700% growth in defence exports from 2016-17 to 2018-19: CDS
News | September 09, 2020 18:04 ISTGeneral Bipin Rawat, Catalysing Defence Exports, CDS Bipin Rawat, defence exporters
General Bipin Rawat, Catalysing Defence Exports, CDS Bipin Rawat, defence exporters
Indian brands, MSMEs (Micro, Small and Medium Enterprises) that are part of E-commerce giant Amazon's Global Selling Programme (GSP) have crossed $2 billion in cumulative exports. The company, which had started GSP in 2015, allows Indian companies to export to other countries through 15 Amazon websites globally.
Contracting for the third straight month, India's exports declined 36.47 per cent in May to USD 19.05 billion, mainly on account of drop in shipments by key sectors such as petroleum, textiles, engineering, gems and jewellery.
Gokaldas Exports, Karnataka's oldest garments manufacturer that supplies apparels to GAP, H&M, Reebok, Adidas among others has closed a unit and laid off 1300 employees under stress from the coronavirus pandemic fallout.
Profits derived from the exports of products by micro, small and medium enterprises (MSME) will be excluded from the overall turnover of a company, said Union Minister incharge of MSME sector Nitin Gadkari
Hyundai Motor India Ltd (HMIL) on Saturday said it has exported over 5,000 units this month after resuming production at its Chennai-based plant on May 8.
Restrictions on the exports of formulations made from Paracetamol were lifted by the government on Friday, amid coronavirus outbreak. However, restrictions on exports of Paracetamol active pharmaceutical ingredients (APIs) will continue on
Though several countries supply black tigers from both farmed and wild sources, India accounts for nearly 6 per cent of the global fish production and is the largest producer of shrimps in the world.
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.
UN economists announced a likely USD 50 billion drop in worldwide manufacturing exports in February alone as the extent of the damage to the global economy caused by novel coronavirus COVID-19 moved further into focus.
India, the world's largest maker of generic drugs, on Tuesday restricted the export of common medicines such as paracetamol and 25 other pharmaceutical ingredients and drugs made from them, as it looks to prevent shortages amid concerns of the coronavirus outbreak turning into a pandemic.
APIs and formulations, including Paracetamol, Vitamin B1 and B12, have been put under restricted category amid the coronavirus outbreak in China.
The government on Wednesday decided to lift the nearly six-month-old ban on export of onions in a bid to protect the interests of farmers as prices are likely to fall sharply due to bumper rabi crop.
Foreign Secretary Harsh Vardhan Shringla on February 25 shared information on United States Donald Trump's India visit.
US President Donald Trump at a joint press conference with Prime Minister Narendra Modi in Delhi informed that US exports to India are up to nearly 60 per cent.
The Congress leader urged the central government to take measures to protect the interest of farmers of these two states.
The anti-government protests in Hong Kong and the US-China trade war has already impacted the polished diamond exports from India and now the outbreak of deadly coronavirus is expected to decrease the overall exports.
Surat diamond industry is staring at a loss of Rs 8,000 crore in the next two months is exports to Hong Kong are hampered amid Coronavirus outbreak.
Majority of trade agreements being implemented by India have had "no effect" on the country's overall merchandise exports, according to the Economic Survey. It also said that products manufactured in India have clearly benefitted from eight out of the fourteen trade agreements considered in the survey.
India's basmati rice exports to Iran are likely to be affected because of rising tensions between the US and the Islamic republic, with domestic trade body AIREA asking exporters not to undertake any shipment till the situation improves.
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