&w=3840&q=100)
Shiprocket partners with Fynd to improve last-mile delivery for D2C brands
With this partnership, Fynd will also integrate Shiprocket's logistics provider aggregation services, including courier selection, price comparisons, and order tracking, enabling brands on Fynd to fulfil orders using Shiprocket's logistics partners, the company said in a statement.
The service is already live for over 300 active direct-to-consumer brands on Fynd's order management system. With Shiprocket's network, the partnership is expected to improve delivery timelines, especially in Tier II and Tier III markets, it added.
"This partnership brings logistics automation and delivery optimisation to the fingertips of Fynd's brand ecosystem. Partnering with Fynd brings that vision to life for hundreds of growing D2C businesses," said Shiprocket's Chief Executive Officer (Domestic Shipping) Atul Mehta.
Ragini Varma, Chief Business Officer - India, Fynd, said, "This partnership means fewer trade-offs, broader reach, and a faster path to scale. It's the infrastructure that thinks -- so brands can focus on building what's next".
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
2 hours ago
- News18
From Textiles To Gems: India's Key Exports In Trouble As Trump Doubles Tariff To 50%
Last Updated: US President Donald Trump announced an additional 25% import duty on goods coming from India, effectively doubling the total tariff to 50% A fresh wave of US tariffs is set to severely hit several of India's key export sectors, including textiles, gems and jewellery, leather, chemicals, footwear, and shrimp, according to industry experts. On Wednesday, US President Donald Trump announced an additional 25% import duty on goods coming from India, effectively doubling the total tariff to 50%. The move is being seen as a penalty for India's continued import of oil from Russia, and will take effect in two stages, the first on 7 August, and the second on 27 August. Notably, India appears to be the only country facing such penalties over Russian oil imports. Other major buyers like China and Turkey have not been subjected to similar tariff hikes. Indian Exports Could Fall By Nearly Half Experts at trade think tank GTRI (Global Trade Research Initiative) warn that these steep tariffs could make Indian goods significantly more expensive in the US market, potentially slashing exports by 40–50%. 'The tariffs are expected to make Indian goods far costlier in the US, with potential to cut US-bound exports by 40–50 per cent," GTRI said. After the new tariff, it said, organic chemicals' exports to the US will attract additional 54 per cent duty. The other sectors which will attract high duties include carpets (52.9 per cent), apparel – knitted (63.9 per cent), apparel – woven (60.3 per cent), textiles, made ups (59 per cent), diamonds, gold and products (52.1 per cent), machinery and mechanical appliances (51.3 per cent), furniture, bedding, mattresses (52.3 per cent). In the financial year 2024–25, bilateral trade between India and the US stood at $131.8 billion, with Indian exports at $86.5 billion. Key sectors at risk include textiles and clothing ($10.3 billion), gems and jewellery ($12 billion), shrimp ($2.24 billion), leather and footwear ($1.18 billion), chemicals ($2.34 billion), and machinery ($9 billion). Exporters Raise Alarm Yogesh Gupta, MD of Megaa Moda in Kolkata, said India's shrimp exports are already under pressure from Ecuador, which faces only a 15% tariff in the US. 'We are already facing huge competition from Ecuador as it has only 15 per cent tariff. Indian shrimp already attracts a 2.49 per cent anti-dumping duty and a 5.77 per cent countervailing duty. After this 25 per cent, the duty will be 33.26 per cent from August 7," Gupta said. The Confederation of Indian Textile Industry (CITI) expressed 'deep concern" over the situation. 'The US tariff announcement of August 6 is a huge setback for India's textile and apparel exporters as it has further complicated the challenging situation we were already grappling with and will significantly weaken our ability to compete effectively vis-à-vis many other countries for a larger share of the US market," it said. Similarly, Colin Shah, MD of Kama Jewelry, said, 'Many export orders have already been put on hold as buyers reassess sourcing decisions in light of higher landed costs. For a large number of MSME-led sectors, absorbing this sudden cost escalation is simply not viable. Margins are already thin, and this additional blow could force exporters to lose long-standing clients." view comments Location : New Delhi, India, India First Published: News business From Textiles To Gems: India's Key Exports In Trouble As Trump Doubles Tariff To 50% Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
India.com
2 hours ago
- India.com
Trump Tariffs: Textiles, jewellery, gems...; check complete list of Indian exports likely to be hit hardest by US' 50% tariffs
