Alcoholic beverages, jam among 12 items to get export push

India has defended its export ban on rice, stating that it is a regulation rather than a restriction and is necessary for the food security of its 1.4 billion people. India reiterated its commitment to ensuring food security in importing countries through exemptions granted upon request. The government has allowed exports of non-basmati rice to Bhutan, UAE, Mauritius, and Singapore.

India has lifted the ban on the export of non-basmati white rice and allowed the export of 75,000 tonnes to the UAE. The export was previously prohibited to control domestic prices and ensure food security. The exports will be permitted through National Cooperative Exports Limited, based on government permission and requests from other countries for their food security needs. India had previously allowed rice exports to Singapore and Benin is one of the major importers of non-basmati rice from India.

Union Minister Ashwini Vaishnaw on Thursday called Make-in-India a well thought initiative of PM Modi. Declaring it a success, he said that manufacturing boost has led to an increase in country's export

India's decision to restrict the exports of agricultural commodities, including wheat, rice, sugar, and onions, has caused a sharp increase in food prices worldwide. Seth Meyer, chief economist at the USDA, emphasized the importance of being a reliable supplier to maintain good customer relationships.

India Business News: NEW DELHI: Mobile phone exports from India reached close to $11.

Indias rankings in the World Banks Logistics Performance Index improved significantly over the years, rising from 54 in 2014 to 44 in 2018 and further advancing to 38 in 2023. This attests to the countrys commitment towards improving logistics.

India's merchandise exports declined by 15.88% in July to $32.25bn due to a global demand slowdown and lesser outbound shipments of petroleum, jewellery and other important products. India targets a $900bn combined export for FY24, up from the previous year's $770bn and aims to improve its export performance through more trade deals.

The 75 products have been identified from nine most promising sectors. These products contribute around USD 222 billion, which is around 50 per cent of India's total exports. At the global level, these 75 products have significant presence in world exports, whereas India's share of these products is only 6 per cent of the total world exports, it said.

Exporters in India have expressed concerns about the slow growth of labour-intensive exports such as garments, gems and jewellery, marine products, and plastics compared to countries like Bangladesh, China, and Vietnam. The Federation of Indian Export Organisations (FIEO) analyzed the sector-wise export performance over the past five years and found that India's market share in labour-intensive sectors has been declining. However, technology-driven sectors like machinery, auto components, electrical and electronics goods have seen a significant surge in global demand.

India Business News: Electronics were the sixth-biggest item in the basket, just a little lower than the $25.4-billion drugs & pharmaceuticals, one of the major products f