India and the United Arab Emirates (UAE) have signed a Memorandum of Understanding (MoU) to collaborate in the sharing and development of industries and advanced technologies. The MoU aims to strengthen industries in both nations through investments, technology transfer, and the deployment of key technologies. The areas of cooperation include supply chain resilience, renewable energy, […]
India, UAE to collaborate in fields of industries, advanced technologies; MoU inked
India has invited Brazilian companies to join its supply chain in order to strengthen economic ties between the two countries. Commerce Secretary Sunil Barthwal, during his visit to Brazil, discussed ways to promote trade and invited Brazilian industries to be part of India’s growing supply chain. The visit took place against the backdrop of a […]
India is buying more Russian oil, despite it being priced above the Western cap of $60 per barrel, due to a resurgent Brent Crude. India has been purchasing Russian oil even though it has breached the G7’s price cap. India argues that it will buy any oil that is cheaper, prioritizing energy security. However, the […]
The National Action Plan for Green Shipping in India aims to promote eco-friendly practices and provide incentives for low-emission ships, according to the Director General of Shipping, Shyam Jagannathan. He highlighted the sector’s vision, which includes expanding port capacity, developing clean energy fuel hubs, promoting cruise tourism, and embracing digitalization. The ongoing maritime exhibition and […]
India’s imports of edible oil decreased by 19% in September compared to August, as refiners reduced purchases of palm oil by 26% due to record inventories. The decline in edible oil imports could result in higher stocks of palm oil in Indonesia and Malaysia, affecting benchmark futures.
The Russian government is prepared to ease restrictions on diesel exports to some extent in the near future. This easing of the ban would apply exclusively to diesel exports through pipelines and might include limits on the quantities exported to prevent sudden increases in wholesale prices. However, the prohibition on gasoline exports will continue to […]
JSW Infrastructure, a commercial ports operator, aims to become a global company and grow its business, said JSW Group Chairman Sajjan Jindal. He highlighted the potential for creating ports in India that handle not only the country’s cargo but also that of neighboring countries. Jindal also emphasized the high logistics costs in India and the […]
The European Union has expressed its willingness to negotiate on global trade norms regarding the purchase, stockpiling, and distribution of food to ensure food security. This is seen as a breakthrough as India and 80 other countries have been calling for a deal on food security, arguing that current rules do not adequately address market […]
British Prime Minister Rishi Sunak has expressed his commitment to strengthening ties between India and the UK, including the possibility of a free trade agreement. During a reception by the Conservative Friends of India, Sunak reflected on his recent visit to India for the G20 Summit and highlighted the potential for cooperation in various sectors.
India urges WTO members to start text-based talks on finding permanent solution to public food stockholding
3 years ago
India has called for text-based negotiations to find a permanent solution to the issue of public stockholding for food security at the World Trade Organization (WTO). The European Union (EU) has expressed readiness for talks on the matter. The issue was discussed at an agriculture negotiations meeting in Geneva, where the EU responded positively to […]