New Delhi, July 3 (IANS) Commerce and Industry Minister Piyush Goyal said on Friday that India is aiming to achieve an ambitious target of $1 trillion in exports during the current financial year, with a robust double-digit growth from $863 billion in 2025-26. Addressing the Board of Trade Meeting here, Goyal said the country is targeting a 17 per cent surge in merchandise exports to about $530 billion, while services exports are projected to increase by around 11 per cent to nearly $470 billion…
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New Delhi, July 1 (IANS) India’s manufacturing PMI stood at 54.2 in June, signalling continued expansion in the sector, according to the HSBC Flash India PMI data released on Wednesday.The seasonally adjusted PMI remained comfortably above the 50-mark that separates expansion from contraction, indicating a sustained improvement in operating conditions across the manufacturing sector.According to the data, the HSBC India Manufacturing Purchasing Managers’ Index (PMI) came at 54.2, although the pa…
New Delhi/Agartala, June 27 (IANS) Tripura Agriculture and Farmers’ Welfare Minister Ratan Lal Nath on Saturday said that the Tripura Global Pineapple Festival 2026, organised in New Delhi, is aimed at realising Prime Minister Narendra Modi’s vision of ‘Vocal for Local’ and ‘Atmanirbhar Bharat’. Addressing the Tripura Global Pineapple Festival 2026, the Minister said that the event will showcase Tripura’s agricultural excellence and rich cultural heritage on the global stage.He said that the pri…
New Delhi, June 24 (IANS) India can significantly strengthen its position in the global pharmaceutical industry by moving beyond volume-led exports and focusing on higher-value products such as biosimilars, speciality drugs and advanced therapies, according to Dr. Manoranjan Sharma, Chief Economist at Infomerics Ratings.In an interaction with IANS, Sharma said India already enjoys a leadership position in the global generics market, accounting for around 20 per cent of generic medicine exports w…
New Delhi, June 23 (IANS) India, which is one of the world’s largest suppliers of generic medicines and a major provider of vaccines and essential drugs, needs to make a quantum jump into manufacturing high-value pharmaceuticals and Active Pharmaceutical Ingredients (API), and there has to be strong Production Linked Incentive (PLI) schemes to achieve this, economists said on Tuesday.Commenting on the NITI Aayog report on pharmaceutical trade that came out on Tuesday, economist Ved Jain told I…
New Delhi, June 18 (IANS) The signing of the US‑Iran Memorandum of Understanding is a significant breakthrough that will reshape global trade dynamics and provide a macro‑economic breather for India’s export‑import community acting as a “logistical game-changer”, industry body FIEO said on Thursday.The conflict in West Asia suppressed India’s trade volume particularly with the Middle East and the US-Iran pact is expected to unlock pent‑up consumer and industrial demand, said S C Ralh…
Porbandar, June 13 (IANS) A 100-hectare ‘Furniture Park’ proposed for Porbandar, along with plans for a shipbuilding cluster, was placed at the centre of a high-level industry summit on Saturday, as government representatives and industry leaders discussed developing the coastal city into a port-linked manufacturing and export hub under India’s broader industrial expansion strategy. The ‘Developed Porbandar Furniture Park Summit’, chaired by Union Labour and Employment Minister Mansukh Man…
New Delhi, May 25 (IANS) AYUSHEXCIL and the Spices Board of India on Monday signed a Memorandum of Understanding (MoU) to strengthen India’s global leadership in traditional wellness and natural products. The collaboration aims to promote global cooperation in Ayush products and medicinal spices by strengthening export promotion, quality assurance, standardisation, research, innovation, and international market development for functional foods, nutraceuticals, herbal extracts, and value-added …
Mumbai, May 21 (IANS) LG Electronics India on Thursday reported an 8 per cent year-on-year (YoY) decline in net profit to Rs 693 crore for the March quarter (Q4) of FY26.The company posted a net profit of Rs 755 crore in the corresponding period last financial year (Q4 FY25), according to its stock exchange filing.Despite the decline on a yearly basis, profit after tax surged sharply by 672 per cent sequentially from Rs 90 crore reported in the December quarter of FY26.Revenue from operations du…
Seoul, May 15 (IANS) Samsung Electronics’ largest labour union said on Friday it will proceed with a major strike planned for next week despite the company’s proposal to resume talks without preconditions.An official proposal was sent to the union earlier in the day, in what is seen as the management’s latest effort to avert a planned 18-day strike beginning next Thursday that could disrupt production at the world’s largest memory chipmaker.The union reaffirmed its position that it has no inte…