Export shows buoyant trend
Hotline: 1800 102 2007
X
Search Business Opportunities
2011-04-05

Export shows buoyant trend

Meanwhile the government is providing duty incentives to exporters for these new markets

The nation's exports grew by an impressive 50 percent in February on the back of rising demand from new markets including Asia, Latin America and Africa, said Federation of Indian Export Organisations (FIEO).
 
Exports went up by 49.7 percent year-on-year during February to USD 23.5 billion, taking the April-February 2010-11 figure to USD 208.2 billion, an increase of 31.4 percent over the year-ago period and past the yearly target of USD 200 billion.
 
However, Deora said that demand is still weak in several European markets. The US and Europe were the traditional markets for Indian exporters, but after the global economic crisis, exporters increased their engagement in new markets of Asia, Latin America and Africa.
 
Meanwhile the government is providing duty incentives to exporters for these new markets.
 
Imports also increased by 21.2 percent in the month under review to USD 31.7 billion, leaving a trade deficit of USD 8.1 billion, according to the Commerce Ministry data released on Friday.

Related opportunities
  • Other Vocational Training
    Ever since its inception way back in 1998, IWP has..
    Locations looking for expansion Delhi
    Establishment year 1998
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Car wash / Ceramic Coating / Detailing
    Start your own express car wash franchise business and be..
    Locations looking for expansion Uttar Pardesh
    Establishment year 1987
    Franchising Launch Date 2010
    Investment size Rs. 10lac - 20lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Gautam Buddha Nagar Uttar Pardesh
  • Quick Service Restaurants
    Partner With Genuine Broaster Chicken: “Broasting®” is a unique cooking method..
    Locations looking for expansion New Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Okhla New Delhi
  • Others Food Service
    About: Desi Farms was incorporated in the year 2016. We are..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts