Import/Export Industry Notifications

The volumes of Indian grapes shipped to Europe are predictable to increase starting this month. Although the start of the season has been challenging, with rains wiping out some harvest-ready crops, one exporter still feels the total volumes exported will exceed the volumes of 2020.

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More so in Anantapur and Kadapa, enterprises of the state are adopting modern methods like certified tissue culture plant materials, fruit-care activity, and drip integration with fertigation that led to the spurt in quality and quantity of the banana plantations. With the increase in its extent of cultivation from 79,360 hectares in 2014-15 to 104,000 hectares by 2019-20, banana export from Andhra Pradesh also has increased exponentially.

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Commerce Secretary Anup Wadhawan said India is on the way to breaking into new frontiers and exporting goods such as mobile phones and other electronic goods. The country's exports recorded positive growth in January, and the outbound shipments are fast moving towards pre-COVID-19 levels, a top government official said on Wednesday.

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Under the Aatmanirbhar Bharat initiative, India achieved impressive growth in cereals exports in the 1st three quarters of 2020-21, despite challenges posed by the COVID19 pandemic. Cereals exports grew by close to 53% to Rs 49,832 crore in Apr-Dec 2020-21, compared to a year-ago period. The 1stProduct Committee meeting for Floriculture, Seeds, and Cereals was held on 3rd February 2021 and was Chaired by Dr. M. Angamuthu, Chairman, APEDA.

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In an attempt to move temperature-sensitive cargo, particularly pharmaceutical products, amid the Covid-19 crisis, KIA, Kempegowda International Airport, has come up with a new cold-chain air cargo solution.

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India has introduced changes in the process and levy of anti-dumping duties, safeguard duties, and countervailing duties to protect the industry from cheap imports. As per the budget for FY22, with effect from July 1, the final findings in reviewing anti-dumping and countervailing duty are to be issued at least three months before the duty expiry.

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TPCI said on Tuesday that the country's exports, which have recorded a growth of 5.4% in January, reflects the trade has been on the path of a quick recovery. Trade Promotion Council of India (TPCI) Founder Chairman Mohit Singla said that the exports had also recorded positive growth in December 2020. It is a reflection that Indian products have been sustaining their global demand despite challenges.

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Indian industry will have better protection against dumped imports from next year as the government is set to tighten measures regarding the imposition of anti-dumping duties (ADD) and countervailing duties (CVD) to check to flout of rules.

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Continuing on its growth trend January exports further moved northward towards positive territory with revival of both global and Indian economy as expected. FIEO President also reiterated that the government must address some of the key issues including release of the required funds for RoDTEP, MEIS and clarity on SEIS benefits

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