India-EFTA trade pact marks two years

The India-EFTA trade agreement has completed two years. This pact is boosting cooperation in trade, investment, services, and technology. It provides Indian exporters access to high-income markets. The agreement aims to attract significant investment and enhance manufacturing capabilities in India. This partnership supports India’s export ambitions and its vision for a developed nation.

India is closely monitoring US tariff changes and maintaining dialogue with the US government. The nation has offered carefully considered tariff reductions on certain agricultural goods. These concessions are designed to meet demand without harming domestic farmers. India’s trade with Bangladesh is also expected to remain strong due to existing advantages.

The Indian government is exploring new insurance schemes to aid exporters impacted by the West Asia crisis. An inter-ministerial group is actively monitoring the situation and consulting with the Export Credit Guarantee Corporation. Shipping lines are advised against opportunistic pricing. Guidelines are being issued for returning export cargo.

India is set to become a top exporter of agricultural and processed food. Commerce Minister Piyush Goyal highlighted strong export growth in recent years. New free trade agreements with countries like Canada and the GCC are creating significant opportunities. Reduced trade barriers are expected to boost investment and trade in the agro-food sector, benefiting both […]

India is supplying diesel to Bangladesh through the India-Bangladesh Friendship Pipeline. This regular energy trade aims to alleviate Bangladesh’s severe fuel shortage. The consignment is expected to ease pressure on power generation and transport. Bangladesh imports most of its fuel from West Asia. This delivery supports ongoing bilateral energy cooperation.

The realm of Indian micro, small, and medium enterprises is brimming with potential. Union Minister Jitin Prasada points out that the convergence of free trade agreements and a flourishing domestic market is creating new opportunities. With trade pacts now reaching 65% of the developed nations, an expansive global market is available for India’s high-quality products.

At a recent business summit, India’s Commerce Minister Piyush Goyal passionately invited companies to explore the vast opportunities presented by free trade agreements. He pointed out that around two-thirds of the world’s trade market is now within reach for Indian enterprises. The government’s commitment to innovation and streamlined intellectual property processes is palpable.

India’s recent free trade agreements are set to boost the domestic pharma and healthcare industries. Commerce Minister Piyush Goyal highlighted the vast business potential these pacts unlock. Agreements with Mauritius, Australia, UAE, and EFTA are already active. Negotiations with GCC and Eurasia are progressing well.

Assam government has released Rs 94.70 crores to 486 tea gardens under the ATISIS scheme. This initiative aims to boost orthodox and specialty tea production and ensure financial stability. The scheme offers interest subvention, production subsidies, and tax holidays. However, the ongoing Iran-Israel-US conflict poses a significant threat to Indian tea exports, particularly to the […]

India’s shrimp exports are projected to surpass Rs 50,000 crore this fiscal, marking a 13-15% increase after three years of stagnation. This growth is driven by diversification into new markets, offsetting steep US tariffs. Operating margins are expected to remain stable, with credit profiles staying strong due to low debt.