“Trade talks and negotiations have been going on between India and the US. These are complicated negotiations. Nothing is decided till everything is. Any trade deal has to be mutually beneficial, it has to work for both countries. That would be our expectation from the deal. Until that is done, any judgement on it would […]
S Jaishankar rebuts Trump’s ‘zero tariff’ claim, says discussions still on
India’s proposal to impose retaliatory duty on US goods to figure in trade talks: Official
5 months ago
India’s proposal for retaliatory duties on US goods, prompted by American steel and aluminum tariffs, will be a key topic in upcoming trade talks starting May 17. An official emphasized this as a pragmatic approach within WTO norms, reserving India’s right to retaliate while prioritizing negotiation. The aim is to boost bilateral commerce to USD […]
Kolkata Port invites bids to transform 3 vintage river vessels into floating cultural venues
5 months ago
The Kolkata Port Trust plans to convert three retired pilot boats into tourist attractions. These vessels, PL Rupsa, PL Hooghly and PL Gopal, will become floating cafes, museums, or wedding venues. The port authority invites proposals from entrepreneurs. This initiative aims to rejuvenate Kolkata’s riverfront. The port offers free berthing and jetty space to encourage […]
India strengthens its economic bonds with Gulf nations. Trade agreements are being finalized. A free trade agreement with Oman is expected soon. Similar pacts with Qatar and other Gulf countries are under consideration. India already has a trade deal with the UAE. Negotiations with the Gulf Cooperation Council are ongoing.
India and the US are collaborating on a revised customs audit process to reduce consignment rejections and expedite goods movement amidst ongoing trade negotiations. Discussions involve clearer protocols, relaxed certification norms for seafood and genetically modified agri-produce, addressing key contention points.
Indian entities have pledged nearly USD 6 million in foreign direct investments in Azerbaijan and Turkiye, a small portion of the total USD 6.8 billion proposed overseas investments in April. This comes amid calls for boycotts of Turkish and Azerbaijani goods and tourism following their condemnation of India’s strikes on terror camps in Pakistan.
India’s trade relations with Turkey and Azerbaijan face potential strain due to their support for Pakistan and criticism of India’s strikes on terror camps. Calls for boycotts of Turkish goods and tourism have emerged in India. Despite this, trade continues, with India maintaining a surplus with both nations, engaging in diverse product exchanges and people-to-people […]
India’s palm oil imports in April fall over 24% m/m
5 months ago
India’s palm oil imports declined by 24.29% in April compared to March, reaching 321,446 metric tons, according to the Solvent Extractors’ Association of India.
India gives approval to Russia’s Sberbank, other insurers for marine cover at its ports
5 months ago
India approves three Russian insurers, including a Sberbank unit. They will provide marine cover for ships at Indian ports. This move helps Russia maintain oil supplies to India. India is a top buyer of Russian oil after China. Russia is India’s top oil supplier for the third year. New Delhi benefits from cheap Russian oil.
Major ports’ cargo handling rises 4.3% to 855 MT in FY25; Paradip, Deendayal cross 150 MT
5 months ago
India’s major ports experienced a 4.3% surge in cargo handling, reaching 855 million tonnes in FY 2024-25, fueled by container, fertilizer, and POL throughput. Paradip and Deendayal ports exceeded 150 MT, while JNPA achieved a record 7.3 million TEUs. Increased private investment and land allocation for industrialization signal strong confidence in port-led development.