India and the UK have forged a strategic partnership at India Mobile Congress 2025, pledging £24 million over four years to drive digital connectivity innovation. The India-UK Connectivity and Innovation Centre (CIC) will foster collaboration between researchers, innovators, and businesses, focusing on telecommunications, cybersecurity, and AI’s role in transforming the sector.
India, UK sign pact to set up joint innovation centre for telecom, commit Rs 282 cr
The Union Cabinet will soon discuss a new Export Promotion Mission. This mission aims to strengthen India’s export sector. It will provide targeted financial and market support. The focus is on MSMEs and labour-intensive industries. The mission will help exporters gain a competitive edge globally. It addresses both financial and non-financial challenges faced by exporters.
Indian steel exporters face significant challenges from upcoming European Union tariffs and reduced duty-free import quotas. These measures threaten to make Indian steel uncompetitive in the EU market. Industry representatives are urging that the India-EU free trade agreement negotiations prioritize addressing these steel-related concerns.
Govt makes import registration mandatory for certain products used in renewable energy projects
5 months ago
The government has mandated registration on a renewable energy equipment import monitoring system for importers of solar and wind energy components, effective November 1. This applies to items like photovoltaic cells and wind turbine parts. Separately, imports of Sulfadiazine API below Rs 1,774 per kg are restricted until September 30, 2026, with exemptions for certain […]
Tatarstan aims to boost economic ties with India, positioning itself as a gateway to the Russian market for Indian businesses. The region seeks to increase exports of its products while inviting Indian investment in sectors like IT and pharmaceuticals. India’s opening of a consulate in Kazan underscores the growing bilateral cooperation and potential for expanded […]
India’s trade reliance on the US grew slightly. Global trade remains strong, driven by developing nations, even with US policy changes. Electronics and electric vehicles are boosting trade. While global trade is projected to hit new records, ongoing geopolitical tensions and US policy uncertainty pose risks to the outlook.
Prime Minister Narendra Modi announced that India and the UK are set to exceed their $112 billion bilateral trade target before 2030. Speaking at the India-UK CEO Forum, Modi highlighted the newly signed trade pact as a vision for shared progress and prosperity, reflecting growing economic convergence between the two nations.
Britain welcomes 64 Indian investment projects totaling 1.3 billion pounds. These deals, announced during PM Keir Starmer’s Mumbai visit, will create 6,900 new jobs across the UK. Investments span electric vehicles, semiconductors, agri-tech, and AI. The UK-India trade deal is already boosting investor confidence and unlocking growth. This collaboration marks a new era for bilateral […]
India will not compromise national interests amidst global volatility, prioritizing food security through self-reliance, Agriculture Minister Shivraj Singh Chouhan stated. He emphasized strengthening the crucial agriculture sector, aiming for self-sufficiency in pulses and edible oils, while leveraging genome editing for better seeds and promoting mechanization for a developed India.
China demands assurances from India regarding heavy rare earth magnets. These critical components will only be shipped if India guarantees they will not be sent to the US. Indian firms have provided end-user certificates. China controls a vast majority of global production and seeks leverage in trade talks. This situation impacts India’s electric vehicle and […]