Seafood exports to China grow 42 per cent

Author Archives: admin

Seafood exports to China grow 42 per cent

China has emerged as a prominent buyer of Indian seafood, particularly the shrimp, in 2019 with export to the country registering the highest growth of about 42%. Indian seafood export to China reached $1 billion in January-November 2019, according to Marine Products Export Development Authority (MPEDA). In the same period of the previous year it […]

read more

Indian economy likely to rebound in 2020: CII

India’s economy is expected to rebound in 2020 on the back of measures taken by the government and the RBI coupled with easing of global trade tensions, industry body CII said on Sunday. The chamber also suggested a flexible fiscal policy that will set a central government’s target for the deficit in the range of […]

read more

EU’s wines, cars may get cheaper

The government is indicating flexibility in reducing import duties on wines & spirits and automobiles as part of the long-pending free trade agreement (FTA) with the European Union (EU). The two products were among a bunch of a set of contentious issues where India was unwilling to lower import duties a few years ago, resulting […]

read more

E-commerce, new industrial policies likely to be released this fiscal: DPIIT Secretary

The DPIIT is working actively on the e-commerce as well as new industrial policies, and both are expected to be released by the end of this fiscal, a top official has said. I personally feel that both these policies will be ready by this financial year end, Department for Promotion of Industry and Internal Trade […]

read more

Groundnut exports jump on strong Chinese demand

India is sitting on a huge opportunity to capitalise on the Chinese demand for groundnut oil. India’s groundnut oil exports has reportedly trebled at 40-45,000 tonnes so far over last year, with most of it going to China. According to trade sources, China has huge internal groundnut oil requirement, apart from re-export of India’s groundnut […]

read more

Punjab govt expects record cotton production this season

The Punjab government on Thursday said it expects record cotton production of over 18 lakh bales in the state this season as against 12.23 lakh bales last year.  This season’s expected cotton production is 18.20 lakh bales, against 12.23 lakh bales in the previous year, with average production per acre crossing the 10 quintals per […]

read more

India will soon break into top 50 in ease of doing business: DPIIT Secy

DPIIT Secretary Guruprasad Mohapatra on Thursday expressed optimism that India will soon break into the top 50 in the World Bank’s ease of doing business ranking. India jumped 14 places to the 63rd position in the World Bank’s ease of doing business ranking released in October. India was ranked 142nd among 190 nations when Prime […]

read more

India, US agree to further expand bilateral strategic cooperation at second 2+2 dialogue

India and the United States on Wednesday chalked out a roadmap to upgrade strategic relationship to a new level as they signed Industrial Security Annex (ISA) and three agreements under the Defense Technology and Trade Initiative (DTTI) to secure technology transfer and co-produce critical technologies. ISA will facilitate collaboration between Indo-US defense industries by supporting […]

read more

US gives ‘narrow exemption’ to India from sanctions on Chabahar for Afghan aid: Official

The US has provided a rare exemption to India from sanctions on the Chabahar port in Iran as it recognises that the strategic project is a lifeline for war-torn Afghanistan to get humanitarian supplies from India, according to a senior Trump administration official. The Chabahar port — being jointly developed by India, Iran and Afghanistan […]

read more

Indian sugar exports poised to hit record 5 million tonnes this year

India, the world’s biggest sugar producer, is poised to break its own export record this year thanks to a flurry of overseas sales in the past few months, prompted by attractive global prices, trade and industry officials said on Tuesday. Sugar mills in India have done deals to export 2 million tonnes in the new […]

read more