SEZ exports grew 50 percent in 2008-09

September 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.

September 8th, 2009 NEW DELHI - Even as auto companies worldwide are in a slump, India saw a 25.59 percent growth in the sale of passenger cars in the domestic market in August, compared to the like month of last year, industry data showed Tuesday. According to the Society of Indian Automobile Manufacturers (SIAM), 120,669 units were sold last month, compared to 96,082 units in August 2008.

September 8th, 2009 NEW DELHI - After a period of gloom, the auto industry bounced back in August, registering a 25.59 percent growth in domestic passenger car sales, as compared to the year-ago period, industry data released Tuesday showed. According to the Society of Indian Automobile Manufacturers (SIAM) data, 120,669 units were sold last month, compared to 96,082 units in August 2008.

July 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.

July 20th, 2009 NEW DELHI - The share of manufactured goods in India's exports declined from 81 percent in 1999-2000 to 63 percent in 2008-09, according to an industry lobby survey released here Monday. However, India's project exports - setting up infrastructure projects overseas - increased by over 25 percent during the same period, the report by the Associated Chambers of Commerce and Industry (Assocham) said.

July 17th, 2009 Singapore exports drop, show little improvementSINGAPORE — The slump in Singapore's non-oil exports eased only slightly in June, suggesting the city-state's economy still faces a tough battle after emerging from recession in the second quarter. Exports fell 11 percent in June from the same month of 2008 to 11.4 billion Singapore dollars ($7.9 billion) following a 12 percent drop in May, according to Trade and Industry Ministry figures released Friday.

July 1st, 2009 NEW DELHI - Passenger car manufacturer Hyundai Motor Wednesday said its sales (including exports) rose 17.6 percent to 47,267 units in June as against 40,182 units in the same month last year. The company's exports grew at a faster pace, logging 32.5 percent rise at 24,251 units, compared to 18,301 units exported in June 2008.

June 8th, 2009 NEW DELHI - Continuing the erratic growth cycle registered in the past five months, India's passenger car sales fell by almost 0.8 percent in May to about 140,500 units, compared to the near 142,000 units sold in the corresponding month last year. While passenger car sales were up about 4.2 percent in April and almost 15 percent in February, the industry had contracted by about 1.15 percent in March and 3.2 percent in January, data released Monday by Society of Indian Automobile Manufacturers (SIAM) said.

June 4th, 2009 MUMBAI - Bajaj Auto, the country's second largest two-wheeler manufacturer, has reported 8.1 percent fall in its motorcycle sales last month. The company said in a statement Thursday that it sold 165,049 motorcycles last month as against 179,649 vehicles in May 2008.

May 30th, 2009 KOCHI - Seafood exports in 2008-09 till February-end have grown close to 8 percent in volume and about 10 percent in rupee terms as compared to the corresponding period the previous fiscal. It was earlier feared that exports would fall by as much as 20 percent.

May 11th, 2009 NEW DELHI - Automobile sales in the country grew nearly 11 percent in April over the corresponding month the previous year largely due to a handsome growth registered by two-wheeler sales, a leading industry body said Monday. 'In April production grew at 10.19 percent and domestic sales by 10.76 percent.

April 30th, 2009 NEW DELHI - India's exports to the US have fallen by 11.5 percent in the five-month period since last October, said the Federation of Indian Chambers of Commerce and Industry (FICCI), adding that this was a 'matter of deep concern'. 'The sharp decline in our exports to the US that accounts for 13 percent of our global exports is a matter of deep concern,' FICCI president Harshpati Singhania said in a statement Thursday.

April 22nd, 2009 NEW DELHI - India's gold jewellery industry retained its sheen in 2008-09 despite the economic slowdown by posting 23.64 percent growth in exports, an industry lobby report said Wednesday. According to the report by the Gem and Jewellery Export Promotion Council (GJEPC), the gold jewellery exports grew from $5.54 billion (Rs.22,315 crore) in 2007-08 to $6.85 billion in 2008-09.

April 1st, 2009 NEW DELHI - India's merchandise exports dipped 21.7 percent in February to Rs.58,685 crore ($11.91 billion), as compared to Rs.60,476 crore ($15.22 billion) in the corresponding month last year, according to government data released Wednesday. Exports figures have been contracting since last October, forcing the commerce ministry to revise the target for 2008-09 to $175 billion from $200 billion following fall in overseas demand.

February 2nd, 2009 NEW DELHI - India's merchandise exports will fall again in January - by as much as 22 percent - after three successive months of decline since October, because of the global economic meltdown, Commerce Secretary G.K. Pillai said Tuesday.