Articles for tag: agricultural, Boosting, Burgeoning, Challenges, Complex, Exports, India, Partnership, Regulatory, Seafood, Seek, Sustainability, Trade

Market News

India and the US seek agricultural partnership, boosting trade and sustainability amid complex regulatory challenges and burgeoning seafood exports.

India and the US seek agricultural partnership, boosting trade and sustainability amid complex regulatory challenges and burgeoning seafood exports.

A senior official from ITC emphasized the importance of boosting agricultural productivity and improving food distribution between India and the US during a panel at the Indo-US Economic Summit. Sanjeev Bhat highlighted the growing trade in agricultural products, particularly seafood, rice, and spices, which is seeing a significant yearly increase. With plans for a new ...

Market News

India’s exports to China plummet by over 22%, highlighting rising import dependency amid a broader global trade slowdown.

India’s exports to China plummet by over 22%, highlighting rising import dependency amid a broader global trade slowdown.

India is experiencing a significant drop in exports to China, with a 22.44% decline to $1 billion in August, compared to an overall export decrease of 9% to $34.7 billion. Despite this contraction, China’s dependency as India’s largest import partner remains strong, with imports rising by 15.5% year-on-year to $10.8 billion. Key export items to ...

Market News

India’s electronics exports soar 21.8%, fueled by Apple and vendors, driving hopes for a 0 billion future by 2030.

India’s electronics exports soar 21.8%, fueled by Apple and vendors, driving hopes for a $200 billion future by 2030.

Electronics exports from India surged by 21.8 percent from April to August 2024, reaching $13.57 billion, primarily driven by mobile devices. Mobile device exports alone accounted for $7.56 billion, making up over half of total electronics exports. Key players in this growth include Apple Inc. and its Indian vendors—Foxconn, Tata, and Pegatron—who contributed 67 percent ...

Market News

Manufacturing exports plummet from 18% in FY13 to just 1.8% in FY24, signaling a dramatic decline in international sales.

Manufacturing exports plummet from 18% in FY13 to just 1.8% in FY24, signaling a dramatic decline in international sales.

In a concerning trend for India’s manufacturing sector, the share of exports in total sales has plummeted by nearly two-thirds over the last decade, ending in the financial year 2022-23. Exports once made up over 18 percent of manufacturing sales in FY13, but this figure dropped dramatically to just 6.8 percent in FY23. Early estimates ...

Market News

Nitin Gadkari unveils Revolt Motors’ electric bike, targeting global markets as India ramps up two-wheeler exports.

Nitin Gadkari unveils Revolt Motors’ electric bike, targeting global markets as India ramps up two-wheeler exports.

Union Minister Nitin Gadkari highlighted the significant potential for Indian electric two-wheeler exports, particularly to regions where traditional motorcycles are already in demand. At the launch of Revolt Motors’ new electric commuter motorcycle, he noted that half of India’s motorcycle production is exported, with established companies like Bajaj Auto and Hero MotoCorp leading the way. ...

Market News

Ford plans to revive its Chennai factory for exports, marking a dramatic return to the Indian market after its 2021 exit.

Ford plans to revive its Chennai factory for exports, marking a dramatic return to the Indian market after its 2021 exit.

Ford Motor Company has announced plans to reopen its Chennai factory, focusing on production for export markets. This move marks the company’s return to the Indian Market after it halted production in August 2022. Kay Hart, president of Ford’s international markets group, has submitted a letter of intent to the Tamil Nadu government, which is ...

Market News

Tamil Nadu’s electronics boom intensifies with Jabil’s Rs 2,000 crore investment, creating 5,000 jobs amid soaring iPhone exports.

Tamil Nadu’s electronics boom intensifies with Jabil’s Rs 2,000 crore investment, creating 5,000 jobs amid soaring iPhone exports.

Tamil Nadu is becoming a major hub for electronics manufacturing, driven by a significant investment from Jabil Inc., which plans to establish a new facility in Tiruchirapalli. This investment of Rs 2,000 crore will create approximately 5,000 jobs, marking Jabil as the fourth Apple supplier in the state, alongside Foxconn, Pegatron, and Tata Electronics. Recently, ...

Market News

TVS Motor Soars: 13% Sales Surge Fuels Record August Exports!

TVS Motor Soars: 13% Sales Surge Fuels Record August Exports!

TVS Motor Company reported a significant increase in sales, rising by 13 percent year-on-year in August, totaling 391,588 units. This marks an improvement from 345,848 units sold during the same month last year. Notably, two-wheeler sales surged to 378,841 units, reflecting a 14 percent growth compared to August 2023. The domestic Market alone saw two-wheeler ...

50 Current Affairs Questions and Answers for Business category as on May 19, 2024

50 Current Affairs Questions and Answers for Business category as on May 19, 2024

Stay updated with the latest happenings in the financial world with these 50 multiple-choice questions. Based on significant events and updates reported on May 19, 2024, this comprehensive quiz is perfect for those preparing for competitive exams or anyone keen on current affairs. Current Affairs Questions and Answers for Business category Q1: Which company announced ...

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