EEPC

Exports of engineering goods to Russia jumped 11 times in April this year to $133.6 million as compared to year-ago month while the U.S. and China markets continued to soften, the engineering export promotion council said on…

RBI and the banks need to arrive at an understanding to make the rupee trade mechanism seamless, Arun Kumar Garodia said There is a lack of clarity among banks about the International Trade Settlement mechanism in rupees (INR) and those…

This assumes significance as the share of engineering exports in total merchandise exports from India is about 25%. “India’s engineering goods exports to the US declined 7% in December, and…

Engineering exporters have urged the government to rethink the 15% export duty imposed this May on iron and steel products, arguing that it was the most critical factor behind shrinking shipments in recent months and could pose a challenge…

<!-- -->The government levied an export duty of 15 per cent on almost all the major steel products.Kolkata: In the wake of rising input costs, especially primary steel, the government's decision to remove import duty on raw materials…

<!-- -->Steel industry has showed mixed reactions to Government's sopsThere have been mixed reactions within the steel sector of the country after Government waived off import duty on raw materials like coking coal and ferronickel and…

Engineering exporters body EEPC India has sought to caution members to the possibility of a delay in realisation of payments from Russia, which is the biggest export market for Indian engineering goods among the CIS countries. Exclusion of…

Uncertainty looms over India’s export outlook, with the new Covid-19 variant Omicron spreading rapidly across the country’s key shipment destinations. With the US and parts of Europe witnessing more than 100,000 Covid-19 cases a day,…

As skyrocketing prices of primary raw materials have been hurting the industry, especially MSMEs, the government should consider including iron and steel products in the RoDTEP scheme to make exports more competitive, said EEPC India…