India and the UAE aim to double non-oil and non-precious metal trade to $100 billion in 3-4 years, with a 34% increase in the first half of 2025 compared to 2024. They plan joint infrastructure projects in third countries and the UAE is considering large-scale stock market investments in India.
India, UAE eye $100B non-oil, non-precious metal trade
India and the UAE aim to double non-oil and non-precious metal trade to $100 billion in 3-4 years, with a 34% increase in the first half of 2025 compared to 2024. They plan joint infrastructure projects in third countries and the UAE is considering large-scale stock market investments in India.
US revokes sanctions exemption on Iran’s Chabahar Port: What it means for India’s strategic gateway
1 month ago
The US decision to revoke sanctions exemptions for Iran’s Chabahar Port poses a significant threat to India’s strategic connectivity project. This move jeopardizes India’s ability to bypass Pakistan and access Afghanistan and Central Asia for trade and humanitarian aid. The port serves as a crucial counterweight to China’s influence in the region.
US revokes sanctions exemption on Iran’s Chabahar Port: What it means for India’s strategic gateway
1 month ago
The US decision to revoke sanctions exemptions for Iran’s Chabahar Port poses a significant threat to India’s strategic connectivity project. This move jeopardizes India’s ability to bypass Pakistan and access Afghanistan and Central Asia for trade and humanitarian aid. The port serves as a crucial counterweight to China’s influence in the region.
The Maharashtra government is partnering with Finland to modernize Mumbai’s historic Sassoon Dock using technology-driven solutions. The project aims to address operational challenges, environmental concerns, and hygiene issues at the busy fishing harbor. The modernization will introduce modular infrastructure and advanced fishing methods to improve efficiency, sustainability, and fishermen’s earnings.
Adani Group and partners will double the Colombo terminal capacity. The project is ahead of schedule, despite losing US funding. The terminal is strategically important for India and China. The first phase is complete and the second phase will finish by late 2026. Adani withdrew a funding request from the US.
India & Eurasia to launch FTA talks
1 month ago
In August, India and the EAEU comprising Armenia, Belarus, Kazakhstan, Kyrgyz Republic and the Russian Federation signed the terms of reference to launch negotiations for FTA. With a combined GDP of $6.5 trillion, the proposed FTA is expected to expand market access for Indian exporters.
The European Commission and the High Representative adopted a Joint Communication outlining a ‘New Strategic EU-India Agenda’, marking a significant milestone in the India-EU relations, according to an official EU statement.
Commerce and industry minister Piyush Goyal will visit the United Arab Emirates from September 18–19 to review progress on bilateral trade and investment initiatives, the government said on Wednesday. Goyal will co-chair the 13th India-UAE High Level Task Force on Investments with Sheikh Hamed bin Zayed Al Nahyan, managing director of the Abu Dhabi Investment […]
The Prime Minister’s Office is engaging with corporations to mitigate the impact of US tariffs. Shaktikanta Das met with company executives to discuss reforms for economic growth. The government is forming a panel to streamline tax and export processes. India and the US are negotiating a trade deal. Talks between the two countries are positive.