Indian envoy Vinay Mohan Kwatra engaged with US lawmakers, advocating for equitable trade relations amidst existing tariff disagreements. He emphasized the need for balanced and mutually advantageous trade ties during discussions with multiple congressmen. Kwatra also highlighted India’s increasing acquisition of hydrocarbons from the United States as crucial for its energy security.
Indian envoy discusses ‘fair’ trade with US lawmakers amid tariff tensions
Biostimulant Industry Federation urges govt intervention amid trade barriers, regulatory delays
2 months ago
The National Biostimulant Industry Federation (NBIF) is urging government intervention to address regulatory hurdles in India and high tariffs abroad, which are impeding the growth of the biostimulant sector. NBIF is requesting reforms across key ministries to support the industry, which is valued at Rs 40,000 crore and comprises over 5,000 SMEs.
India may launch dedicated satellite tech for maritime sector, says Union Minister Sarbananda Sonowal
2 months ago
Union Minister Sarbananda Sonowal announced plans to explore launching a dedicated satellite or acquiring a transponder to bolster India’s maritime governance and port management. This initiative aims to enhance vessel traffic monitoring, improve navigational safety, and strengthen disaster preparedness along India’s coastline and Exclusive Economic Zone (EEZ).
Adani Ports is investing Rs 600 crore to develop a 70-acre logistics park in Kochi, Kerala. This project, under the Invest in Kerala initiative, aims to transform the state into a major logistics and industrial hub. The development signifies a crucial advancement in strengthening Kerala’s infrastructure and economic capabilities.
India is actively engaged in free trade agreement (FTA) negotiations with key global partners, including the European Union, the United States, Chile, and Peru. Commerce Minister Piyush Goyal highlighted the continuous efforts, with discussions spanning across different time zones to accommodate various countries. Talks with the US are ongoing, despite a recent tariff increase imposed […]
India and Australia concluded the 11th round of negotiations in New Delhi, aiming to broaden their economic partnership through a Comprehensive Economic Cooperation Agreement (CECA). Discussions encompassed goods, services, digital trade, and various regulatory aspects. Both nations are committed to maintaining momentum through virtual sessions, striving for an early and mutually beneficial agreement.
India’s seafood exports remained relatively stable at USD 7.45 billion in 2024-25, although the volume of shipments decreased to 16,98,170 tonnes. Frozen shrimp continued to be the top export, with the United States and China being the primary importers of Indian seafood. The US imported seafood worth USD 2.71 billion.
Piyush Goyal emphasized that India’s trade decisions are driven by national interest, not geopolitics, even amidst tariff threats from the US. The government is strategically exploring alternative trade partnerships and addressing concerns related to existing agreements like the one with ASEAN. Furthermore, efforts are underway to enhance ease of doing business through decriminalization and GST […]
What’s good for the country, drives the deal, says Piyush Goyal on trade agreements at ET World Leaders Forum
2 months ago
Commerce and Industry Minister Piyush Goyal emphasized that India’s trade negotiations prioritize national interest and industry needs. He highlighted ongoing discussions with the EU and plans for more trade agreements, while also addressing concerns about the ASEAN FTA’s impact on domestic industries. Goyal underscored India’s economic resilience and proactive approach to trade, aiming for fairness […]
Commerce and Industry Minister Piyush Goyal has urged tea, coffee, and rubber sectors to leverage Free Trade Agreements. This is to enhance exports. He emphasized market diversification and value-added products. Goyal directed plantation boards to promote GI products with ‘India’ in their logo. He also suggested a common incubation center to foster research and startups.