India's goods exports to touch USD 773 billion by 2030, says report
May 31, 2023, at 09:21 pm
New Delhi: Registering annual growth rate of 7.5%, India’s exports of goods could reach US$ 773 billion by 2030 with exports to Turkiye, Vietnam and Indonesia to be among the highest-growing export destinations, said a Standard Chartered Bank report on Wednesday.
Nepal: Investment Board approves Project Development Agreement that will be signed with India’s SVJN
May 29, 2023, at 11:37 pm
A meeting of the Investment Board Nepal (IBN) has approved the final Project Development Agreement (PDA) draft which will be signed with India’s state-owned SJVN to develop 669 MW Lower Arun Hydropower project, media reports said.
Tesla held talks with India on incentives for car and battery manufacturing: Report
May 20, 2023, at 08:35 am
New Delhi: The executives of US-based electric car maker Tesla engaged in discussions with Indian officials regarding potential domestic incentives for car and battery manufacturers, indicating that the company is reconsidering its entry into the Indian market, Reuters reported citing a source familiar with the matter.
India achieves record coal prodn of 893.08 MT in FY23; prodn grows 47% in the last 9 yrs
May 20, 2023, at 04:32 am
New Delhi: India’s overall coal production has gone up by 47% to 893.08 million tonnes (MT) in the last nine years and supply has touched 877.74 MT, recording 45.37% growth, the government said on Friday.
India's defence production value crosses Rs. 1 lakh crore mark in FY 2022-23
May 19, 2023, at 11:21 pm
New Delhi: The Indian government on Friday said India's defence production value in Financial Year 2022-23 has crossed the figure of Rs. 1 lakh crore for the first time ever.
India and EU affirm commitment to work together on WTO reforms
May 16, 2023, at 10:53 pm
Union Minister for Commerce & Industry, Textiles, Consumer Affairs, Food & Public Distribution, Piyush Goyal and Executive Vice-President of the European Commission responsible for an Economy that Works for People, and the European Commissioner for Trade, Valdis Dombrovskis emphasised on the need for expediting the ongoing India-EU FTA negotiations by finding convergence on all issues.
India's wholesale inflation slips into negative territory in April
May 15, 2023, at 07:02 pm
New Delhi/UNI: India's Wholesale Price Index (WPI) based inflation fell into the negative zone in April 2023.
PM Modi interacts with Walmart CEO Doug McMillon
May 15, 2023, at 05:28 am
New Delhi: Prime Minister Narendra Modi on Sunday said he had an insightful meeting with Walmart CEO Doug McMillon, and he is happy to see India emerge as an attractive destination for investment.
India – EU Trade and Technology Council to be held in Brussels
May 12, 2023, at 11:49 pm
New Delhi: The first Ministerial meeting of the India – EU Trade and Technology Council (TTC) will be held in Brussels on May 16.
India intensifies efforts to reduce trade deficit with Russia; focuses on exports
May 12, 2023, at 02:51 am
New Delhi: The Union Commerce Ministry has intervened to address the increasing trade deficit between India and Russia, media reports said.
Piyush Goyal, Canadian counterpart Mary Ng review progress of India-Canada FTA
May 11, 2023, at 07:45 am
New Delhi/Ottawa: Union Commerce Minister Piyush Goyal, who is visiting Canada, co-chaired the 6th India- Canada Ministerial Dialogue on Trade and Investment (MDTI) along with his Canadian counterpart Mary Ng, during which they reviewed the progress in the Free Trade Agreement negotiations.
A Chat on Online Gambling and Gaming Laws in India
May 05, 2023, at 11:41 pm
During a conversation between Felicia Wijkander, Editor in Chief at SevenJackpots and Uday Walia, Partner at Touchstone Partners, a leading law firm in India working with complex topics such as cross-border advice and foreign investments, they discussed the latest updates on online gambling and gaming laws in India.
CEPA is the growth engine for India-UAE bilateral trade
May 03, 2023, at 03:53 pm
New Delhi: On the occasion of the first anniversary of the implementation of the India-UAE Comprehensive Economic Partnership Agreement (CEPA) recently, Commerce Secretary Sunil Barthwal congratulated the people of India and the UAE on the milestone and talked about CEPA’s role as a growth engine for India-UAE bilateral trade over the past 11 months.
