It is important to create reliable and high-quality infrastructure (Chabahar Port and construction of railway to the port in Iran is very important in this regard), as well as competitive services along INSTC routes, according to Eurasian Development Bank.
Eurasian Development Bank recommends soft infrastructure measures to popularise INSTC
Q2 goods exports seen 4.2%: EXIM Bank
2 years ago
“Positive growth in India’s exports could be as a result of India’s continued strong economic activity backed by sustained momentum in manufacturing and services sector, expected global monetary easing and improving demand prospects in trading partners,” the bank said in a statement.
India and Russia eye dynamic rupee-rouble rate, vostro balance to bypass dollar trade barriers
2 years ago
The Reserve Bank of India (RBI) recently took feedback from banks and financial institutions dealing with Russian funds registered in India. Some Russian financial institutions earlier sounded out RBI on a mechanism to let them use rupees lying in special accounts in India, for investment in stocks and securities here.
India Exim Bank projected that India’s total merchandise exports could reach USD 111.7 billion in Q2 FY2025, a 4.2% y-o-y growth. Non-oil exports are anticipated to touch USD 89.8 billion, showing a 6.26% growth. The forecast highlighted economic momentum but also noted risks from geopolitical tensions and supply chain issues.
For a larger slice of global pie, India seeks anchor role to turn local shipbuilding tide
2 years ago
The government intended to propose a new shipbuilding policy to the cabinet, featuring a recycling credit note scheme and fixed subsidies over 10 years. The policy aimed to enhance the Indian shipbuilding sector by linking recycling benefits with domestic ship construction. The plan included creating maritime clusters in Andhra Pradesh, Gujarat, and Odisha.
India’s lab-grown diamond industry has been struggling due to a 65% price drop over the past year caused by overproduction and high imports. GTRI suggests implementing quality regulations and investing in research to improve production processes and enhance the product’s quality. The financial strain on manufacturers is also a significant concern.
Saugata Roy (TMC) opposed the introduction of the bill saying that the Indian Carriage of Goods by Sea Act, 1925, has been serving its purpose for the past 100 years and The Carriage of Goods by Sea Bill, 2024, only has some minor amendments. “This superfluous legislation should be done away with, it does not […]
The Carriage of Goods by Sea Bill, 2024, and the Bills of Lading Bill, 2024, were introduced in the Lok Sabha to modernize maritime cargo laws and bills of lading handling. The bills aim to align Indian regulations with international standards and ensure uniformity. Key changes include updated legal frameworks and transferring rights and liabilities […]
The Indian toy export market saw a decline from USD 177 million in 2021-22 to USD 152 million in 2023-24, driven by reduced global demand, said Minister of State for Commerce and Industry Jitin Prasada in a written reply to the Rajya Sabha. Major markets like the USA, UK, and Germany also experienced a drop […]
Germany’s new Low Emission Steel Standard (LESS) may add to the difficulties faced by India’s steel industry. Categorizing steel by emission levels, LESS could damage exports and create negative perceptions. GTRI advised Indian firms to adopt low-carbon technologies and obtain LESS certification to improve sustainability and market access.