Ximpex - Complete consultation guides to Export

From the previously agreed terms the centre has raised the amount of sugar to be exported through quota’s system by the applied mills after considering enough stockpiles left to cater to domestic need.

 UK's All Party Parliamentary Group (APPG) to lead FTA between India and UK. To celebrate the 75th anniversary of India's Independence, an APPG consisting of 25 members of parliament and others to support the INDIA-UK FTA to promote and benefit both the trade parties and people in the nation.

India Engineering Goods witnessed around a 12% increase in its exports, the top countries being the US, Germany, Mexico, UK and Bangladesh. Besides, it is expected that JSW Steel Joint Managing Director and CFO Seshagiri Rao to rollback on the duty of steel from the Government by Q3FY23.

South East Asia Major Importer of India’s Marine Products Upto 50% Exports of Fisheries from GOA increased by 50% to 36,057 tonne’s major importers are South Asian Countries, followed by the USA, China, the Middle East and European Union. Frozen Foods accounts for 28,104 tonnes.

GOI Mulls to Export Sugar more than previously exported quantities. GOI is considering to export 1 million tons of sugar by Sep 30 this year. Considering the request from the Indian Sugar Mills Association, Aditya Jhunjhunwala, India will be left with enough quantities to satisfy domestic demand even after additional exports.

 The Negative Trade with UAE turned Fruitful with CEPA’s Pact. After the Comprehensive Economic Partnership Agreement (CEPA) which came to be on May 1, India’s export to UAE grew by 16.22% to 837.14million from 720.31million from the previous year. Exports Included textiles, Agriculture, Dry Fruits, Gem’s and Jewellery are getting duty-free access to the UAE market. Plain Gold and Jewellery Increased by 62% and 59%, "Plain Gold being the direct beneficiary of CEPA" Gold and Jewellery Export Promotion Council (GJEP) said.

 Russia Pays Premium Upfront For Indian Tea Exports The Exports of Tea halted due to Russia Ukraine war are resuming as Russia payed upfront amount for CTC Tea and Orthodox Tea - Loose Leaf Tea Manufactured in the traditional way has zoomed 50% In price and CTC Tea has increased by40% in demand.

Trajectory of Aimed Export’s Insinuate Positive Trend by 25% India’s target of $23.56Billion exports achieved $5.98Billion in the first three months of the fiscal year, Fresh Fruits & Vegetables rose by 8.6%, Processed Food Products by 36.4%, Dairy and Poultry Products by 9.5%

  In FY 2020-2021 (Apr-Nov), Around 7.36 USD million value of Sesame Oil was exported from India to the USA. It was around 21.41% of the total export of Sesame Oil. The value of Sesame Oil exported from India in October 2020 was 4.04 USD million. Want to Export Sesame Oil? Come join us. . . Check out our website for more information: www.ximpex.in We help you Export... Effortlessly!

  Co-operatives soon be able to Export Central Government working on a draft that enables the co-operatives to export from India; there are approximately 8.55 lakh co-operatives in India with almost 13 crore farmers directly linked to it. With an outlay of ₹,2516 crores over 5 years union cabinet approved the computerization of 63,000 PACS (Primary Agricultural Cooperative Credit Societies)

 

 

 Wheat Exporters Will Finally Be Happy Now. Wheat Exporters ban imposed on may 14 is finally lifted but wheat exports shall be recommended by Inter-Ministerial Committee (IMC) this shall come into effect on 12/07/2022. During the Period of 06/07 - 12/07, Wheat flour loading on the ship commenced before the notification period and wheat handed over to the customs department and registered in their system shall be exported without any regulations.

 

  Service Exports are a major concern now. Service Exports are expected to touch $300Billion this year after a 40% increase in the previous year. Through the Foreign Trade Agreements made with UAE and Australia, India is seeking to export services, The FTA with UAE is already in force and with Australia, it is expected to be active this year after the parliament session in Australia. Commerce Department is focusing to reach $1Trillion in Export in both Products and Services by 2030.

 

District Export Hubs Scheme to be expected in NEW FTP in September. Commerce Ministry is expecting (Foreign Trade Policy) FTP of the five years before September, it is to include “Districts as Export Hubs” to boost Indian exports and create new job opportunities. There are 750 districts in the country initial target is to focus on 50 districts, it is a competition to get into this 50 district list, 60% are centrally sponsored 40% are state-sponsored.

 India soon to resume the export of sugar Referring to a request from sugar mills for the government to export unrefined stocks as the stockpiles reached above the ceiling on exports of about 7,00,000 tonnes. Indian mills are second to Brazil and Thailand yet India consistently exported Raw Sugar since it can’t be sold in the domestic market Centre may soon resume exporting sugar at right time.