Import/Export Industry Notifications

India’s exports rose 17.27% to USD 14.22 billion during March 1-14 when compared to the year-ago period, as per the commerce ministry’s preliminary data. Imports during the period increased 27.77% to USD 22.24 billion, leaving a trade deficit of USD 8.02 billion, the data showed.

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With onion prices dropping further from the highs of ₹4,000 per 100kgs in mid-February, exporters are expecting that they will be able to get more orders from abroad. Mahuva APMC chief tells growers to stagger the sale of white onions.

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India needs to step up and quickly seize the global export space currently being vacated by China, former chief economic advisor Arvind Subramanian has said. When all countries are scrambling to corner that open market, India needs to act quickly, he said.

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The Commerce Ministry has communicated to the Finance Ministry to immediately restore duty-free import of export inputs used by the garment, leather, and handicraft sectors. Removal of the duty-free status in the Budget 2021-22 has impacted exports worth Rs 5,000 crore.

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Hrushikesh Reddy, the Deputy Director-General of Foreign Trade (DGFT), Hyderabad, said that Jayashankar Bhupalpally and Mulugu districts had been identified as potential areas for export of chilli produce considering the extensive cultivation of chilli in these districts.

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Over 300 apparel manufacturers and exporters shut down their units, which has affected the production worth Rs. 150 crores. The protest is happening because of the sudden surge in the prices of yarn.

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Exporters in hinterland facing container shortage can get a 50% rail transportation discount from April 1 if they use Container Corporation of India's services to haul empty boxes from ports.

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India's new rules to trace the country of origin came under fire at the trade policy review (TPR) at the World Trade Organisation when India's free trade partners raised questions over the new rules.

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India plans to increase the eligibility criteria for automakers to qualify for financial subsidies under the production-linked incentive (PLI) scheme, said two people directly aware of the developments. The revised rules are expected to primarily benefit companies with high levels of vehicle exports and the ability to continue growing them.

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