The Federation of Indian Export Organisations, along with the International Trade Centre and UK government support, launched the SheTrades India Initiative Hub. This initiative aims to empower women entrepreneurs by providing workshops, mentoring, business matchmaking events, and policy advocacy to help them access international markets and development opportunities.
FIEO launches SheTrades India hub for women entrepreneurs
Indian steel companies are hesitant to announce new investments due to increasing imports, especially from China and South Korea, which may impact domestic prices and profit margins. The National Steel Policy aims for 300 mt capacity by 2030, but current conditions may slow expansions, with profitability expected to remain flat.
India is preparing for a potential bilateral trade agreement with the US, aiming to complete the first phase of negotiations by fall. The commerce ministry is gathering industry wish lists for tariff concessions from Washington. The discussions include reducing tariffs on items such as American nuts and seeking a zero-duty structure for textile trade to […]
Commerce and Industry Minister Piyush Goyal will discuss trade issues with export promotion councils amid the threat of US reciprocal tariffs. Exporters are concerned about potential impacts on India’s largest trading partner, the US. Importantly, trade negotiations are ongoing, with no agreement yet on tariffs reduction despite recent claims by US President Donald Trump.
Mauritius’ Foreign Affairs Minister has highlighted the special bond between Mauritius and India, emphasizing India’s role in development projects. He urged Indian investors to use Mauritius as a gateway to Africa. PM Modi’s visit will include National Day celebrations, meetings with dignitaries, and inaugurations of projects supported by India’s grant assistance, along with several MoUs.
Requirement for inspection certificate for rice exports limited to certain EU nations: DGFT
1 year ago
New Delhi announced that the certificate of inspection requirement for rice exports from government bodies mainly applies to EU member states, including the UK, Iceland, Liechtenstein, Norway, and Switzerland. The rule is exempt for other European countries for the next six months.
India’s thermal coal imports decreased for the sixth consecutive month in February, mainly due to slowed manufacturing activity and increased domestic production. Imports fell by 15.3% to 12.16 million metric tons. While coal consumption is expected to rise during the summer months, it might not boost imports significantly due to growing domestic output.
SolitAir Holding, a UAE-based cargo operator, plans to invest USD 25 million in India’s market in its first year of operations. With a strategy to connect and service 50 cities, the company emphasizes India’s critical role in global trade and aims to expand its network and services frequency.
The European Union’s stringent environmental regulations pose significant challenges in the ongoing free trade agreement negotiations with India. Issues such as the Carbon Border Adjustment Mechanism and privacy data protection laws could impose additional costs on Indian exports, despite efforts for exemptions or compensatory measures.
India and the European Union will commence their tenth round of negotiations for a proposed free trade agreement in Brussels. Key issues such as agricultural tariffs, auto import duties, and regulatory barriers will be the focus, with hopes to finalize the deal by the end of the year.