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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Cotton prices softer, but Indian garment makers’ revenues to decline by 25-30% this fiscal

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Despite softer cotton prices, revenues of Indian garment makers are set to decline by 25%-30% this fiscal year due to covid’s impact on demand, according to rating agency CRISIL. The impact will be felt more by garment exporters due to stretched receivables and tepid discretionary spending in the US and the European Union, according to an […]

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The Week That Was – Focus on trade, stimulus as India looks to agri for economic respite

A World Trade Organization (WTO) report said a substantial share of world trade continues to be affected by new and accumulated import-restrictive measures, which is cause for concern at a time when economies will need trade to rebuild from the effects of the COVID-19 crisis. “On a more positive note, the report shows that members […]

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China adds four VLOC terminals, more to come

(The story appears here courtesy our content partner Mysteel Global) China, the world’s top steelmaking and iron ore importer, has approved another four ports along the coastal line in east and south China to operate their berths for 400,000 deadweight tonnage (DWT) iron ore carriers, or very large ore carriers (VLOCs), thus increasing the number of […]

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“Make in India” pitch more persuasive for the renewable energy sector

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India is pushing hard to foster its domestic renewable manufacturing sector in a bid to curb dependency on imports, mostly from China, amidst growing clamour for boycotting Chinese goods following fresh border tensions between the two countries. Also, the Covid-19 outbreak which crippled Chinese export of solar cells and modules to Asia, exposed supply chain […]

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