Special Economic Zone developers and units are seeking exemptions from quality control orders, minimum import price, and port restrictions to facilitate imports. They also requested policy amendments for Free Trade Warehousing Zones to import new vehicles and greater flexibility for domestic sales and reverse job work to utilize unutilized capacities.
SEZ units seek QCO relief, local sale flexibility
The government has exempted specific steel imports, including square tins for ghee, edible oils, structural steel tubes, and stainless steel utensils, from quality control orders. This exemption applies to products shipped by October 31st, offering relief to industry users who depend on these imports.
British Prime Minister Keir Starmer is in India to promote Scotch whisky sales. A new trade deal is expected to significantly boost exports. This agreement will lower import tariffs on Scottish products. The deal aims to increase trade and create jobs in the UK. It is seen as a major opportunity for Scotland’s economy and […]
India to lower linen imports, future potential of milkweed, ramie, flax: Textiles minister
2 weeks ago
Textiles minister Giriraj Singh announced India’s plan to reduce linen fibre imports and begin exporting it, emphasizing the growing demand for blended fibers while asserting cotton’s enduring relevance.
India and Brazil held their 7th Trade Monitoring Mechanism meeting, discussing bilateral trade and investment. The leaders aim to boost trade to $20 billion in five years, with current merchandise trade at $12.19 billion. Sectoral collaborations and market access were also key discussion points.
India’s Unified Payments Interface (UPI) has officially expanded to Qatar, offering a convenient payment solution for the large Indian expatriate community and travelers. This rollout allows UPI payments across all retail shops, not just select duty-free outlets. The move aims to facilitate faster remittances and reduce transaction costs for the 830,000 Indian expatriates in Qatar.
Indian exporter secures interim Bangladesh government’s first 50,000 ton rice import tender
2 weeks ago
An Indian firm, Bagadiya Brothers Pvt Ltd, has won a significant international rice import tender from Bangladesh. The company will supply 50,000 tonnes of rice. This marks the first such tender awarded directly by Bangladesh’s interim government. More tenders are expected, benefiting Indian rice exporters, especially from West Bengal. This development boosts demand and prices […]
Union Minister Piyush Goyal co-chaired the India-Qatar Joint Commission on Economic and Commercial Cooperation in Doha, focusing on strengthening bilateral trade and investment. Discussions included addressing trade barriers, exploring new cooperation areas, and boosting India’s exports to Qatar, aiming to double bilateral trade by 2030.
India–EFTA TEPA explained: Growth, investment, and affordable European products for Indian consumers
2 weeks ago
India’s historic TEPA with EFTA, effective October 2025, marks a new economic partnership with developed European nations. It secures a USD 100 billion investment pledge, creating one million jobs, while offering significant market access for Indian exports and making premium European goods more affordable for consumers, aiming to rebalance trade.
India and Qatar are poised to finalize a Free Trade Agreement by mid-2026, aiming to double bilateral trade to $30 billion by 2030. Discussions are accelerating negotiations, with Qatar’s $10 billion investment commitment in India showing significant progress. Both nations are exploring enhanced cooperation across various sectors, strengthening a key strategic partnership.