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India is the 19th largest exporter with a share of 1.7 per cent in the worldwide merchandise trade, Parliament was informed today. On the other hand, the country is the 12th largest importer with a share of 2.5 per cent in 2011. "As per WTO's International Statistics, 2012, in merchandise trade, India is 19th largest exporter in the world with a share of 1.7 per cent and 12th largest importer with a share of 2.5 per cent in...

  • Posted on : Wednesday , 6th March 2013
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India Factoring has decided to provide factoring service to entrepreneurs exporting goods to the overseas market, particular those who are dealing with the Europe and the US markets. So far, India Factoring, promoted mainly by Punjab National Bank, FIM Bank group of Italy, was financing entrepreneurs trading in domestic market.  India Factoring's move is aimed at expanding its books which currently stands at around Rs 1000 crore....

  • Posted on : Wednesday , 6th March 2013
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South Africa, the latest entrant to BRICS block of emerging nations, has said it expects the bilateral trade with India to reach $15 billion by 2014 and it sees impressive opportunities in retail, financial services and infrastructure sectors here.     "In 2011, bilateral trade between South Africa and India stood at 53.7 billion South African rands and is set to rise to 116 billion Rands ($15 billion) by 2014," South...

  • Posted on : Wednesday , 6th March 2013
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India and South African nations are expected to conclude a preferential trade agreement by the end of this year, which aims at reducing tariffs on certain items traded between the two sides. The India-SACU Preferential Trade Agreement (PTA) would enhance economic ties by reducing tariffs on several key products.  "Work is in progress (to conclude the PTA)... It is nearing completion as far as I can say. We are expecting it to be...

  • Posted on : Wednesday , 6th March 2013
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Expectations of a record sugar production in Uttar Pradesh in 2013-14 following a bumper harvest have brightened prospects of sugar exports next year too despite the drop in production in Maharashtra and Karnataka where water shortage has hurt the crop. Indian exported around 3.5 million tonne sugar in the 2011-12 season. In the current season, less than 5,000 tonne has been shipped till now due to low global prices. A high state-administered...

  • Posted on : Wednesday , 6th March 2013
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