India Exim Bank pitches for new export markets to empower Indian businesses

India Exim Bank is focusing on expanding exports to new markets and collaborating with existing ones to foster growth amid economic slowdown and geopolitical challenges. The bank is not concerned about its exposure in Canada and believes that the situation has adequate attention from the government.

While this may reduce exporters’ profits but it will not impact trade volumes unless the war escalates, it said. India’s outbound shipments to Israel in FY23 were $8.4 billion with diesel, cut and unpolished diamonds, and electronics and telecom components like integrated circuits, parts of photovoltaic cells being the top exports whereas total imports of […]

India’s demand for walnuts from California is expected to double in the next decade as more people become aware of their health benefits. California walnuts currently account for 99% of the US supply and nearly 50% of global trade. Despite disruptions caused by the pandemic, exports of California walnuts to India are now increasing again.

​Free Trade Agreements (FTAs), or treaties between two or more nations designed to reduce barriers to trade and investment, are not new to India. New Delhi has signed 13 such pacts in the last five decades, with the primary ones being with countries and blocs in the east — for instance Japan, South Korea, Australia, […]

From the Bangkok agreement (or APTA) to IPEF, India’s FTA journey has evolved significantly, reflecting its commitment to foster international trade and economic integration within its region and with global partners. These phases demonstrate India’s adaptability and willingness to explore new avenues for economic growth and cooperation on the international stage.

The Directorate General of Trade Remedies (DGTR) made this recommendation based on an application filed by JCB India Limited which was supported by BEML Ltd and Eimco Elecon (India) Ltd. The proposed duty excludes battery-operated wheel loaders. Wheel loaders are construction equipment, used for varied applications such as loading, shifting, heaping, and dozing bulk or […]

Industry has stated that due to the USD 1,200 per tonne MEP, Indian exporters lose their hard-earned buyer base to Pakistan, which is a competitor of India in this segment. In August, the government decided not to allow exports of basmati rice below USD 1,200 per tonne to restrict possible “illegal” shipment of white non-basmati […]

Goyal is here for the 11th meeting of the India-UAE High Level task Force on Investments. He added that trade in domestic currencies will help save at least 5 per cent on all trade between the two countries. The two sides held discussions around creating food and industrial parks in India. India and the UAE […]

The World Trade Organization (WTO) has revised its global goods trade forecast for 2023, cutting it to 0.8% from the previous estimate of 1.7%. The slowdown in trade is attributed to factors such as inflation, high interest rates, US dollar appreciation, and geopolitical tensions. However, the WTO expects a 3.3% growth in trade for 2024.

India and the United Arab Emirates (UAE) have signed a Memorandum of Understanding (MoU) to collaborate in the sharing and development of industries and advanced technologies. The MoU aims to strengthen industries in both nations through investments, technology transfer, and the deployment of key technologies. The areas of cooperation include supply chain resilience, renewable energy, […]