Centre prioritising eastern India’s export growth: Dharmendra Pradhan

“We have initiated long-term policy reforms, particularly in the mineral sector, which have already begun benefiting the eastern states,” Pradhan said.

Egypt has positioned itself as a significant gateway for Indian enterprises looking to expand in Africa, the Arab World, and Southern Europe. With Egypt’s recent entry into BRICS, business collaborations between Egypt and India are expected to strengthen. Indian companies are increasingly investing in sectors such as chemicals, textiles, renewable energy, and ICT in Egypt.

India is upgrading ports to bolster its manufacturing and exports. Efforts include expanding the Jawaharlal Nehru Port and constructing a new deep-water port in Vadhvan. These enhancements aim to cut trade costs and speed up delivery times, appealing to global companies looking to diversify manufacturing away from China.

Indian exporters are worried about the Monkeypox outbreak in Africa, a key trading partner. Although the situation is currently under control, they fear possible disruptions. The WHO has renewed its declaration of the virus as a public health emergency. India and Africa aim to expand their bilateral trade to USD 200 billion by 2030.

India and Australia have begun a new round of negotiations in Sydney to advance their comprehensive free trade agreement. These talks aim to finalize several chapters of the pact, which builds upon the Economic Cooperation and Trade Agreement implemented in December 2022. Discussions include duty-free access and deeper engagement in key sectors like goods and […]

The ministry has moved a note for the approval of the Expenditure Finance Committee (EFC) to extend to the Interest Equalisation scheme by five years, which is available for small businesses and products falling under 401 tariff codes, till August 31. The total outlay of the scheme is capped at Rs 750 crore.

India raised objections to the EU’s carbon tax, claiming it undermines fair global trade principles. Commerce Secretary Sunil Barthwal stressed that the Global South faces challenges in balancing sustainable development and responding to measures like the EU’s carbon border adjustment mechanism (CBAM), effective from 2026. Barthwal advocated for increased cooperation on food security, and better […]

India’s electronic goods exports surged by 37.31 per cent in July, reaching USD 2.8 billion, reflecting growing global demand. From April to July 2024, electronic goods exports totaled USD 11.24 billion. Meat, dairy, and poultry exports also saw a substantial increase of 56.18 per cent. India’s total exports in July were USD 62.42 billion, up […]

Global Trade Research Initiative proposed changes to the India-UAE partnership to address potential misuse and revenue loss. They recommended removing duty concessions on precious metals and altering rules of origin norms. The suggestions aim to curb the influx of duty-free gold, silver, and jewellery that is impacting India’s jewellery sector and government revenue.

India is a leading exporter of deoiled rice bran, which is used in the cattle feed industry.