Finance Minister Nirmala Sitharaman announced ambitious plans to boost India’s logistics and infrastructure. A Rs 10,000 crore scheme will foster container manufacturing. New dedicated freight corridors and 20 National Waterways will be operationalized. Coastal shipping and inland waterways will see increased usage. Seaplane manufacturing will also be promoted to enhance connectivity and tourism.
FM announces container manufacturing scheme with Rs 10,000 cr outlay
Cargo clearance approvals to be seamlessly processed through single window by year-end: FM
2 months ago
India Budget 2026: Finance Minister Nirmala Sitharaman announced that a single window for cargo clearances will be operational by year-end, streamlining approvals. The validity period for advance customs binding will be extended to five years, and duty exemptions will be provided for fish catch by Indian vessels. Baggage clearance rules for international travelers are also […]
In an effort to support its economy, India is slashing import duties on marine products and footwear, seeking to counterbalance tariffs imposed by the US. Additionally, the government is extending the timelines for exporters in the leather and textile sectors, allowing for improved financial management and reduced uncertainties.
India’s Union Budget 2026-27 introduces a comprehensive customs overhaul, featuring duty relief for manufacturing and exports, and a single digital window for faster clearances. Measures aim to boost competitiveness in sectors like textiles and footwear, while rationalizing duties on strategic imports to enhance market access with the US.
Union Budget 2026: Duty free import of processing inputs to boost export of value added seafood
2 months ago
India’s seafood exports are set to see more value-added products. A threefold increase in duty-free import limits for processing inputs will lower production costs. This move aims to boost competitiveness against rivals like Vietnam and Thailand. Value-added products currently form a small portion of India’s seafood exports. This change is expected to significantly improve that […]
Union Budget 2026: Customs duty rationalisation to help boost exports, promote manufacturing, say experts
2 months ago
Budget 2026-27’s customs duty rationalization is set to boost exports and domestic manufacturing by lowering costs for key sectors like clean energy and healthcare. Experts highlight the removal of basic customs duty on capital goods and strategic inputs, alongside increased duty-free import limits for seafood processing, as significant steps towards enhancing competitiveness and self-reliance.
India has not allocated funds for the Chabahar port project in its Union Budget. This move comes as the US has imposed sanctions on Iran. India has been a major partner in developing the port. The US had granted a waiver on sanctions for Chabahar, which ends soon. India is discussing the project with the […]
India’s ambitious USD 2 trillion export goal is now projected for around 2032. Global uncertainties and the impact of the Covid-19 pandemic have shifted the timeline from the initial 2030 target. Minister Piyush Goyal expressed confidence in achieving this milestone. Free trade agreements are expected to boost opportunities for domestic exporters, attracting investors through stability […]
India and the US are making significant progress on a bilateral trade agreement, with Commerce Minister Piyush Goyal expressing optimism for a swift conclusion and “good news” soon. Both nations are committed to finalizing the pact, with discussions also covering critical minerals and defense. Recent high-level meetings indicate a renewed push to seal the deal.
With ‘mother of all deals’ in bag, Piyush Goyal says mother will be compassionate, fair to all 28 children
2 months ago
India’s trade pact with the European Union is set to significantly boost exports. The agreement, expected this year, will grant 99 percent of Indian goods duty-free access to Europe. This move is projected to double India’s exports to the EU within five years. Businesses are encouraged to expand and capitalize on this opportunity.