Notably, China is the world's largest producer and exporter of APIs and many Indian companies depend on imports of the ingredients to produce various formulations.
Agricultural sector is the prime source of income for farmers in India. To pace up with the burgeoning population and cope up with the incessant consumer demands, the development of this sector is a must. Here’s what the agritech industry is looking forward to in the upcoming union budget.
Global Trade Research Initiative's report suggested that Indian exports may not be as impacted as other large economies by weak global demand in 2023.
Sugar exports: India has been the highest producer and the second largest exporter of sugar in the world in the current year.
The US and EU are impacting exports of key sectors including engineering, gems, and jewelry, and may have implications on India's exports in case the global situation does not improve in the coming months.
New Delhi: India-UK free trade agreement will help to boost the country's services exports, particularly from the legal, accounting, and auditing sectors, Services Export Promotion Council (SEPC)
Wheat flour export ban: "Export policy of wheat flour (atta) remains free but export shall be subject to recommendation of inter-ministerial committee on export of wheat," the Directorate General of Foreign Trade (DGFT) said in a notification.
The government has also allowed a wheat consignment headed for Egypt, which was already under loading at the Kandla port.
India, the world's second-biggest wheat producer, has banned wheat exports in a bid to check high domestic prices amid concerns of wheat output being hit by scorching heat waves.
It also clarified that wheat exports will be allowed on basis of permission granted by Govt of India to other countries to meet their food security needs and based on the request of their govts.
The theme of the Global Services Conclave 2021 was 'India Serves: Exploring Potential Growth Sectors Beyond IT/ITes'.
According to a statement issued by the ministry, the restriction applies to just three categories of syringes for three months.
Piyush Goyal asked exporters to achieve a target of $44 billion in exports of textiles and apparel, including handicrafts, for 2021-22.
India has allowed the export of onions lying on ports in transit to all countries including Bangladesh, says sources.
The government on Tuesday relaxed norms for the export of face shields, certain kind of surgical masks and medical goggles which are in demand due to coronavirus pandemic.
In times of coronavirus, public health has become an important concern. A green rice leafhopper was found in a container of Aluminium billets sent from India
Prime Minister Narendra Modi on Thursday laid out roadmap for making India self-reliant amid tensions with China and pitched for India to become an exporter instead of being an importer.
With exporters starting operating their manufacturing units with limited workforce, they are gradually getting enquiries from various countries such as the US, France, and Spain for products such as apparel, leather and engineering, amid lockdown on account of the COVID-19 pandemic.
The officials of United States on Tuesday urged India to lift restriction to give the US acess to pharmaceutical ingredients as demand in America surge due to coronavirus pandemic.
Tea planters and exporters are keeping their fingers crossed ahead of the new season in the wake of the coronavirus outbreak as they apprehend that the demand from overseas markets will decline and price realisation could be impacted.
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