India has authorized an extra 10,000 tonnes of onion exports to the UAE through the National Cooperative Exports Ltd (NCEL), as stated in a notification by the Directorate General of Foreign Trade (DGFT). The government had previously allowed shipments of 14,400 tonnes to the emirates while extending the ban on onion exports until further notice, […]
India allows additional 10,000 tonne of onion exports to UAE
The Indian government clarified on Wednesday that there will be no duty on exports of Kala Namak rice, a premium brand, with a restriction of 1,000 metric tonnes. Previously, there was a 20% duty on exports of this rice variety. The government permitted exports of Kala Namak rice up to 1,000 metric tonnes through specified […]
The Indian government has permitted the export of Kala Namak rice, a premium non-basmati variety from Uttar Pradesh, up to a total quantity of 1,000 metric tonnes. This marks a significant change as exports of this rice were previously prohibited. The certification authority for Kala Namak rice and its quantity will be the Director of […]
India’s sunflower oil imports surged by 51% in March, hitting the second-highest level on record, driven by lower prices prompting refiners to increase purchases and reduce buying of palm oil. This shift could cap the rally in palm oil futures, while higher sunflower oil imports are expected to reduce Black Sea region inventories.
India’s External Affairs Minister, S Jaishankar, has highlighted the government’s concern over the ban on Russian-origin unpolished diamonds by the EU and G7 nations, which could adversely affect the domestic diamond polishing industry, particularly in Surat, Gujarat. Jaishankar emphasized efforts to delay, soften, or prevent the ban altogether, considering it a priority issue.
India’s imports from China saw a 3% decline in calendar year 2023 compared to 2022, according to the commerce and industry ministry. Meanwhile, exports to both China and the EU increased by 7.1% and 2.1%, respectively, during the same period. This announcement follows a recent report by the United Nations Conference on Trade and Development […]
India investigates ‘Insoluble Sulphur’ dumping from China and Japan, potentially leading to anti-dumping duties. The process aims for fair trade practices under WTO regulations, protecting domestic industries from cheap imports.
In March, India’s imports of Russian oil increased by over 7% compared to February, as refiners opted for cheaper options amidst geopolitical tensions. Despite ongoing sanctions, Russia remained India’s top oil supplier, followed by Iraq and Saudi Arabia. India reduced monthly purchases from Saudi Arabia while increasing those from Iraq.
In 2022-23, processed food exports from India amounted to $10.6 billion, increasing at 22.4% compound annual growth rate in five years while the overall agricultural and food exports were around $53 billion, growing 6% year-on-year. India aims to increase agricultural exports to $100 billion by 2029-30 from around $53 billion now.
India-Uzbekistan strategic partnership thrives on mutual respect and shared values. The countries collaborate across various sectors like trade, investment, tourism, energy, and culture, contributing to stability and development in Central and South Asia.