Union Minister Sarbananda Sonowal highlighted the rapid modernization of India’s inland waterways, especially in the Northeast, unlocking economic opportunities and strengthening petroleum supply chains. This development is crucial for cross-border trade with Bangladesh and Southeast Asia, positioning the region as a vital energy transportation backbone.
Revamped inland waterways to power Northeast’s growth, boost petroleum exports: Union minister Sarbananda Sonowal
“As of early 2025, India-based RN Ship Management Pvt Ltd, led by Indian nationals Zair Husain Iqbal Husain Sayed and Zulfikar Hussain Rizvi Sayed, served as the operator of multiple vessels used by Sepehr Energy Jahan to ship Iranian oil, including the sanctioned vessel SOBAR,” the US Treasury said.
India and the UAE held discussions on market access, data sharing, gold import quotas, and anti-dumping as part of the Joint Committee meeting under their CEPA. Both nations reviewed progress and explored ways to boost economic ties, including enhancing regulatory cooperation and signing MoUs on food safety.
India’s services exports are providing a crucial buffer against merchandise trade volatility, growing by 9.7% year-on-year to reach $237.6 billion in April-October FY26. This robust performance has generated a net services surplus of $118.7 billion, helping to offset the overall trade deficit. Total exports saw a 4.8% YoY growth during the period.
Govt may give 2.5-3 pc subsidy benefits under Interest Equalisation Scheme for exporters
2 weeks ago
The government is set to offer exporters in specific sectors a 2.5-3% subsidy on pre- and post-shipment credit through the Interest Equalisation Scheme. This initiative, part of a Rs 25,060 crore Export Promotion Mission, aims to make Indian export credit more competitive globally. The annual benefit for each exporter will be capped at Rs 50 […]
India’s auto and pharma sectors are concerned as Mexico plans to more than double tariffs on countries that is doesn’t have FTAs. This move could significantly impact India’s $887 million auto exports to Mexico, its third-largest destination, and also affect pharmaceutical companies preparing to expand their presence.
India and Russia are set to boost cross-border payments. Negotiations are underway to recognize each other’s payment systems, MIR and RuPay. Instant payment systems SBP and UPI may also integrate. This move aims to ease travel and business transactions for both nations. Discussions will feature at the upcoming annual summit. Increased settlements in national currencies […]
DHL Group plans 1 billion euro investment across its businesses in India by 2030: CEO Tobias Meyer
4 weeks ago
Global logistics leader DHL Group is investing 1 billion euros in India by 2030. The investment will expand reliable and sustainable logistics solutions. It spans vital sectors like life sciences, healthcare, new energy, e-commerce, and digitalisation.
India has requested Russia to speed up the listing of its establishments and registration of marine and pharma products. This move aims to significantly increase bilateral trade between the two nations. Both countries are working towards a target of $100 billion in trade by 2030. Discussions also covered cooperation in various sectors and exploring payment […]
India and Nepal have signed a deal for direct rail cargo connectivity via the Jogbani-Biratnagar link. This agreement facilitates the movement of containerized and bulk cargo from Indian ports to Nepal, enhancing trade routes and strengthening economic ties. The pact, exchanged during a bilateral meeting, is set to boost multi-modal trade and consolidate commercial linkages […]