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Bangladesh crisis causes major losses to Indian auto manufacturers

Data from the Ministry of Commerce and Industry shows that Indian two-wheeler exports to Bangladesh were 3.6% by value in FY24, down from 3.69% in FY23 and 3.72% in FY22.Read more

India’s exports to reach $25 billion by 2030 without custom rule reforms; GTRI

China’s e-commerce exports totalled $331 billion in 2023, showcasing the potential for India if the right steps are taken.Read more

Auto component industry sees 9.8% rise with Rs 6.14 trillion trade surplus

Domestic component supply to original equipment manufacturers (OEMs) grew by 8.9% to Rs 5.18 trillion, with the electric vehicle (EV) manufacturing sector accounting for 6% of total component production.Read more

Budget 24-25: Customs duty reforms will help manufacturing and promote exports

New customs duty rates are proposed for commodities from lifesaving medicines to rare earth minerals.Read more

Vizhinjam Port to lessen time and costs by 40% for Indian manufacturers

The port, equipped with advanced facilities, including automated operations and modern infrastructure, aims to efficiently handle large ships. Read more

India’s defence exports rise 14 times from FY16 to over Rs 210 billion

Initiatives such as ‘Make in India’ and ‘Atmanirbhar Bharat’ have fostered a robust defence manufacturing ecosystem. Read more

TRSL to exploit export market amidst China Plus One; expand global reach

A team from Titagarh has been exploring business opportunities in South and Southeast Asia, West Asia, Africa, the US, and South America.Read more

MSMEs ask for Rs 50 billion export boost in Union Budget

The goal is to increase the number of active exporters and enable at least 300,000 to 400,000 first-time MSMEs to promote Indian products globally.Read more

India may gain from trade restrictions against China says IMF Chief Economist

The US and EU recently announced higher import duties on some Chinese products and FDI from China is already facing heightened scrutiny in several parts of the world.Read more

Interest subsidy scheme for exporters extended 2 months for MSME sector

The two-month continuation of the scheme for the MSME sector comes with an outlay cap of Rs 7.5 billion, while all other terms and conditions remain the same.Read more

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