Exports Current Affairs - 2020

GJEPC launches first virtual buyer-seller meet

On September 3, 2020, the Gem and Jewellery Export Promotion Council inaugurated its first virtual Buyer and Seller meet to facilitate loose diamonds. Diamond mining in India Until the discovery of diamonds in Brazil in 1726, India was the only place where diamonds were mined. In 2013, India mined 37,515 carats of diamond. This is Read More…

India to setup its own Cotton Warehouse in Vietnam to boost Exports

The Cotton Corporation of India is holding surplus stocks of cotton. With the next harvest season approaching, the CCI is trying to boost exports. Highlights To export the current stocks, India will sign Memorandum of Understanding with Bangladesh to export 1.5 to 2 million bales of cotton. One bale is 170 kilo grams. Also, the Read More…

Indian Spices Exports increase by 23%

On July 19, 2020, the Ministry of Commerce released data on exports. According to the data, the export of spices has increased. Highlights In June 2020, Indian Spices exports has increased by 23% as compared to the same month in 2019. The exports of spices have earned 359 million USD in June 2020 as compared Read More…

Tags:

Khadi Masks gain Global recognition and demand

The Khadi and Village Industries Commission (KVIC) explore the possible option of exporting silk and cotton face masks to foreign countries. This is being done to promote “Vocal for Local”, that was initiated under Atma Nirbhar Bharat Abhiyan. Highlights So far, the KVIC has received 8 lakh orders of masks and has supplied 6 lakhs Read More…

Federation of Indian Export Organization: Indian Exports to fall by 20%

On May 19, 2020, the Federation of Indian Export Organization reported that the Indian Exports are to fall by 20%. This according to the organization will amount to 50-60 billion USD. Highlights The FIEO, the apex body of the exporters has requested to provide additional 2% support under the MEIS (Merchandise Exported from India) scheme. Read More…