Coffee exports zoom 40% to over $1.54 b in April-Feb 2025
India’s coffee exports have jumped by over 40 percent in the April-February period of the current financial year, crossing the $1.54 billion mark, compared to $1.1 billion in the corresponding period last year. Shipments during February were up 22 percent in value terms at $178.68 million. In rupee terms, the exports were up 43.37 percent […]
Exports of auto components from India see robust growth
India’s auto component exports have shown robust growth in the past couple of years, highlighting India’s growing role in the global supply chain. Major export destinations for motorcycle parts include Germany, Bangladesh, the US, the UK, the UAE, Brazil, Turkey, and Sri Lanka. This growth signifies India’s increasing global market presence and reduced dependence on […]
Cabinet okays 6-lane eway to boost Maha port connectivity
The Union Cabinet has approved the construction of a six-lane access-controlled greenfield high-speed national highway in Maharashtra. This highway will start from the Jawaharlal Nehru Port Authority (JNPA) at Pagote and extend to Chowk. The project will be developed on a Build, Operate, and Transfer (BOT) mode at a total capital cost of ₹4,500.62 crore. […]
India’s gems, jewellery exports fall 23.49%
India’s gems and jewellery exports declined by 23.49 percent in February, totaling $2,422.9 million, compared to the same month last year. The Gem and Jewellery Export Promotion Council (GJEPC) reported this decrease, attributing it to a continued dip in demand in the US and China. Overall exports of gems and jewellery from April 2024 to […]
India to ramp up Chabahar Port capacity fivefold
India is planning to significantly expand the capacity of Iran’s Chabahar Port despite global trade instability and geopolitical threats. The Centre aims to increase the port’s capacity fivefold over the next decade. A capital expenditure of ₹4,000 crore is underway to acquire modern cranes, leading to mechanization and modernization at the terminal. [cite: 60] The […]
Country must allocate 6% of GDP to edu sector
CII President Sanjiv Puri emphasized the need for Free Trade Agreements (FTAs) and the streamlining of customs tariff structures at the CII Conference on Catalysing Growth of Eastern Region in Kolkata. He stated that India’s projected 6.5 percent growth rate is a reasonable expectation, considering the complex geopolitical landscape. Puri advocated for allocating 6 percent […]
Comm Min recommends 12% duty on certain steel products for 200 days
The commerce ministry’s investigation arm, the Directorate General of Trade Remedies (DGTR), has recommended imposing a 12 percent provisional safeguard duty for 200 days on certain steel products. This measure aims to protect domestic players from a surge in imports. The investigation into the sudden surge in imports of ‘Non-Alloy and Alloy Steel Flat Products’ […]
Aluminium industry seeks extension of tax benefits for exports
The Aluminium Association of India has requested the government to continue providing export duty benefits for aluminium produced in advance authorization, export-oriented units (EOUs), and special economic zones (SEZs). This could potentially benefit the industry by $60 million and help offset lower overseas realization, supporting India’s aluminium production amid rising global competition. The ‘Remission of […]
State Govt Keen on Development of Maritime Sector: Minister
The Andhra Pradesh state government, under Chief Minister Chandrababu Naidu, is taking significant steps to develop the maritime sector in the state. Minister for Roads and Buildings, Investments and Infrastructure, BC Janardhana Reddy, announced these initiatives at the fourth national Sagarmala Apex Committee meeting in New Delhi. The meeting was presided over by Union Minister […]
Double Toll for Vehicles Without FASTag Coming Soon in Mumbai
Starting April 1st, motorists traveling on key routes in and around Mumbai will face double toll charges if their vehicles lack a valid or operational FASTag or e-tag. This new rule will apply to the Bandra-Worli Sea Link, Mumbai-Pune Expressway, and Mumbai-Nagpur Samruddhi Expressway. Additionally, commercial vehicles passing through five toll booths on the city’s […]