GeM to open doors for global bidders

Government e-Market (GeM) will introduce a global tender enquiry feature this year to boost competition, aligning with India’s opening of public procurement under FTAs like those with the UAE and the UK. This addition will enable ministries to access a broader range of international vendors. GeM, which recorded ₹5.

Commerce and Industry Minister Piyush Goyal announced India is actively negotiating trade agreements with countries like the US, Oman, and the EU, confident that exports will surpass last year’s figures. Despite US tariffs, India sees opportunities in restructuring trade routes and remains optimistic about its economic growth, contributing significantly to global expansion.

US President Donald Trump has ruled out any trade negotiations with India following his administration’s move to double tariffs on Indian imports to 50 percent. The White House cited India’s continued purchase of Russian oil as the trigger. Prime Minister Narendra Modi responded by stating that India will not compromise on the interests of its […]

India is reassessing its market access offer to the US ahead of trade talks later this month, despite the US doubling tariffs. While agriculture and dairy remain non-negotiable, other sectors are under review. India is also working on a three-pronged relief plan for exporters, including support schemes and goods diversion, to soften the impact of […]

A day after the US announced steep new tariffs on Indian goods, Prime Minister Narendra Modi reaffirmed his government’s commitment to protecting the interests of farmers, livestock rearers, and fisherfolk, saying their welfare remains the top priority. Speaking at a conference, he ruled out any compromise, even if it comes at a political cost, amid […]

Exporters across India faced late-night calls from US buyers cancelling or pausing orders after President Trump doubled tariffs on Indian goods to 50%. Apparel, seafood, gems and jewellery sectors are hit hardest. Buyers refuse to absorb the added costs, forcing some orders to shift to lower-tariff countries. Exporters warn of job losses and production halts […]

Indian consumer goods companies like Amul, ITC, Parle, and Godrej Consumer Products are exploring alternative manufacturing bases outside India—including third countries or even the US—to manage rising tariff-related risks. Amul, already producing milk in the US, plans to expand to paneer, butter, and cheese to avoid high duties.

President Trump’s trade actions against India, stemming from trade imbalances and Russian oil purchases, threaten to undermine decades of diplomatic progress. These measures, including tariffs and criticism, have strained relations, pushing India to reassess its partnerships. India faces pressure to balance its relationship with the U.S. while exploring ties with Russia and China, navigating a […]

India strongly opposed US President Donald Trump’s decision to impose a 25% tariff. India called the move unfair and unjustified. The tariff, totaling 50%, impacts Indian goods. India stated it will take necessary actions to safeguard its interests. The US cited India’s oil imports from Russia as the reason. India defended its energy security decisions.

Despite President Trump’s accusations of India being a ‘tariff king’ and the recent imposition of additional duties on Indian goods, data reveals a different story. India has been consistently reducing both tariff and non-tariff barriers. Interestingly, the targeted tariff cuts implemented by India in January are expected to benefit the United States the most, undermining […]