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India's plastic exports surge 5.6% in March 2024; but down by 3.5% in FY24

The cumulative value of plastics exports during April 2023 – March 2024 was $11,550 million, as against $11,967 million during the same period last year, registering a decline of 3.5 per cent.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

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

International Hardware Fair 2023, pioneers new era in global hardware dynamics

The much-anticipated International Hardware Fair India (IHF India) made a grand entry at Pragati Maidan, New Delhi, ushering in a new era for the hardware industry in India.Read more

India urged to prioritise domestic manufacturing amidst trade talks with UK

Negotiations between the two countries encompass 26 policy areas/chapters, with investment discussed separately as a bilateral investment treaty between India and the UK.Read more

Exporter Status certificates to be issued automatically on available data

Under the new system, introduced during a meeting with Commerce and Industry Minister Piyush Goyal and Export Promotion Councils, exporters no longer need to apply to the Directorate General of Foreign Trade (DGFT) for a Status Certificate.Read more

Ushering another era of growth in plastics processing

The plastics industry has consistently expanded in India increasing the amount and type of plastic produced. By focusing on sustainable manufacturing, India’s plastics processing industry can not only contribute immensely to environmental protection, but also create a healthy ecosystem for business growth and employment, says Sribash Dasmohapatra.Read more

K U Sodalamuthu receives award from Engineering Export Promotion Council

K S Balamurugan, MD of K U Sodalamuthu, received the award from Basavaraj Bommai, Karnataka Chief Minister, at a recently held function in Bengaluru.Read more

DEP bags second place in EPC awards

The award criteria were based on the organisation's yearly turnover accounting their exports.Read more

India records 54% jump in engineering goods exports in 9M 2021-22

Thanks to the Zero duty Export Promotion Capital Goods (EPCG) scheme, exports of India’s engineering goods jumped to $ 81.8 billion during April-December 2021 (Provisional) as compared to $ 52.9 billion during same period in the previous year (2020), registering a stupendous growth of 54%, said the Union Ministry of Commerce & Industry in a press release. Engineering goods sector constitutes the largest, more than 27%, share of India’s total exports basket during the period.Read more

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