(File) Trump Tariffs India: Domestic export sectors such as leather, chemicals, footwear, gems and jewellery, textiles and shrimp will be severely impacted by the imposition of the 50 per cent tariff by the US, say industry experts. US President Donald Trump on Wednesday slapped an additional 25 per cent tariff, raising the total duties to 50 per cent on goods coming from India, as a penalty for New Delhi's continued purchase of Russian oil. The United States has imposed additional tariffs or penalty for Russian imports only on India while other buyers such as China and Turkey, have so far escaped such measures. 'The tariffs are expected to make Indian goods far costlier in the US, with potential to cut US-bound exports by 40–50 per cent,' think tank GTRI said. After the new tariff, it said, organic chemicals' exports to the US will attract additional 54 per cent duty. The other sectors which will attract high duties include carpets (52.9 per cent), apparel – knitted (63.9 per cent), apparel – woven (60.3 per cent), textiles, made ups (59 per cent), diamonds, gold and products (52.1 per cent), machinery and mechanical appliances (51.3 per cent), furniture, bedding, mattresses (52.3 per cent). The 25 per cent duty, announced on July 31, will come into force from August 7 (9.30 am IST). The additional 25 per cent will be implemented by the US from August 27. These will be over and above the existing standard import duty in the US. In 2024-25, the bilateral trade between India and the US stood at USD 131.8 billion (USD 86.5 billion exports and USD 45.3 billion imports). The sectors, which would bear the brunt of 50 per cent duty include textiles/ clothing (10.3 billion), gems and jewellery (12 billion), shrimp (USD 2.24 billion), leather and footwear (USD 1.18 billion), chemicals (2.34 billion), and electrical and mechanical machinery (about USD 9 billion). Kolkata-based seafood exporter and MD of Megaa Moda Yogesh Gupta said that now India's shrimp will become expensive in the US market. 'We are already facing huge competition from Ecuador as it has only 15 per cent tariff. Indian shrimp already attracts a 2.49 per cent anti-dumping duty and a 5.77 per cent countervailing duty. After this 25 per cent, the duty will be 33.26 per cent from August 7,' Gupta said. The Confederation of Indian Textile Industry (CITI) said that it is 'deeply concerned' about the potential adverse impact of the effective 50 per cent US tariff rate for India. The US is India's largest market for textile and apparel exports.. 'The US tariff announcement of August 6 is a huge setback for India's textile and apparel exporters as it has further complicated the challenging situation we were already grappling with and will significantly weaken our ability to compete effectively vis-à-vis many other countries for a larger share of the US market,' it said. It urged the government to urgently take steps to help the sector during these hugely testing times. Colin Shah, MD, Kama Jewelry, said this move is a severe setback for Indian exports, with nearly 55 per cent of India's shipments to the US market directly affected. The 50 per cent reciprocal tariff effectively imposes a cost burden, placing our exporters at a 30–35 per cent competitive disadvantage compared to peers from countries with lesser reciprocal tariff, he said. 'Many export orders have already been put on hold as buyers reassess sourcing decisions in light of higher landed costs. For a large number of MSME-led sectors, absorbing this sudden cost escalation is simply not viable. Margins are already thin, and this additional blow could force exporters to lose long-standing clients,' Shah said. Kanpur-based Growmore International Ltd MD Yadvendra Singh Sachan said the exporters should look for new markets to maintain export growth. Exporters are hoping that early finalisation of the India-US bilateral trade agreement will help in dealing with the tariff challenges. The negotiations between India and the US are still going on for an interim trade deal, though there will be no compromise on the red lines with regard to duty concessions on agriculture items, dairy, and genetically modified (GM) products, sources said. The two countries are negotiating a bilateral trade agreement (BTA). They are aiming to conclude the first phase of the pact by fall (October-November) this year. (Only the headline has been reworked by staff. Copy comes from an agency feed)
Mint
2 hours ago
- Mint
Trump's additional 25% tariff may affect India's 40-50% exports to US: GTRI's Ajay Srivastava breaks down impact
The tariffs recently announced by the US could have a severe impact on India's exports to the US. The tariffs are expected to make Indian goods far more expensive in the US, with the potential to cut America-bound exports by 40–50 per cent, think tank Global Trade Research Initiative (GTRI) said on Wednesday. The White House said earlier that the measures are imposed in response to India's continued purchase of Russian oil, as reported by PTI. On August 6, Washington announced an additional 25 per cent tariff on all Indian imports, on top of an existing 25 per cent duty, taking the total to 50 per cent from August 27. These new 'reciprocal' tariffs come with their own set of consequences: Economic disadvantage: This move places India among the "most heavily" taxed US trading partners, putting it at a disadvantage compared to rivals such as China, Vietnam, and Bangladesh, which face lower tariffs. Broad impact: The tariff threatens most of India's $86.5 billion in annual exports to America, from textiles to machinery. Adding to the consequences, Global Trade Research Initiative (GTRI) Founder Ajay Srivastava said that China bought $62.6 billion of Russian oil in 2024, which is more than India's $52.7 billion, yet the country does not face any such penalties. Washington avoids targeting Beijing because of China's dominance over critical minerals such as gallium, germanium, rare earths, and graphite, which are crucial for US defence and technology, he said. Srivastava also added that the US has also overlooked its allies' trade with Russia such as the European Union (EU) which imported $39.1 billion of Russian goods last year, including $25.2 billion in oil. The US itself purchased USD 3.3 billion in strategic materials from Russia, the news agency said. "The tariffs are expected to make Indian goods far costlier in the US, with potential to cut US bound exports by 40–50 per cent," he said.
