General

New Delhi: Port Wings News Network: Hailing the decision of reduction in central excise duty on Petrol & Diesel, reduction in import duty on the raw material of steel & plastic and increase in export duty on iron ore & steel intermediates, Dr A Sakthivel, President, FIEO said that these …

New Delhi: Port Wings News Network: Reacting to the April 2022 Trade Data, FIEO President, Dr A Sakthivel said that the highest-ever exports of over USD 40 billion, during the first month of the fiscal, shows the continuous impressive performance of the exports sector. The outstanding accomplishments of the exporters …

New Delhi: Port Wings News Network: Reacting to the RBI’s decision of increasing the repo rate by 40 basis points to 4.4% and CRR by 50 basis points to 4.5% at a time, when world economy including India is reeling under inflationary pressures, Dr A Sakthivel, President, FIEO said that …

New Delhi: Port Wings News Network: Reacting to the April 2022 Trade Data, FIEO President, Dr A Sakthivel said that the highest-ever exports of over USD 38 billion, during the first month of the fiscal, shows the continuous impressive performance of the exports sector. The outstanding accomplishments of the exporters …

Chennai: Port Wings News Network: Tirupur Exporters’ Association president Shri. Raja M Shanmugham on 2 May 2022 said the Textile Mills have increased the yarn prices by Rs. 40 per KG for all counts and this has happened at a time when the survival of knitwear exporting units are at …

Chennai: Port Wings News Network: Tiruppur Exporters’ Association (TEA) appealed to the finance ministry to start a rupee-rouble payment mechanism with Russia. In a letter to finance minister Nirmala Sitharaman, TEA president Raja M Shanmugham said the payments received by MSMEs in Tirupur from buyers in Russia have been stopped …

Chennai: Port Wings News Network:   Foreign exchange inflow is very essential for any country to have a strong economy, Vice President Venkaiah Naidu, has said. Addressing a gathering while presenting Export Excellence awards for SEZs and EOUs in Chennai, Venkaiah Naidu said: “This foreign exchange inflow is mostly achieved …

New Delhi: Port Wings News Network: India’s exports of Ceramics & Glassware products for 2021-22 hit a record at US$ 3464 Million. During FY 2013-14; India’s Ceramic & Glassware products exports were valued at US$ 1292 Million. The Union Minister for Commerce and Industry, Consumer Affairs, Food and Public Distribution …

New Delhi: Port Wings News Network: Reacting to the March 2022 Trade Data, FIEO President, Dr A Sakthivel said that the highest-ever exports of over USD 42 billion during the month has once again showcased the continuous resilience of India’s exports sector. The hard work and the outstanding performance shown …

New Delhi: Port Wings News Network: Merchandise exports from India have reached USD 417.8 billion in the current financial year. This figure excludes the figures from non-EDI Ports and adding that, it is likely to exceed $418 billion, an all-time high in India’s export history. India has achieved highest monthly …

Chennai: Port Wings News Network: Along with Shri. T Rajkumar, Chairman, Confederation of Indian Textiles Industry (CITI), Shri. Manoj Patodia, Chairman, The Cotton Textiles Export Promotion Council (TEXPROCIL), Shri. Narendra Goenka, Chairman, Apparel Export Promotion Council (AEPC) and Shri. Ravi Sam, Chairman, The Southern India Mills’ Association (SIMA), Shri. Raja …

New Delhi: Port Wings News Network: Reacting to the March 2022 Trade Data, FIEO President, Dr A Sakthivel said that the highest-ever exports of over USD 40 billion during the month has once again showcased the continuous resilience of India’s exports sector. The hard work and the outstanding performance shown …

Chennai: Port Wings News Network: Tirupur Exporter’s Association (TEA) on 2 April 2022 thanked Prime Minister Narendra Modi and, Union Minister of Textile and Commerce Piyush Goyal for signing the much awaited India-Australia Economic Cooperation and Trade Agreement -“IndAus ECTA.” and appreciated for quick succession of the agreement next to …

New Delhi: Port Wings News Network: With growing complementarity between the economic priorities of the two nations, India and Australia, democracies at two ends of the Indian Ocean, signed the Economic Cooperation and Trade Agreement (ECTA) on April 2, 2022, marking a major step towards lifting their economic relationship to …

New Delhi: Port Wings News Network: Commenting on India reaching a new milestone of US$ 400 Bn of merchandise exports in the current financial year, Dr A Sakthivel, President, FIEO said that it is entirely due to the vision and belief of the Hon’ble Prime Minister and his address to …