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Meeting India’s growing demand for saffron

June 18, 2020/

• Iran is the largest producer as well as exporter of saffron in the world, while in India, J&K is the largest saffron producing state. • India’s share in global exports is only 0.5% at US$ 1 million in 2019. Its share in global import is 9.4% at US$ 18.8...

Black gold conundrum: India’s rising pepper imports

June 11, 2020/

• Pepper is widely produced in India, especially in the states of Karnataka, Kerala and Tamil Nadu. India exports a significant quantity of pepper to the world. • However, India also imports significant quantities of pepper, primarily due to the difference in the method of harvesting pepper, cost of pepper,...

Why India’s turmeric industry needs a healing touch

June 2, 2020/

• Despite stable and significant production, India imported US$ 43.48 million worth of turmeric in 2018-19, increasing from US$ 9.4 million in 2013-14. • The extraction and food processing (blending) industries are among the biggest consumers of turmeric. The percentage of curcumin and oleoresin content in turmeric determines the demand...

When oil becomes a buyer’s market

April 24, 2020/

• For the first time in global history, West Texas Intermediate (WTI) crude oil prices fell to -37.63 dollars per barrel on April 21, 2020. • Steep decline in spot and one-month forward prices of WTI and other landlocked crude in the US exhibit risks of the storage limits within...

Product Profile: Hand Sanitizers

March 27, 2020/

HS CODE: Multiple eight digits tariff lines under 3401 and 3402 (34013090, 34022090, 34029099 for India) • Hand sanitizer market size was estimated to be US$ 2.6 billion in 2019 and is projected to cross US$ 4 billion by 2025, growing at a CAGR of 9.1%. • A sudden surge...

Technical Textiles: Weaving a new landscape

March 26, 2020/

• A sub-set of the textile sector, technical textiles have started gaining traction in India recently owing to the evolving functionality of these textile products. They are segmented as per their application into 12 segments, depending on their application. • As per the NITI Aayog, the technical textiles global market...

Solar rooftops: Crossing over to the brighter side

March 20, 2020/

• Harbouring over 1.3 billion people, India, the world’s second most populous country, will be home to over 600 million urban dwellers by 2030. This will require smart solutions for conventional problems like finding sustainable channels for meeting their energy requirements. • Solar rooftops are a welcome strategy that the...

Product Profile: Helicopters

March 6, 2020/

HS CODE: 880211: Unladen weight < 2,000 kg 880212: Unladen weight > 2,000 kg • The helicopters market is projected to proliferate from US$ 31.7 billion in 2019 to US$ 37.4 billion by 2025, at a CAGR of 2.8% in the coming six years. • The dominant helicopter market trends...

Coronavirus & face masks: Learning the right lessons

February 21, 2020/

• With the death toll crossing 2,000 and around 75,000 plus confirmed cases in continuation, the expected global demand of face masks is anticipated to rise exponentially. • In the international market, the wholesale going rate of such face masks has climbed to US$ 8-10. This makes exports far more...

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