The Soybean Processors Association of India (SOPA) revised upward the exports of soybean meal from India in the 2023-24 oil year to 22.75 lakh ton, up 24 per cent from the preceding year. The trade organisation, in its latest assessment, elevated the exports in the previous oil year to 22.75 lakh ton compared to 18.36 lakh […]
Exim News Service NEW DELHI, Nov. 21 INDIA’S trade relations with the US will continue to grow irrespective of the change in the American regime, said Mr Sunil Barthwal, Commerce Secretary. He added that the two economies have strongly integrated with each other through various agreements, including the IPEF (Indo-Pacific Economic Framework for Prosperity) and […]
NEW DELHI: The Govt. of India has prepared a ‘City Logistics Plan’ for metros such as Delhi and Bengaluru for efficient freight and logistics movement within the city, a senior official of the Department for Promotion of Industry and Internal Trade (DPIIT) said on Wednesday, 20th Nov. Efficient freight and logistics movement in turn will […]
Despite ongoing geopolitical issues and limited market share in Bangladesh, exporters are seeing growth, fuelled by depleting stocks and improving global economies Despite continuing wars and the Red Sea issue and India not taking any meaningful slice of the Bangladesh’s market, India’s garment exports are rising. Exporters attribute this to mainly to the depletion of […]
The Germany-based Global Organic Textile Standard (GOTS), which regulates the organic status of textiles worldwide, has banned five Indian cotton companies for two years after uncovering fraudulent activities. The companies were found using fake shipping firms and manipulated documentation to falsely claim organic certification. Two of the banned companies — Farmers United House and Om Organic Cotton […]
The United Kingdom pipped China as the fourth-largest market for Indian goods in the first six months of the fiscal for the first time since 2016, according to a data released on October 16. Singapore is closing the gap with China, the data showed. In 2023-24, India’s exports to the UK were 29 percent lower than that […]
APM Terminals Mumbai at India’s Nhava Sheva Port (JNPA) is grappling with capacity pressures due to volume surges from more ship calls, according to industry updates.APMT Mumbai, also known as Gateway Terminals India (GTI), is one of five box facilities in Nhava Sheva, which handles a significant portion of India’s containerised trade.Amid growing trade concerns, […]
The Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA) has announced new customs service fees starting October 6, 2024. The new rules include waiving the fees for all customs services for exports. The authority also reduced customs service fees for imports through a new mechanism for calculating import service fees, which involves a fee of 0.15% […]
The Vizhinjam International Seaport is steadily becoming a major player in global maritime trade as trial operations continue to gather momentum, said Vizhinjam International Seaport Limited (VISL). The latest vessel to berth is MSC KAYLEY, marking another milestone for the port. The ship with 16.5 meter draft successfully berthed at the port on Monday. In addition, another […]
Some of India’s rice exporters are turning to the Supreme Court for urgent intervention amid the country’s ongoing export ban, which has been in place since July 20. They seek to relax the ban to fulfill international contracts made before the export restrictions were imposed, media was told by people familiar with the matter. Exporters are […]