Even as global economic uncertainty drags down trade, Indian pharmaceutical exporters are seeing growth in Brazil and Nigeria as both countries are emerging as important overseas markets. Data by the commerce ministry data shows that Nigeria has been a major driver of this shift. During the first eight months of the current financial year, exports […]
Amid reports suggesting that India may exit Iran’s Chabahar port project due to pressure from the United States, the government on Friday clarified that it remains in close engagement with Washington to operationalise the sanctions waiver granted for the strategic port. Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal said the US Department of the […]
The United States (US) President Donald Trump on Monday (India time) stated that Washington could raise tariffs on Indian imports if New Delhi does not cease purchasing Russian oil. “They (India) wanted to make me happy, basically. Modi is a very good man; he is a good guy. He knew I was not happy, and […]
India’s onion exports picked up in December after Bangladesh resumed purchases following a three-month suspension. The ban had been introduced by the Bangladeshi authorities to support domestic producers, but was lifted as local prices increased. According to market sources, exporters in India had accumulated around 30,000 metric tons of onions at the India–Bangladesh border by […]
Apple has achieved a major manufacturing milestone in India, with iPhone exports crossing $50 billion under the government’s Production-Linked Incentive (PLI) scheme, underscoring the country’s rising importance in the global electronics supply chain. The landmark was reached within Apple’s five-year participation period under the PLI programme for smartphones, reflecting rapid scale-up in local manufacturing and […]
Commerce and Industry Minister Piyush Goyal will visit Israel from Thursday for a review of the proposed free trade agreement between the two sides. The three-day visit by Goyal comes on the invitation of the Minister of Economy and Industry of Israel Nir Barkat. The Indian minister will be accompanied by a 60-member business delegation. This visit follows the visit […]
Indian seafood exporters surged as much as 11% on Wednesday following media reports that China had notified Japan of plans to suspend imports from the country, a move that could shift demand toward alternative suppliers such as India. A potential rise in demand could offer a lifeline to Indian seafood exporters squeezed by steep tariffs imposed […]
A total of 13,528 tons of coarse rice have been imported from India through the Benapole land port in four months. The shipments arrived in 395 trucks from August 21 to November 18. As the government allowed the import of rice through various land ports in a bid to help stabilise the domestic rice market, import […]
In a major step towards enhancing efficiency and promoting sustainable business practices, the Mumbai Port Authority (MbPA) has invited private participation for the operation and maintenance of berths at the Indira Dock. The authority has issued an Expression of Interest (EoI) to attract leading trade partners for undertaking clean cargo handling, marketing, administration and overall […]
India has become the world’s second-largest exporter of natural honey, with shipments reaching 1.07 lakh metric tonnes worth $177.55 million in 2023–24, marking a significant leap from the ninth position in 2020, according to an official statement issued on Sunday. The achievement reflects the country’s growing success in organised apiculture and its commitment to scientific beekeeping. This […]