India, the world’s biggest producer and consumer of pigeon peas, relies on imports during the final quarter of the year before the new crop harvest in January. Over half of India’s imports of pigeon peas are sourced from Mozambique.
India pigeon pea imports from top supplier Mozambique delayed, lifting prices
Walmart on track to meet $10b annual exports from India by 2027, says sourcing head Andrea Albright
2 years ago
Walmart is on its path to meet the company’s goal of sourcing $10 billion in goods from India annually by 2027. Indian sellers have seen double-digit growth on Walmart Marketplace since it opened this year. The company will hold a growth summit in India to further boost exports, scheduled for February 14-15, 2024.
There are reports that the deal could be sealed in December after the state assembly elections. The two sides have differences whether taxation will be included in a proposed investment protection pact, as well as the UK’s demand that tariffs be cut on electric vehicle exports to India.
The ongoing Middle East conflict, primarily affecting Gaza, has had a negligible impact on India’s trade, according to Crisil Ratings. Sectors like fertilizers and diamonds may see slight but manageable impacts, while most others will be unaffected. However, the conflict has raised gold and crude oil prices, and their trajectories are being monitored, given India’s […]
India will not accept unfair taxes on steel, aluminum industry: Goyal on EU’s carbon tax
2 years ago
“I will assure you that we are extremely concerned about CBAM…We are taking it up with the WTO very very seriously. We shall try to work and fight to get a fair deal for the Indian producers and exporters and nobody is complacent about CBAM,” he said.
SEZs should be allowed to sell goods in domestic market on payment of duty foregone on inputs: GTRI
2 years ago
Think tank Global Trade Research Initiative (GTRI) has suggested that the government of India should consider allowing the sale of products manufactured in Special Economic Zones (SEZs) in the domestic market on payment of duty foregone on inputs. This will enable promotion of value addition, the organization suggested.
The meetings, themed ‘Expanding Your Business Globally with SAIF Zone’, are scheduled to take place on November 7-8 in Chandigarh, a release said here on Sunday. he B2B (business-to-business) meetings aim to provide city-based industrialists with a deep understanding of the benefits of establishing businesses in the free trade zones of the UAE and how […]
Restrictions, PLI, mandatory quality norms help cut import of certain non-essential goods
2 years ago
Various steps such as inbound shipments of certain goods, production-linked incentive scheme and mandatory quality norms have helped in reducing import of non-essential products. To cut imports, the government has increased customs duty on gold, imposed curbs on inbound shipments of television, levied minimum import price on some goods, introduced National Food Security Mission (Oilseeds […]
FM Nirmala Sitharaman appreciates SBI for successfully launching direct Lankan-Indian Rupee trade
2 years ago
India’s Finance Minister, Nirmala Sitharaman, has praised the State Bank of India (SBI) for launching a direct Sri Lankan Rupee-Indian Rupee trade, making it the first foreign bank in Sri Lanka to do so. Sitharaman inaugurated the second SBI branch in Jaffna during her official visit to Sri Lanka. The initiative aims to provide an […]
Janet Yellen said that she along with President Biden will head Asia-Pacific Economic Cooperation (APEC) Leaders’ Week later this month in California.