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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

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

Tata Motors to set up vehicle scrapping facility in Maharashtra

Tata Motors, India’s largest commercial vehicle manufacturer, signed a Memorandum of Understanding (MoU) with the Government of Maharashtra, through the Industries, Energy and Labour Department, Government of Maharashtra, with an intent to support setting up a Registered Vehicle Scrapping Facility (RVSF) in Maharashtra. Read more

Seize the export opportunity

The Government of India has set an ambitious target of reaching $ 400 billion in exports for the current year. With India achieving nearly a third of its annual target in the first four months of 2021-22, $ 400 billion seems to be within the reach. Read more

EPCOS AC motor capacitors are now BIS compliant

TDK Corporation announced that its subsidiary, EPCOS India Pvt. Ltd., fulfills all requirements of the Bureau of Indian Standards (BIS) for AC motor capacitors, which has been verified by accredited laboratories.Read more

National foreign trade directory released by MSME ministry

Giriraj Singh, Minister of State (independent Charge) for Micro, Small & Medium Enterprises(MSME), Government of India & MSME Secretary, Dr. Arun Kumar Panda, released a directory to facilitate the exporters during the recently concluded International SME Convention - 2018Read more

Inefficient logistics impacting competitiveness of Indian products

Minister of State for Commerce & Industry, C R Chaudhary said that India is losing 14% of GDP due to inefficient logistics which impacts the competitiveness of Indian products.Read more

TUV India Reinforces its Commitment to Oil and Gas Sector

As a global technical services provider in the fields of inspection, certification, testing, verification and conformity assessments, TUV India (member of TÃœV Nord Group) stands for safety and trust and meets technical, quality and performance-related requirements of its customers.Read more

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