Need more free trade pacts to compete with Bangladesh, others in textile exports: Vice President

Vice President C P Radhakrishnan emphasized India’s need for more free trade agreements to compete globally in textiles and apparel. He highlighted competitors like Bangladesh and urged the industry to explore new markets and adopt sustainable practices. India aims for USD 350 billion in textile market size by 2030.

In its final parliament session of the year, Prime Minister Narendra Modi’s government pushed through major economic reforms aimed at boosting growth amid trade challenges. Parliament approved bills allowing private investment in nuclear energy, full foreign ownership of insurance firms, and a unified securities market code.

India and Oman are set to implement a free trade agreement in the next three months. This pact allows Indian firms to employ 100% Indian staff for their investments in Oman. Oman offers zero-duty access on over 98% of its tariff lines for Indian exports. Indian businesses can invest in sectors like steel, energy, education, […]

Commerce Minister Piyush Goyal will visit Brussels next month for crucial trade talks. Negotiations for a proposed trade pact with the European Union are in their final stages. Both sides are working to bridge differences and conclude a comprehensive agreement soon. This pact aims to boost bilateral trade and cover 23 policy areas.

India has authorized Russia’s Sberbank to import gold into the country. This inclusion is effective from June 25, 2025, until March 31, 2026. Sberbank joins Indian Overseas Bank and Union Bank of India on the list of gold importers for Fiscal Year 2026.

India will soon remove import duties on several Omani products. This is part of a new trade agreement, the CEPA, signed recently. Goods like crude oil, LNG, and urea will see duty cuts. The agreement aims to boost trade between the two nations. Implementation is expected within three months. This move will benefit both Indian […]

An MoU was inked in this regard between the two countries. The JTIC will serve as a dedicated mechanism to review bilateral trade relations, promote two-way investments, address investment and trade barriers, and explore collaboration in sectors of mutual interest.

The pact would help Indian exporters, reeling under the impact of 50% tariffs imposed by the Trump administration on Indian goods, to diversify shipments in West Asia region, a gateway to Africa and Europe. Oman has offered to ease norms for Indian companies operating in the Gulf country under the CEPA allowing them to employ […]

India and Oman have taken a significant step together by signing a Comprehensive Economic Partnership Agreement, alongside a Joint Vision Document dedicated to Maritime Cooperation. This alliance is designed to elevate trade and investment flows, while also fortifying their strategic connections. Important dialogues addressed themes of energy, defense, and cultural exchanges, illustrating the depth of […]