Import/Export Industry Notifications

As India continued to record a fall in new Coronavirus infections this week, the Agricultural and Processed Food Products Export Development Authority (APEDA) has begun export-oriented marketing of exotic seasonal fruits, vegetables and floricultural products.

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The Sardar Vallabhbhai Patel International (SVPI) airport in Ahmedabad will operationalise its extended cargo terminal with greater cargo handling capacity by July, confirmed sources.

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Exports from industries operating from Special Economic Zone (SEZ), Pithampur have jumped 24% in the financial year 2020/21 as against the last year on a pick-up in demand from overseas buyers as they opened up post the outbreak of Covid-19.

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The Indian economy has been slowing, now at 5-6% range, and will need quite a bit of policy-change reforms, in a complex world environment, to be successful in the decade ahead,” said Martin Wolf, Chief Economics Commentator, Financial Times. He was in conversation with Anil Sasi, National Business Editor, The Indian Express.

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Import and export through Banglabandha land port have been suspended for five days because of the fear that the 'Indian variant 'of Covid-19 and black fungus may spread in the bordering district. Trading will resume on June 4.

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This variety's unique feature is enriched with protein, fibre, and various minerals. A start-up firm has exported two consignments of 4.5 tonnes of patented “village rice” sourced from Kumbakonam in Tamil Nadu's Thanjavur district to Ghana and Yemen via air and sea routes.

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When the domestic market continues to stumble under the second wave of Covid-19, exports have come to the industry's rescue by bringing in much-needed business from overseas. The exporters’ reprieve, however, seems to be spoiled by the container shortage and spiralling rates of containers.

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Led by engineering goods, gems and jewellery, and pharmaceuticals, exports grew more than 60% year-on-year to a record $34.5 billion in March and earned a robust $32 billion in April, the first month of the fiscal year 2021-22.

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The Drewry World Container Index released Thursday showed the rate for a 40-foot container from Shanghai to Rotterdam rose to $10,174, up 3.1% from a week ago and a 485% jump from a year ago.

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