Nepal and India have agreed to strengthen their economic and commercial ties through bilateral initiatives. The India-Nepal Inter-Governmental Sub-Committee (IGSC) on Trade, Transit, and Cooperation to Combat Unauthorised Trade convened its latest session in Kathmandu. The agenda included discussions on the construction of new Integrated Check Posts and railway links, as well as the review […]
Nepal, India express commitment to implementing bilateral initiatives for strengthening cross-border connectivity
In August 2023, the government imposed restrictions on certain IT hardware goods and later after domestic and foreign firms flagged their concerns, in October last year, it tweaked curbs on imports of laptops and computers and allowed importers to bring in shipments of these hardwares from overseas on a mere ‘authorisation’ upon detailing quantity and […]
On India usually being apprehensive of allowing other countries in its government procurement, the official said: “Now, we have good manufacturing base and looking at value addition. We can continue with exemptions for micro, small and medium
India should keep Washington informed about import policy measures being considered as it would help make those actions more effective, United States Trade Representative (USTR) Katherine Tai said.
Red Sea crisis: Commerce min calls inter-ministerial meet on Jan 17 to discuss way forward on trade
2 years ago
The Indian commerce ministry has scheduled a high-level inter-ministerial meeting on January 17 to address trade challenges arising from ongoing issues in the Red Sea. Officials from external affairs, defence, shipping, finance, and commerce ministries will participate. The Bab-el-Mandeb Strait, a crucial shipping route, has faced heightened tensions due to recent attacks by Yemen-based Houthi […]
India had banned wheat exports in May 2022, non-basmati rice exports from July 2023 and extended curbs on sugar exports beyond October 2023, as part of measures to control rising domestic prices.
Currently, China dominates the global concentration of mineral deposits and processing of critical minerals. Implications are, therefore, high for India, especially since it is committed to achieving 50% of cumulative installed power capacity from non-fossil sources by 2030.
India’s palm oil imports reached their highest in four months in December, driven by increased purchases of refined palmolein due to competitive prices. This could help lower palm oil stocks in Indonesia and Malaysia and support benchmark futures. The SEA reported a 2.8% rise in December palm oil imports, with refined palm oil imports soaring […]
The proposed Vadhavan port in Maharashtra is a high-priority initiative for the government, the port is designed to handle an annual cargo capacity of 23 million TEUs (twenty-foot equivalent units) or 254 million tons, boasting a natural draft of 20 meters to accommodate larger container vessels of up to 20,000 TEUs.
India cruising along on path to become a global maritime leader: Shipping Minister Sonowal
2 years ago
Union Minister Sonowal stated that India is making significant strides in the global maritime sector and will soon become a world leader. He emphasized the importance of port-led industrialization for employment generation and overall development. Sonowal mentioned the Sagarmala program and Gati Shakti Masterplan as initiatives that have improved logistics and facilitated port-led industrialization.