Bangladesh received a lowest offer of $477 per tonne for 50,000 tonnes of rice from India in a tender aimed at securing supplies after devastating floods. While the offer is under consideration, the government plans to import a total of 500,000 tonnes and allow private imports to combat soaring food prices.
Indian rice lowest offer in Bangladesh tender for 50,000 T
India aims to reform its free trade strategy, targeting deals with the UK and the EU while addressing past issues. Current trade negotiations are criticized for being outdated and overly defensive. A new approach could enhance India’s access to strategic supply chains and modern trade practices, possibly empowering negotiators to achieve more effective agreements.
India rises as global player in petroleum, gemstone, sugar exports with surging market share in 5 yrs
2 years ago
India’s export competitiveness has seen significant gains in multiple sectors over the past five years. Key sectors such as petroleum, gemstones, agrochemicals, and sugar have notably increased their share in global trade, with India becoming a leading exporter in several of these categories, according to commerce ministry data.
What does Kemi Badenoch replacing Rishi Sunak as new UK’s Conservative Party chief mean for India
2 years ago
Kemi Badenoch becomes the first Black woman to lead Britain’s Conservative Party, succeeding Rishi Sunak as Leader of Opposition. Her victory signals a shift to the right for the party, with likely tougher stances on immigration and climate measures. Badenoch’s tenure and future PM run may affect UK-India relations, especially concerning immigration policies and FTAs.
Paradip Port to be fully mechanised by 2030
2 years ago
Paradip Port aims to become fully mechanised by 2030 by developing three new berths and mechanising four existing ones. It will also establish a special green hydrogen berth. The port plans to boost its handling capacity from 289 MTPA to 400 MTPA by 2030, with further expansion to 500 MTPA by 2047.
Paradip Port is set to develop new berths, mechanize existing ones, and establish a berth for green hydrogen as part of its strategy to become fully mechanized by 2030. The port aims to exceed 400 MTPA handling capacity by 2030 and has signed agreements for green hydrogen and ammonia plants to create a regional hub.
India and China are reshaping the global economy, shifting focus from G7 nations to the BRICS alliance. The BRICS+ group’s share in global exports has more than doubled since 2000, challenging G7 dominance. High-tech exports from BRICS+ nations are also on the rise. This shift indicates a potential overtaking of the G7’s share in global […]