India taking the Dragon head on & dimming lights of China, the world’s factory floor

China+1: India’s rise in global manufacturing challenges China’s dominance. From ‘Make in India’ to ‘Make for the World,’ Narendra Modi’s vision fuels India’s rejection of Chinese influence and the Asian nations is becoming a great candidate for China+1 strategy. As India gains ground, China’s decline signals a shift in global supply chains. However, India grapples […]

Mineral fuels, inorganic chemicals, compounds of precious metals and iron and steel are India’s top exports to Oman while oil, fertilisers and plastics are the top imports.

In January this year, the government imposed a stock limit on tur and urad to prevent hoarding and unscrupulous speculation, and help improve affordability for consumers. While the restriction was to end on October 30, the government extended it till December-end.

Free Trade Agreement: India and the UK are engaged in crucial talks for a significant free-trade deal before general elections next year in India. The UK delegation, led by trade negotiations director Amanda Brooks and economic adviser Douglas McNeill, held discussions in New Delhi, aiming to expand a trading relationship exceeding $24 billion. Prime Minister […]

India’s palm oil imports surged 22% in November, reaching 867,000 metric tons, the highest in three months. The increase is attributed to steep discounts compared to soyoil and sunflower oil, prompting refiners to switch to palm oil. The move could help lower palm oil stocks in top producers Indonesia and Malaysia.

The Forum, comprising CEOs from leading Indian and US-based companies, is co-chaired by N Chandrasekaran, Chairman, Tata Sons, and James Taiclet, President and Chief Executive Officer, Lockheed Martin. This was the eighth meeting of the forum since its reconstitution in December 2014. It is a key advisory private sector body to India-US Commercial Dialogue, and […]

Gujarat Chief Minister Bhupendra Patel along with a high level delegation met Singapore’s Minister of Trade and Industry, Gan Kim Yong on Friday. The delegation had reached Singapore after completing its tour of Japan.

The Indian government has authorized the export of specified quantities of wheat, wheat flour, and broken rice to five countries, including Bhutan, Mali, and Indonesia. The permission covers shipments through the National Cooperative Exports Limited (NCEL). The quantities permitted for Bhutan include wheat grain, atta, maida/semolina, and broken rice.

In a WTO meeting, Piyush Goyal put forward New Delhi’s approach to the issue saying that public procurement and stockholding of food grains serve the twin objectives of food security and income support to marginal farmers. The 19-member Cairns group, which includes agri-exporting nations, lobbies for agricultural trade liberalisation. It was formed in 1986 in […]

India is set to increase coking coal imports from Russia as supplies from Australia, its top supplier, drop and steel mills grapple with rising prices. Indian steel mills have faced challenges due to erratic supplies from Australia, which usually accounts for over half of India’s annual coking coal imports of about 70 million tonnes.