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Archive for the ‘India’ Category

Historic Trade Pact Between India and EFTA Nations to Boost Global Commerce

India, News, Trade Agreements

March 9, 2024

In a landmark move set to reshape international trade dynamics, India is poised to finalize an economic pact with the European Free Trade Association (EFTA) on Sunday. This agreement, involving Switzerland, Norway, Iceland, and Liechtenstein, marks the culmination of nearly sixteen years of meticulous negotiations, promising to significantly enhance trade and investment flows.   With […]

Indian Government Lifts Onion Export Ban to Boost Trade Relations with Bangladesh and UAE

Agricultural Trade, India, News, United Kingdom

March 5, 2024

In a recent development, the Indian government has amended its ban on onion exports, allowing the shipment of 64,400 tonnes to the UAE and Bangladesh. A senior official from the federal ministry of commerce confirmed this decision, stating that it was made at the “request of friendly countries.”   The ban on onion exports was […]

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 […]

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 […]

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 […]

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