Basmati export floor price may be lowered to counter Pakistan move

India will lower the basmati floor price to $850 a metric ton, down from $1,200 a ton, to help millers and traders ship out the rice grade, said the sources, who didn’t wish to be identified as they are not authorised to talk to media. Last month, India fixed the floor price, or the minimum […]

A report by the Global Trade Research Initiative (GTRI) suggests that steps such as improving trade infrastructure and setting up a national trade network could help Indian firms integrate with global value chains, potentially adding $1.2 trillion to the country’s foreign trade by 2030. Currently, India’s limited participation in global value chains hampers its export […]

India has launched an investigation into allegations of Chinese firms dumping flasks and bottles in the country, following a complaint from a domestic player. The probe by the Directorate General of Trade Remedies aims to protect Indian businesses from cheap imports of stainless steel vessels. If it is found that dumping has caused harm to […]

According to a September 24 ToI report, though, the Indian government so far is “comfortable” as far as the import of this item is concerned. Nearly lakh tonnes of it have arrived at Indian ports amid the ongoing diplomatic tiff, ToI said citing officials.

According to three separate notifications, the DGTR said that it is probing alleged dumping of telescopic channel drawer, unframed glass mirror and fasteners.

DP World, a Dubai-based logistics company, plans to invest over Rs 600 crore to expand its free trade zones (FTZ) in India. The company is looking to collaborate with major electronics and tech companies to export and import from its facilities as these companies seek to enhance their manufacturing presence in India. DP World already […]

The precise route map of the corridor will be figured out when the stakeholders meet in the next two months. But a Memorandum of Understanding (MoU) unveiled on the sidelines of the G20 leaders’ meeting shed light on its broader contours — a transit through India, the United Arab Emirates (UAE), Saudi Arabia, Jordan, Israel, […]

“Certainly, massive new investment in infra, energy, transport and communications can, and will, help boost trade even further. But this is a proposed stimulus to something that already exists. The Middle East is already home to a large Indian diaspora, and there are very close trade ties already; the same with Europe,” Frankopan said.

The export goods include pharmaceuticals, gems and jewellery, textiles, and machinery, while imports (USD 4.06 billion) include pulses, timber, pulp and paper, and mining products.

“There has been a lot of momentum in the talks that were taking place on the new trade deal. And for that to be suspended, probably for a significant period of time, I just see that as a blow to both of these countries.”