Red Sea crisis driving up cost of white goods

While political analysts and strategic experts have expressed confidence that very little should change on the bilateral relationship front whatever the outcome in either election, the very small window that was open for a deal being clinched by the Sunak-led Tory government has now been swept away in the election wave of both countries.

Orthodox tea exports are thriving, with Iran’s controlled payments and Indian ambassador Rudra Gaurav Shresth’s support aiding trade. Mohit Agarwal of Asian Tea anticipates a 10% increase in overall exports, citing a rise in exports to Russia.

Singapore and Kazakhstan strengthen economic ties, enhancing India’s role as a link between Southeast Asia and Eurasia. Kazakhstan’s transport initiatives and Singapore’s expertise create new business opportunities. The countries sign agreements to boost trade and investment, with Singapore investing in Kazakhstan’s economy. Cooperation focuses on innovation and digitalization for mutual benefit.

India exported 45,000+ tonnes of onions post-ban lift, easing farmer woes. Nidhi Khare, Secretary, noted major exports to Middle East, Bangladesh. Govt has set minimum export price for onion. Monsoon forecast ensures good kharif crop sowing, buffer stock building.

Maldives’ Economic Development Minister Mohamed Saeed said he met with the Indian High Commissioner Munu Mahawar two weeks ago, who in turn, said that New Delhi would support and cooperate in arranging for the settlement of import payments in Indian Rupee.

Priya Guha, the new chair of FICCI UK Council, and Baroness Usha Prashar discuss the India-UK Free Trade Agreement, emphasizing research, innovation, and cultural ties for a stronger bilateral partnership.

India has urged state-run oil refiners and Reliance Industries Ltd. to negotiate a long-term supply deal with Russia to shield the economy from volatile prices. While the government wants collaboration, Reliance’s reluctance to share sensitive information poses a challenge. India seeks discounted oil amid tighter US sanctions.

The commerce ministry has developed a draft comprehensive strategy for future Free Trade Agreements (FTAs). The draft will reviewed by key departments, aiming to streamline negotiation processes with India’s trading partners. The strategy, presented during a recent meeting involving trade experts, aims to ensure thorough analysis, background work, and systematic reporting throughout negotiation phases. Discussions […]