For centuries, Indian textiles used to go offshore, contributing significantly to the GDP. Even in the colonial period, textile mills served as tailors to the world.
This initiative is in line with India's Foreign Trade Policy 2023 and RBI's framework for invoicing, payment, and settlement of exports/imports in INR, in addition to US Dollar, Euro and other currencies, according to a statement from ICICI Bank.
The location of GIFT City works to its maximum advantage. Built in the vicinity of Gandhinagar and Ahmedabad, the trio stands to provide economies of scale in terms of developing an ecosystem for business, education, exports, international finance and foreign investment.
Mumbai (Maharashtra) [India], April 25 (ANI/PNN): Mukesh Patel, Chairman, Greenlab Diamonds has recently been awarded the Special Recognition Award for its Valuable Contribution to the Lab Grown Diamond Sector in India at the 49th Edition of India Gem & Jewellery Awards (IGJA2022). Organ
Exports increased from EUR 50 billion in 2002 to EUR 287 billion in 2022. Compared with 2021 (EUR 235 billion), the 2022 total represented an increase of 22 per cent. Imports rose from EUR 32 billion to EUR 112 billion between 2002 to 2022, rising almost 12 per cent from 2021 (EUR 100 billio
After the Sri Lankan Agriculture minister announced that the authorities are planning to export 100,000 endangered toque macaque monkeys to a private Chinese company, animal rights activists staged a protest, Voice of America reported.
The US remains the top destination for India's engineering goods exports in the financial year 2022-23 with total shipments value recording 6.8 per cent year-on-year growth to USD 18.67 billion.
The decision by the Ministry of Finance comes nearly 11 days after the Bangladesh Knitwear Manufacturers and Exporters Association submitted a request for financial support for the payment of salaries and Eid bonuses ahead of Eid-ul-Fitr.
New Delhi [India], April 19 (ANI/SRV): Aaquaries Global Industries Limited, Mumbai based top research-driven pharmaceutical company started in the year 2007 focusing on contract manufacturing APIs from Natural Extracts for Malaria Anti - Cancer & various other segments & a leading ex
Surat (Gujarat) [India], April 18 (ANI/PNN): The prestigious Santokbaa Humanitarian Award, an initiative of Shree Ramkrishna Exports (SRK) a leading diamond crafting and exports company, and its philanthropic arm Shree Ramkrishna Knowledge Foundation (SRKKF), has been conferred on a notable