The EU has proposed extending its Deforestation Regulation implementation by a year to December 2025 due to pushback from countries including India. This provides relief to $1.3 billion in Indian exports such as leather, coffee, and wooden furniture, allowing more time for compliance with the stringent requirements.
EU proposes deforestation law delay: $1.3 billion Indian exports get relief
Not just CCTVs, Indian security checks may soon be expanded to cover many other items from China
1 year ago
The Indian government is planning to extend its ‘trusted source’ mandate to tech devices like smart meters, parking sensors, drone parts, and laptops to tackle concerns over Chinese imports. This move aims to ensure a secure supply chain amid fears of data vulnerabilities. Import monitoring for laptops and computers has already been updated.
Commerce Minister Piyush Goyal invited American companies to invest in India’s electronics, data infrastructure, and logistics sectors during his US visit. He met with Blackstone, Amneal Pharmaceuticals, KKR, Warburg Pincus, and BlackRock to discuss collaborations in advanced manufacturing, pharmaceuticals, and AI. Goyal highlighted India’s potential in high-tech production and the Make in India initiative.
India announces policy conditions for halal meat exports starting October 16. Only meat processed in facilities certified under the ‘India Conformity Assessment Scheme (I-CAS) – Halal’ will be allowed to 15 countries, including UAE, Saudi Arabia, and Bangladesh, ensuring compliance with halal certification requirements.
“MIP on synthetic knitted fabrics is extended from September 15 to December 31,” the Directorate General of Foreign Trade (DGFT) said in a notification. The MIP was also extended for eight new kinds of knitted fabrics including printed, bleached, unbleached and crocheted fabrics.
India’s Directorate General of Trade Remedies has begun investigations into alleged dumping of six products from China, based on complaints from domestic industries. The probes cover chemicals, electrical steel, and toner cartridges, and may lead to anti-dumping duties to protect local businesses if material injury is confirmed.
India is set to allow private terminal operators at central government-administered ports more flexibility in tariff setting. New guidelines will enable public-private partnership (PPP) concessionaires to determine market-based tariffs, ensuring a uniform regime across major ports. This move aims to create a level playing field while safeguarding the Centre’s revenue and adhering to notified concessions.
India launched the Cruise Bharat Mission to expand cruise tourism over five years, planning 10 sea cruise terminals, 100 river cruise terminals, and five marinas. It aims to double cruise calls and passengers, enhance regional alliances, and increase sea and river cruise passengers significantly by 2029, propelling tourism and connectivity across the subcontinent.
EURONAVAL 2024 will gather about 500 exhibitors from over 30 countries at the Paris-Nord Villepinte exhibition Centre from 4th to 7th November. Focusing on innovation and international cooperation, this key naval industry event will showcase developments in maritime security, digitization, AI, and naval equipment amidst growing geopolitical tensions.
India has launched an anti-dumping probe into the import of Cold-Rolled Non-oriented Electrical Steel (CRNO) from China. This action follows complaints from South Korean and Taiwanese steel makers. The investigation period runs from April 2023 to March 2024. Initial findings suggest that dumped imports are harming domestic industry.