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New Delhi: With an aim to boost exports, the Finance Ministry on Tuesday said customs clearance of all export goods will take place on 24x7 basis from four major air cargo complexes at Bangalore, Chennai, Delhi and Mumbai from July 1. "All exports including those made under export incentives scheme as well as duty drawback scheme will now be able to be move out of the country on 24x7 basis," Finance Ministry said in a...

  • Posted on : Wednesday , 26th June 2013
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The Federation of Indian Export Organizations forms the INDIAN PAVILION at the 17th Kenya International Trade Exhibition, which is being held at Nairobi from October 4th to 6th, 2013. Approximately 50 Indian companies are taking part in this mega event, thus forming the Indian Pavilion. “Kenya International Trade Exhibition is an excellent platform for Indian companies to effectively promote their range of products in a market that...

  • Posted on : Thursday , 8th August 2013
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In an effort to push the bilateral trade between India and Africa from the present $70-billion to $100-billion by 2015, the Federation of Indian Chambers of Commerce and Industry (Ficci) is gearing up to market India’s growth story in Africa to ensure an upper hand in its investment race with China in Africa. The apex chamber is leading its delegation to at least eight countries in Africa during the current financial year, including...

  • Posted on : Monday , 17th June 2013
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The Export-Import Bank of India has approved a $300 million worth of line of credit to Ethiopia, paving the way for construction of a railway line linking this landlocked country in the Horn of Africa to a port city in neighbouring Djibouti. An agreement in this regard was signed between T.C.A. Ranganathan, chairman and managing director of Exim Bank, and Ahmed Shide Mehamed, Ethiopian State Minister of Finance and Economic Development...

  • Posted on : Monday , 17th June 2013
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PORT LOUIS: Having established itself as a major player in Mauritius, top Indian bank SBI expects robust business in providing funds to Indian companies looking to use this island nation as a gateway for investments in Africa. "For Indian companies using Mauritius as an investment gateway to Africa, we will naturally be a preferred banking partner," SBI (Mauritius) Ltd Managing Director and CEO J S Hiremath said. SBI Mauritius is...

  • Posted on : Saturday , 15th June 2013
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