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All posts by Roshan Raj Durai

August 6, 2018
NEW DELHI: With the US imposing additional 25 per cent duty on imports worth USD 34 billion from China, certain Indian products may become more competitive, CII said today. An analysis by the industry chamber revealed that India should focus on the US market for items in the categories of machinery, electrical equipment, vehicles and […]
August 3, 2018
Confederation of Indian Textile Industry (CITI) on Friday highlighted that the India’s huge trade deficit with China is a matter of great concern. India’s trade deficit with China has increased from $51.1 bn. in 2016-17 to $62.9 bn in 2017-18. India’s bilateral trade with China was $89.6 bn in 2017-18. India exported $1,362 mn worth […]
August 2, 2018
Prices of orthodox teas, which are largely exported to Iran, have fallen 9.1% year-on-year as Indian banks are not showing interest in rupee-denominated letters of credit for doing business in Iran, said senior executives. This is a fallout of the uncertainty in Iran after the US re-imposed economic sanctions on the country, they said. “We […]
July 30, 2018
KOCHI: Indian seafood exports may show lower growth this fiscal as shrimp prices continue to remain low and cautious farmers go slow on production. While prices of shrimp, which dominates the seafood export basket, are down by 20% from last year, fear of white spot disease and lower prices had forced many farmers to go […]
July 28, 2018
A massive milk glut in India could hit international prices for dry milk powder after government subsidies aimed at supporting local farmers look set to spur a nine fold surge in exports, industry officials told Reuters. India’s skimmed milk powder (SMP) exports are expected to rise to 100,000 tonnes in the 2018/19 fiscal year as […]
July 25, 2018
The Cotton Advisory Board (CAB) has estimated that during the current cotton season of October, 2017 to September, 2018, the export of cotton from India is likely to increase by 20% over last year and is expected to touch 70 lakh bales by September, 2018, a release from the Press Information Bureau said. From October, […]
July 24, 2018
KOCHI: The Indo- US bilateral trade has untapped potential to reach much more than the $125 billion achieved last year, according to Robert G Burgess, US consul general. “Make in India and making in the US can be complementary and need not be exclusive,” he said at the golden jubilee celebrations of Indo-American Chamber of […]
July 21, 2018
NEW DELHI: Rising digitisation will unlock a potential $39 billion worth of export opportunities for Indian businesses in select verticals by 2022, up from $16 billion in 2017, says a Google-KPMG report. Travel, media and entertainment, software-as-a service (SaaS), consumer brands as well as real estate are the verticals providing high-potential export opportunities, according to […]
July 20, 2018
NEW DELHI: The Trump administration will share a list of its trade issues with India next week, as the two sides seek to iron out their differences over bilateral trade that have arisen from tit-for-tat tariff actions in the last few months. This was agreed at a new round of talks between the two countries […]
July 18, 2018
NEW DELHI: India has expressed its willingness join the WTO dispute consultation requested by Russia as third party against the US decision to impose high customs duties on certain steel and aluminium products. In a communication to the World Trade Organisation (WTO), India has stated that it has substantial trade interest in the sector. In […]
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