Page-3 of exports Current Affairs, GK & News

GoI lifts ban on PPE exports; monthly quota set as 5 million units

On June 29, 2020, the Government of India lifted the ban on export of Personal Protective Equipment (PPE). Also, it has fixed a monthly quota of 5 million units. Highlights The Ministry of Commerce has enforced a new rule along side lifting the ban on PPE exports. According to the new rule, an enterprise or ..

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Khadi Masks gain Global recognition and demand

The Khadi and Village Industries Commission (KVIC) explore the possible option of exporting silk and cotton face masks to foreign countries. This is being done to promote “Vocal for Local”, that was initiated under Atma Nirbhar Bharat Abhiyan. Highlights So far, the KVIC has received 8 lakh orders of masks and has supplied 6 lakhs ..

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Federation of Indian Export Organization: Indian Exports to fall by 20%

On May 19, 2020, the Federation of Indian Export Organization reported that the Indian Exports are to fall by 20%. This according to the organization will amount to 50-60 billion USD. Highlights The FIEO, the apex body of the exporters has requested to provide additional 2% support under the MEIS (Merchandise Exported from India) scheme. ..

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GoI sets up Centre of Excellence for coir applications

The Coir Board signed a Memorandum of Understanding with IIT Madras. The memorandum aims to set up a Centre of Excellence for Coir Applications. Highlights Under the MoU, the Centre of Excellence is to extend the research work of the coir sector with the support of IIT Madras. The MoU will extend the use of ..

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Chemical Industry becomes the Top Exporting Sector in the Country for the First Time

For the first time ever, India’s chemical and petrochemical industry has become the top exporting sector in the country. About India’s chemical industry has become the top exporting sector in the country for the first time in its history- registering an exports’ growth of 7% to 2.68 lakh crore INR in the April to January ..

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