Budget 2024: 45-day payment rule for MSMEs must come to an end, industry saysWith India’s 63 million MSMEs facing a problem, changes in the ruling can go a long way in keeping buyer-seller equations intact, while als...
ET Make in India SME Regional Summit in Lucknow to highlight the city’s thriving labour-intensive industriesThe second session of this year’s ET Make in India SME Regional Summit will be held in Lucknow with a special focus on uplifting the city’s...
Why footwear makers and exporters are divided over quality standardsWhile all stakeholders say the quality control order is beneficial for the industry, manufacturers say the implementation is trampling over...
Size matters: How India Size can transform the fashion industry and also push up exportsManufacturers are optimistic that the initiative of the Ministry of Textiles to establish standardised body sizes more suitable for India w...
Not so festive: Why winter orders are not bringing in any cheer for exportersMerchandise exports shrunk to 12.7% in April on the back of sluggish demand and recession enveloping major markets. This has led to cancell...
What is a letter of credit and how to obtain oneA letter of credit works as an assurance given to the exporter that he will be paid by the bank for the trade.
Ease of doing business: It takes 22 days to clear a ship in Indian ports. China does it in 5India’s ports have multiple trade barriers, the trading community says. These are making businesses and goods uncompetitive in the global m...
Inefficient and expensive, India’s dry ports are dying. Reviving them can bolster the trade backboneFor decades, dry ports have shared the goods and supply chain burden with seaports. But their role is diminishing in today’s trade ecosyste...
India is targeting $1 trillion exports by 2030. Is that enough to ensure export-driven growth?After crossing the target of $400 bn in FY22, India’s exports continue to show an upward trend. This is good news. But focussing on exports...
‘Completely unjustifiable’ GST rate hike on apparel, textiles and footwear show the Govt has no easy choicesThe Government wanted to correct a tax anomaly, but in the process the apparel, textiles and footwear sectors believe the move would lead t...
Too little, too late: RoDTEP rates leave exporters disappointed, hope for a rate review by the governmentExporters in the industry too expressed concern on how a primary raw material like steel had not been included under RoDTEP.
In competing with China and Vietnam, Indian exporters confront half-baked incentive schemesWhen the WTO took aim at India’s export incentive schemes, the government quickly came up with a better alternative. But the new scheme is ...
Tanneries in tatters: Country’s leather sector on the verge of collapseWith payments worth crores stuck overseas, the Indian leather sector has been hit hard by the economic fallout of the pandemic. Without gov...
As slowdown bites, exporters get innovative, think ‘out of the box’The world economy may be facing a slowdown, but exporters have upped the innovation quotient to beat the blues.
Slowdown is imminent in the current economic climate, exporters sayIndia’s exports are expected to face the brunt of currency devaluation across major economies.
Budget 2019: Exporters lament lack of vision plan specific to their sectorThe annual growth rate of merchandise exports, the survey noted, fell from 10 per cent in 2017-18, to 8.8 per cent in 2018-19.
Budget 2019: Access to credit, increased ease of doing business, top demands of tier 2, 3-based MSMEsEmploying over 60 million people and contributing 45% of industrial output and 40% of the country's exports, MSMEs are the critical growth ...