The Mumbai bench of the NCLT rejected Adani Ports’ plea for a delayed resolution plan for Tuticorin Coal Terminal, favoring the exploration of more bids. The tribunal noted the company’s improved financial performance during the CIRP, suggesting broader investor interest. Currently, lenders are evaluating a proposal from Seapol Port, the remaining bidder for the asset.
NCLT junks Adani Ports plea for delayed Tuticorin coal plan
India is set to boost its shipbuilding industry with mega centers in Andhra Pradesh, Tamil Nadu, and Gujarat. HD Hyundai is reportedly partnering with Cochin Shipyard Limited (CSL) to build large vessels, potentially investing ₹10,000 crore in Thoothukudi, Tamil Nadu.
India has proposed retaliatory duties on 29 American products, including apples and almonds, in response to US tariffs on steel and aluminum. New Delhi communicated to the WTO that these US measures impact $7.6 billion of Indian imports, resulting in $1.91 billion in duty collections.
Trade is a big reason they stopped fighting, claims Donald Trump on India-Pakistan tensions
1 year ago
President Donald Trump asserted that trade played a significant role in the ceasefire agreement between India and Pakistan. He stated the United States is prepared to assist both nations following the agreement, which he claims his administration helped facilitate. This understanding to halt firings and military actions followed heightened tensions after attacks.
India and the EU are currently engaged in FTA negotiations, addressing non-tariff barriers like CBAM, EUDR, and India’s QCOs. While aiming to finalize the agreement by year-end, discussions include the possibility of a single-phase conclusion, mirroring the UK deal.
A US-China trade deal, featuring tariff reductions, presents both challenges and opportunities for India. While it could intensify competition in some markets, India can leverage its strengths in sectors like pharmaceuticals and IT. Exporters emphasize the need for proactive engagement with the US to secure preferential trade access, especially with ongoing BTA negotiations.
US-China deal to roll back high tariffs presents challenges, opportunities for India: Exporters
1 year ago
A temporary tariff truce between the US and China presents India with both opportunities and challenges. While increased US-China trade may intensify competition in some markets, India can leverage its strengths in sectors like pharmaceuticals and IT. Experts suggest India should proactively seek preferential trade access with the US and encourage domestic manufacturing to mitigate […]
Geopolitical tensions between India and Pakistan are causing concern among foreign importers, who are seeking updates from Indian suppliers. Cargo movement has slowed at some ports, and banks are taking longer to process documents for shipments to Turkiye due to its support for Pakistan.
India’s free trade agreement with the UK offers limited import duty benefits on beer and excludes wine, alongside dairy, apples, and other sensitive agricultural products. While Scotch whiskey and cars will become cheaper, duties on Indian garments and leather will reduce in the UK. The agreement, expected to be implemented in over 15 months, is […]
Mercedes-Benz and BMW view the India-UK FTA positively, anticipating it will foster growth through free trade. However, they suggest the agreement’s impact on luxury car prices in India will be limited due to the prevalence of CKD imports and quota restrictions. Both companies emphasize their commitment to local production and localization within the Indian market.