India’s traditional medicine system, AYUSH, has achieved formal recognition in bilateral trade agreements with Oman and New Zealand. These agreements, finalized last December, include dedicated sections for health services and traditional medicine. AYUSH and herbal product exports saw a growth of 6.11 percent, reaching USD 688.89 million in 2024-25 from USD 649.2 million in 2023-24.
AYUSH gets recognition in India’s free trade pacts with Oman, New Zealand
India is pushing Russia to remove trade hurdles for its electronics, engineering goods, food, and fisheries. This move aims to unlock billions of roubles stuck in Russian banks due to oil imports. Indian exporters face challenges with Russian standards and software requirements.
The government has unveiled a Rs 7,295-crore export support package, including a Rs 5,181-crore interest subvention scheme and Rs 2,114-crore collateral support, to enhance exporters’ access to credit. These initiatives, spanning 2025-31, aim to address trade finance challenges, offering subsidies and guarantees to eligible MSMEs, particularly for defence and SCOMET products.
India announces ₹7,295 crore export credit support package to ease financing for exporters
2 months ago
India has launched a significant export support package worth ₹7,295 crore. This initiative aims to make trade finance faster and cheaper for exporters. The package includes an interest subvention scheme and collateral support. These measures will be implemented over six years, starting from 2025. The goal is to boost India’s exports by addressing critical trade […]
A major trade deal between India and the United Kingdom is set for implementation in early 2026. This agreement aims to significantly boost trade between the two nations. Indian exporters will gain duty-free access to the UK market for most products.
Denial of limestone export data to Bangladesh justified; no larger public interest: CIC
2 months ago
The Central Information Commission has upheld the denial of exporter-wise details for limestone sold to Bangladesh. This information is protected under the commercial confidence clause. The commission stated that releasing such data could harm exporters’ competitive positions. No overriding public interest was found to justify disclosure.
Cross-border ecommerce is set to become easier for Indian businesses, particularly MSMEs. The government is considering relaxing rules for returning goods and increasing the value limit for courier exports. This move aims to support small businesses and artisans. Dedicated ecommerce export hubs will streamline logistics and customs processes.
India’s export horizons are expanding rapidly, with projections hitting $840-850 billion in FY26 and climbing to $950 billion in FY27. The fostering of free trade agreements, particularly with nations in West Asia, alongside robust growth in sectors like services and electronics, are pivotal to this surge.
Israeli trade negotiators will visit India in January for trade pact talks. This marks a pre-round for a Free Trade Agreement. Indian negotiators are expected to visit Russia after Budget 2026. This visit is for the second round of negotiations for the Russia-led Eurasian Economic Union trade pact. Bilateral trade between India and Israel was […]
India has imposed a safeguard duty on certain steel products for three years, starting with 12% in the first year, to counter a surge in cheap imports. This move, recommended by the DGTR, aims to protect domestic players from increased imports from countries like China, Japan, Korea, and Vietnam.