Commerce ministry to get PMO approval on list of items for Chinese import cuts

The government is weighing the pros and cons of halting imports, including that from China, on India’s manufacturing sector and the commerce ministry will soon submit to the prime minister’s office a list of items of inward shipments that can be restricted in the near future without impacting domestic manufacturing. The government has held various.

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Solar Modules are getting cleared through customs with some delays

Following the escalated border tension between India and China, the security checks at the ports are going on in full swing. Imported equipment and parts are being checked for malware, trojans and other security threats as well as for adherence to Indian standards. Many stakeholders say that the checks and delays are acting as impediments.

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Trade between India and Bangladesh through Petrapole-Benapole ICP resumes

The restrictions imposed by the West Bengal state government during the lockdown period had led to discontent brewing in India’s eastern neighbor with who New Delhi has worked hard to improve ties, a person familiar with the development said on Sunday. Trade between India and Bangladesh through the Petrapole-Benapole Integrated Check Point (ICP) has resumed.

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T.N. govt. opens exclusive cell to facilitate exports

The Tamil Nadu government has established an exclusive cell to facilitate exports, Neeraj Mittal, MD and Chief Executive Officer, GUIDANCE, said here on Saturday. At a virtual conference organised by the Confederation of Indian Industry (CII) on ‘Explore Export 2020’, he said GUIDANCE has now export promotion as a mandate with dedicated resources. The cell.

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Focus on countries with high anti-China sentiment: FIEO to exporters

The Federation of Indian Export Organisations in a recent online press brief urged Indian exporters to focus on countries with a strong anti-China sentiment like the United States, European Union, Japan, South Korea, Australia, New Zealand and Canada to do business with. While addressing the concerns of exporters in the country, FIEO released suggestions, expected.

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ICD, Ngp registers 60% jump in rice exports

On a monthly average 3,200 containers of rice have been exported as against 2,000 containers compared to the previous year Although most businesses are facing plethora of problems owing to lockdown induced by COVID-19, ICD, Nagpur managed by CONCOR has registered a jump in rice exports. “The company has registered 60 per cent rise in.

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Long road ahead for export recovery: Report

Any prolonged disruption due to COVID-19 could materially impact credit and liquidity profiles of companies in export-dependent sectors such as textiles, gems and jewellery, and auto ancillaries, a report on Wednesday said. Export recovery, which may begin from the second quarter, could get further delayed if the border standoff with China lingers on, an India.

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India plans incentives for auto companies to boost exports – sources

India is drawing up an incentive scheme for the autos sector aimed at doubling exports of vehicles and components in the next five years, four sources with direct knowledge of the matter, Reuters reported. The Department of Heavy Industries (DHI) has sought feedback from auto industry groups on the initial proposal, which suggests giving incentives.

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China top buyer of Indian steel under lockdown, accounts for 48% exports

In April and May, while India was under curbs to contain the Covid-19 pandemic, China emerged as the most important export destination for steel companies, accounting for about 48 per cent of total steel exports. According to Joint Plant Committee (JPC) data, finished steel exports to China during April 1, 2020 and May 31,2020, stood.

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