NEW DELHI: At a time when the world economy is facing the worst credit freeze in several decades, India attracted $2.7-billion FDI in January, up 58.8% from a year ago, and remained a favourite destination for cross-border investments. Imports of vegetable oils, have increased by 59% to nearly 36 lakh tonne during November 2008 to Mar. NEW DELHI: Vegetable oil imports may rise by 20% to touch 7.5 million tonne in 2008-09 season ending October this year on the back of zero import duty on cooking oil, according to industry estimates. “I expect the world economy to partially recover by September and if that happens we expect to go back to the growth rate of 8-9%, which has b. GUWAHATI: Prime Minister Manmohan Singh said the world economy will recover “partially” by September and India would then go back to the growth rate of 8-9%. In January, Egypt had imposed a temporary precautionary fee of 25% for one year, ad. NEW DELHI: Egypt has withdrawn the 'precautionary fee' of 25% on imports of cotton yarn, fabric and sugar from India after New Delhi protested the move by the African country on the ground that it violated WTO rules. Meanwhile, industry body CII said that India and Poland should aim at increasing their bilateral trade to $5 billion in the next five years b. NEW DELHI: President Pratibha Patil on Thursday arrived in Poland on a three-day state visit during which three bilateral agreements are expected to be inked. In value terms, exports clocked $10.13 billion in 2008-09 as against the $9.68 billion in 2007-08, Apparel Exports Promotion Council (AEPC) Chairman Rakesh Vaid told reporters at ne. ĬOIMBATORE: Despite the global meltdown, apparel exports from the country registered over 4% growth in 2008-09 fiscal. NEW DELHI: With fresh enquiries beginning to pour in from the US and EU, Indian handicraft exports, one of the worst sufferers of the economic meltdown, is likely to enter the positive terrain in the next two months, giving hope to artisans who had lost their jobs. Handicraft exports may turn positive in 2 months The firm is set to make these investments in infrastructure, agriculture and rura.
NEW DELHI: International Finance Corporation (IFC), the World Bank’s lending arm, on Tuesday said it plans to invest close to $1 billion (Rs 5,000 crore approximately) in India in the next fiscal (July 2009-June 2010).
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The central board of excise and customs (CBEC) said in a circular that the exporters seeking full duty drawback will have. NEW DELHI: The government decided to extend full rate of duty refunds, including excise, to merchant exporters, who purchased goods from the local markets for overseas shipments. NEW DELHI: India is set to sign an FTA with Asean either in August or October this year, opening the $1.1-trillion South-East Asian market for Indian exporters who find it hard to sell their merchandise in the recession-hit west.
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