India’s thermal coal imports decreased for the sixth consecutive month in February, mainly due to slowed manufacturing activity and increased domestic production. Imports fell by 15.3% to 12.16 million metric tons. While coal consumption is expected to rise during the summer months, it might not boost imports significantly due to growing domestic output.
India’s thermal coal imports fall for sixth straight month in February
SolitAir Holding, a UAE-based cargo operator, plans to invest USD 25 million in India’s market in its first year of operations. With a strategy to connect and service 50 cities, the company emphasizes India’s critical role in global trade and aims to expand its network and services frequency.
The European Union’s stringent environmental regulations pose significant challenges in the ongoing free trade agreement negotiations with India. Issues such as the Carbon Border Adjustment Mechanism and privacy data protection laws could impose additional costs on Indian exports, despite efforts for exemptions or compensatory measures.
India and the European Union will commence their tenth round of negotiations for a proposed free trade agreement in Brussels. Key issues such as agricultural tariffs, auto import duties, and regulatory barriers will be the focus, with hopes to finalize the deal by the end of the year.
Italian Agriculture Minister Francesco Lollobrigida has called for stronger trade ties with India during the ‘Vinitaly’ trade promotion fair in New Delhi. Highlighting a robust relationship between the governments, he emphasized mutual exports and renewing trade relations.
India is assessing its import basket to create a customized lower tariff structure for the US, considering sectors like agriculture and automobiles. Negotiations for a bilateral trade agreement are advancing, with an emphasis on reducing tariffs and deepening supply chain integration. Experts urge caution, particularly regarding agriculture and technology-led manufacturing, to protect sensitive sectors.
Negotiations for an India-US trade deal have begun, with tariff discussions underway. President Trump hinted at significant tariff reductions by India, but Indian officials emphasized that discussions are ongoing and details are yet to be finalized. Both countries aim to strengthen bilateral trade and reduce barriers.
India is seeking to strengthen trade ties with the US by reducing tariff barriers under a bilateral trade agreement amidst President Trump’s announcement of reciprocal tariffs. During Prime Minister Modi’s recent visit, both nations announced plans to negotiate a beneficial multi-sector trade pact.
US Commerce Secretary Howard Lutnick emphasized the need for a major trade agreement between the US and India, stressing that India must reduce tariffs and protections for the US market. He highlighted that India’s agricultural sector needs to open up and suggested a reciprocal policy to enhance bilateral trade, leveraging the strong rapport between Modi […]
India’s forex reserves stood at $638.69 billion by February 28, 2025, experiencing a decrease of $1.7 billion. The Reserve Bank of India intervenes in the market to maintain stable conditions and control excessive volatility without targeting specific levels.