Under the Market Access Initiatives (MAI) Scheme, startups and new exporters have been made eligible for airfare reimbursement to participate in overseas events while the ceiling for this incentive for existing exporters has been raised 20%.
Startups to get airfare support for export promotion
Gautam Adani meets Sri Lankan President Wickremesinghe, discusses Colombo port, other projects
3 years ago
Adani Group Chairman Gautam Adani held a meeting with visiting Sri Lankan President Ranil Wickremesinghe to discuss multiple projects in the island nation. The discussions included the development of the Colombo Port West Container Terminal (WCT), the industrialist said.
India has removed retaliatory customs duties on eight US products. Among these were almonds, walnuts, and chickpeas as the country looks to resolve its trade disputes with the US. Retaliatory charges had been imposed on 28 US products in response to America’s decision to levy extra import taxes on certain steel and aluminium products. The […]
No loss to India due to removal of retaliatory customs duties on eight US products: Minister
3 years ago
India has agreed to remove retaliatory customs duties it imposed on eight US products including apples and lentils. The duties were imposed by India in retaliation to the US raising import duty on steel and aluminum. Indian Minister of State for Commerce and Industry Anupriya Patel said in a written reply to the Rajya Sabha […]
Around 200,000 tons of rice is being loaded at various Indian ports, and this quantity would be allowed to move out, said B.V. Krishna Rao, president of the Rice Exporters Association. But the government should also allow exporters with valid LCs to ship out their cargoes, Rao said.
Russia is not ruling out introducing quotas on the export of oil products to stabilise gasoline prices, Russian Deputy Prime Minister Alexander Novak said. He added that some refineries had postponed planned maintenance to a later date to meet rising demand.
Britain began free trade talks with India in January last year as it looks to establish its credentials as an independent trading nation after leaving the European Union and is seeking an Indo-Pacific tilt to its foreign policy.
Myanmar is hoping its India-built Sittwe Port will be a game changer in regional connectivity and boost its trade with India. The port, which is part of Kaladan multi-modal transit transport project, was opened on May 9. The project seeks to provide an alternative route for connectivity from India’s eastern coast to the north-eastern states […]
India, Germany to strengthen bilateral ties, increase investments: German Vice Chancellor
3 years ago
India and Germany are looking to strengthen bilateral cooperation and increase investments and collaboration, according to Robert Habeck, Germany’s Vice Chancellor and Minister of Economic Affairs and Climate Action. While China remains Germany’s biggest trading partner, there is concern about being too reliant on a single market, and Habeck said de-risking and diversification is important. […]
The Centre has prohibited the export of non-basmati rice to curb price rise in the domestic market, the food department said in a statement. Retail prices of non-basmati rice have increased 3% in the past one month and 11.5% in the past year despite the imposition of 20% export duty since September 2022 to lower […]