Page 13 - Exports

Not a good time

Exporters are not interested in accepting new orders as there is hardly any profit in transactions

After 12 straight months of growth, real test for exports from September

Experts say 10.3% jump in August exports was on low base effect even as liquidity crunch remains and Rupee may appreciate

FY18 merchandise exports to see double-digit growth; to touch $315 bn: FIEO

BS ReporterHyderabad, 4 April: Federation of Indian Export Organisations (FIEO) today said it expects the merchandise exports from India would be around $ 315 billion and services exports to be about $ 185 billion in the financial year 2017-18.The Federation, which was set up by the Union Commerce Ministry, expects to end the year 2016-17 with an export of about $ 270-275 billion as compared to $ 262 billion in the previous year with a growth of around 3-4 percent for the year in the merchandise sector and $ 160-billion exports in services sector during the year.'As we had already touched $ 300-billion merchandise exports in the past also, we should look at more aggressively increasing our exports with previous six months, especially the February exports showing an impressive double digit growth of around 17.5 percent," FIEO president Ganesh Kumar Gupta said in a statement.Gupta, chairman of Mumbai-based Akaash Textiles Private Limited and Vijay Silk House Group took over as the new ..

Exports may touch $270 billion this financial year: FIEO

During the April-February period of the current FY, exports have grown by 2.52% to $245.4 billion

Rising export might handle strengthening rupee, say observers

Rupee is 3rd-best performing currency in Asia against dollar behind South Korea's won, Taiwan Dollar

Indian steel exports overtake imports after a gap of 3 years

Exports of Indian steel have surpassed imports after a gap of three years, courtesy government measures like the minimum import price (MIP).According to the Joint Plant Committee figures, during April-February, exports increased 77.48 per cent to 6.62 million tonnes while imports fell by 65.20 per cent to 6.59 million tonnes. Though the difference between exports and imports is just about 2,00,000 tonnes, the industry expects the trend to continue till March-end, if not longer."There is a strong possibility that on a 12-month basis also, exports will be higher than imports, as larger players like SAIL, Tata Steel, JSW Steel and Essar Steel, are all exporting. Going forward too, imports are likely to get substituted, as Indian producers are building domestic capability. Imports are mainly automotive and electrical steel, but some companies like Tata Steel and JSW are geared to meet automotive requirements," Jayanta Roy, senior vice president, ICRA, explained.It's a combination of ...

Global slowdown to impact exports of processed food in FY17: Report

Even as the food processing sector has outpaced agriculture in the last two years, export is likely to remain subdued this financial year due to slowdown in global demand, a Dun and Bradstreet report has said. "The food processing sector is poised for exponential growth with the government setting a target of doubling processing levels to 20 per cent by 2019, from the current 10 per cent," according to D&B report 'Food Processing - Sectoral Outlook 2017'. It said, the share of FPI in manufacturing value added is expected to increase, which aligns with the objective of 'Make in India, which provides an opportunity for companies to capitalise on the potential that the industry has to offer. However, exports of FPI related commodities declined by 18 per cent (year-on-year) to USD 29.7 billion during FY16, which was in line with the declining trend in the country's overall shipments, it said. While total cereal exports in FY17 would be close to last year's level due to tighter ...

Exports from SEZs touch Rs 2.36 lakh cr during Apr-Sep

States which have contributed maximum in the exports include Gujarat, Karnataka, Tamil Nadu, Maharashtra, Telengana and Uttar Pradesh

Single-window customs clearance extended for exporters

The move is expected to bring down transaction cost

Exports poised to grow on global demand rise

It is expected to grow this year with a rise in global demand

Exports to see steady growth, exceed last year's figure: Nirmala Sitharaman

During the April-October period of the current financial year, exports dipped by 0.17% to $154.91 billion

Exports arrest two-month fall, grow 4.62%

Second such instance in 22 months; import slide continues

Experts not hopeful of quick exports revival

Economic indicators from some advanced economies continue to be troubling

70k jobs lost in Q2 2015-16 on dip in exports: Report

The textiles sector was most affected witnessing a massive drop in contractual employment as outward shipments shrank, says the joint study by Assocham and Thought Arbitrage

Exports contract 0.3% to $21.51 billion in August

Imports dropped 14% to $29 billion; August trade deficit at $7.7 billion

India's exports to ASEAN stagnate, while imports up 33%: Assocham

While exports have remained at $ 25 billion since start of FTA with ASEAN, imports have rose by over 33% to $ 40 billion. This raises question mark on FTA.

Commerce min eases rules to promote exports

The commerce ministry has relaxed certain norms to promote outbound shipments and manufactured products from export-oriented units (EoUs), software technology parks of India (STPIs) and electronic hardware technology parks (EHTPs).The norm of mandatory warehousing requirement for EoUs and software and electronic hardware technology parks has been done away with.The Directorate General of Foreign Trade (DGFT) has also eased rules for the existing EHTP and STP units to avail tax exemptions in the case of conversion or merger of EoU and vice versa.In a notification, the department said an EoU, which is into agriculture, aquaculture, horticulture and poultry, might be permitted to remove specified goods in connection with its activities for use "outside the premises of the unit".Earlier, it was allowed only for outside the bonded area. DGFT has said this in a notification, amending the foreign trade policy (2015-20).The EoU scheme, which was introduced in December 1980, had allowed manufac

Services export up 13% at $13.46 bn in May, imports at $7.9 bn

The services sector contributes about 55 per cent to the country's gross domestic product

Exports of 7 farm commodities fall in May on weak global rates

Cereals, oil meals and dairy & poultry products too recorded negative growth during the month

Hope for exports: Is it real or imagined?

The pace of contraction in May was the lowest since November 2014, fuelling optimism that the decline in exports has petered out