India is working to attract more foreign investment. Commerce Minister Piyush Goyal stated that foreign direct and institutional investment are being enhanced. Export growth is expected to accelerate in FY26. The government also supports channeling capital from insurance and pension funds into startups. India aims to strengthen its global trade position and secure favorable trade […]
India ready to put its seal on any fair and equitable trade deal: Piyush Goyal
The government has temporarily lifted import restrictions on specific stainless steel items until the year’s end, driven by a shortage of local production. Manufacturers are apprehensive about losing their market foothold and the potential hindrance to their investment in future capacity. They argue that these exemptions might lead to an influx of below-par steel imports […]
Russia has become India’s largest sunflower oil supplier, with imports surging twelvefold in four years, displacing Ukraine. This shift is attributed to Russia’s reliable seaports and competitive pricing, especially as Ukraine diverts produce to Europe. Despite a recent price increase impacting overall imports, Russia’s significant share is expected to persist.
EAC-PM Chairman S Mahendra Dev urged India to diversify exports, expedite FTAs, and continue trade talks with the US. He highlighted opportunities for India to boost its share in global merchandise trade, emphasizing the need for stronger export growth and more medium-sized manufacturing units to achieve sustained economic expansion.
India is nearing trade agreements with the European Union and the United States. Meanwhile, Indian products face substantial import duties in the US. These tariffs, totaling fifty percent, have been described as unfair by New Delhi. Discussions are ongoing to resolve these trade matters.
The US has granted India a six-month sanctions waiver for its operations at Iran’s Chabahar Port, a move seen as a strategic concession amidst ongoing trade deal negotiations. This extension supports India’s regional connectivity plans, particularly its gateway to Afghanistan and Central Asia, signaling Washington’s willingness to accommodate New Delhi’s geopolitical interests.
Indian engineering exports saw a 2.93 percent rise in September, reaching USD 10.11 billion. This growth occurred even with a drop in shipments to the United States. Exports to China and other regions showed positive movement. The sector’s cumulative growth for the first half of the fiscal year stands at 5.35 percent. This indicates resilience […]
China has restarted supplying heavy rare earth magnets to India after a six-month halt. This brings relief to Indian companies in electric vehicle, renewable energy, and consumer electronics sectors. However, China has imposed conditions. These magnets cannot be re-exported to the US or used for military purposes. This development follows a meeting between US and […]
US has granted India a six-month exemption from sanctions on Chabahar port, confirms MEA
1 month ago
The United States has granted India a six-month exemption from sanctions for operations at Iran’s Chabahar port. This waiver is crucial for India’s regional connectivity plans, including trade with Afghanistan, Central Asia, and Russia, and bypasses Pakistan. India recently signed a 10-year agreement to operate the port.
Beginning November 1, a 30% import duty will be levied on yellow peas. Any shipments with a bill of lading dated on or before October 31 will avoid this charge. Previously, the government allowed duty-free imports until March 2026, but this new regulation significantly impacts future yellow pea imports.