HMPL’s subsidiary, Square Port Shipyard, has partnered with Damen Technical Cooperation BV from the Netherlands to upgrade its shipyard in Dabhol, Maharashtra. The collaboration aims to construct ships for both domestic and international markets, enhancing Square Port Shipyard’s capabilities in shipbuilding and repair services. This partnership marks a significant step for HMPL in expanding its […]
Square Port Shipyard ties up with Damen to develop ships for domestic, int’l markets
India has proposed unlimited electric vehicle imports priced above GBP 80,000 from the UK to facilitate a free trade agreement. This is in exchange for a larger export quota of smaller EVs priced below GBP 40,000 from India to the UK. The proposal aims to benefit automakers in both countries and potentially influence trade discussions […]
Both Ministers acknowledged the historical, social, cultural and economic ties between India and UK and exchanged thoughts on the current global and geopolitical situation and also agreed to leverage the existing economic relationship through collaboration and cooperation as a shared priority.
The US has temporarily suspended additional tariffs on India for 90 days, until July 9, 2025, offering relief to Indian exporters. This decision provides a window for advancing bilateral trade agreement talks between India and the US. While a 10% baseline tariff remains, exporters are optimistic that diplomatic engagement will mitigate the impact.
India’s commerce ministry is identifying export opportunities arising from the US-China trade war. A 90-day pause in reciprocal tariffs gives Indian exporters time to share added costs with buyers. With the US imposing steep tariffs on China, Indian sectors like textiles, footwear, and food see potential to gain market share. However, Chinese competition in non-US […]
The Union government, a bank consortium, and Adani Ports signed an MoU to provide Rs 817.80 crore Viability Gap Funding (VGF) for the Vizhinjam deep-sea port project. The Kerala government agreed to share 20% of its port revenue with the Centre. Despite requesting VGF as a grant, Kerala accepted it as a loan after no […]
The MSC Turkiye, one of the world’s largest and most fuel-efficient container ships, docked at Kerala’s Vizhinjam International Seaport for the first time, boosting the port’s global transshipment hub status. With eco-friendly design and a capacity of 24,346 TEUs, it highlights Vizhinjam’s ability to attract ultra-large vessels.
India, Russia agree on six new strategic projects to boost bilateral investment cooperation
1 year ago
India and Russia have agreed on six new strategic projects to boost bilateral investment during the 8th India-Russia Working Group session in New Delhi. Officials reaffirmed economic cooperation and reviewed past outcomes. Over 80 firms joined the India-Russia Investment Forum, highlighting strong business interest. Both sides committed to deepening their long-standing “Special and Privileged Strategic […]
The UK and India have agreed on the majority of their free trade agreement, covering critical sectors and easing visa tensions. With only a handful of issues left unresolved—such as tariffs on whisky, cars, and pharmaceuticals—both governments are optimistic. Talks also include a parallel investment treaty aimed at safeguarding financial services. Officials say political-level discussions […]
At a meeting with exporters and industry, Piyush Goyal said that the team working on the Bilateral Trade Agreement (BTA) with the US is exploring the right mix and the right balance, and is “working with speed but not in undue haste” to ensure the right outcome for the country.