India winning global manufacturing battle, BCG report shows impact of supply chains shifting away from China

India has emerged as a winner in global manufacturing, with its exports to the US increasing by $23 billion, a 44% rise from 2018 to 2022. In contrast, China experienced a 10% decline in exports to the US during the same period. This shift in manufacturing and sourcing occurred due to trade wars, the pandemic, […]

Kenya has successfully exported its first shipment of avocado fruit to India after eight years of negotiations. This marks the first time Kenya has received permission to export this “sensitive and short self-life” agro-commodity. Kenya is the world’s sixth-largest avocado producer, exporting about 23% of its production to various countries.

The Indian government has introduced mandatory quality norms for solder wires used in the electronics and engineering industry. The move aims to curb the import of sub-standard goods and promote domestic manufacturing. The Department for Promotion of Industry and Internal Trade (DPIIT) issued a notification stating that solder wires must bear the Bureau of Indian […]

The diplomatic dispute between Canada and India regarding the murder of a Sikh leader could potentially harm their growing economic ties. India is a significant source of foreign students for Canadian colleges and universities, and Canadian pension managers have invested billions of dollars in Indian companies and projects. Although the impact on trade is expected […]

On Tuesday, New Delhi dismissed the allegations as “absurd”, and asked Canada instead to crack down on anti-India elements operating in its territory.

Prime Minister Rishi Sunak’s spokesperson at 10 Downing Street in London was asked about the impact the India-Canada diplomatic row may have on India-UK bilateral relations, after a government spokesperson said the UK remains in “close touch” with the Canadian authorities over the issue.

Like other countries in Asia, Malaysia has seen lower supplies and an increase in rice prices in recent weeks as hot weather threatens harvests, with countries led by top exporter India restricting shipments to curb inflation and ensure food security.

India is planning to impose customs duties on telecom components in a phased manner to discourage imports and promote domestic manufacturing. The Department of Telecommunications is considering an initial 10% import duty from January, increasing to 15% by October next year. The move is part of the government’s Phased Manufacturing Programme, which aims to boost […]

India and Brazil are holding talks to resolve a sugar-related trade dispute at the World Trade Organisation (WTO). As part of the solution, Brazil may share ethanol production technology with India. This move would help India reduce its reliance on oil imports, cut carbon emissions, and meet its target of 20% ethanol-blended petrol by 2025.

The ‘Jaipur Call for Action’ under India’s G20 presidency has roped in Geneva-based ITC for “appropriate, aggregated, trade-related information relevant for MSMEs (micro, small and medium enterprises)” available on a single portal and a non-exhaustive list of links to relevant government websites for MSMEs.