Surge in imports coupled with a blip in demand ahead of the upcoming general elections is weighing on steel firms. Data sourced from BigMint (formerly SteelMint/CoalMint), a market intelligence and price reporting firm, show that the average monthly price for hot rolled coil (HRC) in January stood at Rs 54,275 per tonne ex-Mumbai.… Continue reading Rising imports weigh on Indian steelmakers ahead of Lok Sabha polls | News
Tag: imports
Banning imports of used equipment to help medical industry reach $50 bn
Steps such as raising customs duty on certain items, banning import of used or old equipment, and introduction of performance linked incentive scheme for value-added production will help India’s medical devices industry touch $ 50 billion by 2030, a report by think tank GTRI said. Suggesting six action points for the government and… Continue reading Banning imports of used equipment to help medical industry reach $50 bn
Bulk drug imports from China hit 75% in FY23 despite PLI scheme: Report
Bulk drug imports from China increased from 62 per cent to 75 per cent in the past nine years and India continues to depend on Chinese shipments despite commissioning of various domestic manufacturing projects under the government’s production-linked incentive scheme, a report said. According to a report by Care Ratings, imports of bulk… Continue reading Bulk drug imports from China hit 75% in FY23 despite PLI scheme: Report
Curb on imports may have cascading effect on second-hand laptop prices
Dixon Tech, Optiemus, HCL Info rally 8-9% on laptops, tablets import curbs Laptop import curbs lift EMS stocks but analysts warn of jumping the gun India to cut import duty on Washington apples to 50% by September end From Chola tradition to Jawaharlal Nehru: All you need to know about Sengol Nehru Memorial Museum and… Continue reading Curb on imports may have cascading effect on second-hand laptop prices
Curbs on laptop imports to check hardware with in-built security loopholes
The government has imposed a licensing requirement for the import of laptops, tablets and personal computers to guard against IT hardware coming in with in-built security loopholes that may potentially endanger sensitive personal and enterprise data, top sources said. With India having sufficient capacity for IT hardware devices manufacturing, the requirement of purchasers… Continue reading Curbs on laptop imports to check hardware with in-built security loopholes
Apple, Samsung halt laptop imports to India after sudden restrictions
By Sankalp Phartiyal Apple Inc., Samsung Electronics Co. and HP Inc. are among the biggest names freezing new imports of laptops and tablets to India after the South Asian country abruptly banned inbound shipments without a license. Regulators on Thursday surprised the world’s biggest PC makers when they made licenses… Continue reading Apple, Samsung halt laptop imports to India after sudden restrictions
Govt restricts imports of laptops, tablets to boost domestic manufacturing
Exemption will also be allowed for purchase of such items from e-commerce portals, through post or courier. “Imports shall be subject to payment of duty as applicable,” DGFT said The Directorate General of Foreign Trade (DGFT) on Thursday put under restricted category the import of laptops, tablets, personal computers, ultra small form factor computers… Continue reading Govt restricts imports of laptops, tablets to boost domestic manufacturing
India’s July edible oil imports hit record at 1.76 mn metric tonnes
India’s edible oil imports in July rose to a record 1.76 million metric tonnes as refiners built up stocks for upcoming festivals given uncertainty over supplies from the Black Sea, five dealers told Reuters. Higher purchases by the world’s biggest importer of vegetable oils could help to lower palm oil stocks in Indonesia… Continue reading India’s July edible oil imports hit record at 1.76 mn metric tonnes
Jindal Stainless seeks govt intervention to check surging steel imports
According to official data, the Share of China, Japan, Vietnam, Saudi Arabia, Russia, Nepal and the USA increased in total steel imports of India in June 2023 as compared to June 2022 Stainless steel maker Jindal Stainless Ltd (JSL) has sought the government’s intervention to check increasing imports of steel products from a select… Continue reading Jindal Stainless seeks govt intervention to check surging steel imports