General

New Delhi: Port Wings News Network: Turnaround in political sentiments, FPI flows coupled with the expected large inflows from rights issues and the merger and acquisition deals, reduced geo-political tensions, stabilisation in oil prices have driven the rupee appreciation to a 9-months high said Mr Ganesh Kumar Gupta, President, FIEO, …

Chennai: Port Wings News Network: Raising the bar, India has set an aspirational target of USD 200 billion by 2025 for engineering exports, following a road map suggested by an EEPC India-Deloitte strategy paper , based on inputs from the Commerce Ministry and the industry. The paper released at the …

New Delhi: Port Wings News Network: Responding to February, 2019 exports data, exhibiting a nominal growth of 2.44 percent with exports of USD 26.67 billion for the month, President FIEO, Mr Ganesh Kumar Gupta said that exporters have managed to do well despite increasing protectionism, tough global conditions and constraints …

Chennai: Port Wings News Network: Notwithstanding global challenges like protectionist measures by some countries, India is projected to achieve all- time record exports of USD 330 billion in fiscal 2018-19 with a major contribution coming from the engineering sector, Commerce Secretary Mr Anup Wadhawan has said. While addressing global CEOs …

New Delhi: Port Wings News Network: Ministry of Commerce & Industry will be organising the 14th CII-EXIM Bank Conclave on India-Africa Project Partnerships, in association with Confederation of Indian Industry and EXIM Bank of India in New Delhi from March 17-19, 2019. The event will mark the deepening of India-Africa …

Chennai: Port Wings News Network: With the intention to reduce the  transaction cost of exports and also reduce dual time in handling import export cargo, Customs department initiated several measures including Direct Port Delivery and Entry, e-sealing, RFID, AEO programme etc, Shri Ajit Kumar, Principal Chief Commissioner of Customs, Chennai, …

Chennai: Port Wings News Network: Karaikal Port’s CEO Mr. K. Muralidharan has been elected as one of the State Council Members of CII Puducherry for 2019-20. CII Puducherry’s Annual Meeting was held on 01-March-2019 at Puducherry where the list of elected candidates was announced. The Annual Meeting which was followed …

New Delhi: Port Wings News Network: Reacting to the news where US has given 60 days withdrawal notice to India on GSP benefit, Mr Ganesh Kumar Gupta, President, FIEO said that India’s exports to US stood at USD 50.57 billion in 2017 with a GSP tariff advantage of only USD …

New Delhi: Port Wings News Network: Union Minister of Commerce and Industry, Suresh Prabhu, met representatives of pharma and chemicals industries along with chairmen of Pharmexcil and Chemexcil in New Delhi on 26 February 2019. The meeting was held to discuss the preparation of a strategy and an action plan …

New Delhi: Port Wings News Network: Union Minister of Commerce and Industry, Suresh Prabhu, held an interaction with Farmer Producers’ Organizations (FPOs) through video link in 81locations of the country in New Delhi on 26 February 2019. Around twelve locations from the North East were part of this interaction with …

New Delhi: Port Wings News Network: Speaking at the first National Conference on Logistics Policy at FICCI House in New Delhi Mr Samir Shah, immediate past Chairman, Federation of Freight Forwarders’ Associations in India (FFFAI) and Partner, JBS Group maintained that the draft Logistics Policy, which was recently unveiled by …

Chennai: Port Wings News Network: Protectionist policies in EU for import of steel products from India and other markets along with  shut down of the Tuticorin  plant of Sterlite Copper are among the major reasons for a sharp drop in exports of ferrous and non-ferrous metal exports, the EEPC India …

Chennai: Port Wings News Network: Smt.Smriti Zubin Irani, Hon’ble Union Minister of Textiles on 28 February 2019 launched a Comprehensive Scheme for development of Knitting and Knitwear Sector with various components under Powertex India in New Delhi. The scheme was launched simultaneously in major three clusters, Tirupur, Ludhiana and Kolkata …

New Delhi: Port Wings News Network: Union Minister of Textiles, Smriti Zubin Irani, launched a comprehensive scheme for Development of Knitting and Knitwear Sector under PowerTex India in New Delhi today.The Textiles Minister also interacted with industry associations related to knit wear sector in three clusters of Kolkata, Tirupur and …

New Delhi: Port Wings News Network: The Federation of Indian Export Organisations (FIEO) and eBay formally announced a partnership to promote retail exports via eCommerce from India on 27 February 2019. According to a media statement, this strategic tie-up will stimulate the growth of Indian retail exporters by helping them …