The organisation achieved a substantial increase of Rs 1,855 crores in export revenue, marking a 19% growth compared to the previous fiscal year.
Unlike the practice of announcing a five-year trade policy, the latest one has no end date and will be updated as and when needed, said Director General of Foreign Trade (DGFT) Santosh Sarangi.
The CSL signed the agreement with Cyprus-based Pelagic Partners for building six vessels, which are expected to be delivered in Q1 2025, on Tuesday.
Below-average rainfall in key rice-producing states such as West Bengal, Bihar and Uttar Pradesh has raised concerns over India's rice production.
Official data released this week showed that retail inflation surged to an eight-year high in April due to high prices of fuel and food items.
In a symbolic gesture for operationalising the agreement, Commerce Secretary BVR Subrahmanyam handed over Certificates of Origin to three exporters from the gems and jewellery sector.
The merchandise exports rose by by 37 per cent to $400.8 billion in 2021-22 until March 21 against $292 billion in 2020-21.
India's net exports have turned negative in the first half of 2021-22, compared to a surplus in the corresponding period of 2020-21.
India's foreign exchange reserves rose by $889 million, during the week ended August 6.
China, one of the primary chilly producers of the world, has started importing the key ingredient required for its cooking from India.