The court observed that only the Central government had the power to issue notification framing or amending the Exim Policy under section 3 of the Foreign Trade (Development and Regulation) Act 1992.
Viju Jacob, managing director of Synthite, said its spice processing unit will come up at Chicago at an investment of Rs 100 crore in next fiscal year.
Industry experts said the improved performance may not extend to the rest of the year as uncertainties continue to plague the market.
The decline in arrivals and robust domestic demand have raised the price of the spice by 15-20% over the last six weeks.
The Hyderabad-based instant coffee major plans to introduce sachets that are set to redefine coffee consumption in the country.
Seafood exporters said they did not expect immediate benefit from the rupee depreciation as it is a lean season.
Shrimp accounts for 70 per cent of India’s total seafood export revenue.
Cardamom has been fetching Rs 800-1,000 per kg despite good production thanks to robust export demand.
India imports more than half its requirement of SR, which is a derivative of crude oil. While imported SR varieties have increased 20-25%, industry players said that local manufacturers were poised to raise prices.
In a first of its kind of initiative in the country, 29 coconut producer companies in the state comprising 4 lakh farmers are planning to launch a common brand of coconut oil.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon