The India-UAE CEPA, effective since May 2022, has spurred a surge in Indian investments in Dubai, particularly in sectors like IT, consumer products, and real estate. Trade facilitation and streamlined regulations under the agreement have fueled this growth. There’s significant potential for collaboration in AI, e-commerce, and advanced manufacturing, with Indian FDI into Dubai reaching […]
Indian investments in Dubai up after CEPA: President and CEO, Dubai Chambers
UK to give non-discriminatory treatment to Indian firms in public procurement under FTA
5 months ago
The UK-India free trade agreement marks a significant step as the UK commits to non-discriminatory treatment for Indian companies in its public procurement, adhering to its Social Value regime. In return, India will allow UK firms to participate in non-sensitive sector procurements, excluding state and local government tenders, with considerations for ‘Make in India’ policy […]
Trade tensions, policy uncertainty still hurting global growth, but India shows resilience: RBI
5 months ago
Despite global economic headwinds like trade tensions and policy uncertainty, the Indian economy demonstrates resilience with sustained momentum in industrial and service sectors, according to an RBI report. Encouraging signs include record GST collections, a strong agriculture sector outlook, and declining CPI inflation. India’s stability and strong macroeconomic fundamentals position it as a promising destination […]
India better placed to face US tariffs: Moody’s
5 months ago
Moody’s Ratings indicates India’s strong domestic economy and low export dependence will help it withstand US tariffs and global trade disruptions. Government initiatives and easing inflation are expected to support economic growth, projected to be the highest among G-20 countries. While US tariffs pose uncertainties, India could benefit from capturing market share from other emerging […]
India and the US are expected to announce an interim trade agreement before July 8, when Washington’s 26% reciprocal tariffs on Indian goods are set to take effect, an official said. New Delhi seeks a full exemption from these additional tariffs and plans to protect sensitive sectors with quotas or minimum import prices.
The UK government said trade with India will become “quicker, cheaper and easier” under the new Free Trade Agreement (FTA) signed this month. Business Secretary Jonathan Reynolds called it the “best deal India has ever agreed to.” The deal is expected to boost UK exports—such as whisky, machinery, and medical devices—by £25.5 billion annually in […]
UK-India FTA to help remove obstacles in doing biz, enhance focus on Indian market: JLR
5 months ago
Jaguar Land Rover anticipates the UK-India FTA will streamline business operations, enabling a stronger focus on the Indian market. The automaker plans to expand its local assembly, potentially including the Defender model, and double its retail presence in India.
State-owned oil companies currently operate an aging fleet that’s mostly on-charter from global companies and the shipping and petroleum ministries want to change that, said the people, who asked not to be identified citing rules. The plan’s first phase involves purchasing 79 ships, of which 30 of them would be medium-range vessels, they said.
Indian ports set to gain from ongoing supply chain shift? Moody’s weighs in on the China+1 strategy
5 months ago
Indian ports are poised to gain significantly from the global China+1 strategy, as companies diversify their supply chains. Moody’s Ratings suggests that while Chinese ports may face financial headwinds, Indian and Indonesian ports could experience increased activity. This shift is driven by geopolitical tensions and India’s relatively low exposure to US tariffs.
India has restricted imports from Bangladesh through northeastern land ports following controversial remarks by a Bangladeshi official. The move, effective May 17, redirects exports through Kolkata and Nhava Sheva ports, increasing logistics costs for Bangladeshi businesses.