The Commerce Ministry on Monday provided an alternate method for the transfer of space by an exiting unit in a spe cial economic zone (SEZ), a move aimed at promoting ease of doing business. According to an instruction given to all zonal development commissioners of SEZs, the ministry said it has received representations from stakeholders … Read more
India’s exports jumped 45.17 per cent to USD 33.14 billion in August as against USD 22.83 billion in the same month last year, according to the commerce ministry‘s provisional data. The exports during April-August 2021 stood at USD 163.67 billion, an increase of 66.92 per cent over USD 98.05 billion in the same period a … Read more
The government on Tuesday relaxed norms for import of 12 lakh tonne of genetically modified crushed and de-oiled soya cake, used as livestock feed. The commerce ministry said the move will benefit farmers, poultry farmers and fishermen in a big way. “Import Policy… has now been relaxed to allow imports of 12 lakh metric tonne … Read more
Prime Minister Narendra Modi will interact with heads of Indian Missions abroad along with stakeholders of trade and commerce on Friday with a view to expand export potential and increase the country’s share in global trade, an official statement said. It added that exports have a huge employment generation potential, especially for MSMEs and labour-intensive … Read more
India’s agriculture exports (including marine and plantation products) have beaten the pandemic registering a growth of 17.34 per cent to $ 41.25 billion in 2020-21, a top commerce ministry official said on Thursday. Speaking to the media, commerce secretary Anup Wadhawan said that excellent growth of Agri exports in FY21 has come after it remained … Read more
Exports rose by 52.39% in the first week of June pushed by sectors including engineering, gems and jewellery and petroleum products. Imports surged by 83% in the said period, according to PTI which quoted preliminary data from Commerce Ministry. Total exports from June 1-7 stood at $7.71 billion while imports came in at $9.1 billion … Read more
Public procurement portal GeM has implemented several steps such as rapid onboarding of sellers of oxygen cylinders and concentrators, to enable easy buying of critical health equipment by government agencies in the wake of on-going second wave of the Covid-19 pandemic in the country, a senior official said on Monday. The Commerce Ministry launched Government … Read more