Shortly after Keir Starmer assumed leadership of the British government, Commerce Minister Piyush Goyal confirmed that the long-awaited Free Trade Agreement between the UK and India is on the verge of completion. This progress follows a telephone discussion between Prime Minister Narendra Modi and newly elected UK Prime Minister Keir Starmer, who secured a decisive […]
India, UK may close FTA deal very quickly: Minister Piyush Goyal
India raises seafarer abandonment crisis at IMO; secures membership in key working group
2 years ago
India has urged for effective measures to tackle seafarer abandonment and ensure maritime workforce safety. Ports, Shipping and Waterways Secretary T K Ramachandran addressed this issue during the 132nd session of the Council of the International Maritime Organization (IMO) in London.
SC stays Gujarat HC order on taking back land given to Adani Group firm near Mundra port
2 years ago
The Supreme Court stayed a Gujarat High Court order requiring the state to reclaim 108 hectares of grazing land allotted to an Adani Group entity near Mundra port. The bench of justices B R Gavai and K V Viswanathan issued the stay after Adani Ports and Special Economic Zone Ltd appealed, emphasizing the need for […]
India’s seafood export industry, valued at $7.26 billion, is facing significant challenges due to a sharp rise in shipping freight rates. The Seafood Exporters Association of India (SEAI) has highlighted a surge of 4-5 times in rates within two months, attributing it to increased container demand in China ahead of US tariffs effective August 1. […]
Russian First Deputy Prime Minister Denis Manturov emphasized the strategic importance of the India-Russia partnership, noting a significant boost in trade turnover. The trade between the two nations surged to USD 57 billion in 2023 and continued its upward trajectory in 2024, achieving a 23 percent growth and nearing USD 18 billion by April.
Commerce and Industry Minister Piyush Goyal announced Wednesday that the European Free Trade Association (EFTA) is eager to invest in India, urging the domestic industry to seize this opportunity. Goyal, set to visit Switzerland on Sunday to advance EFTA commitments, emphasized that the $100 billion commitment is for foreign direct investments, not portfolio investments. EFTA […]
Minister Piyush Goyal stated a Group of Ministers will judge lifting the non-basmati rice export ban, effective July 20, 2023, based on demand and price. Rejected spice consignments, including MDH and Everest, involving carcinogenic pesticide, are minimal. Managed with FSSAI, ensuring India’s $56 billion food export quality. Indian exporters uphold quality standards.
Modi visit opens opportunities for India in Russian Arctic endowed with rare earth, crude
2 years ago
At their meetings, Modi and Russian President Vladimir Putin discussed optimum use of the Northern Sea Route (NSR) via the Arctic and possible use of nuclear-powered icebreakers of Rosatom in that terrain, ET has learnt.
The government has formed a committee – Rice Federation Consulting Committee – under the commerce ministry to deal with the issue of rice exports.
India’s diesel exports to Europe surged fourfold in June to 119,400 barrels per day from 24,500 barrels per day in May, driven by better margins in the continent. Despite this, India’s overall diesel exports fell 4% to 482,400 barrels per day. Europe received a quarter of India’s diesel shipments, while supplies to Asia fell 10%. […]