PM Modi to explore semiconductor innovations in Singapore on 2nd day of his visit

Prime Minister Narendra Modi’s visit to Singapore highlights the growing importance of the semiconductor sector for India. During his trip, he will tour a semiconductor facility and engage in discussions with Singaporean leaders. This visit aims to strengthen bilateral ties and explore opportunities for collaboration in semiconductor manufacturing, talent development, and knowledge sharing. Singapore’s well-developed […]

The Free Trade Agreement (FTA) between India and the UK is nearing completion, with both sides just a step away from finalizing the deal, according to NITI Aayog CEO B.V.R. Subrahmanyam. Negotiations for the FTA, which began in January 2022 and were paused due to elections in both countries, aim to significantly boost the existing […]

India’s engagement with Singapore has grown significantly, driven by the ‘Act East Policy.’ Key areas of collaboration include infrastructure, sustainability, artificial intelligence, skill development, and advanced manufacturing. These partnerships aim to enhance economic cooperation and foster mutual growth between the two nations.

“The way in which China dumps steel into the country…the entire industry is facing (something similar to a) terrorist threat … There have been industry representations over the China issue and other problems over the past two months,” Kumaraswamy said. “I promise to try to convince the finance minister and prime minister to increase the […]

Tiruppur’s knitwear export hub has secured ₹450 crore in orders from global brands due to political unrest in Bangladesh. Orders include kids wear, nightwear, tops, and pyjamas. Noida Apparel Export Cluster also saw a 15% increase in orders from Zara. The situation highlights the need for an India-EU free trade agreement.

India has made significant progress in Ease of Doing Business rankings and is actively promoting investment opportunities. A recent forum in Moscow highlighted sectors like railways, ports, and chemicals. India and Russia are strengthening ties in energy, nuclear power, and other industries. Bilateral trade reached a record high, with new targets set for future growth.

The government has announced the export of 8,606 tonnes of raw cane sugar to the US under the tariff-rate quota scheme for the period from October 2024 to September 2025. This quota allows for lower customs duties on shipments until the limit is reached. The Agriculture and Processed Food Products Export Development Authority will manage […]

The deadline for reviewing the import management system for laptops and IT products is approaching. Companies have imported over USD 4 billion worth of these products this fiscal, primarily from China. The government issued authorisations last year to monitor imports without affecting supply, with the validity extending until September 30, 2024.

India achieved a trade surplus with 151 countries, such as the US and Netherlands, while experiencing a trade deficit with 75 nations, including China and Russia, during the first half of this year, according to GTRI. The think tank advises reducing industrial goods imports from China to preserve India’s economic sovereignty and enhance domestic production.

The GTRI data analysis stated that China supplies 95.8 per cent of India’s umbrellas and sun umbrellas (USD 31 million) and 91.9 per cent of artificial flowers and human hair articles (USD 14 million). Additionally, glassware (USD 521.7 million, 59.7 per cent), leather articles including saddlery and handbags (USD 120.9 million, 54.3 per cent), and […]