India’s landmark trade agreement with the European Free Trade Association (EFTA) bloc becomes operational on October 1. This first-ever pact with a European grouping includes a significant $100 billion investment pledge from EFTA nations over 15 years, aiming to create one million jobs.
India’s first Europe-facing trade pact comes into effect on October 1
India and Argentina are significantly expanding their agricultural cooperation, marked by recent high-level delegations and a Prime Minister’s visit. Argentina stands as India’s leading and reliable supplier of soybean oil and a key source for sunflower oil, achieving record production and exports. This strengthening bilateral relationship aims for sustained mutual growth, particularly in the vital […]
Cabinet approves Rs 69,725 crore package to transform India’s shipbuilding, maritime sector
1 month ago
The Union Cabinet, led by Prime Minister Narendra Modi, has approved a Rs 69,725 crore package. This package aims to revitalize India’s shipbuilding and maritime sector. It is a comprehensive strategy built on four pillars. The initiative spans ten years. It includes the Shipbuilding Development Scheme with a significant budgetary allocation.
South Asia analyst Michael Kugelman has highlighted the importance of trade talks between India and the United States, stating that a potential trade deal could serve as a major confidence-building measure and help stabilise the bilateral relationship while easing tensions.
India and the European Union’s 13th round of FTA negotiations in Delhi saw limited progress, particularly in automotive and agricultural sectors. While advancements were made in rules of origin and investment, key disagreements persist in agriculture, chemicals, and automotive standards. The EU highlighted the need for high-level interventions to bridge the gap, with the next […]
India is ratifying the WTO Agreement on Fisheries Subsidies, advocating for stricter rules for nations historically providing high subsidies. New Delhi emphasizes ‘precise’ special treatment for developing countries and calls for balanced disciplines promoting sustainability. It seeks subsidy calculations on a per capita basis and a 25-year exemption to protect its small-scale fishers.
Food security key to wheat export limits: Govt
1 month ago
Food Minister Pralhad Joshi stated the government will consider easing wheat product export restrictions after assessing the planting and production outlook for the season. The flour milling industry requested permission to export up to 1 million tonnes of processed wheat products. The government will evaluate availability and food security before making any decisions regarding export […]
The United States aims to boost energy ties with India. This includes natural gas, coal, nuclear energy, and clean cooking fuels. US Energy Secretary Chris Wright praised India as a “star” in clean cooking fuels. He highlighted India’s growing energy needs and economic dynamism. The US seeks increased energy trade and collaboration with India.
Mazagon Dock Shipbuilders signs MoU with TN govt to develop greenfield shipyard on the eastern coast
1 month ago
Mazagon Dock Shipbuilders Limited (MDL) and Guidance Tamil Nadu have signed a Memorandum of Understanding (MoU) to investigate the possibility of building a cutting-edge greenfield shipyard on India’s eastern coast. The agreement was formalized on September 19 during a ceremony organized by the Ministry of Ports, Shipping and Waterways (MoPSW) in Bhavnagar, Gujarat.
Cochin Shipyard Limited plans a Rs 15,000 crore shipyard in Tamil Nadu with a Korean partner. The project aims to create 10,000 jobs. CSL also partners with HD Korea for shipbuilding. They will use CSL’s new dry dock to build large vessels. A Block Fabrication Facility is planned in Kochi, generating more jobs.