The government has granted a one-year exemption from mandatory quality control for certain imported copper products, specifically for actual users. This decision, made in consultation with the Bureau of Indian Standards, aims to facilitate the import of specialized copper for various sectors. Importers must adhere to specific conditions, including informing BIS and submitting an indigenisation […]
Govt exempts 14 copper products from QCO for one year
India is considering increasing customs duties and offering targeted incentives for goods with high imports despite local production. This move aims to reduce the merchandise trade gap and supply chain dependence, with a list of around 100 items, including engineering goods and consumer products, under review.
Indian exports look set for strong growth in 2026. Diversification and new trade pacts with the UK, Oman and New Zealand will boost shipments. Despite US tariffs, exports to America surged in 2025. Electronics, engineering, and pharmaceuticals lead the way. Global supply chain shifts and India’s improving business environment support this positive outlook.
The Centre has unveiled operational guidelines for the Shipbuilding Financial Assistance Scheme (SBFAS) and the Shipbuilding Development Scheme (SbDS), valid until March 2036 with a possible extension to 2047.
Indian wines taste victory beyond grapes & borders
6 months ago
Indian fruit-based wines are gaining traction abroad. Jamun wine, made in Nashik, has been exported to the US. Wines from Kashmiri apples and Alphonso mangoes are also reaching international markets. This trend offers new opportunities for Indian winemakers. Exports are growing, with sales already surpassing last year’s total. Challenges remain for smaller producers seeking global […]
Syama Prasad Mookerjee Port, Kolkata, and Cochin Shipyard Ltd. have reinforced their collaboration to bolster India’s ship repair capabilities. A shared profit of Rs 5.94 crore was distributed from their joint venture, the Cochin–Kolkata Ship Repair Unit.
India–New Zealand FTA to create jobs, lift incomes as doors open to 1.4 billion Indian consumers: Christopher Luxon
6 months ago
India and New Zealand have finalized a Free Trade Agreement. This pact opens New Zealand businesses to India’s large consumer market. The deal is expected to create more jobs and increase incomes. It will also significantly boost exports for both nations. This agreement marks a swift conclusion to negotiations, fostering deeper economic ties.
India is actively pursuing trade agreements with the United States and the European Union, aiming for fair and mutually beneficial deals. Recent discussions with US officials and ongoing EU negotiations signal progress. The successful conclusion of the New Zealand FTA is setting a positive precedent for India’s global trade strategy.
India has levied anti-dumping duties on two Chinese imports, a refrigerant gas and specific steel products. These measures aim to shield domestic manufacturers from below-normal priced goods. Additionally, duties are now in place for a plastic filler masterbatch from Vietnam.
India and the UK finalized a landmark Free Trade Agreement in 2025, alongside a ‘Vision 2035’ pact to deepen bilateral ties. The CETA is projected to significantly boost trade, while educational ties expand with British universities establishing campuses in India. The year also saw significant immigration policy changes and the passing of prominent Indian-origin entrepreneurs.