Tag: india exports

Netherlands emerges as India’s 3rd largest export destination in 2023-24

June 4, 2024 admin

Image for representation. | Photo Credit: The Hindu The Netherlands has emerged as India’s third largest export destination after the U.S. and UAE during 2023-24, even as the country’s merchandise shipments dipped by over 3%, according to the Commerce Ministry data. The main commodities which registered healthy exports growth in the Netherlands include petroleum products…

Business

Disruptions in Red Sea route likely to raise freight and forwarding cost by 25-30%: Report

February 9, 2024 admin

Major shipping lines are avoiding the Suez Canal and are rerouting vessels around the Cape of Good Hope, which has increased time and costs for exporters. File | Photo Credit: KK Mustafah Sustained disruptions in the Red Sea route is likely to raise the freight and forwarding (F&F) cost by 25-30% for corporates largely dealing…

Business

India aims at $1 billion fresh banana exports in next 5 years

December 27, 2023 admin

Workers packing bananas for export at a packaging unit near Chinnamanur in Theni district, Tamil Nadu. | Photo Credit: KARTHIKEYAN G With successfully exporting a trial shipment of fresh bananas to the Netherlands through sea route, India is now aiming to increase exports of this fruit to $1 billion in the next five years, an…

Business

India’s goods exports shrinks in August

September 15, 2023 admin

Representational file image | Photo Credit: K.R. Deepak India’s goods exports shrank for the seventh successive month in August, but the pace of decline eased to 6.86% from double digit contractions in recent months, with shipments worth $34.5 billion in the month. The merchandise Import bill for August dropped 5.23% year-on-year to $58.64 billion, but…

Business