In order to promote India-Africa trade and economic relations, Ministry of Commerce and Industry regularly reviews India’s trade with Africa through institutional mechanismslike Joint Commission Meetings (JCMs), Joint Trade Committees (JTCs), and Joint Working Groups(JWGs), an official release said on Wednesday.
The Federation of Indian Micro and Small & Medium Enterprises (FISME) has asked the government to "thoroughly" review the role of institutions meant to support exports such as Exim Bank and Export Promotion Councils (EPC).
Exports now account for about 70% of its turnover
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The government on Monday admitted that GST refunds of some ‘Star exporters’, among thousands of others, are being withheld and cited pending verification of their KYC and other details for it.
By Nishel Fernando, Sri Lanka’s apparel industry targets a 6 percent year-on-year (YoY) growth in exports for this year, moving ahead with plans to set up a 200-acre fabric park with foreign investments in collaboration with the Board of Investment (BOI) in the Eastern province, eyeing to attract large-scale orders by reducing lead times with locally-sourced fabrics.