From road-safety chips to water-from-air, PM Modi reviews cutting edge Israeli tech
India is significantly boosting its domestic maritime capabilities to address a strategic weakness in its reliance on foreign ships for trade. A Rs 77,000 crore package aims to build a national fleet, create jobs, and foster industrial growth, with West Bengal poised to benefit from its historical and geographical advantages.
Carbon tax remains intact in India-EU FTA; technical talks to address concerns: German official
2 weeks ago
India and the European Union will hold technical discussions on the EU’s Carbon Border Adjustment Mechanism. The mechanism will not have exceptions for any country, including India. This comes despite a new Free Trade Agreement between the two sides. India’s carbon-intensive exports may face additional costs.
Shares of major Indian solar manufacturers such as Waaree Energies, Premier Energies and Vikram Solar fell sharply on the bourses as investors priced in potential export headwinds.
Commerce minister Piyush Goyal says India has concluded nine free trade agreements covering 38 nations
2 weeks ago
India has signed nine free trade agreements with 38 nations, opening up access to almost two-thirds of global markets. These pacts will boost Indian goods, services, and talent mobility. Discussions are underway for new agreements, including with Canada. The nation’s youth and skilled manpower are seen as key growth drivers. Artificial intelligence is expected to […]
Nepal’s soybean oil exports to India saw a massive jump in 2025. Duty-free access allowed Nepal to send record amounts of refined oil to India. This surge helped Nepal’s total exports to India double. However, it created challenges for Indian refiners who pay import duties. Nepal’s share of India’s soybean oil imports increased significantly.
India now in ‘middle ground’ after fresh US tariffs but any hike will erode its advantages: UBI Report
2 weeks ago
India occupies a relative middle ground following the latest tariff developments by the United States, but any uniform tariff hike under Section 122 could increase its tariff exposure and erode some of the advantages gained through earlier negotiations, according to a report by Union Bank of India.
Textile, auto exporters brace for profit squeeze as government halves RoDTEP tax refunds
2 weeks ago
Textile and vehicle exporters face tighter margins and working capital challenges after the government halved RoDTEP tax refunds. This decision, impacting cotton textiles, yarn, and two-wheelers, could hinder export growth and profitability. Companies are appealing for the restoration of earlier rates to avoid financial losses on existing shipments and contracts.
India is undertaking a significant exercise to identify gaps in its manufacturing sector. The government is mapping commonly procured goods to understand import reliance. This initiative aims to boost local production and reduce dependence on foreign supplies. A consolidated procurement plan for these items will be developed.
The government has clarified that reduced rates and value caps under the RoDTEP scheme do not apply to agricultural and processed food exports. This clarification follows a recent decision to halve duty benefits for exporters. The Directorate General of Foreign Trade issued a notification stating Chapters 1 to 24 of the ITC HS code are […]