Category: Trade Partnership

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…

Apr 11

Indian Economic growth Outlook review of financial year 2022-2023

India’s economy has been steadily recovering from the pandemic-induced slowdown. The country’s GDP growth rate rebounded to 8.4% in Q2 of FY 2021-22, after contracting for two consecutive quarters. The government has projected a GDP growth rate of 10.5% for FY 2021-22, with some estimates suggesting that it could even reach 11%. However, with the emergence of new variants and the possibility of further waves of infections, there are uncertainties around the growth trajectory. The Indian economy is expected to Read Full Details…

Apr 11

Global foreign trade cost savings through digitization of invoices, packing lists, bills of lading, and bank documents

Global foreign trade has become an essential part of the world economy, with billions of dollars worth of goods being traded across borders every day. As the volume of trade increases, so does the complexity and cost of managing it. One of the most significant costs associated with foreign trade is the paperwork required to process shipments. However, with the digitization of invoices, packing lists, bills of lading, and bank documents, there is a potential for cost savings that could Read Full Details…

Apr 10

Non-Traditional markets like Africa, Latin America, and the Oceania region international trade opportunities

International trade is an essential driver of economic growth and development for many countries around the world. Traditionally, the focus has been on trading with developed economies such as the United States, Japan, and the European Union. However, non-traditional markets like Africa, Latin America, and the Oceania region offer significant opportunities for international trade. Africa Africa is a vast and diverse continent with a growing population and increasing consumer demand. The continent has enormous potential for international trade, with abundant Read Full Details…

Apr 10

Top most challenges in export business in year 2023-2024

Exporting can be a lucrative business opportunity for many companies. However, it is not without its challenges. The global business landscape is constantly changing, and it is essential for exporters to keep up with these changes to stay competitive. Trade Wars:Trade wars are likely to continue to be a significant challenge for exporters in 2023-2024. Countries may continue to impose tariffs and other trade barriers to protect their domestic industries. This can result in increased costs for exporters and make Read Full Details…

Apr 10

Exports-imports via Lào Cai border gate

LÀO CAI — Export-import activities via the Lào Cai border gate in the northern border province of Lào Cai thrived in the first quarter of this year and reached nearly US$186 million, reported the local customs agency. The value of exports reached $92.4 million, up 90.1 per cent annually, imports rose by 15.2 per cent year-on-year to $93.2 million. Among exports going through Lào Cai border gate, farm produce still accounted for the majority, with a value of more than Read Full Details…

Worldwide opportunity to merchant Exporter of traded goods
Apr 09

Worldwide Opportunities for Merchant Exporters of Traded Goods

As the world becomes more interconnected, the opportunities for global trade are expanding rapidly. Merchant exporters play a crucial role in facilitating international trade by sourcing goods from one country and exporting them to another. With the rise of e-commerce and the increasing demand for products across borders, merchant exporters have a significant opportunity to expand their businesses globally. In this article, we will explore the worldwide opportunities for merchant exporters in the trade of goods, with a particular focus Read Full Details…

Apr 09

Huge potential to enhance exports from Telangana: APEDA chairman

Chairman of Agricultural and Processed Food Products Export Development Authority (APEDA) M. Angamuthu has urged exporters in Telangana to increase millet export. He underscored this need in the backdrop of 2023 having been declared International Year of Millets (IYoM) and Telangana being one of the major millet producing States, according to a release on his interaction with exporters at APEDA’s regional office in Hyderabad. APEDA is a body under the Union Ministry of Commerce and Industry. Lauding exporters for their Read Full Details…

Apr 09

Combined export, import surge puts milk on the boil

Milk and cereals prices have kept food inflation from cooling, making it harder for the government to bring overall price growth to a targeted 4% (+/-2%). Milk and cereals prices have kept food inflation from cooling, making it harder for the government to bring overall price growth to a targeted 4% (+/-2%). (HT India’s import of milk products jumped slightly over 1000% to $4.77 billion in 2022-23 even as export of fat items, such as clarified butter (ghee), surged to Read Full Details…

Apr 07

How to Achieve India’s Export Target of $2 Trillion by 2030

India has set an ambitious target of achieving $2 trillion in exports by 2030, which is nearly double the current level of exports. To achieve this target, India needs to focus on several key areas, including improving infrastructure, enhancing the ease of doing business, developing new markets, and promoting innovation and entrepreneurship. Improving Infrastructure Infrastructure is a critical component of any economy, and India is no exception. To achieve its export target, India needs to invest in infrastructure projects that Read Full Details…