Import/Export Industry Notifications

The movement of paddy from northern States such as Bihar and Uttar Pradesh to the South will turn more economical as the Indian Railways has slashed the freight rates for the commodity by up to 19% loading norms. This is expected to benefit the rice exporters in terms of lower freight costs.

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On Friday, Kempegowda International Airport Bengaluru (KIAB) announced opening the country’s first dedicated express cargo terminal, which would help the private airport operator handle over 25 percent more cargo annually.

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India's likely ban on the export of jute seeds has raised concerns among Bangladesh's millers, cultivators, and government officials. The neighbouring country is expected to decide on the ban to meet its domestic demand for jute seeds, they added.

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Jawaharlal Nehru Port Trust – India’s busiest public container harbor -- has performed a trial run for the operation of freight trains loaded with “dwarf containers,” a first at any Indian port.

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Import, Export, Trade for MSMEs: The benefit scheme RoDTEP introduced to boost exports doesn’t have its basic details in place, even after two months of being operational.

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To make India an export hub has gained further attention with the changing global trade scenario and the Covid-19 pandemic. In the current fiscal, hit by the Covid pandemic, the Indian economy, according to the IMF, is expected to shrink by 10.3%. However, in 2021-22 it has predicted that India will witness a growth of 8.8%.

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India’s cotton exports are likely to hit 60 lakh bales (each of 170 kg) for the current season (October2020-September 2021) on cost competitiveness.

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Even if all the attention is now shifted to substantial container, volume increases experienced at the West Coast ports, the U.S. East Coast Ports have also been enduring heavy volume increases starting in mid-2020 and continuing into the new year.

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Seeks to impose definitive anti-dumping duty on imports of Ciprofloxacin Hydrochloride originating in or exported from China PR for a period of five years from the date of levy of provisional anti-dumping duty, i.e. 2nd September, 2020.

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