Automobile, pharma firms big beneficiaries of export incentive scheme

NEW DELHI: Automobile and pharmaceutical companies have emerged as big beneficiaries of the Commerce Ministry’s export incentive scheme ‘MEIS’ as they have received the major portion of the disbursals. Under the Merchandise Exports from India Scheme (MEIS), the Government provides duty benefits at different rates depending on product and Country. The top 10 companies that
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MUMBAI: Two Indian companies — Sukhbir Agro Energy and Pattabhi Agro Foods — have bagged export orders of 600 tonnes of non-basmati rice from China, paving the way for the first shipment of the cereal to the neighbouring Country after it agreed last month to import it from India. The exports will take place soon
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Newport Shipping has inked cooperation agreements with several marine equipment suppliers and service companies as part of the London-headquartered company’s commitment to providing shipowners with quality turnkey shiprepair and retrofit solutions across its partner shipyards. Recent agreements with hatch cover specialist Navitech, machinery specialist IngeJov, and ShipParts.com for turnkey spares supply, allows Newport Shipping to
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After several unsuccessful attempts to refloat the Dutch cargo ship which ran agroundoff Caithness on July 18, a consortium of salvage companies has been appointed to move the vessel. The owner of the cargo ship Priscilla has appointed Multraship, Ardent and Wagenborg as salvors, HM Coastguard informed. Representatives from Ardent are expected to reach the
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China’s industry ministry on Friday said it has ordered 12 steel mills to come back into compliance following breaches of environmental, safety and other regulations, while it has removed another 19 companies from a qualified enterprises list. The breaches range from excessive pollution at Hebei Rongxin Iron and Steel Group to a failure by Shanxi
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