Aluminium exports from India to be hit hard if online system for tax incentives are blocked: AAI

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Blocking of the online system for exporters to apply for tax incentives under the export incentive scheme MEIS has created an “extremely precarious situation” for aluminium exports, the Aluminium Association of India (AAI) said. The move will further render exports vulnerable and uncompetitive, the industry body added. India’s commerce ministry has blocked the online system […]

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Jewellery manufacturers hit by new challenge of inadequate manpower to execute adequate export orders

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The gems and jewellery industry, which is witnessing an increase in export orders, is facing challenging times due to lack of skilled manpower as workers are either unable to come back due to transportation restrictions or reluctant to leave their families in times of crisis, the Gem & Jewellery Export Promotion Council (GJEPC) said. Demand […]

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July exports at almost the same level as the last year’s: India’s commerce minister Piyush Goyal

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Exports may be on a path of recovery with the merchandise sent to foreign nations in July reaching almost the same levels as a year ago, Commerce and Industry Minister Piyush Goyal said to the media. “Our exports have almost reached last year’s July level, with nearly 90 per cent of our export of July […]

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World’s top rice exporter India expects shipments to be unchanged this fiscal despite port problems

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World’s leading rice supplier India expects exports to remain unchanged this fiscal from last year, notwithstanding a port congestion following a covid-induced lockdown. “In April and May, vessels were not available. But the impact of the pandemic on logistics is subsiding and exports have started picking up,” Vinod Kaul, executive director of All India Rice Exporters […]

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Container woes at Kakinada port disrupts Indian rice exports; Thailand, Vietnam find opportunity

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India’s rice exporters are struggling to fulfil orders due to limited availability of containers. Irregular attendance of workers at the rice mills has further disrupted operations at Kakinada, the biggest handling port on the east coast, reports Reuters. Slowing shipments from the world’s biggest rice exporter could allow rivals like Thailand and Vietnam to raise […]

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Sale of iron and steel to China, Vietnam and Taiwan save plunging engineering exports in June 2020: EEPC

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Rising iron and steel exports to China, Vietnam, and Taiwan arrested the decline in outbound shipments of engineering products in June 2020, on a year-on-year (YoY) basis, vis-à-vis April and May, reveals data from Engineering Exports Promotion Council (EEPC).  There was an overall decline, nevertheless, on account of shrinking exports of high-value items like consumer durables. According […]

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