The return of hilsa diplomacy has once again bridged borders in time for a festive celebration. KOLKATA/DHAKA: Fish traders in Kolkata had all but given up hope of importing “Padmar ilish” this year, in what seemed like the ultimate red herring due to the political upheaval in Bangladesh. But in a surprise move, the Muhammad…
NEW DELHI: A day after the Centre removed the minimum export price of onion and Basmati rice, and increased import duty on edible oils, Prime Minister Narendra Modi, home and cooperation minister Amit Shah and agriculture minister Shivraj Singh Chouhan on Saturday emphasised how these decisions would not only boost export but also ensure that…
CHENNAI: After months of negotiations, Ford on Friday announced that it was coming back to Tamil Nadu. The company said it has submitted a Letter of Intent (LOI) to the Govt of Tamil Nadu, confirming its intention to utilise its Chennai plant for manufacturing for export. TOI broke this news in the story titled “Ford…
Representative Image The government will accord focused attention to promote India‘s textiles exports, which declined for the second year in a row in 2023-24, Textiles Secretary Rachna Shah said. The government has set an ambitious target to achieve USD 100 billion export for textile products by 2030. The cumulative exports of textiles and apparel from…
Representative image India‘s textile exports experienced a setback for the second consecutive year in 2023-24, reported TOI on Friday. The decline can be attributed to geopolitical tensions casting a shadow on the global economy. In the fiscal year 2023-24, exports amounted to $34.4 billion, marking a decline of over $1 billion (3%) compared to the…
NEW DELHI: India on Tuesday has imposed fresh restrictions on the export of prohibited or restricted essential commodities to Maldives.According to the notification from the Director General of Foreign Trade, these commodities will only be permitted for export through four designated customs stations — Mundra Sea Port, Tuticorin Sea Port, Nhava Sheva Sea Port (JNPT),…
Kolkata: Diamond exporters in India are in a dilemma as their buyers of cut and polished diamonds in the US and Europe are demanding source declarations for even small diamonds that are currently exempt from sanctions imposed on Russia following the Ukraine invasion. Exporters said many dealers and jewellers in G7 nations have declined to…
NEW DELHI: Maldives foreign minister Moosa Zameer on Saturday “sincerely” thanked India for allowing export of essential commodities to the island nation amid strained ties between two countries.“I sincerely thank EAM S Jaishankar and the Government of India for the renewal of the quota to enable Maldives to import essential commodities from India during the…
New Delhi: India‘s export of cut and polished diamonds is projected to decline by 22 per cent to USD 17.2 billion in the current fiscal due to weakened demand from the key consuming nations, according to rating agency Icra. In the first five months of the current fiscal, cut and polished diamond exports witnessed a…
