The Central Government is investing Rs 1,010 crores for the development of Brahmaputra and Barak rivers in Assam, including approval of a new slipway in Majuli. This includes 12 floating terminals, 2 Multimodal Terminals, and a riverine-based religious tourism circuit. The Infrastructure development also targets improved road access and ship repair facilities.
Centre investing Rs 1,010 crore in Brahmaputra & Barak river projects
India supplies port equipment worth $24 million for Chabahar Port development: EAM S Jaishankar
5 months ago
India has supplied port equipment worth about USD 24 million to develop Iran’s Chabahar Port, with further procurement underway. A 10-year contract for operating the Shahid Beheshti Terminal was signed in 2024. Chabahar Port aims to enhance trade access to Afghanistan, Central Asia, and Eastern Russia, with plans to link it to the International North […]
India aims to become the world’s most efficient and trusted trade hub by expanding authorised economic operators (AEOs), integrating free zones, and implementing innovative policies. Technology and trust are pivotal, with 17 of 20 major ports fully automated and efforts to provide online services at all ports.
After declining in August over July, the services exports increased to USD 32.57 billion in September. Imports, too, increased for the second consecutive month.
Kerala, Adani Ports sign supplementary agreement to enhance Vizhinjam Seaport development
5 months ago
Kerala’s Vizhinjam International Seaport project, led by Adani Group, receives a five-year extension to December 2024. The extension accounts for pandemic-related and natural disaster delays. A Rs 219 crore penalty has been imposed, with a portion payable immediately and the remainder contingent on project completion by 2028.
Commerce and Industry Minister Piyush Goyal referred to US President-elect Donald Trump as a ‘friend of India’ and dismissed concerns about potential tariffs on Indian goods, emphasizing India’s improving ties with the US. Goyal also expressed India’s disappointment with the EU’s deforestation and other regulations, stating they are unfair and violate international principles.
As the US escalates tariffs on Chinese imports, Crisil warns this could lead to an increase in diverted exports to nations like India. While India-US trade has surged, India’s trade deficit with China has widened, highlighting stark imbalances despite overall trade growth.
Expressed deep disappointment at EU’s CBAM, EUDR regulations with French counterpart: Piyush Goyal
5 months ago
India’s Commerce Minister Piyush Goyal expressed disappointment over the EU’s green trade regulations, including CBAM and EUDR, calling them unfair and unilateral. He emphasized the principle of common but differentiated responsibilities and India’s low per capita emissions during a meeting with his French counterpart, hoping for a resolution through continued engagement.
‘China plus one’ opportunity opening up for India; Tamil Nadu doing its best to attract FDI: Arvind Subramanian
5 months ago
Former chief economic adviser Arvind Subramanian said that India, particularly Tamil Nadu, is capitalising on the “China plus one” strategy to attract foreign direct investment. He highlighted India’s previous underperformance in integrating with global value chains, impacting exports and labor-intensive sectors.
India’s trade with the US and China reached nearly $120 billion each in fiscal 2024. Trade with the US yielded a $35.3 billion surplus. Trade with China resulted in an $85.1 billion deficit. Exports to the US diversified, while exports to China stagnated. India aims to boost domestic manufacturing and reduce import reliance.