Export companies in Uttar Pradesh have experienced a remarkable surge in business, thanks to lucrative orders secured at the Uttar Pradesh International Trade Show held at the India Expo Mart. Many companies reported securing orders far exceeding their expectations, with several startups benefiting from contracts worth crores.
The US has retained its position as India’s top trading partner in the January-July 2024 period with bilateral goods trade surpassing $72 billion and Indian exports growing 9.3 per cent to $48.2 billion.
Russia has become the largest export of yellow peas to India pipping Canada which has been dominating the market so far, data from the Agricultural and Processed Food Products Exports Development Authority (APEDA) show.
Global rice prices fell on Monday after India, the world's No.1 exporter of the grain, gave the go-ahead for exports to resume, boosting global supply and helping poor Asian and African buyers secure more affordable supplies, exporters said.
The government on Monday extended benefits under the RoDTEP scheme for exports made from domestic tariff area (DTA) units for one year till September 30, 2025. The scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) provides for refund of taxes, duties and levies that are incurred by exporters in the process of manufacturing and distribution of goods and are not being reimbursed under any other mechanism at the Centre, state, or local level.
India has an ambitious target of exporting goods worth $1 trillion USD by 2030, said Anand Mohan Mishra, Joint Director General of Foreign Trade (DGFT) of Coimbatore, during a seminar ‘Export Finance and Trade Facilitation for the Apparel Industry’ in Tiruppur on Saturday.
In an exclusive interview ahead of his US visit, Commerce and Industry Minister Piyush Goyal discussed wide-ranging issues, including India’s export strategy, investment opportunities, key trade partnerships, manufacturing growth, the evolving trade relations with China, and more, with Shreya Nandi and Asit Ranjan Mishra at his office in Vanijya Bhawan.
India and Bhutan have decided to expedite development of cross-border and connectivity infrastructure, including establishment of an integrated check post in Jaigaon-Phuentsholing and rail-links between Kokrajhar-Gelephu and Banarhat-Samatse, the commerce ministry said on Friday.
Marking a decade of the transformative 'Make in India' initiative, Minister of Commerce and Industry, Shri Piyush Goyal, today urged the Indian industry to focus on prioritizing the production of high-quality goods to promote Brand India through sustainable practices in line with Prime Minister’s vision of Make in India with 'Zero Effect; Zero Defect'.