Russia aims to establish intermediate stops in Vietnam, Thailand, and Indonesia for the Eastern Maritime Corridor, linking Vladivostok with Chennai. This initiative seeks to enhance India’s business ties with the resource-rich Far East. At the Eastern Economic Forum, Russia and India will also discuss joint shipbuilding projects. The corridor’s implementation includes a trans-shipment hub in […]
Joint shipbuilding projects at Indian shipyards to be explored at this week’s EEF
The GTRI data analysis stated that China supplies 95.8 per cent of India’s umbrellas and sun umbrellas (USD 31 million) and 91.9 per cent of artificial flowers and human hair articles (USD 14 million). Additionally, glassware (USD 521.7 million, 59.7 per cent), leather articles including saddlery and handbags (USD 120.9 million, 54.3 per cent), and […]
India has trade surplus with 151 nations; deficit with 75 during Jan-June 2024, says GTRI
1 year ago
India achieved a trade surplus with 151 countries, such as the US and Netherlands, while experiencing a trade deficit with 75 nations, including China and Russia, during the first half of this year, according to GTRI. The think tank advises reducing industrial goods imports from China to preserve India’s economic sovereignty and enhance domestic production.
ET World Leaders Forum: India’s China dilemma goes beyond global concerns, says Jaishankar
1 year ago
India’s External Affairs Minister, S. Jaishankar, highlighted India’s distinct challenges with China, beyond global concerns, focusing on border tensions and trade deficits. Speaking at the ET World Leaders Forum, Jaishankar emphasized the importance of scrutinizing Chinese investments given their unique bilateral issues and the broader global geopolitical risks.
India’s trade ministry has advised imposing an anti-dumping duty on aluminium foil imports from China. This recommendation follows a surge in Chinese shipments, which have claimed nearly a third of India’s market despite sufficient local production. The proposed duty targets foil up to 80 microns thick, aiming to protect domestic manufacturers.