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Handset companies want India to become an export hub: EXPERTS

India needs to emerge as an electronics export hub, backed by high-end local manufacturing and designing, for long-term growth and for attracting investments from global handset players, senior industry executives advocated at a panel discussion and said that the new national policy can prove to be a catalyst in this regard. In a discussion on […]

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Textile products export fall in February

Except the cotton yarn/fabs/made-ups/handloom products category, all the other categories under the textile segment reported a decline in exports in February. Man-made yarn/fab/made-ups category has reported a decline of 2% in the month to $388 million, compared with $398 million in the year-ago period. Similarly, jute manufacturing (including floor covering) reported a decline of 10% […]

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India’s growth in last 5 yrs has been transformational: Shringla

The rapid economic growth and developmental strides of India in the last five years have been transformational and the country is all set to emerge as a USD 5 trillion economy in the next five years, India’s envoy to the US has said. India is one of the strongest major emerging economies, India’s Ambassador to […]

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India keen to host WTO mini ministerial

India has proposed to host an informal gathering of ministers of the members of World Trade Organization (WTO) in May to discuss the interests of least developed countries and developing countries in global trade rules amid the US accusing emerging economies of benefitting from exemptions meant for poor nations. India, which hosted a similar meeting […]

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Consider food processing technology

Punjab Agricultural University’s (PAUs) Kisan Mela series titled Process agricultural produce to make farming more profitable concluded at Krishi Vigyan Kendra (KVK), Rauni, Patiala, today. Over 137 stalls were set put which showcased farm literature, agricultural tools and equipments. Dr Baldev Singh Dhillon, Vice-Chancellor, PAU, was the chief guest. Dr Dhillon urged farmers to apprise […]

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Trade liberalisation, but on our terms

India has a whopping $104-billion trade deficit with the 16-member Regional Comprehensive Economic Partnership (RCEP) grouping, which was 64 per cent of India’s total trade deficit of 2017-18. No wonder, there is a raging debate on opening up a very significant portion of the market, given the sensitivities around agriculture- and labour-intensive domestic industries. Several […]

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Trade deficit narrows to $9.59 billion in Feb, exports grow by 2.4%

Exports took a beating for the fourth consecutive month, as growth in February fell to 2.44 per cent, with major foreign exchange earners such as gems and jewellery, engineering goods, and petrochemicals seeing sluggish growth. Imports also contracted for the second time in the past three months. As a result, the trade deficit figures fell […]

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India may push exports via G2G trade for food products

Worried over a slowdown in exports, the government is looking to use India’s good relations with other countries to push up exports through governmentto-government (G2G) trading arrangements for food products. The commerce department is exploring export of non-Basmati rice to the Philippines and Indonesia, and sugar to Egypt under this mechanism to boost exports that […]

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Morocco can be India’s gateway to Europe, W. Africa

Morocco could serve as a gateway for India’s exports to Europe, West Africa and the US due to a plethora of trade treaties with several countries and entities, a high-ranking official of the North African nation’s industry chamber has said. Morocco is included in the European Union’s European Neighbourhood Policy (ENP) which aims at bringing […]

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Expect $28-bn FDI in food processing this year: Harsimrat Kaur Badal

Union Food Processing Minister Harsimrat Kaur Badal expects more than $28 billion worth of foreign direct investments (FDI) in the food processing sector in 2019. The ministry is eyeing the next edition of its flagship investment show World Food India, set to take place in November, 2019, to reach that level. At the first edition […]

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