Key issues & Challenges of Export Sector as Enumerated by FIEO President, Mr Ganesh Kumar Gupta

The WTO has downwardly revised the forecast for the global trade both for the year 2018 and 2019 putting it at 3.9 per cent (earlier forecast 4.4 per cent) and 3.7 per cent (earlier 4 per cent), respectively. This is in line with revised forecast for the global economy at 3.1 per cent for 2018
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NEW DELHI: Indian sugar mills have signed deals to export raw sugar for the first time in three years as a rally in New York prices to seven-month highs along with Government subsidies made exports lucrative, five dealers and two industry officials said recently. Mills in the world’s second biggest sugar producer were reluctant to
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NEW DELHI: The Cabinet may approve India’s Agriculture Export Policy in the next few days, Commerce and Industry Minister Suresh Prabhu said on September 28. Stable trade policy regime, reforms in the APMC Act, streamlining of Mandi fee and liberalisation of land leasing norms are some of the key recommendations of the draft agriculture export
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NEW DELHI: Commerce and Industry Minister Suresh Prabhu will review sector-specific strategies to increase India’s exports 20% this year amid an uncertain global trade environment and credit availability. The Ministry has identified nine sectors, including gems & jewellery, leather, textiles, agriculture and pharmaceuticals, to drive India’s exports to $400 billion in the next five years.
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NEW DELHI: Commerce and Industry Minister Suresh Prabhu has flagged concerns over a “sharp decline” in export finance and asked Finance Minister Arun Jaitley to consider giving “priority sector” tag to export credit extended by banks. This comes days after Jaitley announced the Government’s plan to reduce non-essential imports and increase exports to bridge the
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China may issue an additional 3 million to 4 million tonnes of permits for refined fuel exports for 2018 to prevent state-owned refiners from having to slash throughput rates, according to three sources briefed on the matter. The government has been looking to keep fuel export quotas at around 43 million tonnes this year, steady
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The Arab Petroleum Investments Corporation (APICORP), the multilateral development bank focused on the energy sector, published its latest research report today, which this month analyses the impact on the Gulf’s oil dynamics of new fuel oil regulations for the shipping industry set by the International Maritime Organisation. The International Maritime Organisation (IMO) – a specialised
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HENNAI: Export of Ready Made Garments (RMG) continued its southward journey, recording a drop of 12.12 per cent to $6.61 billion from $7.522 billion from April to August in the corresponding time period last year due to the impact of the GST and the reduction in duty drawback. The year started with a 22.78 per
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Reacting to the August 2018 trade data, the FIEO President, Mr Ganesh Kumar Gupta, highlighted that exports have shown a high double-digit growth for four months in a row. However, while some of the MSME sectors of exports have come into positive territory, including gems and jewellery, leather and leather products, cotton yarn/fabs/made-ups, handicrafts excluding
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NEW DELHI: In order to ease the movement of fruits and vegetables from the ports of the Country, the Government has decided to build a special jetty in all the major ports, said Union minister for shipping, Mansukh Mandaviya. “Till now, Government of India used to provide subsidies for goods send by air cargo. Now,
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