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 […]

Wet-lease specialist Ascend Airways Malaysia has secured an air operator’s G Satheesh Reddy, Member of the National Security Advisory Board (Government of India), has stated that domestic sourcing of Defence components and equipment has increased significantly over the last few years. “In India, we were producing a bare minimum (of defence components, equipment) 20-25 years ago. Most […]

Manipur is set to introduce another variety of Chakhao (white sticky rice) to the international market after successfully exporting its indigenous black sticky rice. The Department of Agriculture has signed a Memorandum of Understanding with Japan for the trial export of 20 metric tonnes of white sticky rice. The pact was signed during the 1st Bharat […]

India’s crude oil imports rose 1.7% in September to 19.93 million metric tons month-on-month, their highest level since June, government data showed on Monday. India is the world’s third-biggest oil importer and consumer, making this data a key indicator of its oil demand. Every year, crude oil imports rose 6.1%, from 18.79 million tons in September […]

Led by a sharp rise in the export of processed soybean oil, Nepal’s exports to India surged by nearly 138 per cent during the first quarter of the current fiscal year 2025–26, the country’s Department of Commerce has revealed. As per the foreign trade statistics released by the department, Nepal exported goods worth NPR 59.12 billion […]