Guwahati, May 7 (IANS) In a concerted effort to enhance the transportation of tea through containerised rail movement, the Northeast Frontier Railway (NFR) held a meeting with key stakeholders of the tea industry on Wednesday. The meeting, held at the NFR’s Zonal Headquarters in Maligaon, brought together major participants, including logistics operators, tea associations, exporters, and producers. Assam, which produces roughly 55 per cent of India’s tea, has more than 10 lakh tea workers in t…
Latest Exporters News & Updates
New Delhi, May 6 (IANS) India’s total exports of merchandise and services increased by 4.6 per cent to a record high of $863.11 billion during the financial year 2025-26, compared with the corresponding figure of $825.26 billion for the previous fiscal year, despite the US tariff turmoil and uncertainties triggered by geopolitical tensions, the latest figures compiled by the Commerce Ministry showed.Merchandise exports registered a 0.93 per cent growth to $441.78 billion during the financial yea…
New Delhi, April 24 (IANS) Commerce and Industry Minister Piyush Goyal on Friday welcomed Todd McClay, Minister for Trade and Investment of New Zealand to India, ahead of the free trade agreement (FTA) signing between the two countries on April 27.In a post on X, the minister said: “Delighted to welcome Mr. Todd McClay, Minister for Trade & Investment, New Zealand, to India, as we begin a new chapter in India-New Zealand economic ties”.He further stated that as we approach the India-NZ F…
Washington, April 17 (IANS) The United States has identified tariff barriers in India as a key priority in ongoing trade negotiations, with US Trade Representative Jamieson Greer telling lawmakers that Washington is pressing for improved market access for American exports.Speaking at a congressional hearing on the fiscal 2027 budget for his office, Greer said the US has been engaged with India for over a year to finalise a reciprocal trade framework, with agriculture emerging as a central point …
New Delhi, April 17 (IANS) In view of the evolving geopolitical situation in West Asia and its continuing impact on maritime logistics across the Gulf and adjoining regions, the government has expanded the list of eligible destinations under RELIEF – Resilience & Logistics Intervention for Export Facilitation, a time-bound intervention under the Export Promotion Mission (EPM), the Commerce Ministry announced on Friday.With this expansion, Egypt and Jordan have been added to the list of eli…
New Delhi, April 9 (IANS) Amid the ongoing West Asia crisis, Directorate General of Shipping (DG Shipping) has directed ports to ensure concessions for exporters with stranded cargo in the war-affected Persian Gulf region.According to a circular, “it has been observed that concessions granted by port authorities particularly relating to detention charges, ground rent, reefer plug-in (connected load), and similar terminal charges are not being uniformly passed on to the exporters”.The DG Ship…
New Delhi, April 6 (IANS) The Confederation of All India Traders (CAIT) on Monday urged the government to implement credit and liquidity-supportive measures, especially for MSMEs over concerns of the ongoing West Asia crisis impacting India’s trade and industry.The association called for extension and relaxation of loan repayments for MSMEs and small traders and launch of a special Credit Guarantee Line Scheme to support liquidity.Further, it requested interest subvention for severely impacted…
New Delhi, April 5 (IANS) Apex business chamber CII on Sunday sought more fiscal and monetary policy concessions from the government and the RBI to tide over the global uncertainty triggered by the West Asia conflict, even as it lauded “the series of timely, well calibrated and coordinated measures” that have already been taken in this regard.CII director general Chandrajit Banerjee said, “the Government and the RBI have responded with speed, clarity and coordination. The early measures ha…
New Delhi, March 31 (IANS) The Reserve Bank of India on Tuesday extended the enhanced export credit period of up to 450 days till June 30, 2026, to support exporters facing disruptions due to the ongoing West Asia crisis.The central bank said the decision was taken in view of continuing logistical challenges arising from geopolitical tensions in West Asia.Exporters have been facing delays in shipments and payments due to disruptions in global supply chains and uncertain market conditions.“Due …
New Delhi, March 21 (IANS) The Centre, on Saturday, introduced major modifications to the Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME), aimed at improving credit access and supporting growth in the micro, small and medium enterprises sector, the Ministry of Finance said.Launched in January 2025, the scheme provides 60 per cent guarantee coverage by the National Credit Guarantee Trustee Company Limited (NCGTC) to member lending institutions for loans of up to Rs 100 crore extended to elig…