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In the year 2024–2025, gold and its finished items (HS code 71) were the second-largest traded items with 55.846 billion US$ worth imports and 41.692 billion US$ worth re-exports after value addition, and a significant amount of this Gold is being imported from Japan as Gold Chemical Compounds to save duty and import tax free under India ...
The Export-Import Bank of India (Exim Bank) was founded by the Government of India under the Export-Import Bank of India Act, 1981, which was introduced in the Indian Parliament by the then Finance Minister, Shri Pranab Mukherjee. The act was passed by both houses of parliament and received the assent of the President of India on 7 April 1982 ...
Exports in million US$ Share of total exports Leading export good Year 1 Gujarat: 146,485 33.55% Petroleum products 2022/23 2 Maharashtra: 72,498 16.60% Engineering goods 2022/23 3 Tamil Nadu: 40,673 9.32% Engineering goods 2022/23 4 Karnataka: 27,884 6.39% Petroleum products 2022/23 5 Uttar Pradesh: 21,686 4.97% Electronic goods 2022/23 6 ...
Bank of Karnataka was established in 1946 and opened one branch in Belgaum in 1947. At the time of this acquisition, Bank of Karnataka had 13 branches. In September 2003, the bank shifted its head office from Kodialbail to Kankanady. [5] [6] In Karnataka Bank reported Rs 285 crore fraud to Reserve Bank of India by DHFL, Religare Finvest ...
Mangalore skyline. Industrial and commercial activities dominate Mangalore's economy. Mangalore is the only city in the state of Karnataka to have all modes of transport — air, road, rail and sea — as well as being one of only five cities in India to have both a major port and an international airport.
Federation of Indian Export Organisations (FIEO) is the apex trade promotion organisation in India set up by the Ministry of Commerce, Government of India, and the private trade and industry segment in 1965. The organisation is responsible for representing and assisting Indian entrepreneurs and exporters in foreign markets.
India was one of the first countries in Asia to recognize the effectiveness of the Export Processing Zone (EPZ) model in promoting exports, with Asia's first EPZ set up in Kandla in 1965. In order to overcome the shortcomings experienced on account of the multiplicity of controls and clearances; absence of world-class infrastructure, and an ...
Karnataka is the leader in the information technology sector in India and its capital, Bengaluru, is known as the Silicon Valley of India. In the IT sector, Karnataka generated a total revenue of ₹ 516.5 billion in the financial year 2006–07 which included ₹ 487 billion from software exports and ₹ 29.5 billion from hardware exports. [29]