Commerce Minister Arun Jaitley will take up with Finance Minister Jaswant Singh the issue of hardening rupee and its impact on exports to ensure that growth is sustained without exporters having to curtail their profit margins.
The steep depreciation of rupee will not give an immediate advantage to the country's exporters.
The industry alleges the government has been apathetic, despite their pleas for quick action. However, H2 may be different as The US-China trade war had opened a window for Indian exporters to ship more to America.
Electronics and hardware exports clocked year-on-year growth of 3.90 per cent to touch Rs 8,000 crore (Rs 80 billion) this fiscal, Electronics and Computer Software Export Promotion Council said on Monday.
Gem and Jewellery Export Promotion Council on Wednesday said it expects to attract foreign direct investment worth $2 billion in this fiscal besides a growth of 20-25 per cent.
Buoyed by the momentum created in the last fiscal, India's export target for 2005-06 has been revised upwards to $92 billion from $88 billion, Union Minister of State for Commerce E V K S Elangovan said on Monday.
The government has said it will examine proposals for the simplification of procedures for export oriented units and special economic zones in a time-bound manner.
The Gem and Jewellery Export Promotion Council of India has announced the performance figures of the sector for January-December 2004.
The Gem and Jewellery Export Promotion Council has engaged UK-based Trend Forecasting for trend analysis focussing on the global market. \n\n
India's electronic hardware and computer software services registered a growth of 35 per cent in dollar terms at $6.5 billion during the first half (April-September) of the current fiscal.
Sectors with positive growth during the month include rice, iron ore, oil seeds, oil meals, meat, dairy and poultry products, pharmaceuticals, coffee, engineering goods, and plastic.
The Electronics and Computer Software Export Promotion Council said on Monday that the offshore operations in computer software and services are on the rise and the share for 2002-03 is estimated at 60 per cent.
Close on the heels of US retailer J C Penney's announcement to enhance outsourcing from India, domestic apparel exporters have firmed up plans to hold a mega garment show in Dallas and New York.
Tata Consultancy Services, with exports worth $806.1 million is the largest software exporter during 2001-02, while Celetron India led the race in exports of computer hardware.\n\n\n\n
India's computer software and services exports registered a growth of 28 per cent in 2001-02 at $7.652 billion despite a series of negative developments.
Indian software industry is targeting the middle-east market as it seeks to raise the information technology exports from $8 billion last year to $50 billion in 2008.
Indo-German trade should touch Rs 26,000 crore in 2003 as a result of appreciation of the euro against the dollar which would result in a shift from dollar invoicing, D Kebschull, director, Indo-German Export Promotion Council, said.
The Engineering and Export Promotion Council will send a 15-member delegation to China in February-March, 2005, to explore export potential, its chairman Rakesh Shah said.
Buyers from 19 countries participated and showed interest in sourcing from India.
In India 24-carat gold is used mostly in coins and bars
Infosys has bagged Electronics and Computer Software Export Promotion Council award in computer software and services sector for 2000-01
With the foreign apparel market looking towards India to meet its requirements in the post-quota period, the Apparel Export Promotion Council will be organising mega shows in the United States in June.
Gems and Jewellery exports from India would exceed $10 billion in 2003-04 as against the $9.1 billion in the last fiscal even as exporters have set a target of $16 billion by 2007.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances