2021-08-18

In a first, India to import 1.2 mn tonne GM soyameal after govt clears air

In a first, India is all set to import 1.2 mn tonne of genetically modified soyameal, used as livestock feed, after the environment ministry and DGFT cleared the air on the GM issue, an official said

2021-08-18

India's July merchandise exports up 49.9% y/y

India's merchandise exports rose for the eighth straight month in July to $35.43 billion, up 49.85% from a year earlier, revised trade data released by the government showed on Friday.

2021-08-18

Home textile exporters set to register robust performance during FY22

Home textile exporters set to register robust performance during FY22

2021-08-19

Exporters want steel, pharmaceuticals sectors under RoDTEP scheme

The RoDTEP guidelines do not include sectors such as steel, organic & inorganic chemicals, and pharma under the scheme. According to commerce secretary BVR Subhramanyam, these sectors have been performing well, which is the reason why they have been excluded.

2021-08-19

RoDTEP scheme : Govt announces Rs. 12,400 crore outlay for tax refund of 8,555 export products

The government is betting on the scheme, a long time in the coming to make India's exports more competitive in the global arena. The tax refund rates revealed by the Commerce Department show that exporters will be given tax refunds in the range of 0.5-4.3 percent.

2021-08-19

International prices high, sugar industry hopes for good export season after over 4 years

IndiaÔÇÖs sugar industry is optimistic about a good run in the international markets in the upcoming 2021-22 season, as world prices are bullish.

Speaking to The Indian Express, Verma said the present price of 20 cents/pound for raw sugar translates into ex-mill realisation of Rs 3,100-3,150/quintal for raw sugar.

2021-08-20

Centre asks export community to target $2 trillion exports by 2030.

The Centre on Thursday asked the export community to target $2 trillion exports by the year 2030.

These comprise $1 trillion merchandise exports and $1 trillion services exports, Union Commerce Minister Piyush Goyal said in Mumbai. He exhorted all export promotion councils to take immediate and effective steps to rise to the challenge of achieving the merchandise export target of $400 billion for 2021-22.

2021-08-20

Govt approves Rs 11, 040-crore scheme to boost palm oil production

The Centre has approved the National Mission on Edible Oil-Oil Palm (NMEO-OP) with a financial outlay of Rs 11,040 crore to increase domestic production of palm oil and reduce dependence on foreign imports. At present, 98 percent of crude palm oil is imported from South East Asian countries.

2021-08-20

Cabinet approves Rs 11,040-crore plan to increase edible oils output

The Union Cabinet on Wednesday approved the National Mission on Edible Oils - Oil Palm (NMEO-OP) with a financial outlay of Rs 11,040 crore to increase the production of edible oils in the country.