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Business Standard
21-07-2025
- Business
- Business Standard
28 states, UTs form export strategy to promote outbound shipments: Official
As many as 28 states and Union Territories (UTs) have formulated their export strategy with a view to promoting the country's outbound shipments, an official said on Monday. The official also said all 36 states and UTs have constituted State Export Promotion Committee (SEPC) and District Export Promotion Committee (DEPC). Further, a draft district action plan has been prepared by the regional authorities of the Directorate General of Foreign Trade (DGFT) for 590 districts. Out of this, 249 are formally notified by DEPCs. These plans include a broad strategy for promotion of exports from districts, the official said. The Centre is promoting states to engage in export promotion activities as it would help boost domestic manufacturing and job creation. "State export strategy has been prepared in 28 states/UTs," the official added. These include Uttar Pradesh, Maharashtra, and Karnataka. In the Foreign Trade Policy (FTP) 2023, the DGFT has included the 'Districts As Export Hubs' initiative with an aim to channelise the potential and diverse identity of each district of the country to make them export hubs. Towards this goal, the products and services with export potential in all the districts of the country have been identified, and an institutional mechanism in the form of SEPC at the state/UT level and DEPCs at the district level has been created in all districts to provide support for export promotion and address the bottlenecks for export growth. District export action plans are being prepared for identified products and services, to benefit both producers and manufacturers - addressing challenges to export, identifying infrastructural bottlenecks, supply chain gaps, improving market accessibility and providing handholding for increasing exports. India's exports remained flat at USD 35.14 billion in June due to global economic uncertainties, while the trade deficit narrowed to a four-month low of USD 18.78 billion during the month. During April-June 2025-26, exports increased 1.92 per cent to USD 112.17 billion, while imports rose 4.24 per cent to USD 179.44 billion.
Time of India
21-07-2025
- Business
- Time of India
28 states, UTs formulate export strategy to promote India's outbound shipments: Official
As many as 28 states and Union Territories (UTs) have formulated their export strategy with a view to promoting the country's outbound shipments, an official said on Monday. The official also said all 36 states and UTs have constituted State Export Promotion Committee (SEPC) and District Export Promotion Committee (DEPC). Explore courses from Top Institutes in Select a Course Category healthcare Digital Marketing CXO Product Management Data Science Data Science PGDM Operations Management MBA Public Policy others Project Management Data Analytics Others Cybersecurity Degree Design Thinking Healthcare Finance Technology Leadership Artificial Intelligence MCA Management Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details Further, a draft district action plan has been prepared by the regional authorities of the Directorate General of Foreign Trade (DGFT) for 590 districts. Out of this, 249 are formally notified by DEPCs. These plans include a broad strategy for promotion of exports from districts, the official said. Live Events The Centre is promoting states to engage in export promotion activities as it would help boost domestic manufacturing and job creation. "State export strategy has been prepared in 28 states/UTs," the official added. These include Uttar Pradesh , Maharashtra, and Karnataka. In the Foreign Trade Policy (FTP) 2023, the DGFT has included the 'Districts As Export Hubs' initiative with an aim to channelise the potential and diverse identity of each district of the country to make them export hubs. Towards this goal, the products and services with export potential in all the districts of the country have been identified, and an institutional mechanism in the form of SEPC at the state/UT level and DEPCs at the district level has been created in all districts to provide support for export promotion and address the bottlenecks for export growth. District export action plans are being prepared for identified products and services, to benefit both producers and manufacturers - addressing challenges to export, identifying infrastructural bottlenecks, supply chain gaps, improving market accessibility and providing handholding for increasing exports. India's exports remained flat at USD 35.14 billion in June due to global economic uncertainties, while the trade deficit narrowed to a four-month low of USD 18.78 billion during the month. During April-June 2025-26, exports increased 1.92 per cent to USD 112.17 billion, while imports rose 4.24 per cent to USD 179.44 billion.
Mint
26-06-2025
- Business
- Mint
SEPC rights issue 2025 worth ₹350 crore oversubscribed. Did you apply for this small-cap stock under ₹20?
