Industry body urges Centre to remove curbs on export of N-95 masks

The All India Mask Manufacturers Association on Friday urged the government to remove restrictions on the exports of N-95 masks, saying the country currently possesses a production capacity of 20 crore pieces a month as against the monthly export quota of 50 lakh units. Recently, the government relaxed curbs on exporting of masks and medical.

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Chinese goods worth Rs 20,000 crore lying at ports due to Covid-19 lockdown

Inflow of Chinese goods could see a rise in the October-December quarter as items worth about Rs 20,000 crore — primarily comprising electronics and electrical items, gifts, toys, footwear, home and kitchen appliances — still lie at the Indian ports waiting for clearance. The traders and importers who had placed their orders in November and.

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Onion shipments handed over to customs before export ban could be released

A decision has been taken that onion export shipments which were handed over to the customs before imposition of the export ban on the vegetable could be released for sending to various countries, the Ministry of External Affairs (MEA) said on Thursday. MEA Spokesperson Anurag Srivastava said the ministry is aware that many countries in.

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Vegetable exports jump 20% on strong demand, lower air freight and goodwill

Export of vegetables has risen to about 20% more than the pre-Covid levels, helped by demand from West Asia and Europe and lower air freight, exporters and officials said. Indian exporters also earned goodwill as they had ensured steady supply even when freight rates were high unlike countries like Egypt, China, Kenya and Dominican Republic,.

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Indian pharma sector set to emerge stronger due to higher exports

Higher exports are likely to help the Indian pharma sector to garner upto eight to nine per cent growth this fiscal. It is expected that the Rs 2.8 lakh crore Indian pharmaceutical sector is set to emerge stronger due to higher exports despite the COVID-19 pandemic this fiscal. A report by CRISIL says that the.

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Rising growth expectations pull up business sentiment in Q2FY21: CII Survey

As economic activity returns to normalcy, higher expectations on sales and exports in the second quarter have boosted the overall sentiment, according to the latest Business Confidence Index (BCI) of the Confederation of Indian Industry (CII). Released on Sunday, the BCI surged to the level of 50.3 in the July-September quarter. It bounced back from.

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Need immediate support from govt to push carpet exports: CEPC

Exporters body for carpet sector CEPC on Sunday sought immediate support from the government to push the outbound shipments as the labour intensive sector is struggling to deal with the COVID-19 induced disruptions. Carpet Export Promotion Council (CEPC) chairman Siddh Nath Singh said all the carpet units in areas like Agra, Mirzapur, Varanasi and Bhadohi.

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New rule for importers to get FTA concessions; industry raises concern

Beginning Monday, importers need to furnish proof of 35 per cent value addition in goods from the country of origin to claim duty concession under free trade agreements (FTAs). Without that, they will not get benefits, said a finance ministry official. While the move is aimed at plugging duty evasion through routing exports to India under FTAs,.

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