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Trade Stuck at West Bengal-Bangladesh Land border, Exporters Raise Concerns

The West Bengal government is demanding that truck drivers coming from Bangladesh have to undergo a 14-day quarantine, in the wake of the COVID-19 pandemic, before entering the state with goods, consignments.
July 3, 2020, 8:56 pm explore: Business

Hyundai Motor India Passenger Vehicle Sales Plunge 54.39 Percent at 26,820 Units in June

Domestic sales in the last month stood at 21,320 units as against 42,007 units in June 2019, Hyundai Motor India said in a statement.
July 3, 2020, 7:57 pm explore: Auto

Customs Probes 18 Commercial Fraud Cases Booked During Lockdown Involving Goods Worth Rs 170 Crore

The goods being exported through these consignments under probe by the customs preventive officials were mainly ready-made garments and automobile parts.
July 3, 2020, 5:43 pm explore: Business

Maruti Suzuki Reports 54 Percent Sales Decline in June; Exports Down by 56.4 Percent

Domestic sales declined by 53.7 per cent to 53,139 units last month, as against 1,14,861 units in June 2019, Maruti Suzuki India said.
July 2, 2020, 6:52 pm explore: Auto

Chabahar Port a Game Changer, Achieves Record Single Loading of Cargo, Says Minister

Chabahar port, located in the Sistan-Balochistan province in the energy-rich Iran's southern coast, lies outside the Persian Gulf and is easily accessed from India's western coast, bypassing Pakistan.
July 1, 2020, 10:08 pm explore: India

Pharmaceutical Body Seeks Faster Clearances of Imports Stuck at Ports, Flags Disruption in Manufacture

A senior official of the ministry of commerce said most of the goods that have to be cleared by the customs came from China.
June 30, 2020, 8:22 pm explore: India

Engineering Exporters Wary of Non-clearance of Cargo from China at Indian Ports

Amid heightened border tensions with China, Indian customs officials have started physical inspection of all consignments coming from the neighbouring country, based on intelligence inputs, though there is no formal order.
June 30, 2020, 7:19 pm explore: Business

Govt to Roll Out Incentives for Auto Companies to Double Exports in Next Five Years

The move is part of India’s effort to create ‘champion’ sectors to attract investment, generate jobs and boost manufacturing.
June 30, 2020, 10:28 am explore: Auto

G20 Nations Imposed 59 Import-restrictive Measures in Six months: WTO

Tariff increases, import bans, stricter customs procedures, export duties and other such measures introduced during the review period affected 2.8 per cent of G20 trade, WTO said.
June 29, 2020, 11:06 pm explore: World

Stopping Import of APIs, Medical Devices from China Will Lead to Shortage of Drugs in India: Official

Dinesh Dua, Chairman of the Pharmaceutical Export Promotion Council of India (Pharmexcil), has flagged the Prime Minister’s Office (PMO) and the Ministry of External Affairs (MEA) about the issue asking the finance ministry to explain.
Sneha Mordani, June 29, 2020, 9:11 pm explore: India

Govt Allows Export of Covid-19 PPE Medical Coveralls; Monthly Quota Fixed at 50 Lakh Units

Commerce and Industry Minister Piyush Goyal tweeted: "Boosting Make in India exports, PPE medical coveralls for COVID-19 have been allowed with a monthly export quota of 50 lakh."
June 29, 2020, 8:38 pm explore: India

India To Export 50 Lakh PPE Coveralls Per Month To Boost Make In India Export

Partially relaxing export norms, the government on Monday permitted shipments of Personal Protection Equipment (PPE) medical coveralls for COVID-19 with a monthly export quota of 50 lakh units.
June 29, 2020, 8:34 pm explore: India

Requested Commerce Ministry to Allow Export of PPE Kits: Nitin Gadkari

Stressing that PPE has export potential, he said that people are getting orders for PPE kits from Dubai, Canada, the US and European countries.
June 27, 2020, 8:07 pm explore: Business

Chinese Parts Fuel Indian Auto & Pharma Sector, Industry Raises Concern on Import Ban

New Delhi has told firms to cut Chinese imports but two sectors, automobiles and pharmaceuticals, are facing challenges in implementing this directive
Satshya Tharien, June 26, 2020, 7:46 pm explore: India

Indian Embassies in Europe Suggest Various Measures to Boost Exports

They recommended that sectors such as electronic, telecommunications, textile, garments, leather and footwear, food products and agriculture, automotive, steel, and pharmaceuticals have huge potential in European markets for Indian exporters, the official added.
June 26, 2020, 5:51 pm explore: India

Going to Talk With US Counterpart in Next Few Days on Proposed Trade Deal: Piyush Goyal

India and the US are negotiating a trade deal to iron out differences and promote two-way commerce.
June 25, 2020, 10:47 pm explore: Business

Boycotting Chinese Products May Not be Feasible as India Depends on Them, Says Traders' Body

Federation of Indian Export Organisations (FIEO) President S K Saraf said that India needs to be cautious while banning or restricting Chinese goods.
June 25, 2020, 6:47 pm explore: Business

India's Sugar Output, Exports Could Rise in 2020-21, Says Trade Body

Maharashtra is expected to produce 10.13 million tonnes, up from 6.16 million tonnes this year as the cane area has expanded by about 43%, the trade body said.
June 25, 2020, 5:41 pm explore: Business

Exporters Asked to Get Origin Certificates for Shipments to ASEAN Members

India has a free trade agreement (FTA) with 10-nation Asean bloc. Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam are the members of the bloc.
June 24, 2020, 5:03 pm explore: Business

China Soy Buyers Ask Exporters to Guarantee Coronavirus-free Cargoes

The move comes as China tries to prevent any risk of new COVID-19 infections from imported goods as it takes aggressive measures to contain a recent spike in coronavirus infections linked to a sprawling wholesale food market in Beijing.
June 23, 2020, 11:09 pm explore: World

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