India and the UAE’s bilateral trade increased by 21.35 per cent to USD 80.51 billion during April-January. India’s exports rose to USD 30 billion, while imports increased to USD 50.51 billion. The free trade agreement implemented in May 2022 boosted the trade significantly. Non-oil trade accounted for more than half of the total trade.
India, UAE trade up 21.35% to $80.51 billion during April-January in FY25
Qatar has committed to investing $10 billion in India, enhancing bilateral economic ties. The announcement came after high-level talks between PM Modi and Qatar’s Amir, highlighting India’s efforts toward creating a conducive environment for Foreign Direct Investment in various sectors such as infrastructure and technology.
The government is formulating a strategy to safeguard exporters’ interests, leveraging India’s 1.4 billion consumer market in trade negotiations. Engineering goods export target is set at $118 billion for FY25. EEPC suggests exemptions on safeguard duties for SMEs exporting engineering products to maintain global competitiveness.
Qatar Emir Sheikh Tamim Bin Hamad Al-Thani’s visit to India may lead to significant investments from Qatari sovereign fund and increased LNG purchases. India may explore a trade deal with Qatar. Notably, QatarEnergy signed a long-term LNG supply deal with Petronet LNG, and Qatar Investment Authority made substantial investments in Indian firms, including Reliance Retail […]
India and the European Union are set to hold the next round of free trade agreement talks from March 10 to 14, while India’s Commerce and Industry Minister will meet with the UK’s Minister of State for Trade Policy on February 24, followed by India-UK FTA talks restarting on February 25.
India’s exports to the US increased by 39% year-on-year to USD 8.44 billion in January, while imports rose by 33.46% to USD 3.57 billion. The US remained India’s largest trading partner during April-January, with significant trade surplus and bilateral trade reaching USD 119.71 billion in 2023-24.
India and Qatar will discuss boosting bilateral trade and investments, with Commerce Minister Piyush Goyal and his Qatari counterpart Sheikh Faisal bin Thani bin Faisal Al Thani leading the talks at a Joint Business Forum on February 18. The discussions aim to explore joint ventures, FDI, and technology partnerships.
Indian industries should collaborate to strengthen the local shipping and shipbuilding sectors, says Takeshi Hashimoto, CEO of Japan’s MOL. He highlights the necessity of government support and a unified industry approach for long-term gains. Hashimoto believes structured policies and industrial collaboration are vital for India to achieve global competitiveness in these sectors.
The Syama Prasad Mookerjee Port, Kolkata will lease nearly five acres of land at Nature Park to develop an eco-friendly wellness hub and tourism centre. The project aims to generate over Rs 3 crore annually and include facilities like eco-cottages, bird-watching towers, and cycling tracks, while preserving the park’s ecosystem.
US-India ties growing, welcome decision to extradite Rana, say ex-diplomats on PM’s visit
1 year ago
Prime Minister Modi’s visit to the US was termed a big success, strengthening ties between the two countries. Key outcomes include discussions with President Trump, plans for military cooperation and technology partnerships, and the extradition of Mumbai terror attack accused Tahawwur Rana to India. An ambitious trade target of USD 500 billion by 2030 was […]