Commerce Secretary Sunil Barthwal emphasised the need for strengthening the multilateral trading system with the WTO, the Ministry of Commerce and Industry said in an official release on Sunday.
Need to find solution for long-pending mandated issues of WTO: Commerce Secretary
REC Ltd looking at financing overseas projects, submitted application for subsidiary at GIFT City
2 years ago
REC Limited, a ‘Maharatna’ company under the Ministry of Power, has applied to open a subsidiary in Gujarat’s GIFT City to begin financing offshore projects. CMD Vivek Kumar Dewangan announced plans to start offshore financing this financial year. REC reported a 19% increase in revenue to Rs 13,023 crore and a 16% rise in net […]
G20 Sherpa Amitabh Kant has urged for a long-term predictability and consistency policy for the sugar sector, which he believes is crucial for India’s development as a developed economy by 2047. The sector contributes 1.1% to India’s GDP and plays a key role in reducing crude import bills, energy transition, circular economy, and achieving net […]
Since the UAE-India CEPA began in 2022, trade between the two nations grew by 16.41% from $72.87 billion to $84.84 billion. This cooperation boosted sectors like startups, food security, and renewable energy investments. Minister Al Marri highlighted the growth in sectors like gems, pharmaceuticals, and green energy. Approximately 11,000 new Indian companies registered in the […]
India’s first integrated agri-export facility to come up at Jawaharlal Nehru Port, Mumbai
2 years ago
The Union Minister for Ports, Shipping, and Waterways, Sarbananda Sonowal, approved a significant project for the Jawaharlal Nehru Port Authority (JNPA) valued at Rs. 284.19 crore. This project aims to develop an Export-Import cum Domestic Agricultural Commodity-Based Processing and Storage Facility at JNPA, to be executed on a Public-Private Partnership (PPP) model.
Ministry of Ports, Shipping and Waterways has received 29 new proposals worth Rs 3,300 crore from Andhra Pradesh covering various projects, including port development and coastal berths, Parliament was informed on Friday. These projects include Ro-Pax and passenger jetties, fishing harbours, port modernisation, and skill development. The ministry has already sanctioned Rs 450 crore for […]
The global shipping industry faced significant challenges, with spot freight rates increasing by around 105% in three months. Companies like Bajaj Auto and CEAT experienced disruptions similar to the pandemic era, highlighting severe container shortages affecting various sectors, including agriculture and automotive.
India’s trade deficit with China grew at a slower pace from 2014-15 to 2023-24 compared to the previous decade, highlighting government efforts to control excessive imports. Exports to China stood at $16.65 billion, with imports at $101.75 billion. Minister Piyush Goyal noted improved electronic components and mobile phone import reduction due to government’s initiatives.
India and UK launch tech initiative as new British foreign minister makes his first official visit
2 years ago
India and the United Kingdom launched a new technology security initiative during the British foreign secretary’s first official visit to India, aiming to enhance economic growth and collaboration. The agreement involves cooperation on critical technologies like AI and telecoms, as well as strengthening ties in areas such as climate, trade, and education. Discussions also focused […]