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Credit Flow to Exporters Nosedive by Over 54 %

New Delhi: Port Wings News Network: Expressing concern over a sharp annualized drop of over 54 per cent in the gross bank credit deployment in the export sector, EEPC India has said the RBI and the Government need to ensure timely and less expensive credit for the exporters, along with …

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Commerce Minister Holds Meeting with Export Organizations

New Delhi: Port Wings News Network: Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu, presided over a meeting of Government officials and export organizations in New Delhi today to discuss problems faced by the export sector. Suresh Prabhu highlighted the declining trend of export credit in recent …

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Essar Global Repays all Debt to Indian and Foreign Lenders

Chennai: Port Wings News Network: Essar Global Fund Ltd (Essar Global), the holding company of the Essar Group of companies, on 7 January 2019 reached yet another milestone in deleveraging by repaying the last tranche of debt of Rs 12,000 crore (US$1.75 billion) to its various Indian and foreign lenders. …

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Export Promotion Council Established for MSME Sector

New Delhi: Port Wings News Network: Ministry of Micro, Small and Medium Enterprises (MSME) has recently established an Export Promotion Cell with an aim to create a sustainable ecosystem for entire MSME development. The benefits likely to accrue to the MSMEs are: Evaluate readiness of MSMEs to export their products …

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FIEO Welcomes New Agri Export Policy

New Delhi: Port Wings News Network: Welcoming the approval given to new Agri Export Policy by the Union Cabinet, Mr Ganesh Kumar Gupta, President, FIEO, said that the new Policy would provide huge impetus to agri exports from the country and will help in doubling farmers’ income. The corner stone …

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