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Is Trade Connect Your Ultimate Hub for Import Export Data?

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  The Trade Connect Platform is all set to revolutionize how businesses handle trade! Developed with support from the Ministry of MSME, EXIM Bank, TCS, and other government bodies, this exciting new portal is your one-stop shop for everything related to import and export.  Commerce Minister Piyush Goyal announced that the platform will provide easy access to customs duties, rules, regulations, and essential import export data , making it simpler for exporters and importers to find what they need. Director General of Foreign Trade, Santosh Kumar Sarangi, highlighted that users will enjoy real-time access to crucial trade information and connections with key government departments and trade experts. With support for over 600,000 import export code holders, the platform will link them to officials from Indian missions and export councils. Expect detailed information on customs duties, free trade agreements, trade services, and comprehensive Indian trade data ! Goyal emphasized th...

Amazon Aims for $5 Billion in Indian Export Sales This Year

Amazon anticipates that Indian exporters will generate $5 billion in sales of small items to markets such as the U.S. and U.K. this year, an increase from $3 billion in 2023. Through its Global Selling program, nearly 150,000 small exporters will connect with international customers, boosting Indian export data for 2024. Bhupen Wakankar, Amazon's global trade director, stated they are investing in tools to help sellers improve visibility and sales. By the end of 2024, Amazon plans to support over $13 billion in total e-commerce export data from India, enhancing the country's import export data . This move highlights India's growing role in global trade, as companies look to diversify from China. Amazon is also working with India's commerce ministry to connect small manufacturers offering products like textiles and Ayurveda items, which are easier to ship and less impacted by import taxes. This collaboration further strengthens Indian trade data by facilitating smoo...