Import Export Business

News and Trends

JSW Group Charges Ambitions with New EV Brand Launch in India

While specific details about upcoming models remain under wraps, the move signals JSW's entry into a competitive sector dominated by established players such as Tata Motors, Mahindra, and Hyundai.

News and Trends

India's Current Account Deficit Marginally Widens to $9.7 Billion in April-June 2024: RBI Report

The RBI attributed the year-on-year (YoY) rise in the CAD to an increase in the merchandise trade gap, which swelled to $65.1 billion in Q1 FY25 compared to $56.7 billion in the corresponding period a year ago.

News and Trends

Why India Is Consolidating Its Position In JVs With China

Several manufacturing initiatives have faced delays over the past few years, now the government is revising its stance and considering permitting new Chinese-Indian JVs only if the Indian entity holds a majority stake

News and Trends

India's Exports And Imports Fell Over 8% In February: Government Data

The data stated that goods exports declined by 8.8% on yearly basis as compared with 6.58% fall in the previous month

News and Trends

Commerce Department Aims To Achieve $2 Trillion Export Target By 2030

The Union minister Piyush Goyal said that the ministry is preparing for greater multilateral and bilateral engagement with other countries

News and Trends

Why's the Indian Steel Industry Hot?

The Russia-Ukraine conflict and supply constraints from China have spurred the global demand for Indian steel export

Business News

CBP Seizes Shipment Containing 50,000 Fake Apple AirPods, 920 Nintendo Video Game Consoles From China

The officers discovered the illegitimate products after inspecting a shipment of goods arriving from China into the United States and determined that they appeared to be fake.

Business News

Shipping Containers From Stranded Ships Abandoned in California Neighborhoods

Shipping containers are now reportedly being abandoned in California neighborhoods.

Business News

Import Surge Sends US Trade Deficit to Record High

In the year-to-date, the trade deficit increased by 46.4 percent to $135.8 billion compared to the same period in 2020.

Growth Strategies

How Downstream Aluminium Can Facilitate the Way For Aatmanirbhar Bharat

The right focus on reducing heavy dependency on imports, well-thought government vision and industry strength, can together write the story of self-reliance in aluminium for India

News and Trends

Dubai Chamber's Rapid Response Initiative Sees Rising Demand For PPE Products On Its Online Marketplace

66 companies have registered for personal protective equipment (PPE) on Dubai Chamber of Commerce and Industry's online marketplace, Rapid Response Initiative (RRI), marking a 340% surge in registration since the marketplace's launch earlier this year.

Growth Strategies

'Atma Nirbhar' Indian Exports Will Require a Rethink – and a Reset

Indian Exporters Need to Move Away from Export Promotion Schemes to Become 'Atma Nirbhar'

News and Trends

COVID-19 Shifts the Balance: India Could Become Global Specialty Chemical Export Hub

The key growth accelerator would be our readiness in responding to the strong demand of key global markets to de-risk their supply chain by diversifying their base beyond China.

Finance

6 Measures Taken by the Government to Revive the Economy

Finance Minister Nirmala Sitharaman announced huge capital inflows in the real estate and export sector in an attempt to mend an ailing economy

Starting a Business

How Uzair Essack Found His Niche in Exporting

Uzair Essack founded CapeCrops because he wanted to earn in foreign currencies and access wider markets. This is his advice on starting an export business.