Category Archives: Market news

India needs robust exports, investment to achieve 8% growth: ADB Economist

April 17th, 2018 | APTSO EXPORTS™ | Tags:

  India can achieve over 8 per cent growth rate in a sustained manner if it takes steps to revive investments and make exports competitive, said ADB Economist Abhijit Sen Gupta. Efforts will also have to be made to streamline agriculture marketing and improve supply chain, he said, adding that this is the area where there is scope for more reforms. Right now, the investment and exports drivers are really not firing… Once those two engines fire up India can sustainably grow at 8 per cent, Sen Gupta told . […]

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Maharashtra government sets sights on export fruits and vegetables

  The Maharashtra government has taken a slew of measures to promote the export of fruits and vegetables. In the last three months, the state has shipped around 2761.41 tonnes of fruits and vegetables through various export facilitation centres set up by the Maharashtra State Agriculture Marketing Board (MSAMB). Maharashtra has exported mangoes, grapes, pomegranates, oranges, bananas, onion as well as vegetables such as lady finger, bitter gourd, drum sticks, green chillies among others to the European Union, Thailand, Netherlands, Doha, Bahrain and the US. Financialexpress.com quoted the managing director […]

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China promises to address trade deficit concerns: India

March 28th, 2018 | APTSO EXPORTS™ | Tags: ,

  Amid heightened tensions of a trade war between the US and China, China on Monday promised India to address the high trade imbalance between the two countries. Chinese Minister Zhong Shan welcomed Indian investment in China and promised to address the trade deficit between the two countries, commerce and industry ministry said in a statement on Monday. Shan, who is China’s minister of commerce, co-chaired the 11th meeting of India-China Joint Group on Economic Relations, Trade, Science and Technology here with commerce and industry minister Suresh Prabhu. Shan’s statement […]

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Govt expedites water provision to rain-fed areas to up agri productivity

March 28th, 2018 | APTSO EXPORTS™ | Tags: ,

  The government has expedited the provision of water in rain-fed areas to boost agricultural productivity and raise farmers’ incomes. This was stated by Nitin Gadkari, minister for roads, transport and highways, shipping and water resources, river development and Ganga rejuvenation, at a conference on the role of water in doubling farmers’ incomes, which was organised on World Water Day 2018 by the Federation of Indian Chambers of Commerce and Industry (FICCI). He added that his ministry had taken on hand projects to link river basins with world-class technology. Instead […]

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Haryana to procure 80 lakh tonnes wheat

The Haryana government has made arrangements for the procurement of 80 lakh tonnes of wheat in the current Rabi season, a senior officer said on Monday. The wheat will be procured at the minimum support price (MSP) of Rs 1,735 per quintal. The procurement target is set higher than the 74.25 lakh quintal tonnes of wheat procured in the season last year. The Agriculture Department has estimated the production of wheat at about 117.80 lakh tonnes this time. Additional Chief Secretary, Food, Civil Supplies and Consumer Affairs Department Ram Niwas […]

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Govt clarifies on e-way bill requirement for exports consignment

March 25th, 2018 | APTSO EXPORTS™ | Tags:

Minister of State for Finance Shiv Pratap Shukla on Thursday gave clarification on e-way bill regarding movement of goods from dry-ports to sea ports and from SEZs within the zone. The minister said that the government has received various representations from Association of Exporters as well as Corporate Bodies seeking clarity on issues relating to exemption for export consignments during custom bonded movement from one airport to another; movement from SEZ/FTWZ (Free Trade Warehousing Zone) to port and vice versa; and parity in movement of export cargo with import cargo. […]

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FSSAI notification with new standards under fruit, vegetable categories

March 25th, 2018 | APTSO EXPORTS™ | Tags:

FSSAI has notified the food standards and  additives regulations, revising the existing and adding new standards relating to the fruit and vegetable categories. The apex regulator has instructed stakeholders to submit their comments and suggestions within a month’s time. As per the draft, these standards have been proposed in context of harmonisation with those of Codex for better trade practices as well as to effectively regulate specified food commodities for their quality and safety. The draft standards shall be reviewed based on the comments received for stakeholders and revised, if […]

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New Delhi to seek 8 years to phase out export subsidies at WTO

March 19th, 2018 | APTSO EXPORTS™ | Tags:

India will make a case for an eight-year transition period to phase out its export subsidies at the consultations sought by the US at the World Trade Organisation questioning the validity of the country’s export promotion schemes. We are clear that an eight-year transition is needed for developing countries to change their export subsidy regime, Commerce Secretary Rita Teaotia said at a press conference indicating India’s response to the US move. Washington dragged India to the WTO on Wednesday stating that a number of export subsidy schemes in India seemed […]

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TN to adopt revenue sharing model for payments to cane farmers

March 17th, 2018 | APTSO EXPORTS™ | Tags:

The sugar industry in Tamil Nadu is relieved with the State government formally announcing a shift to revenue-sharing formula for sugarcane pricing. O Panneerselvam, Deputy Chief Minister and Finance Minister, announced in the Budget today that the State government will no longer announce a State Advised Price for sugarcane from the current season. Major sugar producing States like Maharashtra and Karnataka have migrated to the progressive revenue-sharing formula based on the Rangarajan Committee’s recommendations, he said. Tamil Nadu too will switch to the revenue-sharing model from the current season under […]

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India Offers Increased Export Opportunity to UK After Brexit: Study

March 17th, 2018 | APTSO EXPORTS™ | Tags:

Britain’s increased export opportunity to India, if it is outside the European Union, will be $3.2 billion, according to the Standard Chartered Trade Performance Index, which was released on March 13. The United Kingdom’s current exports to India are worth $5.5 billion. The predicted figure for exports if Britain remains in the European Union is $9.1 billion, while it stands at $12.3 billion if the country is outside the EU, giving rise to an increased export opportunity” of $3.2 billion, according to the analysis of Notional Post-Brexit UK Exports. The […]

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