The government actively explores tax and policy changes for India’s maritime sector. A ₹70,000 crore plan will transform shipbuilding into a global powerhouse. This initiative aims to increase Indian-owned vessels for cargo transport. It seeks to attract international firms and technology transfer. Port capacity will also expand significantly by 2030.
Exploring tax, policy measures to strengthen maritime sector: Sarbananda Sonowal
The Directorate General of Trade Remedies (DGTR) has launched anti-dumping investigations on solar encapsulants (excluding EVA) from China, South Korea, Vietnam, and Thailand, following a petition by RenewSys India. Additional probes target mobile covers from China and a rubber chemical intermediate, 4-ADPA, from China and the EU. The investigations cite prima facie evidence of injury […]
Free trade pact talks on with multiple nations, US too: Commerce & industry minister Piyush Goyal
3 weeks ago
India is negotiating free trade agreements with several nations. These include the US, EU, New Zealand, Oman, Peru, and Chile. The Trade and Economic Partnership Agreement with EFTA begins October 1. This pact involves a 100 billion dollar investment commitment. It offers lower duties on Swiss watches and diamonds. Qatar and Bahrain also seek trade […]
Latest round of India-EU talks on FTA was ‘missed opportunity’ to make some breakthrough: EU envoy
3 weeks ago
EU envoy Herve Delphin said the 13th round of India-EU free trade agreement (FTA) talks in September was a “missed opportunity” due to differences on autos and agriculture, but the EU remains ready to conclude a meaningful deal by December.
India begins anti-dumping probes against some Chinese solar encapsulants, mobile covers, chemical imports
3 weeks ago
India has launched anti-dumping investigations into solar encapsulants from China, South Korea, Vietnam, and Thailand, following an application by RenewSys India. Additionally, probes were initiated on mobile covers from China and 4-ADPA from China and the EU, citing prima facie evidence of dumped imports causing material injury to domestic industries.
India and Sweden are forging scalable innovation models for sustainable global growth, leveraging India’s scale and Sweden’s clean technology expertise. Their collaboration, through initiatives like LeadIT and private sector engagement, aims to accelerate green transformation and build resilient, sustainable supply chains. This partnership positions both nations as leaders in climate action and circular economy practices.
Korea’s Samsung Heavy Industries joins India’s shipbuilding push with Swan Defense and Heavy Industries
3 weeks ago
Samsung Heavy Industries has partnered with India’s largest shipyard, Swan Defense and Heavy Industries, to enter the Indian shipbuilding market. This collaboration supports India’s initiative to become a top shipbuilding nation by 2047, leveraging SHI’s expertise and India’s growing maritime sector, bolstered by significant financial incentives.
Tides turning for a Maruti moment: Domestic order of 100+ vessels needed to spark a shipbuilding wave
3 weeks ago
India aims to boost shipbuilding. A 70,000-crore package supports domestic shipyards. This initiative seeks to replicate Maruti Suzuki’s past success. Foreign shipbuilders from Korea and Japan are invited to establish operations. India currently depends on foreign vessels for trade. This plan addresses maritime security and economic resilience. Assured orders from public sector units are needed […]
Shipping Ministry planning new scheme for ship building, repair industry: Sarbananda Sonowal
3 weeks ago
Union Minister Sarbananda Sonowal announced a National Shipbuilding Mission to save Rs 4.50 lakh crore annually in freight charges and create 25-30 lakh jobs. This initiative, part of a Rs 70,000 crore three-pronged strategy, includes a new India Ship Technology Centre to boost the nation’s maritime sector and self-reliance.
DP World inaugurated a warehousing facility in Kochi for Mondelez India, enhancing the multinational’s supply chain and distribution in Kerala. The facility offers over 4,000 pallet positions for both dry goods and ambient storage. This integrated solution streamlines operations, reduces lead times, and ensures consistent service quality, strengthening DP World’s warehousing network across India.