Exports
India's engineering goods exports see 54% growth
Exports of engineering goods jumped to $81.8 billion during April-December 2021 (Provisional) as compared to $52.9 billion during the same period in the previous year (2020), registering a stupendous growth of 54 per cent. Engineering goods sector constituted the largest -- over 27 per cent -- share of India's total exports basket during the period. In December 2021, exports of engineering goods touched $9.79 billion, registering a growth of 38.41 per cent over $7.07 bn logged in December 2020.
India's December gems, jewellery exports up 29% against pre-pandemic 2019
India's gem and jewellery exports during December 2021 grew 29.49 per cent to $3,040.92 million (Rs 22,914.6 crore) as compared to $2,348.44 million (Rs 16,712.46 crore) in December 2019 -- the pre-pandemic year, the Gem and Jewellery Export Promotion Council said. Besides, exports during April-December rose 5.8 per cent to $29,084 million from $27,500 during the same period of 2019.
India's December gems, jewellery exports up 29% against pre-pandemic 2019
Besides, exports during April-December rose 5.8 per cent to $29,084 million from $27,500 during the same period of 2019. "The holiday bounce has managed to offset part of the post-Diwali export slump when factories normally take a short break. Holiday and festive demand was robust in important trading centres such as the US, Hong Kong, Thailand, and Israel," Council Chairman Colin Shah said.
Services exports crossed $178 bn in 6 months despite Covid: Piyush Goyal
Goyal lauded the ITES (Information Technology Enabled Services) industry including the Business Process Outsourcing (BPO) sector for the record Services exports during the last year and informed that the Government has taken several steps to boost the start-up ecosystem, as removing problems of ‘Angel tax', simplification of tax procedure & allowing self-certification and self-regulation, reducing the burden of over 26,500 compliances and decriminalization of 770 compliances.
HAL signs contract for export of ALH to Mauritius
Mauritius already operates HAL built ALH and Do-228 aircraft. With this contract, HAL and the government of Mauritius have further strengthened the long-standing business relations spanning over three decades.
TVS Motor moped domestic sales down, exports up
According to SIAM, the two and three wheeler maker TVS Motor last month had sold 33,395 mopeds, down from 59,923 units sold in December 2020. For the period April-December 2021, TVS Motor had sold 363,868 mopeds in India, down from 462,107 units sold during the same period the previous year.
India's December merchandise exports up over 38% YoY
Exports during December 2020 stood at $27.22 billion. The data by the Ministry of Commerce and Industry showed that in comparison to December 2019, last month's exports rose by 39.47 per cent. "Non-petroleum and non-gems and jewellery exports in December 2021 were $28.92 billion, registering a positive growth of 29.67 per cent over non-petroleum and non-gems and jewellery exports of $22.30 billion in December 2020," the ministry said.
India engineering goods exports to China doubles in Nov: EEPC India
In November 2020, exports of such goods were worth $205.3 million, the council said. The US, however, remained the top buyer of Indian engineering goods at $1,196 million during the month, registering a growth of 36 per cent.
Indian auto component industry grows to Rs 1.96 lakh cr in H1
Exports of auto components grew by 76 per cent to Rs 68,746 crore in the first half of 2021-22 from Rs 39,003 crore in the first half of 2020-21. Europe accounting for 31 per cent of exports, saw an increase of 81 per cent, while North America and Asia, accounting for 32 per cent and 25 per cent respectively also registered increase of 81 and 73 per cent respectively.
Mega gems, jewellery CFC to come up at SEEPZ Mumbai
Union Commerce Minister Piyush Goyal laid the foundation stone for a CFC at the Santacruz Electronic Export Processing Zone (SEEPZ) Special Economic Zone (SEZ) in Mumbai. The Indian gems and jewellery industry has the largest skilled workforce of 4.5 million as on date.
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