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India's journey toward becoming a developed nation rests heavily on enhancing exports, mirroring China's trajectory. Through strategic bilateral agreements and FTAs, India is penetrating emerging m
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The Indian government has greenlit the export of 99,150 metric tons of onions to Bangladesh, UAE, Bhutan, Bahrain, Mauritius, and Sri Lanka. This move comes as a response to reduced estimates for t
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Smartphone manufacturers are banking on India's export potential to sustain their robust performance, foreseeing it as a key driver for their expansion. Market analysts emphasize that with producti
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During the fiscal year 2023-24, the industry body noted a resurgence in soyabean meal exports, totaling 21.33 lakh tonnes, a significant increase from the 10.22 lakh tonnes reported in 2022-23, att
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India's Palm Oil Imports in March Hit Lowest Level in 10 Months Due to Surge in Sunflower Oil Prices
According to the Solvent Extractors' Association of India (SEA), imports of soyoil increased by 26.4% to reach 218,604 tons, sunflower oil imports surged by approximately 50% to 445,723 tons, and t
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India has removed export restrictions on nine products destined for the Maldives in the current fiscal year. These products include potatoes, onions, rice, wheat flour, and sugar among others, and
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The official stated that New Delhi stands as the primary provider of seafood, with a focus on frozen shrimps, to the US. Indian shrimp exporters adhere to a rigorous regulatory and safety framework
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In a bid to attract Indian investment into Africa, Soomilduth Bholah, the Mauritian Minister of Financial Services and Good Governance, recently embarked on an "India Business Mission" across key I
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India has decided to prolong its prohibition on onion exports indefinitely, a decision made in anticipation of an upcoming general election and likely to further escalate prices in certain internat
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Approximately 150,000 exporters, with representation from up to 15 export promotion councils such as the Federation of Indian Export Organisations, have voiced apprehensions regarding a certain pro
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The Indian government's foreign trade department (DGFT) has clarified that imports of urea for agricultural use, funded by the government, can be done by two entities:
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2024-03-16 10:55:28India is considering extending duty-free imports of yellow peas, a substitute for chana (chickpeas), beyond April. This move aims to control rising pulse prices caused by a decrease in chana yield,
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There's good news and bad news for India's oilmeal exports. While February saw a 9% increase to 5.16 lakh tonnes, driven by strong soybean meal shipments, there are challenges on the horizon. Argen
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India's central bank gets a golden break: Import duties waived on gold.
This move aims to boost domestic gold availability in the world'
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Sri Lanka and Bangladesh are jumping on board the rupee trade train! These neighboring countries are eager to start conducting business with India using rupees immediately. According to Commerce an
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India just inked a major trade deal with EFTA (Switzerland, Norway, Iceland, and Liechtenstein)! This historic agreement promises a $100 billion investment boost to India over 15 years. The Trade a
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India OK'd rice exports to ease food shortages in Tanzania (30,000 tons) and Djibouti & Guinea-Bissau (80,000 tons combined). This shipment allows non-basmati white rice for Tanzania and broken
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Nepal and India are making it easier to transfer money between the two countries. New guidelines allow Nepali citizens to electronically send up to Rs 2 lakh per transact
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World Trade Organization talks in Abu Dhabi concluded without major breakthroughs. While a digital tariff moratorium was extended, disagreements on e-commerce, dispute settlement, and agricultural
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The G7's demand that all diamonds above 0.5 carats be routed through Antwerp for non-Russian certification poses major logistical hurdles for the global diamond industry. The Gem and Jewellery Expo
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India's presence in the electronics export market, notably in the UK and US, is on the rise. Government incentives aimed at attracting manufacturers, coupled with the establishment of manufacturing
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The government is exploring a change to how it supports exporters. They might switch from issuing tax rebates as vouchers (scrips) to providing direct cash refunds. This could be
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Arvind Panagariya, chairman of the Sixteenth Finance Commission, calls for an increased emphasis on exports to boost India's economic growth. He advocates for following China's su
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Houthi attacks have severely disrupted diesel shipments from India to Europe, reaching a 2-year low. This has diverted cargoes to Asia due to higher freight costs and refinery mai
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India's trade minister expects agricultural exports to rise in the current fiscal year (2023/24) compared to last year, even with restrictions on wheat, rice, and sugar exports. T
