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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

SANY India achieves milestone with export of 1,000 Telehandlers to the US

Aligned with the Indian government’s ‘Make in India’, this landmark export represents a strategic move towards fostering global markets from the Indian manufacturing landscape. The accomplishment reinforces SANY India’s dedication to serving customers worldwide.Read more

Indian exporters navigate global shipping challenges amidst Red Sea conflict

Dr Ajay Sahai, the DG and CEO of the Federation of Indian Exporters Organisation urged for local production of corrugated steel, a component not presently manufactured in India, through backward integration.Read more

Govt's PLI Scheme Spurs Rs 1.03 tn investment, exceeds Rs 3.20 tn in exports

As of now, companies participating in the scheme have received incentive disbursements totaling Rs 4,415 crore, compared to the Rs 1,541 crore disbursed by September.Read more

Commerce Minister Goyal unveils trade connect ePlatform to boost MSME exports

Functioning as an intermediary platform, the Trade Connect ePlatform will facilitate connections between Indian exporters, entrepreneurs, and various international trade stakeholders, as explained by a senior official.Read more

Indian auto exports decline 21% in 2023, passenger vehicles buck trend with 5% growth

This downturn was attributed to monetary and geopolitical crises in various overseas markets. The overall exports totalled 42,85,809 units in the last year, down from 52,04,966 units in 2022.Read more

India has potential to become a global export hub for green hydrogen: WEF

With affordable renewable energy, India can attract valuable international trade of green hydrogen derivatives, says a report by the World Economic Forum (WEF) and Bain & Company. To boost the country’s export potential, it is crucial to establish recognised standards, improve export infrastructure, and form strategic partnerships.Read more

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