India and Iran have reached a final agreement on India’s first foreign port project, Chabahar Port. The new long-term agreement will replace the original contract, valid for ten years and automatically extended. External Affairs Minister S Jaishankar is on a two-day visit to Iran, discussing establishing a long-term cooperation framework and views on the International […]
Iran says final agreement reached with India on Chabahar Port: Report
Russia’s Northern Sea Route emerges as key connectivity initiative in Indo-Pacific region
2 years ago
In 2023, cargo shipments along the Northern Sea Route (NSR) reached a record-breaking 36.254 million tons, exceeding the federal project target set by Russia’s nuclear entity, Rosatom. This achievement was noted before the year’s end, with partner companies, including NOVATEK, Gazprom Neft, LUKOIL, and Nornickel, contributing significantly.
Exporters said 95% of vessels had rerouted around the Cape of Good Hope on the southern tip of Africa, adding 4,000 to 6,000 nautical miles and 14-20 days to journeys from India since Houthi militants began attacking shipping in November.
Majority of the issues in the proposed FTA between India and the UK are either finalised or at an advanced stage of talks, according to a government official. The 14th round of negotiations is currently underway. Talks are also progressing on the proposed BIT. Meanwhile, the seventh round of talks for the proposed trade deal […]
The issues which would figure in the 13th Ministerial Conference include agriculture, food security, dispute settlement reform, e-commerce moratorium, and fisheries subsidies.
The board provides an opportunity to have regular discussions and consultations with trade and industry and advise the government on policy measures on foreign trade. It also provides a platform for state governments and Union Territories to articulate their perspective on trade policy and also for the central government to apprise them about international developments […]
The government will evaluate import data in September to decide on the existing import management system for IT hardware products. The system, implemented in October last year, requires importers to seek authorization from the government to monitor shipments of laptops and tablets. The current authorizations will be valid until September 2024, and further steps will […]
Nepal and India have agreed to strengthen their economic and commercial ties through bilateral initiatives. The India-Nepal Inter-Governmental Sub-Committee (IGSC) on Trade, Transit, and Cooperation to Combat Unauthorised Trade convened its latest session in Kathmandu. The agenda included discussions on the construction of new Integrated Check Posts and railway links, as well as the review […]
On India usually being apprehensive of allowing other countries in its government procurement, the official said: “Now, we have good manufacturing base and looking at value addition. We can continue with exemptions for micro, small and medium
In August 2023, the government imposed restrictions on certain IT hardware goods and later after domestic and foreign firms flagged their concerns, in October last year, it tweaked curbs on imports of laptops and computers and allowed importers to bring in shipments of these hardwares from overseas on a mere ‘authorisation’ upon detailing quantity and […]