Speaking at a programme in Mumbai, he said: “India looks for equity, balance and fair trade when negotiating a FTA”. The country has implemented these agreements with countries, including Australia, and UAE, and is negotiating such pacts with nations such as the UK and European Union.
India looks for equity, balance, fair trade in FTA talks: Piyush Goyal
India is launching a ₹30,000 crore Maritime Development Fund to bolster its shipbuilding industry and aims to lead the world in ship recycling by 2030. The government is also planning three mega shipbuilding clusters and extending financial assistance programs to support the industry’s growth.
IIT Guwahati, IRS launch India’s first underwater welding & deep diving certification programme
2 years ago
IIT Guwahati’s Technology Innovation Hub and the Indian Register of Shipping (IRS) successfully conducted India’s first training and certification program in underwater welding and deep diving. The program, held at the Neel Diving Academy in Kochi, provided participants with theoretical and practical training, culminating in certification upon successful completion of rigorous underwater welding exercises and […]
India looks to revolutionise maritime sector by 2047 with Rs 80L crore investment: Sarbananda Sonowal
2 years ago
India is planning a massive investment of Rs 80 lakh crore in its maritime sector, aiming to increase port capacity and boost shipbuilding. The goal is to achieve a port handling capacity of 10,000 million metric tons annually by 2047.
The UK and India will resume negotiations for a free trade agreement in 2024. This follows a pause due to elections in both countries. UK Prime Minister Keir Starmer, who met with Indian Prime Minister Narendra Modi at the G20 summit, stated that a trade deal would boost jobs and prosperity in the UK.
Services tax surplus and robust remittances may help India in overcoming tariff hikes by US: CRISIL
2 years ago
India’s exports faced challenges, but a late surge brought hope. October saw significant growth, driven by sectors like engineering and gems. However, competition from China and a widening trade deficit raised concerns. Despite this, India’s strong services trade and remittances are expected to keep the economy stable.
Senator Marco Dreosto highlights the potential of the India-Europe Economic Corridor (IMEEC) to reshape global trade. Dreosto emphasizes the historical ties between Italy and India, advocating for the Port of Trieste’s strategic role as a primary European terminal for IMEEC. He envisions joint ventures in third-country port sectors, aligning with Italy’s Mattei Plan for sustainable […]
Imposing tariffs on India will lead to trade war, says Congressman-elect Suhas Subramanyam
2 years ago
Newly elected US Congressman Suhas Subramanyam has voiced his opposition to potential tariffs on Indian exports by the incoming Trump administration. Subramanyam believes such actions would trigger a trade war detrimental to both nations. He emphasizes the importance of US-India economic cooperation and plans to advocate for a reformed immigration system, including a path to […]
MIP may be woven into textiles as imports rise
2 years ago
The Indian government is considering imposing minimum import prices (MIP) on certain textile products, including viscose rayon yarn and woven fabrics, to protect domestic industries from a surge in imports, primarily from China. The move aims to curb dependence on imports and address the growing trade deficit with China.
Joining RCEP to hit India as investment destination, overwhelm MSMEs, capital flight: GTRI
2 years ago
Joining RCEP could hinder India’s goal of becoming a top investment destination. Experts warn that it could lead to domestic capital flight and harm small businesses. India already has trade agreements with most RCEP members. The World Bank suggests focusing on internal reforms instead. India’s exports to China have not grown significantly despite existing agreements.