FIEO says Exports Dip in Oct due to trade tensions, rising protectionism

Reacting to a marginal decline in October exports by 1.1 per cent with USD 26.38 billion during the month Federation of Indian Export Organisations (FIEO) President Sharad Kumar Saraf  has said that trade tensions and rising protectionism has led to this fall in exports during the month. “Sluggishness in the economies across the globe coupled.

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Exporters slam govt move to ‘disable’ incentive scheme under MEIS

Warning of a possible decline in exports and forex earnings, exporters have raised concerns over an abrupt disabling of rewards for them under the Merchandise Exports from India Scheme (MEIS) that was introduced to offset infrastructural inefficiencies, associated costs and encourage export of notified goods. At a joint press meet, All India Spices Exporters Forum.

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India’s goods in low demand globally; exports contract in first seven months

While India aimed at substituting China’s role in exporting to major destinations, the country’s merchandise exports, on the contrary, shrank in the first seven months of the current fiscal year. India’s exports contracted by 2.2 per cent in the seven months to October 2019, according to the Ministry of Commerce & Industry. Among the top.

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Indian iron ore pellet exports rise on Chinese demand

India’s April-September iron ore pellet exports increased by 66pc from a year earlier amid a sharp increase in shipments to primary importer China. Exports were 66.01mn t in the first six months of the 2019-20 fiscal year that started 1 April compared with 39.7mn t the previous year, according to government data. Tighter supplies of.

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India resumes buying Malaysian palm oil as Kuala Lumpur offers discount

Refiners in India have resumed buying Malaysian palm oil after a gap of nearly a month and contracted around 70,000 tonnes of shipments in December as Kuala Lumpur has been offering a $5 (Rs 360 roughly) per tonne discount over supplies from rival Indonesia, five traders told Reuters on Thursday. The resumption in purchases by.

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US-China trade war is good news for India’s this export business

The ongoing US-China trade war provides huge opportunities to leather exporters to increase their shipments to America, CLE said on Thursday. Council for Leather Exports (CLE) Chairman P R Aqeel Ahmed said the sector’s exports grew about seven per cent to the US in the past four months.”The trade war gives huge opportunities to the.

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Assam gets its first export policy

Assam has got its first export policy to boost exports. The state has a competitive advantage through increased market penetration as well as to explore new markets for products in nine focus areas, which includes tea, its principal export item, wellness hospitality and health tourism. The export and logistic policy, 2019 will be in force.

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Onion import norms relaxed till December 31

The imported onions will be fumigated by the importer at Indian ports The government on Wednesday said the relaxation on fumigation and endorsement conditions for imported onions would be extended by a month till December 31. In a letter to officials at the Directorate of Plant Protection, Quarantine and Storage on Wednesday, the Agriculture Ministry.

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Indian coking coal imports contract through state ports

Indian coking coal imports moving through 12 key state-controlled ports during April-October have contracted amid weakness in the steel sector. India imported 33.4mn t during April-October, the first seven months of the 2019-20 fiscal year, up by 6.9pc from the same period last year, according to data from the Indian Ports Association (IPA). But April-September.

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