FIEO seek RBI intervention; exporters facing challenges from high tariffs, input cost inflation

FIEO urged the RBI to address challenges faced by exporters, including rising tariffs and demand volatility. They requested flexible credit solutions, extended credit periods, and a moratorium on loan repayments. FIEO also proposed a government-backed credit scheme for SMEs and a dedicated export credit target within priority sector lending to improve financial access and global […]

A senior government official stated that the proposed trade pact with the EU presents significant opportunities for the Indian auto industry to increase exports and establish partnerships with major European automobile manufacturers. The agreement aims to balance market access while safeguarding domestic sectors, with gradual opening over 5-15 years.

Sergio Gor, President Trump’s nominee for U.S. ambassador to India, stated during his Senate confirmation hearing that the United States and India are close to reaching an agreement on tariffs. Gor, a close aide to Trump, expressed optimism about resolving the tariff issue between the two nations. He is currently the director of the White […]

India and the US are natural partners, Modi said on Wednesday in response to Trump’s conciliatory post, in which he described the Prime Minister as a “dear friend,” and suggested fresh momentum in stalled trade negotiations. “India and the US are close friends,” Modi wrote on X. “I am confident our trade negotiations will pave […]

India and the EU are engaged in advanced FTA negotiations, addressing stringent standards and non-tariff barriers impacting Indian exports. The EU seeks greater certainty in financial services and shipping. India prioritizes duty-free access, simpler procedures, and easier compliance, while both sides navigate challenges like the Carbon Border Adjustment Mechanism. An India-EFTA agreement is expected by […]

India is actively engaged in trade negotiations with the US, aiming for a mutually beneficial agreement, according to Commerce Minister Piyush Goyal. Discussions are also underway with New Zealand and the European Union, with a trade pact with Oman expected soon.

Sweden hosted ‘Time for Sweden’ in New Delhi. The event highlighted growing India-Sweden ties. Collaboration focuses on trade, investment, and innovation. Swedish firms actively contribute to India’s green transition. Over 280 Swedish companies operate in India. Indian investments in Sweden are also increasing. Both nations collaborate on green hydrogen and technology.

Gautam Singhania, chairman of Raymond Group, has termed US President Trump’s trade policies as a “dangerous game,” predicting hyper-inflation in the US due to rising import costs. He believes the tariffs are a temporary setback for India, advising businesses to seek new markets. Singhania lauded the government’s GST rationalization, expecting it to boost consumption and […]

Following stalled trade talks, PM Modi affirmed India and the US as “natural partners,” signaling a potential thaw in relations. This response followed President Trump’s optimistic remarks about ongoing negotiations to reduce trade barriers, expressing confidence in reaching a successful conclusion and describing Modi as a “very good friend.”

European Union has approved 102 more marine product units from India. This will help India increase seafood exports to the EU by 20%. The total number of listed Indian marine units now stands at 604. This development occurs as India diversifies its shrimp exports. Shrimp exports have been affected by high tariffs imposed by the […]