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India’s new Foreign Trade Policy 2023 aims to take exports to $ 2 trn by 2030

Four pillars of FTP 2023 are incentive to remission, export promotion through collaboration, ease of doing business and emerging areas. India's overall export - including services and merchandise exports - is expected to cross $ 760 billion this year (FY23).Read more

India will end up with a good engineering exports figure in FY23

In this interview, Arun Kumar Garodia, Chairman, EEPC India, elaborates on the prevailing global merchandise trade business and growth prospects for Indian engineering goods sector.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

Askar Microns plans to double production, eyes exports

Manufacturer of CNC machine tools for the past 27 years, Askar Microns is looking to capitalise on the growing machine tools market. At IMTEX 2023, it introduced two 45-degree slant bed designed machine tools.Read more

Vayana TradeXchange hosts roadshow in Gujarat for exporters

The event was organised in association with International Financial Services Centres Authority (IFSCA) and saw participation of various export promotion councils, banks, factoring & insurance companies, exporters/importers, MSMEs, officials from trade credit insurance companies, etc.Read more

Removal of export duties to strengthen steel sector: Jyotiraditya Scindia

PLI Scheme for specialty steel will result in an investment of close to Rs 46,020 crore and increase in capacity of almost 26 million tonnes, said Union Minister Jyotiraditya Scindia at the Indian Steel Association (ISA) conclave in New Delhi.Read more

Crossing the $2 trn export barrier

The Government of India has set a target of tripling annual exports to $2 trillion within five years to boost economic growth, increase the contribution of manufacturing sector to GDP and create jobs for the country's youth.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

Scaling up MSME exports

With all the policy stimulus and rapidly changing geo-political scenario, the share of MSMEs in India's export kitty is expected to scale up manifold in the coming years.Read more

India’s $1-trillion manufacturing export opportunity

India is on the cusp of structural shifts in the manufacturing sector. Driven by growth in priority sectors and propelled by favourable megatrends in manufacturing, India is expected to scale up its manufacturing exports to $1 trillion by FY28, says a Bain & Company report.Read more

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