Indian automobile and consumer goods companies witnessed growth in exports. Overseas sales increased for companies like Maruti Suzuki, Bajaj Auto and ITC. The Society of Indian Automobile Manufacturers reported a 12% rise in passenger vehicle exports. Industry leaders are optimistic about the future of exports. Some companies are expanding manufacturing capacity to meet growing global […]
Rising exports keep companies upbeat amid local lull
Trump’s ‘America First’ agenda may lead to higher tariffs on Indian auto, textiles, pharma: Experts
2 years ago
Indian exporters may face higher tariffs on goods like textiles and pharmaceuticals as Donald Trump’s ‘America First’ agenda prioritizes protectionist measures. While this could negatively impact key Indian exports, a tougher stance on China might open new opportunities.
The Jawaharlal Nehru Port Authority (JNPA) reported an 11.86% year-on-year increase in container traffic, reaching 6,14,651 TEUs in October. This growth was driven by a surge in container rakes and overall cargo handling. Over the past seven months, total container traffic at JNPA surged by 13.12%, while total cargo rose by 5.6%.
India’s stakes in the US elections are high, particularly in trade, technology, energy, and defence. If Donald Trump wins, US-India relations could shift as Trump seeks to enhance ties, despite past trade tensions. While his “America First” policy could challenge trade dynamics, it may open new opportunities, particularly under the “China Plus One” strategy, benefiting […]
India-US relations are expected to remain strong. Trade and investment between the two countries have been increasing. The US is a major source of tourists and foreign direct investment for India. Key Indian exports to the US include electrical machinery, precious stones, and pharmaceuticals. India imports mineral fuels, precious metals, and machinery from the US.
Bangladesh received a lowest offer of $477 per tonne for 50,000 tonnes of rice from India in a tender aimed at securing supplies after devastating floods. While the offer is under consideration, the government plans to import a total of 500,000 tonnes and allow private imports to combat soaring food prices.
India aims to reform its free trade strategy, targeting deals with the UK and the EU while addressing past issues. Current trade negotiations are criticized for being outdated and overly defensive. A new approach could enhance India’s access to strategic supply chains and modern trade practices, possibly empowering negotiators to achieve more effective agreements.
India rises as global player in petroleum, gemstone, sugar exports with surging market share in 5 yrs
2 years ago
India’s export competitiveness has seen significant gains in multiple sectors over the past five years. Key sectors such as petroleum, gemstones, agrochemicals, and sugar have notably increased their share in global trade, with India becoming a leading exporter in several of these categories, according to commerce ministry data.
What does Kemi Badenoch replacing Rishi Sunak as new UK’s Conservative Party chief mean for India
2 years ago
Kemi Badenoch becomes the first Black woman to lead Britain’s Conservative Party, succeeding Rishi Sunak as Leader of Opposition. Her victory signals a shift to the right for the party, with likely tougher stances on immigration and climate measures. Badenoch’s tenure and future PM run may affect UK-India relations, especially concerning immigration policies and FTAs.
Paradip Port to be fully mechanised by 2030
2 years ago
Paradip Port aims to become fully mechanised by 2030 by developing three new berths and mechanising four existing ones. It will also establish a special green hydrogen berth. The port plans to boost its handling capacity from 289 MTPA to 400 MTPA by 2030, with further expansion to 500 MTPA by 2047.