Gems and jewellery exporters seek sops in India’s new foreign trade policy

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Gems and Jewllery exporters have urged the government to provide support measures in the next foreign trade policy (FTP), 2020-2025, being formulated by the commerce ministry, to boost the country’s outbound shipments. Different suggestions were made by representatives of different export promotion councils during their meeting with the commerce ministry. Gems and Jewellery Export Promotion Council (GJEPC) […]

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India-China border spat raises concerns over use of third-country channels for trade of commodities, other goods

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Tensions between China and India amid a military standoff at the disputed northern borders could potentially hurt commodities trade and encourage diversion to illegal channels, Biman Mukherji and Ritwik Sinha report. Chinese factories have reopened following the Covid-19 outbreak, but have to contend with slow demand in most markets. Indian industry is worried that Chinese suppliers […]

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India’s exports fall 60% in April as COVID-19 lockdown hits hard

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India’s merchandise exports contracted by a whopping 60.28 percent, a record, to $10.36 billion in April, the government said, as economic activity came to a grinding due to a coronavirus-triggered lockdown. Imports too tumbled by 58.65 percent to $17.12 billion in April from $41.4 billion in the same month last year, narrowing the trade deficit […]

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India’s exports face huge shock on liquidity crunch, missing labour due to corona lockdown – FIEO

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India’s exports are expected to witness a sharp downturn in the current fiscal year due to the coronavirus-triggered national lockdown that has resulted in massive cancellation of orders and little sign of situation returning to normal in coming months, the head of the country’s top exporters’ body said. Sharad Kumar Sharaf, president of the Federation […]

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India’s exports may touch $ 330-340 billion this fiscal: FIEO

India’s exports are expected to touch $ 330-340 billion during the ongoing fiscal on account of uncertain global situation and rising protectionism, exporters body FIEO said on Monday. During April-November, 2019-20, exports dipped by about 2 per cent to $ 212 billion. Federation of Indian Export Organisations (FIEO) President Sharad Kumar Saraf said the global […]

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Government of India permits duty free replenishment of precious metals for Jewellery exporters

The jewellery exporters have been permitted to claim duty free replenishment of gold, silver and platinum used in the manufacture of items sold abroad, according to the notification issued by the Ministry of Commerce. The notification amending Para 4.34(i) of the Foreign Trade Policy has been welcomed by the Gem & Jewellery Export Promotion Council […]

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INTERVIEW – FIEO pitches for inclusion of jewellery products in e-commerce exports list

The Federation of Indian Exports Organisation (FIEO), India’s apex export promotion body has asked for an expansion of the list of items that will enjoy export incentives through e-commerce. Considering the exponential growth potential in cross border e-commerce transaction in coming years, the association has particularly pressed for inclusion of jewellery products in the list […]

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India’s exports during 2018-19 expected to reach $350 billion – trade body

India’s exports could rise as much as a fifth in the current fiscal year ending March 2019 to reach about $350 billion, according to the Federation of Indian Export Organisations (FIEO), a leading trade body. In 2017-18, exports stood at about $303 billion. FIEO President Ganesh Gupta said that despite increasing global protectionism, the country’s […]

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