Exports News - Latest Updates & Headlines
Aero India drives Govt's vision for strong, secure, and self-reliant India: Rajnath Singh at curtain raiser event in Bengaluru
Bengaluru, February 9: Aero India is a crucial platform that drives forward the government's vision of a "strong, capable, secure and self-reliant India," said Defence Minister Rajnath Singh in Bangalore on Sunday.
Gujarat pulses exports surge to 2,47,789 tonnes from April of last year to January, doubling last year's figures
Gandhinagar, February 9: Gujarat recorded a substantial rise in the export of pulses, guar gum, and dairy products from April of last year to January, according to a release.
India's pharma exports has potential to reach $350 billion by 2047: Report
New Delhi, Feb 9: India's pharmaceutical exports are projected to double from approximately $27 billion in 2023 to reach $65 billion by 2030, and can further grow to an estimated $350 billion by 2047, according to a new report.
India on the path to hit record $800 billion in exports in FY25
New Delhi, Feb 8: India is on the path to achieve $800 billion in exports in the 2024-25 fiscal for the first time, according to the government, signalling a robust economy and continued growth across sectors.
India set to boost defence exports, Industry Quality Assurance conclave held in New Delhi
New Delhi, February 7: The Industry Quality Assurance (QA) Conclave, on the theme 'Collaborative Quality Assurance: Bridging the Gap Between Industry and Defence,' was held in New Delhi on February 07, according to the official statement.
Council for Leather Exports targets USD 47 bn by 2030; with special focus on footwear, exports
New Delhi, February 6: The Council for Leather Exports (CLE) has set a target of USD 47 billion by 2030, out of which USD 13.7 bn is for the export sector, according to Rajendra Kumar Jalan, Chairman, Council for Leather Exports.
Delhi International Leather Expo 2025 to provide robust platform for manufacturers, exporters
New Delhi, Feb 6: The Council for Leather Exports (CLE) is set to organise the Delhi International Leather Expo (DILEX) 2025 in the national capital this month, according to an official statement on Thursday.
India's fruit and vegetable exports surge 47.3 pc with APEDA's financial assistance: Commerce Ministry
New Delhi, February 5: India's exports of fruits and vegetables have witnessed a significant surge of 47.3 per cent in volume between the financial years 2019-20 and 2023-24, according to the Ministry of Commerce & Industry.
India's fruit and vegetable exports surge 47.3 pc in last 5 years
New Delhi, Feb 5: The financial assistance schemes of Agricultural and Processed Food Products Export Development Authority (APEDA) have helped India's fruit and vegetable exports surge by 47.3 per cent in the last five years, according to the government.
India doubles seafood exports in 10 years to Rs 60,524cr; eyes Rs 1.56 lakh cr target by 2030
New Delhi, Feb 4: With India's seafood exports more than doubling over the last 10 years from Rs 30,213 crore in 2013-14 to Rs 60,523.89 crore during FY 2023-24, the Centre is now aiming to achieve an export turnover of $18 billion (Rs 1.57 lakh crore) by 2030, according to a statement issued by the Department of Fisheries on Tuesday.
Israel: Export of Services decreases 6.2 per cent in November 2024
Tel Aviv, February 4: Israel's Central Bureau of statistics reported that in November 2024, the total export of services (not including the start-up companies) decreased by 6.2 per cent compared to the previous month.The export of services of the hi-tech industries (not including the start-up companies) decreased by 7.4 per cent compared to an increase of 10 per cent in the previous month.
US-China trade war to benefit India, say government sources
By Shailesh Yadav, New Delhi, February 4: The trade war between the US and China is going to benefit India, government sources told ANI.
China announces retaliatory tariffs on US, to impose 15 pc tariff on coal, LNG; 10 pc on crude oil
Beijing, February 4: After the US government announced a 10 per cent tariff on all Chinese goods exported to America, China on Tuesday imposed additional tariffs on various US goods, including a 15 per cent tariff on coal and liquefied natural gas, and a 10 per cent tariff on crude oil starting from February 10.
