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Archive for the ‘India’ Category

US Lawmaker and Apple Growers Celebrate Surge in Apple Exports to India

Agricultural Trade, India, News, United States

February 21, 2024

In a momentous occasion, apple growers from Washington State have witnessed a significant uptick in their exports to India this year, marking a remarkable increase compared to previous years. Senator Maria Cantwell, accompanied by Prakash Gupta, the Consul General of the newly established India Consulate in Seattle, along with labor and port officials, convened in […]

Taiwan and India Forge Agreement to Address Labor Shortages

Foreign Investments, India, News, Taiwan

February 16, 2024

In a move to address labor shortages and bolster its workforce, Taiwan and India have inked a significant agreement aimed at bringing Indian migrant workers to the island nation. This accord marks a pivotal shift for Taipei, signaling its intent to diversify its foreign labor pool beyond its traditional sources in Southeast Asia. The […]

Positive Growth in Indian Merchandise Exports Despite Global Challenges

India, International Trade, News

February 16, 2024

In a recent announcement from New Delhi, India’s merchandise exports have showcased a commendable 3.12% increase to $36.92 billion in January, marking the second consecutive month of positive growth. Despite prevailing global headwinds, this upward trend reflects the resilience of India’s export sector. This encouraging growth extends beyond merchandise exports, with overall exports, encompassing […]

India and UAE Forge Pact on Transcontinental Trade Route

India, International Trade, News, United Arab Emirates

February 13, 2024

In a landmark development, India and the United Arab Emirates (UAE) have solidified their commitment to a transformative trade corridor that promises to connect Europe with India via strategic routes across the Middle East, leveraging both sea and rail networks. The accord, unveiled during Prime Minister Narendra Modi’s official visit to the Gulf nation, underscores […]

India and France Forge Strategic Partnership in Defense Production and Beyond

France, India, International Relations, News

January 27, 2024

India and France have solidified their commitment to collaborate on joint defense production, encompassing helicopters, submarines, and more, both for the Indian armed forces and friendly nations, according to a government statement issued following French President Emmanuel Macron’s visit. President Macron’s visit included meetings with Prime Minister Narendra Modi and attendance at a state […]

India Witnesses Surge in Electronics Exports Fueled by Smartphone Manufacturing Success

India, News, Technology

January 23, 2024

India is experiencing remarkable growth in electronics exports, primarily driven by increased production and exports from major smartphone manufacturers. According to data from the India Cellular and Electronics Association (ICEA), electronics exports from India reached a record high of over $20 billion in the first nine months of fiscal 2024 (April 2023 to March 2024), […]

India Paves the Way for Mobile Tech Triumph: Proposes Import Duty Cuts to Boost Global Competitiveness

India, News, Technology

January 11, 2024

In a move aimed at fostering its position in the global mobile phone market, India is reportedly contemplating import duty cuts on critical components essential for the production of high-end smartphones. Government officials have revealed that the potential duty reductions, if implemented, could provide a significant boost to companies like Apple and contribute to the […]

UK and India Forge Ahead with Comprehensive FTA Negotiations, Set to Address Key Trade Issues

India, International Trade, News, United Kingdom

January 9, 2024

The United Kingdom and India remain committed to pursuing a comprehensive and ambitious Free Trade Agreement (FTA), as confirmed by an official statement. The two nations are gearing up for the 14th round of negotiations, scheduled to commence this week, with a focus on intricate matters concerning goods, services, and investment. Several critical topics […]

Indian Prime Minister Sets Stage for Tech and EV Investments at Vibrant Gujarat Global Summit

Economic Policy, India, News

January 8, 2024

Indian Prime Minister Narendra Modi is gearing up to showcase his home state, Gujarat, as a prime investment destination during the Vibrant Gujarat Global Summit scheduled from Jan. 10-12. This high-profile event marks one of Modi’s final endeavors to attract both domestic and foreign investors before facing re-election. The summit is anticipated to host a […]

EU Presses for Substantial Market Access in Trade Agreement Talks with India

Europe, India, International Trade, News

October 20, 2023

Efforts are underway within the European Union (EU) to encourage India to provide meaningful access to its markets as part of negotiations for a free trade agreement. The call for substantial market access was made by Spanish Deputy Trade Minister Xiana Mendez during an EU meeting, which was presided over by Spain as part of […]

India and Saudi Arabia Accelerate Free Trade Agreement Talks to Boost Economic Cooperation

India, News, Saudi Arabia

September 11, 2023

In a significant development aimed at strengthening economic cooperation between the two nations, India and Saudi Arabia have pledged to fast-track negotiations on the India-Gulf Cooperation Council (GCC) Free Trade Agreement (FTA). During a special briefing on the State Visit of the Crown Prince and Prime Minister of Saudi Arabia, Prince Mohammed bin Salman […]

United States Leads as the Primary Source of Foreign Direct Investment in India for Fiscal Year 2023, Reveals RBI Census

India, News, United States

September 11, 2023

The International Trade Council acknowledges the recent data released by the Reserve Bank of India (RBI), stating that the United States has been identified as the foremost contributor of foreign direct investment (FDI) into India for the financial year 2023 (FY23). According to the RBI census, the United States accounted for Rs 8.58 lakh crore […]

Boosting India-ASEAN Economic Collaboration: Prime Minister Modi Unveils 12-Point Proposal

India, International Trade, News

September 10, 2023

The International Trade Council is pleased to report on the groundbreaking developments arising from India’s Prime Minister Narendra Modi’s participation in the 20th annual ASEAN-India summit and the 18th East Asia summit, both held in Jakarta on September 7, 2023. The Prime Minister, during his visit, introduced an extensive 12-point proposal aimed at fostering deeper […]

International Trade Council Reports on India’s Proposed Changes to Foreign Investment in Non-Services Sector

Foreign Investments, India, News

September 8, 2023

India is contemplating changes to its investment policies to encourage foreign inflows into its manufacturing and industrial sectors, according to sources within the Department for Promotion of Industry and Internal Trade (DPIIT). These changes are expected to be part of the ongoing discussions for Free Trade Agreements (FTAs). A Shift in Policy The proposed modifications […]

India Allocates Rice Export Quotas to Bhutan, Singapore, and Mauritius

Agricultural Exports, India, News, Singapore

August 29, 2023

– In a move to foster international trade relationships and meet global demand, India has announced the allocation of export quotas for non-basmati white rice to Bhutan, Mauritius, and Singapore. The decision was officially communicated by the Indian government in a statement. Under this allocation, India will permit the export of 79,000 metric tons […]

PM Modi Highlights India’s Efforts to Foster Trade and Investment at G20 Meeting

India, News, Trade and Investments

August 24, 2023

The International Trade Council takes note of Prime Minister Narendra Modi’s address at the G20 Trade and Investment ministerial meeting, where he underscored India’s transition from “red tape” to a more favorable investment climate, emphasizing a shift towards liberalized Foreign Direct Investment (FDI) flows over the past nine years. During the virtual address to the […]

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