India's farm exports to top $20 bn by 2014: GovernmentSeptember 9th, 2009 NEW DELHI - Exports of agricultural products from India will more than double to top Rs.1 lakh crore (Rs.1 trillion or $20 billion) in the next five years, says an official export promotion agency of the commerce ministry. According to estimates by the Agricultural and Processed Food Products Export Development Authority (Apeda), the share of India's farm product exports in the global trade will also grow from 2 percent now to over 5 percent.
Anand Sharma unveils foreign trade policyAugust 27th, 2009 NEW DELHI - Union Commerce and Industry Minister Anand Sharma on Thursday announced a new foreign policy for the next five years which aims at an export target for 2010-11. He said that the duty refund scheme will continue till December 2010, while income tax holiday for export-oriented units will be there for one more year.
India, Australia sign $20.5 bn gas dealAugust 19th, 2009 NEW DELHI - India's Petronet LNG has signed a $20.5-billion gas purchasing agreement with Australia's ExxonMobil, the first long-term gas contract between the two countries. According to the agreement, signed Aug 10 in Perth, ExxonMobil will sell around 1.5 million tonnes of liquefied natural gas (LNG) annually from the Gorgon project in western Australia to Petoronet for 20 years.
Australia, India sign AUD 25 billion Gorgon LNG DealAugust 19th, 2009 NEW DELHI - Australia and India have signed their first ever long-term LNG contract. A Sales and Purchase Agreement between ExxonMobil and Petronet LNG of India was completed on August 10, 2009.
Denmark's exports to India to grow 25 percentAugust 19th, 2009 KOLKATA - Exports from Denmark to India are expected to grow by 25 percent by 2010, a senior Danish diplomat said here Wednesday. "The boost in exports will come from the healthcare, machinery and energy sectors," said Peter Sand, commercial counsellor at the embassy of Denmark, at an interactive session organised by the Confederation of Indian Industry (CII).
Krishna to convince Australia for lifting ban on uranium exports to India: SourcesAugust 4th, 2009 NEW DELHI - Indian External Affairs Minister S M Krishna today left on a five-day visit to Australia. While the issue of racial attacks on Indian students which grabbed international attention will figure high on agenda during his meetings with Australian leadership, highly placed sources have told ANI that External Affairs Minister will also try and convince Canberra to lift the ban on uranium exports to India.
Relief package soon for services exports industry: MinisterJuly 31st, 2009 NEW DELHI - The government is looking at a relief package to exporters of services, who contribute over 40 percent to India's total export basket, in the foreign trade policy to be announced in August, Commerce Minister Anand Sharma said Friday. "The services exports have been substantially contributing towards exports.
Mango exports rose by 43 percent in 2008-09July 27th, 2009 NEW DELHI - India has seen an increase of 43.76 percent in its mango exports in 2008-09 as compared to the year before, a union minister said here Monday. "There was a drop in mango exports during 2007-08 due to quality deterioration on account of vagaries of weather, but in 2008-09 exports have picked up reflecting an increase of 43.76 percent in quantity terms," Minister of State for Commerce and Industry Jyotiraditya Scindia told the Lok Sabha.
India 'timidly' seeks Australia's explanation over racial attacks on studentsJune 24th, 2009 NEW DELHI - External Affairs Minister S.M Krishna has said that India has sought an explanation from Australia over attacks on its students there. Talking to reporters here on Tuesday, the Minister said, "We are in close touch with the High Commissioner and we are also in close touch with our High Commission there in Australia.
Australia pulls out of Davis Cup tie against IndiaApril 25th, 2009 SYDNEY - Tennis Australia (TA) announced Saturday that its team will not go to Chennai for the Davis Cup tie against India next month because of security concerns. This may result in a one year suspension of the team from the competition.
India-Chile trade can reach $5 bn by 2014: CIIMarch 15th, 2009 NEW DELHI - The bilateral trade between India and Chile can reach $5 billion by 2014 from $2.1 billion last fiscal, according to an industry lobby report released Sunday. The Confederation of Indian Industry (CII) report, released a day before Chilean President Michelle Bachelet arrives here for a five-day official visit, said India should set up bilateral forums with Latin American countries like Chile to bolster trade.
Australia to reopen dairy exports to IndiaMarch 4th, 2009 CANBERRA - The Australian and the Indian government agreed Tuesday to resume the trade of Australian milk products for the first time since the suspension of importing goods in 2003. 'India's changing demographics, particularly its growing middle class and urbanization, is creating real potential for the trade growth and Australia is well placed to provide high-value dairy products,' Trade Minister Simon Crean said in a statement while commenting on the bilateral agreement.
FICCI seeks separate export promotion council for auto sectorFebruary 23rd, 2009 NEW DELHI - Industry lobby Federation of Indian Chambers of Commerce and Industry (FICCI) Monday urged the government to set up a separate export promotion council (EPC) for India's automotive industry to help it achieve higher share in the global market. 'A separate EPC with the primary objective of helping the Indian auto sector to achieve 5 percent share in global trade in the next 10 years needs to be created,' the chamber said in a statement.
'Seafood exports likely to drop about 20 percent'February 6th, 2009 KOCHI - Seafood exports are likely to fall about 20 percent both in quantity and value terms this fiscal due to the global economic slowdown, an industry body has said. 'The global meltdown has taken a toll on the industry, and seafood prices are going down in international markets,' Anwar Hashim, president of the Seafood Exporters Association of India, told IANS here.
India to have most modernised met department: SibalJanuary 14th, 2009 NEW DELHI - India will have one of the most modernised meteorological departments in the world by 2014, a central minister said here Thursday. Speaking at the India Meteorological Department's (IMD) 134th Foundation Day, Union Minister for Science and Technology Kapil Sibal said: 'The central government has set in motion the process to make IMD one of the most modernised departments in the world and this could be achieved by 2014.'
The IMD has taken up new initiatives for massive modernization and upgradation of equipment, computing facilities, technology, services and human resource development.
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