South Korea's exports of gasoline, diesel hit record high in 2024
Seoul, Feb 2: Exports of gasoline and diesel by major refiners in South Korea hit a record high last year, with over 50 percent of all imported crude oil shipped overseas after being refined here, data showed on Sunday.
Union Budget: India's domestic defence production reaches Rs 1.27 lakh crore, says MoD
New Delhi, Feb 1: In wake of Prime Minister Narendra Modi’s ‘Atmanirbhar Bharat’ vision, the Ministry of Defence (MoD) said on Saturday that the country’s domestic defence production has reached Rs 1.27 lakh crore.
Govt to bring framework to unlock potential marine sector with focus on Andaman and Lakshadweep: FM Sitharaman
New Delhi, February 1: Union Finance Minister Nirmala Sitharaman on Saturday stressed on unlocking the potential of India's marine sector and said that the government will bring a framework for sustainable harnessing of fisheries with a special focus on Andaman and Lakshadweep zones.
Highways expansion, agri credit growth, rural power availability: PM Modi shares key insights from Economic Survey
New Delhi, January 31: Prime Minister Narendra Modi has shared some of the "interesting data points" from the Economic Survey 2024-25, that was tabled in the Parliament on Friday.
India should leverage evolving global dynamics to accelerate growth: Eco Survey
New Delhi, January 31: India should leverage evolving global trade dynamics, such as greater protectionism, to accelerate its growth and enhance its presence in global trade, said the Economic Survey 2025, tabled in the parliament on Friday.
Image of Indian tea hit by re-export of cheap tea: TAI
Guwahati, Jan 30: An apex body of tea planters and traders on Thursday said that the image of Indian tea has been hit by the re-export of cheap tea imported from African and Asian nations.
'Made in India' Jimny 5-door SUV debuts in Japan
New Delhi, Jan 30: The 'Made in India' Jimny 5-door was unveiled in Japan on Thursday, marking the debut of the second-most exported model from Maruti Suzuki in FY 2024-25 in another major market.
Gujarat purchases 10 lakh MT groundnuts for Rs 6,700 crore: State Agriculture Minister
Gandhinagar, Jan 28: Gujarat purchased 10 lakh metric tonnes (MT) of groundnuts from 298 lakh farmers at the minimum support price (MSP), according to state Agriculture Minister Raghavji Patel.
Government likely to boost employment-linked incentives, skill development, and infrastructure to tackle inflation: Deloitte
New Delhi, January 27: The government is expected to enhance initiatives like Employment-Linked Incentives, skill development programs, on supply-side measures to manage food inflation, export competitiveness and infrastructure development according to Deloitte.
India-US bilateral trade records robust growth in Dec
New Delhi, Jan 26: India's trade with the USA is on the upswing with robust growth being recorded in December in the bilateral exports of the two countries despite the disruption in shipping due to geopolitical tensions.
South Korea's unit price of exported cars falls for 1st time in 8 years
Seoul, Jan 26: The unit price of South Korea's exported vehicles last year fell for the first time in eight years amid a prolonged slowdown in electric vehicle (EV) sales, data showed on Sunday.
South Korea's arms exports expected to rebound this year
Seoul, Jan 25: South Korea's arms industry exports may rebound this year after a slip for a second consecutive year, with its annual target set at over at least $20 billion, officials said on Saturday.
PLI booster: Smartphones now rank 2nd in exports, says Ashwini Vaishnaw
New Delhi, Jan 23: Union Minister for Railways and Electronics and IT, Ashwini Vaishnaw, said on Thursday that smartphones now rank second in India's exports from 14th position just four years ago.
Centre disbursed Rs 964 crore to electronics sector under PLI scheme in H1 of 2024-25
New Delhi, Jan 22: The Centre disbursed close to Rs 1,600 crore under the Production-Linked Incentive (PLI) scheme in the first half of 2024-25 with the large-scale electronics manufacturing sector getting the biggest chunk of Rs 964 crore, a senior official confirmed on Wednesday.
