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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102013) | |
23081. In a first, India figures on arms exporters list
- In a first, India has figured on a list of global arms exporters, making a modest entry at number 23 but the ranking is likely to rise sharply over the coming years. The latest data on global arms transfer by SIPRI shows that Indian arms imports have come down significantly (by 32%) since 2015, indicating that the ‘Make in India’ initiative is gaining ground but the country is still ranked as the world’s 2nd biggest weapons buyers, just behind Saudi Arabia.
- Imports from the US have taken a huge dip in the past 5 years, with the data showing that Russia now accounts for 56% of arms supplies. The US no longer figures among the top 3. After Russia, Israel at 14% and France at 12% are the major sources of weapons for India.
- At present, the exports shown are modest – they account for only 0.2% of the global arms market – but the start is significant. India’s biggest clients are Myanmar, which accounts for 46% of exports, Sri Lanka at 25% and Mauritius at 14%.
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23082. India phone exports more than doubled on-year to 3.6 crore units in FY19-20
- We have attracted interest from companies such global giant Samsung and Chinese OEMs in the mobile phone segment coupled with the right set of incentives for them,” said Faisal Kawoosa, founder and chief analyst, TechArc.
- The mass domestic market, which was underpenetrated for long, has provided an opportunity to these players to address local demand as well as set-up base here,” he added. India’s phone exports for FY19-20 stood at 3.6 crore units, or more than double the previous year's 1.7 crore units, according to data released by ministry of commerce on Wednesday.
- “We have attracted interest from companies such global giant Samsung and Chinese OEMs in the mobile phone segment coupled with the right set of incentives for them,” said Faisal Kawoosa, founder and chief analyst, TechArc.
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23083. India allows additional 745 tonne raw sugar exports to US
- The government on Friday permitted export of additional 745 tonne raw sugar under its tariff-rate quota (TRQ) to the US which enables shipments to enjoy relatively low tariff. TRQ is a quota for a volume of exports that enter the US at relatively low tariffs. After the quota is reached, a higher tariff applies on additional imports.
- With this additional quantity, India has permitted exports of 9,169 tonne of raw sugar to the US under TRQ during US fiscal year 2020. India enjoys duty-free sugar exports to the US for up to 10,000 tonnes annually under preferential quota arrangement.
- India has exported 28.68 lakh tonne of sugar so far in the current marketing year ending September on the back of assistance offered by the government to boost shipments, according to All India Sugar Trade Association (AISTA). India exported sugar to 58 countries, but 65 per cent of the total shipments were to Iran, Somalia, Malaysia, Sri Lanka and Afghanistan.
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23084. Fresh export orders for tea, basmati from Iran, China and Russia
- Iran, China and Russia have placed fresh orders for Indian black tea in the midst of the Covid-19 outbreak, a boost for the domestic industry which has incurred losses of about 100 million kg of teas owing to the lockdown.
- West Asian nations led by Iran have also placed orders for basmati rice, but traders are likely to miss the crucial Ramzan period, April 23-May 23, as it takes 40-45 days to ship the consignments.Mohit Agarwal, director, Asian Tea, told ET: “There is good demand from Iran for orthodox teas.
- Their banks have opened and payments for the earlier consignments are coming. Exporters are buying privately since the auction centres are yet to open.
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23085. Raja M. Shanmugham, president of Tiruppur Exporters’ Association, says
- "Tiruppur, which has not been a healthcare products manufacturing hub so far, has ventured into production of masks, coveralls and personal protection gear". "Even during lockdown, during the last couple of days, almost 200 seam-sealing machines were imported and installed by companies in Tiruppur." "The Centre is expected to revoke the ban on export of masks soon."
- "When the lockdown is lifted, we will have access to more resources.” “We have a testing facility in Coimbatore.”
- “Tiruppur will now become a hub for making quality medical textiles"
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23086. Govt permits exports of non-medical, non-surgical masks
- The government on Saturday eased mask export restrictions by permitting outbound shipments of non-medical and non-surgical masks of all types, including cotton, silk, wool and knitted. However, all other types of masks such as N-95 and surgical masks will continue to remain prohibited for exports.
- Apparel exporters were demanding ease in export ban on cotton, silk, wool, and knitted masks. "It is a welcome move. We had requested the government for this. Now we will have huge export orders. We expect to export these masks worth USD one billion in the next three months," Apparel Export Promotion Council of India Chairman A Sakthivel said.
- The government had banned export of surgical/disposable masks and textile raw material used for making masks in the wake of coronavirus outbreak. Earlier on January 31, the government had banned export of personal protection equipment, including clothing and masks used to protect the wearer from air borne particles and/or any other respiratory masks.
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23087. India’s exports to Latin America increased to 13.2 billion dollars in 2019-20, the highest in the last 5 years
- Brazil came back this year to claim its position as the # 1 destination of India’s exports to the region, with 3.97 billion dollars, overtaking Mexico.
- The other major destinations were: Mexico USD 3.62 billion; Colombia USD1.04 billion; Chile USD 793 million; Peru USD 764 million; Argentina USD 763 million. Surprisingly, exports to Venezuela doubled to USD 340 million doubling from USD 165 million in 2018-19. Exports to Mercosur was USD 5005 million, Pacific Alliance USD 6223 million, CAFTA (Central America + DR) USD 1200 million and others USD 754 million.
- Vehicles USD 3231 million; Chemicals USD 2576 mn; Machinery USD 1426 mn; Textiles USD 1058 mn; Diesel USD 1049 mn; Pharma USD 962 mn; Cotton USD 359 mn; Plastics USD 386 mn; Iron and steel USD 394 mn; Aluminium products USD 342 mn; Rubber products USD 264 mn.
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23088. India Records All Time High Export Of Coir And Coir Products
- The export, of coir and coir products from India worth Rs. 2757.90 crore for the year 2019-20, registering an all-time high record, which is around Rs. 30 crore higher than that of the last year i.e. 2018-19 which stood at Rs. 2728.04 crore.
- While the exports of coir pith, tufted mats, coir Geo-textiles, coir rugs and carpets, coir other sorts, coir rope and power-loom mats registered growth both in terms of quantity and value. 9,88,996 MT of coir and coir products were exported during the year 2019-20 from the country as against 964046 MT exported during the preceding year.
- Coir pith with export earnings of Rs. 1349.63 crore constituted 49% of the total export of coir products from the country. Coir fibre with an export of Rs. 498.43 crore constituted to 18% of the total exports.
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23089. Amazon says exports from India-based sellers cross $2 billion
- Amazon.com Inc's total exports from small and medium sellers in India, part of a company programme to export products to global markets, have crossed the $2 billion mark, two company executives said on Monday.
- The programme, also operational in other markets, has helped more than 60,000 Indian sellers export products to 15 Amazon websites, the company said.
- Current sales are still a fraction of India's total exports of goods and services, which are estimated at nearly $530 billion in the financial year that ended on March 31.
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23090. Riding on the heels of falling Case Fatality Rate, the Union Government decides to permit exports of ventilators
- The government permitted export of 40 million surgical masks and 2 million medical goggles every month as country is producing these protective gears in excess to their domestic demand, a top official said.
- The Directorate General of Foreign Trade (DGFT), an arm of the commerce and industry, emended the earlier notification “to the extent that the export policy of 2/3 ply surgical masks, medical goggles is amended from prohibited to restricted category” while export of face shields has been made free.
- Earlier exports of these items were banned to ensure their adequate domestic availability as these equipments are crucial in fighting against the Covid-19 pandemic.
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