The Indian textile and leather industry woke up this morning by hearing the good news that the exports to the US will now have a reduced tariff of just 18 per cent – thus making Indian products competitive in the global markets. The reduction in tariff was announced late Monday night by President Trump. US […]
Workers at a leather factory in Chennai | Photo Credit: VELANKANNI RAJ Clinching of the long-pending India-EU Free Trade Agreement on Tuesday has sparked high expectations among Indian exporters, especially in labour-intensive industries facing turbulence in the US market owing to 50 per cent tariffs. Sectors including apparel, leather, footwear, gems and jewellery, engineering goods, […]
The Seafood Exporters Association of India (SEAI) has urged the Centre to make provisions for allowing seafood exports from India to the European Union at “nil” duty rates and to remove all non-trade barriers, so that shipments to the region can increase manifold in the coming years. G. Pawan Kumar, president of SEAI, stated that […]
New Delhi: The government on Wednesday launched the first of 11 schemes proposed under the ₹25,060 crore Export Promotion Mission (EPM) that will provide financial and institutional support to exporters, particularly micro, small and medium enterprises (MSMEs), in expanding their business in global markets. A textile factory in Bhiwandi near Mumbai. (File photo) (AFP) “The […]
State-run export credit agency ECGC Ltd has upgraded risk rankings of two dozen countries, thereby substantially reducing insurance costs for Indian exporters in these geographies, to protect exporters from the adverse impact of US tariffs and encourage them to diversify in alternative markets, two officials said. FILE PHOTO: A worker sits on a ship carrying […]