July Exports Shown Double-Digit Growth Too: FIEO Chief Ganesh Kumar Gupta

Responding to the July, 2018 trade data, FIEO President, Mr Ganesh Kumar Gupta said that consecutively for third month in a row exports have shown double-digit growth, however the rate of growth has declined. MSME units particularly labour-intensive sectors such as marine products, RMG of all textiles, cotton yarn/fabs/made-ups, agri products, leather & leather products
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The Tea Board has said in its latest data that exports of tea from the country are expected to be more this year than in 2017, despite some reduction in prices, because of higher volumes slated for shipment. If this trend continues, overall shipments in 2018 will be a little higher than the level of
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The Cotton Association of India (CAI), in its July estimate of the cotton crop for the season 2017-18 beginning October 1, 2017, has maintained the crop estimate for the ongoing crop year 2017-18 at 365 lakh bales of 170 kg each, i.e. at the same level as in the estimates made by it during the
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China’s threats of new tariffs on $60 billion worth of U.S. imports will create shifts in the energy market, as American liquefied natural gas makes the list of goods Beijing will target, analysts said. The move to include LNG raised eyebrows as China had previously held back at including the fuel on the list of
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The U.S. in the next five years will become an energy exporting powerhouse — rivaling Saudi Arabia in oil exports and growing into one of the world’s largest gas exporters, regardless of its trade spat with China, analysts said. China slapped tariffs on a range of oil products, liquid petroleum gas and coal, as well
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Terming the banning of Letter of Understanding (LoU)/Letter of Comfort (LoC) post Punjab National Bank (PNB) scam a “knee-jerk reaction by the RBI”, a Parliamentary panel recently said the adversely impacted exports and the  MSME sector. After the ban, e Export credit too declined 24.4 percent in the 2017-18 financial year and was down 29.6
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With the new US sanctions against Iran set to that came into effect from 7th August, the fate of India’s rice and tea exports may now depend on the possible exemption of food and medicines from the sanctions and the agreement on oil imports reached between New Delhi and Tehran. “We are keen to study
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NEW DELHI: India should focus on new categories such as machinery, vehicles and transport parts for export to the US where it has a competitive advantage in the US-China trade war, according to a report. The report ‘New Export Opportunities for India in Trade with US and China’ by the Confederation of Indian Industry (CII),
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WASHINGTON: The US’ export to India in both goods and services has increased this year, resulting in a substantial drop in trade deficit as compared with the last year, according to the latest official figures. As per the figures available with the US Department of Commerce’s Bureau of Census, in the first six months of
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NEW DELHI: Exports of farm and processed food products registered near 6 per cent growth in dollar terms to $4.68 billion during the April-June quarter over the corresponding period last year. In rupee terms, the growth was higher, at around 10 per cent, touching Rs. 31,397 crore as against Rs. 28,564 crore in the corresponding
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