An Indian delegation is in London to promote its textile industry and strengthen trade ties with the UK, especially after the recent Comprehensive Economic and Trade Agreement (CETA). India aims to increase its textile exports, targeting 40 countries due to US tariffs, and sees the UK as a key market, with exports already at USD […]
High-level delegation visits UK to deepen trade textile trade, leverage CEPA
A fire erupted on the cargo ship Haridharshan, anchored at Porbandar’s Subhashnagar Jetty in Gujarat, intensified by its cargo of approximately 950 tons of rice and 78 tons of sugar. The Somalia-bound vessel was subsequently towed to the sea’s center as fire brigade vehicles worked to extinguish the blaze. Further details regarding the incident are […]
India has requested consultations with Indonesia through the WTO regarding Jakarta’s plan to impose import duties on cotton fabric. New Delhi, emphasizing its significant trade interest in cotton fabric exports, proposed virtual discussions in late September 2025. This action follows Indonesia’s notification to WTO members about potential harm to its domestic cotton fabric industry and […]
India’s smartphone exports to US falling: GTRI
9 months ago
India’s smartphone exports to the US experienced a significant 58% drop between May and August 2025, raising concerns due to the absence of tariffs. This decline, coupled with weakened pharmaceutical exports and falls in other sectors like jewellery, seafood, and textiles, prompts urgent investigation. Higher tariffs imposed in August are expected to further impact exports […]
Amidst global trade shifts, Brazil is advocating for stronger economic and agricultural ties with India, viewing it as a prime opportunity for collaboration. Ambassador Nobrega highlighted the Maitri 2.0 event, emphasizing joint research to combat climate change and enhance food security.
Emkay’s report indicates India’s IT services export growth may dip below 4% due to the sharp increase in H-1B visa fees, potentially disrupting traditional export models and project margins. While near-term impacts are limited, sustained higher fees could pressure Indian IT supply chains. Experts suggest a shift towards offshoring as a possible offset.
India, US agree not to seek info on source code
9 months ago
US companies are poised to find it easier to sell products and services in India as the two nations renegotiate a trade agreement, emphasizing the facilitation of digital trade. Both countries have agreed to avoid demanding proprietary information like source code or specific technology access as preconditions for business operations in India.
India and Oman are poised to sign a Comprehensive Economic Partnership Agreement (CEPA) soon, aiming to diversify their trade beyond energy to include more commodities and services. Negotiations have concluded, and both nations are undergoing legislative and administrative processes. The agreement seeks to reduce customs duties and ease norms to boost trade and investment, potentially […]
Swan Defence and Heavy Industries has signed a Rs 4,250 crore agreement with Gujarat Maritime Board. The goal is to modernize shipyards and boost supply chains. SDHI also signed an MoU with Sagarmala Finance Corporation Limited. Prime Minister Narendra Modi inaugurated maritime development projects worth over Rs 7,870 crore.
PM Modi flags ₹6 lakh cr shipping bill outflow that equals defence spend, calls for Atmanirbhar push
9 months ago
Prime Minister Modi highlighted India’s significant annual expenditure of ₹6 lakh crore to foreign companies for shipping, nearly equivalent to the country’s defense budget. He attributed this dependence to the Congress governments’ neglect of domestic shipbuilding, hindering India’s potential. Modi emphasized the need for self-reliance in the shipping sector to bolster economic sovereignty and realize […]