TVS Industrial and Logistical parks has signed a memorandum of understanding with the Goa Investment Promotion and Facilitation Board for the development of a logistics and warehousing park in the Verna Industrial Estate in Goa. This strategic commitment involves an investment of Rs 125 crore and aims to foster industrial growth in Goa.
TVS Industrial and Logistical Parks inks pact with Goa-IPB to set up warehousing park
The US Ambassador to India, Eric Garcetti, described the Indo-US ties as a ‘multiplicative relationship’ and emphasized the need for more US investments to flow into India. He called for easier corporate tax practices and the removal of barriers for companies to invest in India. Garcetti also expressed his vision for India to become a […]
Experts agreed that the India-Australia Economic Cooperation and Trade Agreement (ECTA) was an important milestone in bilateral trade. Both sides deserved credit for sealing the deal, supported by political guidance from the highest levels. The early upward trends seen in levels of goods trade and a strong potential for greater services trade and business mobility […]
The government is working to ease export norms for certain products with dual-use, such as chemicals, for companies with a proven track record. The Director General of Foreign Trade (DGFT) emphasised the sensitivity of dual-use goods and technologies, which can cause disruptions if misused. These goods include high tech equipment, chemicals, biotechnology, defense, aerospace, electronics, […]
China threat is an opportunity for India-US relationship to make strong agreements, FTA: Congressman Issa
2 years ago
The threat posed by China offers an opportunity for the US and India to make strong agreements, including a genuine Free Trade Agreement (FTA). Darrell Issa, an influential American lawmaker, believes that the two countries should look at each other as first partners. He suggests that India could produce the items currently manufactured in China, […]
India’s low-sulphur diesel exports to Europe are set to hit a two-year low in January due to increased freight costs caused by Red Sea security risks. The decline in volumes is around 80% month-on-month. Meanwhile, India-origin exports of aviation fuel to Europe remain steady with an open arbitrage window and stable demand.
Gold imports to India surged 26.7% to $35.95 billion from April to December, compared to the same period a year earlier, driven by robust demand. In December alone, imports of the precious metal soared by 156.5% to $3 billion. Switzerland remains the largest source of gold imports, accounting for about 41% share, followed by the […]
The Red Sea shipping route is used for 30% of India’s imports and 50% of exports. Oil imports from Russia usually take this route. The Red Sea situation affects the global trade including that of India but the effects haven’t risen to a level that they become a cause of worry, Puri said.
The finance ministry’s economic review for January states that there is potential to enhance India’s exports by adding more quality and complexity. Despite global trends affecting foreign direct investment (FDI) flows to India, the country remains an attractive destination. FDI inflows have increased to 2.5% of GDP in FY15-23 compared to 2.2% in FY05-14.
India has identified electronics, engineering goods, textiles, marine & agriculture, toys, pharmaceuticals, and ecommerce as the sectors that could help achieve its $1-trillion goods export target by FY30. The commerce and industry ministry study predicts that these sectors could generate around $670 billion of exports by 2029-30.