Govt plans financial support to boost local shipping container manufacturing amid post-COVID shortages

Exports of Indian two-wheelers, trucks, and buses to Bangladesh have been heavily impacted due to ongoing civil unrest. Key manufacturers like Bajaj Auto and Hero MotoCorp have seen a decline in their export volumes. Bangladesh’s share in India’s automotive exports has been shrinking since the pandemic, with a significant drop noted in the last fiscal […]

The Confederation of Indian Industry (CII) proposed several measures to bolster BIMSTEC Economic Cooperation. Recommendations included finalising a regional FTA in phases, easing FDI restrictions, automating customs agencies, and expediting transport connectivity initiatives. CII emphasized expanding collaboration in skill development, e-commerce, and digital infrastructure to boost regional integration.

Trade between northeastern Indian states and Bangladesh has slowed following political upheaval in Bangladesh, including Prime Minister Sheikh Hasina’s resignation and the Army stepping in. Trade through key border points has reduced, though some movement continues. Officials are optimistic about trade normalizing soon despite the high alert along the border.

Trade between the two countries through land ports at Petrapole, Gojadanga, Mahadipur, and Fulbari in West Bengal has been affected, while some passenger movement has been reported but turnout remains low, sources said.

S&P Global Ratings, Director, Sovereign and International Public Finance Ratings (Asia-Pacific), Andrew Wood said that S&P expects domestic demand conditions in Bangladesh in this period of time to be weak and probably going to entail less support for exports from other countries, including India, into Bangladesh.

The finance ministry has been monitoring the recent West Asian conflict due to concerns over its potential impact on oil prices, capital flows, and shipping costs. Officials asserted that India’s solid economic position would cushion against serious impacts. The larger concern was a potential US recession. Markets saw declines in Indian stocks and a drop […]

Amid political turmoil in Bangladesh, Indian exporters with operations there are shifting production to India to avoid trade disruptions. This move is essential due to delayed shipments and concerns over fulfilling overseas orders. Agri exports and land border trade are anticipated to be severely impacted, worsened by disrupted banking transactions.