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Toy giants shift focus from China to India, exports surge 239%

According to a report by market research firm IMARC, the toy industry in India was valued at $1.7 billion in 2023 and is expected to reach $4.4 billion by 2032, exhibiting a growth rate of 10.6 per centRead more

Niti Aayog introduce plan to enhance MSME sector exports

The Indian government recently initiated the development of two defence industrial corridors, located in Uttar Pradesh and Tamil NaduRead more

DGFT partners with DHL to prepare MSMEs for export in 76 districts

DGFT has been collaborating with various e-commerce platforms and other service providers to handhold and hold capacity building and training sessions in the identified districtsRead more

Apple and Samsung front runners to boost India’s mobile phone exports

India’s mobile phone exports are expected to cross Rs 1.2 trillion at the end of this financial yearRead more

Munitions India has orders worth Rs. 6,000 crore to supply over next 3 years

India Defence Export tops 20,000 crore in 2023-24. MIL achieved a turnover of Rs. 4,200 crore in 2022-23Read more

India taking slow steps to beat China in electronics export

India houses Samsung Electronics Co.’s biggest mobile phone factory, while Apple Inc. makes at least 7 per cent% of all its iPhones in India through its contract manufacturer Foxconn Technology Group and Pegatron CorpRead more

India eyes Rs 3 trillion defence production by 2028-29

The Ministry of Defence was allocated Rs 6.21 trillion in the Union Budget 2024-25, which is the highest among the Ministries.Read more

GTRI urges govt to maintain import duties on smartphone components

The think tank suggested that maintaining the current import tariffs, ranging from 7.5 to 10% on imported smartphone parts, is essential for balancing industry growth and ensuring long-term development.Read more

India's electronics exports soar over 22%, fuelled by iPhone Surge and Production Incentives

Between April and December 2023, mobile phone exports constituted 52% of the total electronics exports, reaching $10.5 billion.Read more

Jindal Stainless navigates Red Sea crisis, adjusts export targets, eyes European expansion

Due to the Red Sea issue, both time and cost associated with shipments to Europe have increased. Jindal anticipates a decline in Q4 export sales, revising the target from 15% to around 12%.Read more

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