, flavoured
Commerce and Industry Minister Nirmala Sitharaman on Friday announced a number of measures that include establishing agencies in all coastal states for aquaculture and fisheries and incentives for exporting marine items, under the Merchandise Exports from India Scheme (MEIS).
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A sharp rise in rupee value against dollar has added to the woes of exporters, who want the government to step in and peg the fixed exchange rate, taking a cue from China.
The export of finished steel (alloy + non-alloy) has declined by 36.1% during April to December 2009, the Minister of State in the Ministry of Steel, A. Sai Prathap has informed in a written reply in the Lok Sabha on Thursday.
The Indian economy could grow close to 8 percent in the last quarter of the current fiscal, in view of sustained economic activities in manufacturing, exports showing recoveries and industry intensifying it's capacity utilization, according to an industry lobby.
With GMR issuing a directive saying that air cargo which had cleared customs but could not be airlifted because of cancellation of flights specially from Europe and America due to volcanic ash is subject to payment of storage charge, Indian exporters specially from Delhi got another hammer on their head. This was stated by S. P. Agarwal, President, Delhi Exporters Association.
Commerce and Industry Minister, Anand Sharma will soon meet Finance Minister, Pranab Mukherjee to discuss the issue of extending the interest subsidy of 2 percent on pre and post-shipment export credit to all export sectors which are still not doing well, a media report said Monday.
A ban on cotton shipments from India, the world's second-largest grower and exporter, may affect as many as 2.5 million bales of the commodity, the Cotton Association of India said in an e-mailed statement.
Russia's natural gas exports in the first quarter of this year reached 52.1 billion cubic metres, a 120 percent increase year-on-year, the energy ministry said on Friday in Moscow.
The government Friday lifted ban on exports of almost all varieties of raw cotton and cotton waste, but henceforth, exporters will have to apply for a license.
Garment exports from India dropped 2.64 percent to USD 10.64 billion in 2009-10 compared to USD 10.93 billion in the previous financial year, fresh data released by the Apparel Export Promotion Council (AEPC) showed.
The Federation Of Indian Export Organisations (FIEO) on Monday said that higher dollar inflows from Foreign Institutional Investors (FIIs) has created rupee volatility, which in turn, severely impacting the country's export sector.
The Apparel Export Promotion Council (AEPC) has said the government's decision to suspend sops for export of raw cotton and cotton yarn will have a sobering impact on booming fabric prices.
The U.S. commerce chief Friday said that the United States would complete its review of the exports control system this summer in a bid to boost its exports to emerging markets.
Commerce and Industry Minister, Anand Sharma on Tuesday said that the government will take a considered view on further export support measures and that the Directorate General of Foreign Trade (DGFT) carrying out a sectoral review on exports.
Plastic exports from the country are expected to grow by 10 percent in the current fiscal on account of increasing per capita consumption of the material globally, the Plastics Export Promotion Council said on Thursday.
Small and medium enterprises (SMEs) in the handicrafts sector have witnessed substantial export fall amounting to around 50 percent since 2007, said an official from the Export Promotion Council of Handicrafts (EPCH).
Exporters will get more time to make a claim for drawback re-export of imported goods as the Finance Ministry has recently amended drawback rules to empower the Customs Commissioner to provide six month extension of time limit for filing of drawback claims.