Fifty projects valued at Rs 3,581 crore are currently underway as part of the government’s Sagarmala initiative. The Ministry of Ports, Shipping and Waterways has approved financial aid of Rs 1,532 crore for these projects. This program aims to boost trade and coastal development across India. It focuses on modernizing ports and creating jobs.
Sagarmala program: 50 projects worth Rs 3,581 cr under implementation
India-US trade deal: India will get tariff-free access to certain aircraft and aircraft parts from the US under the framework for an interim bilateral trade agreement announced by both countries, according to a joint statement. India will also receive a preferential tariff rate quota for auto parts and negotiated outcomes on generic pharmaceuticals and ingredients, […]
India-US trade deal: Union Finance Minister Nirmala Sitharaman welcomed the India-US interim trade deal and reaffirmed commitment to stronger bilateral ties. Sharing the joint statement on X, she said, “India-US issue a joint statement: announces ‘a framework for an Interim Agreement regarding reciprocal and mutually beneficial trade (Interim Agreement).’ We remain committed to negotiating the […]
US President Trump has lifted a 25% tariff on Indian goods, fulfilling a trade deal contingent on India ceasing Russian oil imports. The agreement also includes a reduction in reciprocal levies and India’s commitment to purchase $500 billion in US energy and other products over five years.
India-US interim trade deal: The United States and India have agreed on an interim trade pact framework, aiming to lower tariffs and boost economic cooperation. This deal includes India reducing duties on U.S. industrial and farm goods, while the U.S. will apply reciprocal tariffs on certain Indian products, with plans for future removal. Both nations […]
India-US interim trade deal framework unveiled: $500 billion worth of goods purchase on cards
1 month ago
India-US Trade Deal: India and the United States have established a trade deal framework, significantly lowering tariffs and boosting economic cooperation. The agreement includes India’s commitment to purchase $500 billion in U.S. goods over five years, with further negotiations planned for a comprehensive bilateral trade agreement.
Indian rice export prices rose to a near one-month high this week, supported by modest demand and a rebound in the rupee, while prices in Thailand and Vietnam remained steady. India’s 5% broken parboiled rice reached $353–$359 per ton, up from last week, and white rice was at $351–$356 per ton. The rupee’s 1% appreciation […]
The United States will reduce tariffs on goods from India. The tariffs will drop to 18% from the current 50%. This change will happen after a joint statement is signed virtually, marking the first part of a broader trade agreement. Washington plans to issue an executive order to put the lower tariffs into effect a […]
Switzerland’s Rado luxury watch company sees its price advantage from a new trade deal with India largely cancelled out. The rupee’s depreciation against the Swiss franc has reduced the expected benefits. The India-European Free Trade Association deal, starting in October 2025, aims to lower import tariffs on Swiss watches. However, currency fluctuations are impacting the […]
Indian solar equipment exports to the US are set for a significant boost. Tariffs are falling, making Indian solar modules and cells more competitive. Companies are now planning to export higher-value items like battery storage systems and inverters. This move is expected to drive capacity expansion and create new opportunities in the growing US market.