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APEDA and NSIC MoU to harness MSME export potential
The MoU also envisages ensuring sustainability and growth of MSMEs by addressing issues such as technology, skill, quality products and market access. Read more
Delay in notifying RoDTEP's remission rates hurting Indian aluminium exporters
The situation for exporters further aggravates with withdrawal of MEIS and till date the exporters are unable to avail the MEIS benefit for exports already made during FY-20 and FY-21 (Apr-Dec) due to blocking of online MEIS module for applying claims, said Aluminium Association of India.Read more
High steel prices hammering growth of Indian forging industry: AIFI
Steel is the basic raw material for the forging industry and typically constitutes 60-65% of the ex-factory value of forgings. Association of Indian Forging Industry (AIFI) urges government to ban exports of steel and iron ore for the next six to eight months.Read more
For the first time India’s auto component exports exceed imports
The industry clocks turnover of Rs 1.19 trillion ($ 15.9 billion) in the first half of 2020-21 (April-September 2020) registering a de-growth of 34%, as per the data released by Automotive Component Manufacturers Association of India (ACMA).Read more
October exports show degrowth of 5.4 per cent due to supply challenges: FIEO
FIEO also observed that the current industry is also showing signs of revival as both order booking position and Manufacturing PMI have risen.Read more
Despite decline in exports FIEO predicts move towards normalcy
14 out of the 30 major product groups were in positive territory during August 2020. Saraf added that the exports during the month for emergency and essential items apart from some labour-intensive sectors.Read more
IEEMA aims for $ 25 bn electrical & electronics exports by 2024-25: R K Chugh
After June 15, 2020, the Government took many steps to curb imports of electrical and electronics (E&E) products from China into India. In this interview with Rakesh Rao, R K Chugh, President of IEEMA, explains the benefits of these steps and road ahead for the industry.Read more
Government caps MEIS benefits to Rs 2 crores
The government has announced discontinuation of MEIS as a new WTO-compliant scheme, the Remission of Duties or Taxes On Export Product (RoDTEP) which will replace starting 1 January, 2021. Read more
Schmersal India expands export oriented unit at Ranjangaon in Pune
Export Oriented Unit combines German products, Indian craftsmanship, high quality and competitive prices and contributes to the economic success.Read more
Incentivise manufacturing services in SEZs to boost exports
About 90% of the manufacturing units in global supply chain are manufacturing service providers. Manufacturing services can be incentivised by providing them with SEIS benefits as they are WTO compliant, says Tamil Nadu Association of SEZ Infrastructure DevelopersRead more