Don’t bank much on exports under Donald Trump amid trade slowdown: CEA Anantha Nageswaran

11 months ago

India’s Chief Economic Advisor, V Anantha Nageswaran, cautioned that the country needs to brace itself for potential increases in US tariffs and a slowdown in global export growth. Nageswaran highlighted that while the exact impact of US tariffs remains uncertain, India’s trade surplus with the US could lead to pressure.

UK & India to resume trade talks confirm Prime Ministers Modi, Starmer at G20 Summit

11 months ago

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 […]

CAD is manageable as India is doing well in services exports: Piyush Goyal

11 months ago

India’s Commerce Minister Piyush Goyal reassured that the country’s current account deficit is manageable, citing robust services exports and a significant portion of imports being re-exported after value addition. He highlighted that while India relies on imports for certain goods, its strong services surplus and remittance inflows contribute to a stable financial position.

Trump tariffs, slower global trade likely to slow India exports, says CEA Nageswaran

11 months ago

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 […]

India looks for equity, balance, fair trade in FTA talks: Piyush Goyal

11 months ago

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.

Rs 30,000 crore maritime development fund to help shipbuilding

11 months ago

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.

Chennai-Vladivostok maritime corridor becomes operational

11 months ago

The Chennai-Vladivostok maritime corridor is now open, cutting the time it takes to ship goods between India and Russia’s Far East by more than two weeks. Container ships carrying crude oil, metal, and textiles have already begun arriving in Indian ports.

India looks to revolutionise maritime sector by 2047 with Rs 80L crore investment: Sarbananda Sonowal

11 months 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

11 months 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 […]

Karnataka invites bids for building all-weather port in Uttara Kannada

11 months ago

The Karnataka Maritime Board has invited bids for the construction of a deepwater port at Pavinakakurve village. Estimated to cost Rs 3048 crore, the port will have a cargo handling capacity of 14 MTPA, expandable to 40 MTPA. The port will manage various commodities, including iron ore, coal, and LNG, and will feature berthing facilities […]

Don’t bank much on exports under Donald Trump amid trade slowdown: CEA Anantha Nageswaran

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