On Wednesday, Commerce and Industry Minister Piyush Goyal stated that India’s foreign exchange position is ‘comfortable’ for the next five to six years. “In the worst-case scenario,” Goyal said at the annual general meeting of the industry lobby group Confederation of Indian Industry (CII), “India is comfortable for the next […]
With massive logistics improvements, India has risen 6 places on the World Bank index to 38th out of 139 countries. India’s ranking in the World Bank’s Logistic Performance Index 2023 has risen by six places, owing to significant investments in soft and hard infrastructure, as well as technology, which have […]
According to the most recent Redseer Strategy Consultants report, the Indian e-logistics market will continue to grow significantly in FY23. Total shipments (forward and reverse) for e-commerce logistics surpassed billion in FY23 (excluding hyperlocal shipments). In this pie, in-house logistics and third-party players were roughly equal. Throughout the year, the […]
The “Sagar Setu” mobile app for the National Logistics Portal Marine was introduced by Sarbananda Sonowal, Minister of Ports, Shipping, and Waterways. The Ministry of Ports, Shipping, and Waterways’ “Sagar Setu” mobile app includes a login section, service catalogue, Letter of Credit, bank guarantee, certification, and track & trace functions. […]
India’s logistics sector, which employs over 22 million people, is considered the backbone of the country’s economy. With the development of e-commerce and government initiatives like Make in India and Digital India, the sector is expected to grow by 15.5% annually which will have a significant impact on the country’s […]
India Plain Gold Jewellery Exports up 20.98% in 9MFY23: GJEPC New Delhi: Post India-UAE CEPA, India’s Plain Gold Jewellery Exports for April-December 2022 (9MFY2023), up 20.98% to Rs 24,242 .91 crore, the Gem and Jewellery Export Promotion Council (GJEPC). This shows that the recently signed Free Trade Agreement between the […]
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In FY23, Indian Apparel Exporters Are Likely To Experience Strong Revenue Growth. According to a report by credit rating agency Icra, although macroeconomic headwinds had an impact on the performance of Indian textile players in the second quarter of 2022–2023, the businesses may have a solid turnover in the current […]
In a relief to exporters, the govt on Th reduced the export obligation beneath a key incentive program for 192 product whose exports declined over 5% on-year in FY22. These products embrace bound sorts of silver, precious metals and concentrates, revolvers and pistols, carpus watches, citrus fruits and a few […]
The country‘s wheat exports further than doubled to USD 1.48 billion during April- September 2022- 23 as compared to the time– ago period, the commerce ministry said on Wednesday. The exports stood at USD 630 million in the time– ago period. Though the government banned wheat exports in May, some shipments are allowed to meet food security requirements of the countries that request for it.” Wheat import rose to USD,487 million in April- September 2022 from USD 630 million in […]
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