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Latest Articles in imports

New Law For SEZs: Commerce Ministry Proposes Host Of Incentives

The commerce ministry is proposing a host of direct and indirect incentives such as deferral of import duties and exemption from export taxes to revamp Special Economic Zones through a new legislation, an official said

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India Backs Down From Coal Import Targets For Utilities, Notice Shows

In May the power ministry had said it would cut domestic fuel supplies to state government-run utilities if they did not import 10 per cent of their coal needs for blending with domestic coal

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India Should Consider Imports As Essential Strategy To Boost Exports: Niti Aayog Official

There is no reason why India should lose out on export opportunities in this sector to neighbouring countries as our country has been a global hub for textile manufacturing since time immemorial, he said

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Sri Lanka To Restrict Fuel Imports For Next 12 Months

Sri Lanka will restrict fuel imports for the next 12 months because of a severe shortage of foreign exchange, its energy minister said on Monday, as the island nation’s new government seeks to find a way out of a crippling economic crisis

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Imports In Medical Devices Rise By 41% In FY22, Domestic Units Closing: AiMeD

AiMeD, an umbrella organisation of domestic medical device manufacturers representing the interest of over 1500 Manufacturers of Medical Devices pointed out that from 1,200 units, the numbers had gone up to 1,800 during the peak of the pandemic. Slowly, units started to shut down as imports from China kept on rising. Now, it is estimated that there are around 1,500 such units, and many more are on the verge of closing down

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Rupee's Fresh Record Low To Hit Imports, Overseas Education, Travel

The primary and immediate impact of a depreciating rupee is on the importers who will have to shell out more for the same quantity and price. However, it is a boon for the exporters as they receive more rupees in exchange for dollars

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India's Palm Oil Imports Rise Marginally To 590,000 Tonnes In June: SEA

Among soft oils, the import of soyabean oil increased by 12 per cent to 2.30 lakh tonnes in June this year, as against 2.06 lakh tonnes in the same period of the previous year

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Why India Ramped Up Russian Oil Imports, Easing Pressure On Moscow

Indian refiners have done the opposite, snapping up more Russian crude while the government explores ways to protect domestic oil firms from punishment should they fall foul of sanctions

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Pakistan's Trade Deficit Hits Record-high Of $48.66 Bn As Imports Soar

The outgoing fiscal year's trade deficit has crossed the USD 37 billion figure in 2017-18, which was largely led by imports related to the China-Pakistan Economic Corridor

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NIRYAT Portal Will Bridge Gap Between Export Imports: CAIT

Prime Minister Narendra Modi inaugurated 'Vanijya Bhawan' and launched the NIRYAT portal in Delhi and said it will help in breaking silos by providing real-time data to all stakeholders

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Duty On Solar Modules, Cells To Continue; Don't Want Imports: Power Minister

However, developers of renewable energy projects have been raising concerns that the domestic capacity is not enough to meet their needs of modules and cells, and were expecting relief from the government

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Consumer Durables To See 3-5% Price Hikes Amid Costlier Imports: Industry

Moreover, the depreciating Indian rupee against the US dollar has put further woes on manufacturers as imported components have become costlier, with the industry largely being dependent on imports for key components

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Exports: States Hold The Baton, Must Usher In Reforms

Geography drives exports as much as commerce. What works for landlocked states may not work for the coastal states. The state governments have a profound, more visible act to perform. Their actions impact the business environment up and close

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India's May Palm Oil Imports On Track Despite Indonesia's Curbs, Traders Say

The ban could dent India's imports in June as refiners are struggling to secure supplies from Malaysia, traders said

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India's March Palm Oil Imports Jump As Ukraine Sunflower Oil Supply Ceases

In March, 550,000 tonnes of palm oil landed in India, up from 454,794 tonnes in February, said a Mumbai-based dealer with a global trading firm

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