In a notification, the Directorate General of Foreign Trade (DGFT) said: “Export of 75,000 MT of non-Basmati white rice to the UAE is permitted through National Cooperative Exports Limited.” India exported $2.2 billion of non-Basmati white rice in FY23 of which Kenya, Madagascar, Benin and the UAE were among the top destinations.
India allows 75,000 tonne of non-Basmati white rice exports to UAE
A growing dispute between India and Canada has erupted following allegations made by Canadian Prime Minister Justin Trudeau over the killing of Khalistani separatist Hardeep Singh Nijjar. Chairman of CTI, Brijesh Goyal, said that the development has sent ripples through the business world. Indian traders have demanded that India should ban import of lentils from […]
India has launched an investigation into allegations of Chinese firms dumping flasks and bottles in the country, following a complaint from a domestic player. The probe by the Directorate General of Trade Remedies aims to protect Indian businesses from cheap imports of stainless steel vessels. If it is found that dumping has caused harm to […]
Deeper participation in global value chains to help India add $1.2 tn to foreign trade by 2030: GTRI report
2 years ago
A report by the Global Trade Research Initiative (GTRI) suggests that steps such as improving trade infrastructure and setting up a national trade network could help Indian firms integrate with global value chains, potentially adding $1.2 trillion to the country’s foreign trade by 2030. Currently, India’s limited participation in global value chains hampers its export […]
Raising issues related to multiple government arms conducting audits and inspections, the Tamil Nadu Maritime Board proposed streamlining security audits and inspections in non-major ports. Currently, export-import (Exim) ports are audited by the Directorate General of Shipping. Separate audits are being conducted by the Intelligence Bureau, Navy, Central Industrial Security Force and the Coast Guard.
The company is currently participating in tenders for terminals in Goa, Haldia, Kandla, Ennore and Vizag, among others, and will be prioritising container, liquid and gas terminals as it looks to focus on connectivity and value addition for customers.
According to a September 24 ToI report, though, the Indian government so far is “comfortable” as far as the import of this item is concerned. Nearly lakh tonnes of it have arrived at Indian ports amid the ongoing diplomatic tiff, ToI said citing officials.
DGTR suo-motu probing alleged dumping of three Chinese goods; to protect MSMEs from cheap imports
2 years ago
According to three separate notifications, the DGTR said that it is probing alleged dumping of telescopic channel drawer, unframed glass mirror and fasteners.
“Certainly, massive new investment in infra, energy, transport and communications can, and will, help boost trade even further. But this is a proposed stimulus to something that already exists. The Middle East is already home to a large Indian diaspora, and there are very close trade ties already; the same with Europe,” Frankopan said.
Showing (Corri)door to China’s clout: How IMEC can help India leverage its trade and geopolitical potential
2 years ago
The precise route map of the corridor will be figured out when the stakeholders meet in the next two months. But a Memorandum of Understanding (MoU) unveiled on the sidelines of the G20 leaders’ meeting shed light on its broader contours — a transit through India, the United Arab Emirates (UAE), Saudi Arabia, Jordan, Israel, […]