Garden Reach Shipbuilders & Engineers (GRSE) has commenced construction of 13 hybrid ferries for West Bengal, set to revolutionize Kolkata’s river transport. These eco-friendly vessels, including double and single-deck options, will operate on the River Hooghly, replacing older diesel ferries.
GRSE begins building 13 all-weather hybrid ferries for Kolkata’s Hooghly route
India and Chile have successfully completed the initial round of negotiations for a comprehensive bilateral free trade agreement, according to the Department of Commerce. Building upon their existing preferential trade agreement established in 2006, the two nations are now working towards a broader economic partnership. The proposed agreement aims to encompass sectors like digital services, […]
India has prolonged the duty-free import period for yellow peas until March 31, 2026, effective immediately. This decision, outlined in a recent government order, grants traders an extended window for duty-free imports. As the world’s largest importer of yellow peas, primarily from Canada and Russia, this extension provides significant relief to traders.
Govt slashes import tax on edible oil by 10%
1 year ago
To ease domestic prices, the Indian government has reduced the basic import tax on crude edible oils, effective from May 30. This decision comes as India relies heavily on imports to meet over 70% of its vegetable oil demand, sourcing palm oil from Southeast Asia and soyoil and sunflower oil from South America, Russia, and […]
Noida International Airport has partnered with Uber to provide seamless mobility solutions for passengers directly from the airport. Uber will operate dedicated pick-up zones, offer on-ground assistance, and provide exclusive parking for drivers. This collaboration ensures convenient, reliable, and safe last-mile transport options with real-time ride tracking and cashless payments.
Indian retailers are strategically expanding after closing underperforming stores. Reliance Retail, Arvind Fashions, and Aditya Birla Fashion plan new, larger outlets. They focus on profitability and avoid past mistakes. Arvind will increase retail space. Aditya Birla Fashion plans many new brand and Pantaloon stores. Retailers are now prioritizing sustainable growth and careful property selection. Spencer’s […]
The government is pushing air conditioner manufacturers to significantly increase exports. This follows the Production Linked Incentive scheme. The goal is to make India a major AC exporter, competing with China and Thailand. India aims to export 15-16 million AC units in four years. Currently, exports are around 2 million units. The government is seeking […]
The Court of International Trade found the US President oversteppingd his authority by imposing across-the-board duties on imports from trading partners. The order has come amid India and the US expected to agree on an interim trade agreement by the end of June, with New Delhi pushing for full exemption from the 26% reciprocal tariff.
Trade pact talks with US on track, India a compulsive investment destination: Piyush Goyal
1 year ago
India is actively negotiating trade agreements with the United States and the European Union. Commerce Minister Piyush Goyal says talks are progressing rapidly. American trade officials will visit India soon for further discussions. India is also attracting significant foreign direct investment. The nation is considered a compelling investment destination due to strong returns.
The tariff war presents India with opportunities in specific sectors. India and US are in talks for a trade agreement, aiming for an interim deal. The US is India’s largest trading partner. India had a trade surplus with the US. India aims to become a USD 5 trillion economy by 2027-28.