Garden Reach Shipbuilders and Engineers Limited shows strong prospects. The company is pursuing shipbuilding orders. GRSE delivered its 110th warship to the Navy. It is the lowest bidder for Navy’s New Generation Corvette program. The company is strengthening its ship repair business. GRSE created a Commercial Shipbuilding Division. Revenue from operations rose 41 per cent.
GRSE upbeat on shipbuilding growth, eyes Rs 25,000-cr corvette order
Adani Group’s Vizhinjam International Seaport has achieved a major milestone. The port handled over 1 million TEUs in nine months. Kerala’s Minister for Ports, V N Vasavan, marked this achievement at a ceremony. Vizhinjam has welcomed over 460 vessels since its launch in December 2024. The port exceeded initial projections. It is reshaping India’s maritime […]
US National Economic Council Director Kevin Hassett cited India’s reluctance to open its markets to American products, describing the India-US relationship as “complicated.” This follows Washington’s imposition of 50 per cent tariffs on Indian goods. Hassett linked these tariffs to geopolitical efforts pressuring Russia over the Ukraine conflict, hinting at further escalation if India doesn’t […]
US Trump Tariffs News: White House trade adviser Peter Navarro has branded the Ukraine conflict “Modi’s war,” claiming India’s discounted oil purchases from Russia bankroll Moscow’s invasion and raise costs for American taxpayers. His remarks came as US tariffs on Indian goods doubled to 50 percent, affecting more than half of exports. India insists its […]
Reserve Bank of India will meet with industry leaders to discuss the impact of US tariffs. The consultation is planned for September. It will assess how the 50% tariffs affect various sectors. Labour-intensive industries may face significant challenges. The meeting will also cover the India-UK trade agreement. RBI aims to cushion the economy from the […]
India is considering easing restrictions on Foreign Direct Investment from China. This move comes amid warming relations between the two nations. Niti Aayog suggested relaxing the mandatory prior approval for investments up to 24%. Recent ministerial visits and agreements on flights and tourism signal improved ties.
India is strategically targeting 40 countries, including the UK and Japan, to boost textile exports following the imposition of US tariffs. The initiative involves participating in international events and running sector-specific campaigns under a unified Brand India vision. These 40 nations represent a $590 billion textile import market, offering India significant growth potential.
India faces a significant challenge as the US imposes a 50% tariff on $48.2 billion worth of its exports, effective Wednesday, heavily impacting labor-intensive sectors like textiles and seafood. The government is strategizing to mitigate the effects through an Export Promotion Mission and potential GST reforms to bolster domestic demand.
ET looks at India’s trade with the US and how it fares viz-a-viz its competitors.
The Indian seafood industry, a major shrimp exporter to the US, faces challenges due to a 50% tariff increase. Export shipments are paused as both exporters and importers await market adjustments. US consumers will likely bear the brunt of the higher costs, as India’s value-added seafood products are difficult to replace immediately.