India and Australia have strengthened their partnership by signing a renewable energy agreement and pursuing a broader economic pact. Prime Ministers Modi and Albanese, meeting at the G20 summit, pledged to deepen cooperation in defense, technology, and trade to promote stability and prosperity in the Indo-Pacific region.
India, Australia firm up clean energy partnership; pushing for mega trade pact
India’s services exports to outpace goods by FY30, cut US tech giants’ dominance for growth: GTRI
2 years ago
India’s services exports are predicted to surpass merchandise exports, reaching $618.21 billion by FY30, according to a report by GTRI. This growth will be driven by IT and other business services (OBS). However, the report emphasizes the need for diversifying IT exports beyond the US and regulating the dominance of American tech giants to ensure […]
India is striving to secure a position among the top 10 global ship manufacturers by 2030, with aspirations of reaching the top five by 2047. The nation’s robust maritime sector, handling a significant portion of its trade, is key to this ambition. India’s strategic location on global shipping routes and its growing cargo handling capacity […]
Indian Prime Minister Narendra Modi and UK Prime Minister Keir Starmer met at the G20 Summit and agreed to relaunch trade negotiations in 2025. They discussed visas for Indian professionals, new Indian consulates in the UK, and the extradition of economic offenders. Both leaders are committed to a trade deal that strengthens the India-UK partnership […]
India’s Chief Economic Advisor, V Anantha Nageswaran, cautioned that the country needs to brace for potential increases in US tariffs and a slowdown in global export growth under the Trump administration. While acknowledging the challenges posed by these factors, Nageswaran highlighted the need for India to focus on domestic growth drivers and adapt to the […]
Speaking at a programme in Mumbai, he said: “India looks for equity, balance and fair trade when negotiating a FTA”. The country has implemented these agreements with countries, including Australia, and UAE, and is negotiating such pacts with nations such as the UK and European Union.
India is launching a ₹30,000 crore Maritime Development Fund to bolster its shipbuilding industry and aims to lead the world in ship recycling by 2030. The government is also planning three mega shipbuilding clusters and extending financial assistance programs to support the industry’s growth.
India looks to revolutionise maritime sector by 2047 with Rs 80L crore investment: Sarbananda Sonowal
2 years ago
India is planning a massive investment of Rs 80 lakh crore in its maritime sector, aiming to increase port capacity and boost shipbuilding. The goal is to achieve a port handling capacity of 10,000 million metric tons annually by 2047.
IIT Guwahati, IRS launch India’s first underwater welding & deep diving certification programme
2 years ago
IIT Guwahati’s Technology Innovation Hub and the Indian Register of Shipping (IRS) successfully conducted India’s first training and certification program in underwater welding and deep diving. The program, held at the Neel Diving Academy in Kochi, provided participants with theoretical and practical training, culminating in certification upon successful completion of rigorous underwater welding exercises and […]
Services tax surplus and robust remittances may help India in overcoming tariff hikes by US: CRISIL
2 years ago
India’s exports faced challenges, but a late surge brought hope. October saw significant growth, driven by sectors like engineering and gems. However, competition from China and a widening trade deficit raised concerns. Despite this, India’s strong services trade and remittances are expected to keep the economy stable.