Sona Comstar CEO urges government to engage China on rare earth magnet export controls

Sona Comstar’s CEO, Vivek Vikram Singh, is urging government intervention to address rare earth metal supply constraints from China, impacting auto component production. The company faced production losses and is using less efficient alternatives. Singh also lauded recent GST rate cuts as a boost for the industry and emphasized the importance of the India-EU FTA […]

India and the European Union are actively pursuing a comprehensive free trade agreement, aiming to finalize negotiations by the end of December. Both sides are engaged in intensive discussions to create a balanced and mutually beneficial partnership that encourages innovation and strengthens supply chains.

The EU and India are negotiating a trade agreement. This agreement aims to boost trade by removing tariffs on auto parts. Maros Sefcovic says this will help both economies. The deal could bring new technology to India. It may also help develop better combustion engines and electric vehicles. Both sides want to finalise the deal […]

Sergio Gor, US ambassador-designate to India, told the Senate that trade discussions with India are progressing. He highlighted India’s strategic importance to the US. Gor pledged to strengthen ties in security, trade, and shared values. Secretary Rubio emphasized India’s central role in the Indo-Pacific. Howard Lutnick criticized India’s purchase of Russian oil during an interview.

Indian exporters met Reserve Bank of India governor Sanjay Malhotra. They requested loan repayment moratoriums and interest subvention schemes. A dedicated export credit sub-target under priority sector lending was also requested. The Federation of Indian Export Organisations highlighted challenges from reduced orders and longer payment cycles. The US imposed tariffs on Indian goods, impacting various […]

FIEO urged the RBI to address challenges faced by exporters, including rising tariffs and demand volatility. They requested flexible credit solutions, extended credit periods, and a moratorium on loan repayments. FIEO also proposed a government-backed credit scheme for SMEs and a dedicated export credit target within priority sector lending to improve financial access and global […]

A senior government official stated that the proposed trade pact with the EU presents significant opportunities for the Indian auto industry to increase exports and establish partnerships with major European automobile manufacturers. The agreement aims to balance market access while safeguarding domestic sectors, with gradual opening over 5-15 years.

Sergio Gor, President Trump’s nominee for U.S. ambassador to India, stated during his Senate confirmation hearing that the United States and India are close to reaching an agreement on tariffs. Gor, a close aide to Trump, expressed optimism about resolving the tariff issue between the two nations. He is currently the director of the White […]

India and the US are natural partners, Modi said on Wednesday in response to Trump’s conciliatory post, in which he described the Prime Minister as a “dear friend,” and suggested fresh momentum in stalled trade negotiations. “India and the US are close friends,” Modi wrote on X. “I am confident our trade negotiations will pave […]

India and the EU are engaged in advanced FTA negotiations, addressing stringent standards and non-tariff barriers impacting Indian exports. The EU seeks greater certainty in financial services and shipping. India prioritizes duty-free access, simpler procedures, and easier compliance, while both sides navigate challenges like the Carbon Border Adjustment Mechanism. An India-EFTA agreement is expected by […]