India has approved a 101 billion rupee ($1.2 billion) initiative to double edible oil production within seven years, aiming to reduce reliance on imports. The program will boost oilseed productivity using high-yield varieties and advanced technologies, targeting a production increase from 12.7 to 25.45 million metric tons by 2030-31.
India aims to double edible oil output to trim reliance on imports
Indian manufacturing has seen slow growth under Modi’s ‘Make in India’ policy. The focus on reducing imports rather than boosting exports has led to stagnation. Export-driven sectors like mobile phones thrive, but others lag due to protectionist measures. The government needs to shift priorities to enhance productivity and global competitiveness through better logistics and public-private […]
The ongoing strike at 14 major ports in the US is causing significant delays in unloading and processing shipments from India. This impacts goods like textiles, pharmaceuticals, and auto parts. The strike could lead to higher costs and longer transit times for Indian exporters who are already facing challenges. The backlog is expected to increase […]
LDB has tracked over 75 million EXIM containers, signifying the impact of digitalization on India’s logistics. Created by NLDS, it offers container visibility across various logistics nodes. This initiative has improved India’s LPI ranking and receives over 45 lakh searches monthly, indicating its effectiveness.
India has significant potential to become a hub for green shipbuilding, an expert said. The government is focusing on alternative fuels and renewable energy. Investments and technology transfer from Japanese and Korean shipyards are encouraged. The aim is to upgrade shipyards and port infrastructure. India aims to be among the top shipbuilding nations by 2030 […]
The EU has proposed extending its Deforestation Regulation implementation by a year to December 2025 due to pushback from countries including India. This provides relief to $1.3 billion in Indian exports such as leather, coffee, and wooden furniture, allowing more time for compliance with the stringent requirements.
Not just CCTVs, Indian security checks may soon be expanded to cover many other items from China
2 years ago
The Indian government is planning to extend its ‘trusted source’ mandate to tech devices like smart meters, parking sensors, drone parts, and laptops to tackle concerns over Chinese imports. This move aims to ensure a secure supply chain amid fears of data vulnerabilities. Import monitoring for laptops and computers has already been updated.
“MIP on synthetic knitted fabrics is extended from September 15 to December 31,” the Directorate General of Foreign Trade (DGFT) said in a notification. The MIP was also extended for eight new kinds of knitted fabrics including printed, bleached, unbleached and crocheted fabrics.
India announces policy conditions for halal meat exports starting October 16. Only meat processed in facilities certified under the ‘India Conformity Assessment Scheme (I-CAS) – Halal’ will be allowed to 15 countries, including UAE, Saudi Arabia, and Bangladesh, ensuring compliance with halal certification requirements.
Commerce Minister Piyush Goyal invited American companies to invest in India’s electronics, data infrastructure, and logistics sectors during his US visit. He met with Blackstone, Amneal Pharmaceuticals, KKR, Warburg Pincus, and BlackRock to discuss collaborations in advanced manufacturing, pharmaceuticals, and AI. Goyal highlighted India’s potential in high-tech production and the Make in India initiative.