India Export Import Data and Buyers Sellers trade Partner - Page 13 of 21 - EXIM TUTOR - Export Import Business Course Trainer & Consultant

Apr 21

India’s merchandise exports may cross USD 500 bn this fiscal: Exporters

Federation of Indian Export Organisations (FIEO) said they are targeting to take the shipments to USD 500 billion-510 billion during the current financial year. Services exports are likely to reach around USD 390 billion in 2023-24 from USD 322.72 billion in 2022-23. “Together with goods and services, we are targeting exports of USD 900 billion this fiscal,” FIEO Director General Ajay Sahai said. He noted that free trade agreements with the UAE and Australia would provide a huge platform to Read Full Details…

Apr 17

The biggest challenges before India achieve the $2 Trillion Export Target

India has set an ambitious target of achieving $2 trillion in exports by 2030. This target is critical to boosting the Indian economy and creating job opportunities for millions of people. However, achieving this target is not going to be an easy task. There are several challenges that India needs to overcome to achieve this goal. The biggest challenges before India achieves the $2 trillion export target : In conclusion, achieving the $2 trillion export target is critical for the Read Full Details…

Apr 17

Know how India manufacturing initiative ‘Make in India’ depends on high-quality products and services?

India has always been known as a land of diversity, culture, and a hub of an ancient civilization. Over the years, the country has progressed in various fields, including science and technology, finance, healthcare, and education. However, India’s manufacturing sector has faced challenges in the past, such as low productivity, inadequate infrastructure, and a lack of innovation. To overcome these challenges and enhance the country’s manufacturing capabilities, the Indian government launched the ‘Make in India’ initiative in September 2014. The Read Full Details…

Apr 17

Ease of doing business, how Indian government will remove the bureaucratic hurdles in Export Import?

India has been ranked 63rd in the Ease of Doing Business Index by the World Bank, an improvement of 14 places from the previous year. However, despite this improvement, there are still several bureaucratic hurdles that need to be addressed, particularly in the context of export-import: The Indian government has taken several steps to simplify export-import procedures. The government has introduced the Indian Customs Single Window System (ICSW) to provide a single point of contact for all import-export-related clearances. The Read Full Details…

Apr 17

New foreign trade policy tightens norms on ‘gift’ imports

It may become easier to receive Rakhis and life-saving drugs as gifts from relatives or friends abroad, under India’s new Foreign Trade Policy (FTP), even though it has tightened provisions for other gifts from overseas, including those purchased from global e-commerce portals. As per the 2015-20 trade policy, whose provisions were extended till March 31 this year, the import of gifts was free in case of goods that are otherwise freely importable under India’s foreign trade classification norms. Any other Read Full Details…

Apr 17

UAE is India’s second biggest export destination, third biggest source for imports

The UAE continues to be the second most important export destination for India, according to annual trade figures released by the Ministry of Commerce and Industry here. The US and the UAE retained the first and second places respectively in this category during the financial year 2022-23, the Ministry’s figures showed. The figures for the year were released a fortnight after the new year began. They showed that India’s overall exports of merchandise and services rose by six percent during Read Full Details…

Apr 16

White Barite Mineral Demand and Industrial Applications

Barite is a mineral that is composed of barium sulfate (BaSO4) and is found in a variety of colors, including white, gray, brown, and blue. White barite, in particular, is a valuable mineral due to its purity and high specific gravity, making it a popular choice for a variety of industrial applications. Demand for White Barite: White barite is in high demand due to its unique properties, including its high specific gravity, chemical inertness, and whiteness. These properties make it Read Full Details…

Trustworthy India Trade Partner Countries and Export Opportunities for Indian Exporters

Apr 14

Trustworthy India Top Trade Partner Countries and Export Opportunities for Indian Exporters

India is one of the world’s fastest-growing economies and a leading exporter of a wide range of goods and services. With a population of over 1.3 billion people and a rapidly expanding middle class, the country offers a large and lucrative market for businesses around the world. At the same time, India is also an important exporter, shipping products ranging from textiles and agricultural goods to high-tech electronics and pharmaceuticals to countries around the globe. Trustworthy India Trade Partner Countries Read Full Details…

Apr 12

India’s New Foreign Trade Policy 2023-2030: Objectives and Future Goals

India has always been a key player in the global trade arena. The country’s rich heritage and diverse culture have made it an attractive destination for international trade and investment. In order to further boost its exports and attract foreign investments, India has recently announced a New Foreign Trade Policy for the period 2023-2030. The new policy aims to make India a major player in global trade and provide a boost to the country’s economy. Objectives of India’s New Foreign Read Full Details…

Apr 12

HDFC Bank signs agreement with Export Import Bank of Korea for USD 300 million credit line

The pact was signed by the two entities at GIFT City in Gujarat’s capital Gandhinagar on Wednesday, said a release by the HDFC Bank. This agreement will help HDFC Bank raise foreign currency funds which it would extend to Korea-related businesses, said the release HDFC Bank on Wednesday announced that it has signed a ”Master Inter Bank Credit Agreement” with the Export-Import Bank of Korea for a USD 300 million line of credit. The pact was signed by the two Read Full Details…