SEPC share price was volatile on Thursday despite a strong rally in the broader Indian stock market today. SEPC announced the closure of its rights issue of shares worth ₹ 350 crore with heavy oversubscription. SEPC rights issue was launched on June 9, and closed on June 23. The company issued 35,00,00,000 partly paid-up equity shares aggregating to ₹ 350 crore, having issue price of ₹ 10 per share on a rights basis to the eligible equity shareholders of the company. The rights issue ratio was 11:50, which is eleven Rights Equity Share for every fifty fully paid-up equity shares held as on record date i.e. May 23, 2025. The payment schedule for SEPC rights issue being partly paid up was 50% i.e. ₹ 5 per share payable with the Application and balance 50% payable on First and Final call. SEPC rights issue was subscribed by 2.12 times. The rights issue resulted in subscription of 74,35,19,173 shares resulting in oversubscription by 2.12 times, SEPC said in a regulatory filing on June 25. The funds raised via rights issue will be used for funding for payment of Non-Convertible Debentures including redemption and interest, repayment or pre-payment, in full or part, of certain borrowings availed by the company, and funding for increasing the additional Margin of Non- Fund Based Limits, the company said. The funds will also be used to augment the existing and incremental working capital requirement of the company and for general corporate purpose, it added. The allotment and listing formalities of the new shares on the BSE and NSE are expected to be completed on or about Friday, 27 June 2025 and Tuesday, 8 July 2025 respectively, the company said. SEPC share price has fallen over 3% in one month, and has dropped 35% on a year-to-date (YTD) basis. The smallcap stock has declined 23% in one year, but has rallied 67% over the past two years. SEPC shares have delivered multibagger returns of 175% in five years. At 2:50 PM, SEPC share price was trading 0.79% lower at ₹ 13.81 apiece on the BSE.
Mint
26-06-2025
- Business
- Mint
SEPC rights issue 2025 worth ₹350 crore oversubscribed. Did you apply for this small-cap stock under ₹20?
SEPC share price was volatile on Thursday despite a strong rally in the broader Indian stock market today. SEPC announced the closure of its rights issue of shares worth ₹ 350 crore with heavy oversubscription. SEPC rights issue was launched on June 9, and closed on June 23. The company issued 35,00,00,000 partly paid-up equity shares aggregating to ₹ 350 crore, having issue price of ₹ 10 per share on a rights basis to the eligible equity shareholders of the company. The rights issue ratio was 11:50, which is eleven Rights Equity Share for every fifty fully paid-up equity shares held as on record date i.e. May 23, 2025. The payment schedule for SEPC rights issue being partly paid up was 50% i.e. ₹ 5 per share payable with the Application and balance 50% payable on First and Final call. SEPC rights issue was subscribed by 2.12 times. The rights issue resulted in subscription of 74,35,19,173 shares resulting in oversubscription by 2.12 times, SEPC said in a regulatory filing on June 25. The funds raised via rights issue will be used for funding for payment of Non-Convertible Debentures including redemption and interest, repayment or pre-payment, in full or part, of certain borrowings availed by the company, and funding for increasing the additional Margin of Non- Fund Based Limits, the company said. The funds will also be used to augment the existing and incremental working capital requirement of the company and for general corporate purpose, it added. The allotment and listing formalities of the new shares on the BSE and NSE are expected to be completed on or about Friday, 27 June 2025 and Tuesday, 8 July 2025 respectively, the company said. SEPC share price has fallen over 3% in one month, and has dropped 35% on a year-to-date (YTD) basis. The smallcap stock has declined 23% in one year, but has rallied 67% over the past two years. SEPC shares have delivered multibagger returns of 175% in five years. At 2:50 PM, SEPC share price was trading 0.79% lower at ₹ 13.81 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
25-06-2025
- Business
- Time of India
SEPC, IAMAI sign MoU to promote digital services exports
The Services Export Promotion Council (SEPC) and the Internet and Mobile Association of India have signed an MoU to promote India's digital services exports and strengthen the global presence of Indian digital businesses, a statement said on partnership will promote international market access, address trade-related policy challenges, and build export readiness for India's emerging digital sectors, the statement collaboration aims to align institutional efforts in shaping India's leadership in global digital trade, it has been set up by the Ministry of Commerce and Industry. The MoU envisions the establishment of joint working groups with government ministries and regulators concerned to address trade-related bottlenecks faced by digital services exporters. SEPC Director General Abhay Sinha said, "India's digital sector holds immense potential in the global services economy. Through this partnership with IAMAI , we aim to create meaningful opportunities for digital enterprises to grow their international footprint and benefit from structured policy and trade support." Internet and Mobile Association of India (IAMAI) President Dr. Subho Ray stated that the two entities will focus on promoting key high-potential verticals, including AdTech , FinTech , HealthTech , SaaS, Digital Entertainment, Edutech, Agri Summit, and Cross-Border E-commerce .
