3rd in a row: Goods exports shrink 2.4%

8 months ago

India’s goods exports decreased for the third consecutive month, registering $36.43 billion in January and widening the trade deficit to $22.99 billion. Despite this decline, sectors like electronics, engineering goods, and pharmaceuticals showed growth. Imports, particularly gold, increased significantly, contributing to the rising trade deficit.

Qatar Emir’s visit to India may boost gulf nation’s investments

8 months ago

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, EU to hold next round of talks on proposed FTA from March 10

8 months ago

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 US up 39% to $8.44 billion in Jan: Commerce ministry data

8 months ago

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, Qatar to discuss ways to boost trade, investments

8 months ago

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.

Support from govt, industries vital for Indian shilpbuilders: CEO of Japanese co MOL

8 months ago

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.

Syama Prasad Mookerjee Port plans to lease land for eco-wellness hub

8 months ago

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.

Announcement of India-US trade agreement has boosted biz confidence: Goyal

8 months ago

India and the US are set to negotiate a bilateral trade agreement aimed at enhancing economic ties, with plans to more than double two-way commerce to USD 500 billion by 2030. This anticipated deal, set for fall 2025, is expected to boost confidence and leverage competitive strengths, reflecting India’s growing relevance globally.

US-India ties growing, welcome decision to extradite Rana, say ex-diplomats on PM’s visit

8 months 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 […]

USD 500 bn target; plans for trade pact to help India boost its exports to US: Exporters

8 months ago

India aims to expand bilateral trade with the US to USD 500 billion by 2030. Focus areas include technology, defence, and green energy. Currently, India’s trade surplus with the US stands to benefit significantly. A trade agreement by 2025 is on the horizon, promising more investment opportunities and stronger global value chain integration.

3rd in a row: Goods exports shrink 2.4%

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