 "India and the US prepare to sign a crucial minerals pact, strengthening trade ties amid diplomatic tensions.")
India and the United States are set to sign a preliminary agreement to enhance cooperation on critical minerals during Indian Trade Minister Piyush Goyal’s visit to Washington this week. The pact aims to strengthen trade ties between the two nations, focusing on building supply chains and promoting collaboration in key minerals essential for clean energy, ...
Uttar Pradesh Chief Minister Yogi Adityanath recently announced that the state boasts the largest Micro, Small, and Medium Enterprises (MSME) base in India, being a significant job creator after agriculture. Speaking at the U.P. International Trade Show-2024 in Greater Noida, he highlighted that there are nearly 96 lakh MSME units across all 75 districts, showcasing ...
 "India and the US seek agricultural partnership, boosting trade and sustainability amid complex regulatory challenges and burgeoning seafood exports.")
A senior official from ITC emphasized the importance of boosting agricultural productivity and improving food distribution between India and the US during a panel at the Indo-US Economic Summit. Sanjeev Bhat highlighted the growing trade in agricultural products, particularly seafood, rice, and spices, which is seeing a significant yearly increase. With plans for a new ...
 "Piyush Goyal calls for urgent review of India’s FTA with ASEAN to protect domestic industries and ensure balanced trade.")
India’s Commerce and Industry Minister Piyush Goyal has stressed the need to address the concerns of domestic industries affected by the existing free trade agreement (FTA) with the 10-nation ASEAN bloc. During a review meeting in Laos, he highlighted inequities in tariff liberalization and emphasized the urgency of upgrading the India-ASEAN Free Trade Agreement in ...
 "Hero MotoCorp plans to launch VIDA V1 electric scooters in Europe, seizing opportunities amid changing trade dynamics and growing EV demand.")
Hero MotoCorp is poised to expand into developed markets, launching its VIDA V1 electric scooters in the UK, France, and Spain by mid-2025. This marks the company’s first entry into these European regions, aiming to meet the increasing demand for electric vehicles. The launch aligns with ongoing discussions for a free trade agreement between India ...
India is experiencing a significant drop in exports to China, with a 22.44% decline to $1 billion in August, compared to an overall export decrease of 9% to $34.7 billion. Despite this contraction, China’s dependency as India’s largest import partner remains strong, with imports rising by 15.5% year-on-year to $10.8 billion. Key export items to ...
Former President Donald Trump announced that Indian Prime Minister Narendra Modi will meet him next week during Modi’s three-day visit to the U.S. from September 21 to 23. While discussing trade, Trump criticized India for high tariffs, calling it an “abuser,” but praised Modi as a “fantastic man.” Modi’s trip will start with the Quad ...
 "Siddharth Shankar’s Tails Trading Group sells its private labeling arm for GBP 395 million, marking a strategic milestone in global trade.")
Tails Trading Group, a UK-based supplier of consumer packaged goods led by Indian entrepreneur Siddharth Shankar, has sold its private labelling division for GBP 395 million to an international investor consortium. The labelling division supplies various products, including food, beverages, and household items, to major retailers and airlines across North America and Europe. Shankar views ...
 "Government raises customs duties on edible oils to boost farmer incomes, while also slashing onion export duties for increased trade.")
The Indian government has announced an increase in customs duties on crude palm and refined sunflower oil, raising them to 20% and 32.5%, respectively. This move is expected to significantly benefit farmers, especially those in key producing states like Maharashtra and Madhya Pradesh, as it will help raise their income. Additionally, the government removed the ...
 "India extends anti-subsidy duty on Chinese pesticides to protect local industries from damaging subsidized imports. Trade tensions escalate.")
India has decided to extend the anti-subsidy duty on a Chinese pesticide chemical, Atrazine Technical, for an additional five years to protect local manufacturers. This move follows recommendations from the commerce ministry’s investigation body, DGTR, which found that the duty has supported Indian producers by allowing them to expand their operations. The new duty rates ...