Commerce Ministry introduces diamond imprest authorization scheme to boost global competitiveness of diamond sector
New Delhi, January 21: Department of Commerce, Government of India has introduced the Diamond Imprest Authorization (DIA) Scheme on Tuesday, aiming to enhance the global competitiveness of India's diamond sector, the Ministry of Commerce and Industry stated in a release.
Centre introduces diamond imprest authorisation scheme to revive sector
New Delhi, Jan 22: With an aim to enhance the global competitiveness of India’s diamond sector, the government has introduced the Diamond Imprest Authorization (DIA) Scheme that will be implemented from April 1.
$100bn target of agri exports by 2030 achievable; needs bold policies: Experts
New Delhi, Jan 20: The target of $100 billion in agricultural exports by 2030 is achievable with clear and bolder steps, said experts. Closing the policy gaps and providing vital linkages for agricultural commodities can deliver better incomes to India's farmers.
India becomes 7th-largest coffee producer globally, exports soar to USD 1.29 billion in FY 2023-24
New Delhi, January 20: India is now the seventh-largest coffee producer globally with exports reaching USD 1.29 billion in financial year (FY) 2023-24, almost double the USD 719.42 million in 2020-21, the Ministry of Commerce and Industry stated in release.
India's annual coffee exports double to $1.3 billion in last 4 years
New Delhi, Jan 20: India's coffee exports have almost doubled in the last four years to touch $1.29 billion in FY 2023-24 from $719.42 million in 2020-21 with the country becoming the seventh-largest coffee producer globally, according to a statement released by the Commerce and Industry Ministry on Monday.
South Korea to expand export financing support amid Trump uncertainties
Seoul, Jan 20: The government here on Monday announced plans to provide extensive financial support to bolster exports this year, as uncertainties in the global trade environment are expected to intensify with the inauguration of US President-elect Donald Trump.
Kazakhstan limits potato exports to control domestic prices
Almaty, Jan 19: The Kazakh Ministry of Agriculture has decided to impose a six-month ban on potato exports to non-Eurasian Economic Union (EAEU) countries to stabilise domestic potato prices, a statement published by the ministry said on Sunday.
Libya plans to increase oil, gas production to 2 million barrels per day over next 3 years
Tripoli, Jan 19: The Acting Chairman of Libya's state-owned National Oil Corporation (NOC), Masoud Sulaiman, said that the company plans to increase daily oil and gas production to two million barrels over the next three years if "the right funds are made available."
India's seafood exports cross Rs 60,000 crore in FY25 to date, set for new record
New Delhi, Jan 18: India's seafood exports have crossed the Rs 60,000 crore mark in FY24-25 to date, according to latest government data.
India's exports of food goods jump 11 pc to $17.8 billion in April-Dec
New Delhi, Jan 17: India's exports of agricultural and processed food products registered a robust 11 per cent growth to $17.77 billion during April-December of the current financial year compared to the same period of the previous year, according to official figures.
Trump tariff hikes on Chinese goods may hit Indian exporters: Crisil Report
New Delhi, January 17: Trade restrictions planned by the incoming US President Donald Trump could lead to aggressive exports by China to other Asian markets, including India, according to a report by Crisil.
Apple enters top 5 smartphone players in India for 1st time with 10 pc market share
New Delhi, Jan 16: Apple, with its aspirational image and rising footprint, has entered the top 5 smartphone players in India for the first time, garnering nearly 10 per cent market share by volume in the October-December quarter (Q4) of 2024, industry data showed on Thursday.
India's sugar production declines by 14 pc (YoY), may miss estimates for sugar season year 2025
New Delhi, January 16: Sugarcane production in the country declined by 14 per cent in the sugar season year (SSY) 2025 compared to last year, which may lead to missing the estimates for SSY25, says a report by Centrum.