Tiruppur, the renowned textile hub in Tamil Nadu, is set to experience a significant boost in garment exports this financial year, with projections indicating a 20 per cent increase. A. Sakthivel, chairman of the India Knit Fair Association, revealed these optimistic forecasts during a press briefing on Friday in Tiruppur. According to Sakthivel, garment exports from Tiruppur […]
India’s textile industry is on the brink of expansion, with total textile exports projected to reach $65 billion by FY26, according to Invest India. Invest India posted on X, “PM Modi’s bold ‘#fibretofashion’ vision is guiding the # textile industry to become a driving force in the global market while bringing competence & technology to local […]
The Agriculture Ministry has reportedly suggested a hike in the import duty of edible oils to protect domestic farmers so that they receive at least the minimum support prices for the oilseed crop. It is hopeful of a favourable decision soon. Currently, the import duty (including cess) on crude palm oil, soyabean oil and sunflower oil […]
With Red Sea crisis continuing to disrupt global supply chain, a strike planned by 18,000 employees at the 12 major ports from August 28 at could have a cascading impact on the trade. It is being planned at a crucial time when products like leather and apparels are being despatched to global markets for Christmas and […]
As Far East-Australia rates have been going up, Mediterranean Shipping Company will relaunch the North Asia-ANZ Wallaby service today (19 August). The service connects Hong Kong, Yantian, Xiamen, Shanghai, Ningbo, Sydney, Melbourne, Auckland, Bluff, Lyttelton, Wellington, Napier, Tauranga, Melbourne, Brisbane, and Hong Kong. The first sailing will see the 2,732 TEU MSC Tania depart Hong […]
The recent political upheaval in Bangladesh temporarily halted the transhipment of ready-made garments via Delhi but after days of the logjam, the situation has eased. Consignments that were stuck at the India-Bangladesh border are now an route to Delhi and the airport operator has chalked out plans for quick processing of goods for their re-export. […]
Congratulations to the Dakshin Bharat Gateway Terminal (DBGT) Tuticorin on the monumental achievement of handling 4 million TEUs & over 3000 vessels since its inception in May 2014 to July 2024! This progressive handling of incremental volume highlights DBGT’s consistency in customer deliverables over the years. The terminal’s state-of-the-art infrastructure coupled with its highly skilled […]
The amendments are aimed at creating a more industry-friendly environment and attracting more investments, said Industries Minister P Rajeeve. THIRUVANANTHAPURAM: The state government has announced modifications to the land disposal regulations (LDR) governing industrial land allocation by Kerala Industrial Infrastructure Development Corporation (KINFRA) and Kerala State Industrial Development Corporation (KSIDC). The amendments are aimed at […]
Ministry of Commerce & Industry’s DGFT Simplifies EPCG Scheme Procedures: An In-Depth Analysis The Directorate General of Foreign Trade ( DGFT ) has introduced a series of significant amendments to the Export Promotion Capital Goods ( EPCG ) Scheme, as per Public Notice No. 15 dated 25th July 2024. This initiative is touted as a […]
Trade between India and Bangladesh came to a standstill this afternoon as large-scale protests in Bangladesh led to the resignation of Prime Minister Sheikh Hasina on Monday, traders reported. On Sunday, the Bangladesh government declared a three-day trade holiday, excluding essential services, via a notification. Ujjal Saha, secretary of the West Bengal Exporters Coordination Committee, […]