The United States aims to reshape India’s trade policies. This is part of a proposed agreement. The US seeks tariff cuts and regulatory changes. These changes could benefit American firms. Key areas of focus include agriculture and dairy. The US wants changes to India’s minimum price support programs. They also want easier access for US […]
From tariff cuts to MSP rollback: GTRI on likely US demands in India trade deal
India’s liberal FDI policy offers huge investment opportunities for global investors: Deloitte
6 months ago
Deloitte India highlights that India’s liberal FDI policy offers stability and sector-agnostic opportunities, attracting global investors. Key sectors like pharmaceuticals, auto, and tourism are driving growth, supported by 100% FDI allowance in many areas. Increased FDI inflows and trade agreements further strengthen India’s position in global commerce, fostering investment and economic development.
Adani Group launched Vizhinjam International Deepwater Multipurpose Seaport. Karan Adani aims to make it the most efficient port globally. Phase 2 is expected to complete by 2028. The port will reduce reliance on foreign transshipment. It targets a 25-30 per cent reduction in logistics costs. Adani also highlighted the role of their ports in the […]
India has officially banned Pakistan-flagged ships from its ports. The ban follows a terror attack in Kashmir. India also prohibited imports from Pakistan. This includes goods entering via third countries. Trade between the two nations was already limited. Tensions previously escalated after the 2019 Pulwama attack. India has also downgraded diplomatic ties. Pakistan has taken […]
Pahalgam attack: Pakistan shuts ports for Indian ships after New Delhi bans ports and imports from Islamabad
6 months ago
Pahalgam attack news: Tensions are escalating between India and Pakistan as both nations have imposed maritime restrictions, barring each other’s vessels from accessing their ports. This action follows India’s ban on Pakistani imports and ships in response to the Pahalgam terror attack. Pakistan retaliated, raising concerns about regional stability amid ongoing diplomatic and economic retaliation.
“Direct or indirect import, or transit of all goods originating in or exported from Pakistan, whether or not freely importable or otherwise permitted, shall be prohibited with immediate effect, until further orders,” the Directorate General of Foreign Trade said in a Friday notification. “Any exemption or dispensation from this shall be examined and decided on […]
Commerce Ministry warns industry against transhipment to US; assures clarity on value addition norms
6 months ago
The Commerce Ministry is urging Indian exporters to adhere strictly to US ‘rules of origin’ to prevent transhipment, which could lead to higher duties. The ministry is working to clarify value addition norms for exporters.
Commerce Ministry holds industry consultation on India-US trade talks; seeks suggestions
6 months ago
India and the US are actively negotiating a bilateral trade agreement, with recent consultations involving domestic industries to gather suggestions for mutually beneficial trade enhancements. Both nations aim for an interim trade arrangement in goods by fall, focusing on tariff and non-tariff matters. The US remains India’s largest trading partner, though a widening trade surplus […]
Govt’s ban will cut India’s import from Pakistan to zero from $0.5 million: GTRI’s Ajay Srivastava
6 months ago
India has banned all direct and indirect imports from Pakistan, effectively halting bilateral trade, following a recent terror attack. This move, though largely symbolic due to existing high tariffs, will reduce India’s already minimal imports from Pakistan to zero. While India’s economy will be negligibly affected, Pakistan relies on Indian goods, potentially leading to increased […]
Narendra Modi inaugurated the Vizhinjam International Seaport. He said its capacity would triple. Modi highlighted that India lost revenue due to foreign transshipment. He emphasized that Indian money would now benefit India. He praised the PPP model for port development. Modi noted the collaboration between the Adani Group and the Kerala government.