Wait...

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Cashew Industry of Kollam district facing crisis due to price disparity of raw material, less incent.


Date: 29-05-2018
Subject: Cashew Industry of Kollam district facing crisis due to price disparity of raw material, less incent
The Cashew industry in Kollam district of Kerala has been facing severe crisis from past few months which has led to closure of several units.

The key issue that the MSME sector is facing is that it is mainly promoted by people having domain expertise in processing alone with limited capital and there is lack of access to raw material market and the market for finished products. 

Talking to KNN, the Commercial Manager of Kerala State Cashew Development Corporation Ltd, V Saji said that there are various factors responsible for present crisis in the Cashew industry such as disparity in the prices of raw nuts and exported kernels, import duty on raw cashew and decline in export incentives.

He said in order to bring the industry out of the crisis, export incentives should be enhanced along with increase in indigenous production of cashews.

Quoting the other factors that have adversely affected the industry, the Cashew Export Promotion Council has found the 35 per cent hike in minimum wages that came into effect in March 2015 responsible for the crisis.

The import duty of raw cashew at 5 per cent and import of sub-standard processed cashew from Vietnam has also affected the domestic market in the country, it stated.

Further, the state has also not yet received the GST refund after the advent of new taxation system which made the situation worse for the industrial units.

Limited capital and inadequate supply of loans has also contributed to the lesser production quantity. 

Source: knnindia.co.in

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 24-10-2020



Date: 21-10-2020
Notification No. 38/2020-Customs
Notification regarding exemption of duties of Customs against scrips issued under the RoSL scheme for apparel and made-ups sectors.

Date: 21-10-2020
Notification No. 07/2020 – Central Excise
Notification regarding exemption of duties of Central Excise against scrips issued under the RoSL scheme for apparel and made-ups sectors

Date: 20-10-2020
Notification No. 37/2020-Customs
Seeks to further amend notification no. 152/2009 dated 31.12.2009, regarding the rate of duty of customs on imports of "Polybutadiene Rubber" originating in Korea RP and imported under the India-Korea Comprehensive Economic Partnership Agreement.

Date: 15-10-2020
Notification No. 99/2020 - Customs (N.T.)
Exchange rate Notification No.99/2020-Cus (NT) dated 15.10.2020- regd.

Date: 13-10-2020
Trade Notice No. 30/2020-2021-DGFT
Electronic filing and Issuance of Preferential Certificate of Origin (CoO) for India’s Exports under GSP, GSTP, India-Malaysia CECA, India-Singapore CECA w.e.f. 15th October 2020

Date: 13-10-2020
Notification No. 30 /2020 -Customs (ADD)
Seeks to amend notification No. 48/2015-Customs (ADD), dated 21st October, 2015 to extend the levy of ADD on imports of “Plain Medium Density Fibre Board of thickness 6mm and above” originating in or exported from China PR, Malaysia, Sri Lanka & Thailand, for a period of three months i.e. upto 20th January, 2021.

Date: 09-10-2020
Notification No. 39/2015-2020
Amendment in Export Policy of Onions

Date: 08-10-2020
Circular No. 44/2020-Customs
Procedure for inspection of ICDs/CFSs/AFSs -reg

Date: 08-10-2020
Notification No. 50/2020-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI



Exim Guru Copyright © 1999-2020 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001