Export volume to top ten export destinations declined 7.7 per cent from $154.05 billion to $142.55 billion in 2016-17 whereas export volume to rest of the economies declined 16.6 per cent from $160.36 billion in 2013-14 to $133.73 billion in 2016-17.
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EEPC India, the apex organisation of the country’s engineering exporters, on June 22 launched the ‘EEPC India Technology Centre’ in Bengaluru with an active support from the Ministry of Commerce and Industry, an initiative aimed at making Indian exports competitive in the world market …
Department of Industrial Policy and Promotion (DIPP), under the Indian government’s Ministry of Commerce and Industry, in a notification dated 23 May 2017, has issued new guidelines on the startup scenario. These new recommendations are in supersession of the notification earlier issued by DIPP o…
The MoS for Commerce & Industry, Nirmala Sitharaman said that Trade Facilitation Agreement (TFA) envisages faster clearances and reduction of red tapism at the borders and would thereby help in the ease of doing business. She said that ratification of the TFA is bound to change the Indian tra…
In a boost for textile export, the government has included blended cotton yarn (both grey and dyed) for the benefit of duty drawback. In a notification early this week, the Directorate General of Foreign Trade under the Ministry of Commerce and Industry said yarn (other than sewing thread) with l…
The commerce department wants to create a fund aimed at boosting India’s shrinking exports, proposing a financing mechanism that would discourage exports of raw material and help local value addition. (MSMEs account for nearly 45 per cent of India’s exports). The Ministry of Commerce & …