Bangladesh allows India's permanent access to Chattogram, Mongla ports
May 01, 2023, at 04:07 pm
In a significant decision, the Bangladesh government has granted India permission to use Chattogram and Mongla ports to transit and trans-shipment cargo vessels, media reports said.
India, EFTA leaders meet to boost bilateral trade and economic partnership
Apr 28, 2023, at 05:20 pm
New Delhi: Ministers and high-level representatives from India and the European Free Trade Association (EFTA) States (Iceland, Liechtenstein, Norway, and Switzerland) gathered in New Delhi recently to discuss the prospects of resuming their negotiations towards a Trade and Economic Partnership Agreement (TEPA).
India jumps 6 places to Rank 38 in World Bank’s Logistics Performance Index 2023
Apr 27, 2023, at 11:40 pm
New Delhi/IBNS: India has jumped 6 places to rank 38 out of 139 countries in the 7th edition of Logistics Performance Index (LPI 2023) of the World Bank.
India and Bangladesh agree on trade transactions in own currencies
Apr 20, 2023, at 08:33 pm
Dhaka/IBNS: To ease cross-country transactions and pressure on dollar holdings, India and Bangladesh have agreed to settle a part of bilateral trade transactions in their own currencies- rupee and taka respectively, according to a Bangladesh media report.
Volvo Car India records 38 percent growth in Q1 of 2023-2024
Apr 17, 2023, at 06:03 pm
Kolkata/IBNS: Volvo Car India has recorded an impressive 38 percent growth in the first quarter of 2023.
Apr 15, 2023, at 01:27 am
New Delhi: India and Spain are looking forward to considerable progress in the ongoing India-EU FTA negotiations during the upcoming Spanish Presidency of the EU from July to December 2023.
India presents huge delta of opportunities: Piyush Goyal at India-France Business Summit
Apr 13, 2023, at 06:23 am
Paris: There is a huge delta of opportunities in India, Union Commerce and Industry Minister Piyush Goyal said on Tuesday during his address at the India – France Business Summit and CEOs Roundtable in Paris, France.
Apr 13, 2023, at 05:05 am
Paris: Union Commerce & Industry Minister Piyush Goyal met French Foreign Trade Minister Olivier Becht on Tuesday in Paris, the capital of France.
Russia remains top crude oil supplier to India in March with 1.64 million bpd
Apr 08, 2023, at 01:58 am
Russia supplied 1.64 million barrel per day (bpd) of crude oil to India, surpassing traditional suppliers such as Saudi Arabia and Iraq, Moneycontrol reported.
Indian smartphone industry gaining momentum: Reports
Apr 03, 2023, at 10:39 pm
Industry experts believe that Indian smartphone export is likely to have crossed USD 10 billion (over Rs 82,000 crore) in the just-ended financial year 2023.
Union Bank of India sets up mechanism for India-Malaysia trade in INR
Apr 01, 2023, at 09:17 pm
New Delhi: Public sector Union Bank of India has operationalised the mechanism to allow Indian and Malaysian traders to invoice and settle the trade in Indian Rupee (INR).
Mar 31, 2023, at 04:24 am
Kolkata: The US Consulate Kolkata collaborated with KIIT Technology Business Incubator to host a three-day 'Regional Startup Network (RSN)' advanced workshop at the American Center, starting on Thursday, to build entrepreneurial capacities of select startups from India, Nepal, Bhutan, and Bangladesh.
Russia's Rosneft and Indian Oil Corp ink deal to boost oil supply and diversify grades
Mar 30, 2023, at 05:42 am
Moscow/IBNS: Rosneft, the Russian energy company, revealed a new agreement Wednesday to increase its oil exports to India, in an effort to find alternative markets due to the strained relations with Western countries over the Ukraine conflict.
Mar 12, 2023, at 10:52 pm
New Delhi: India’s Minister of Commerce and Industry Piyush Goyal and Australia’s Minister for Trade and Tourism, Senator Don Farrell on Saturday met when they discussed implementation of the Economic Cooperation and Trade Agreement (ECTA).
PM Modi, Sheikh Hasina to launch cross-border fuel pipeline on March 18: Report
Mar 11, 2023, at 02:14 am
New Delhi: Prime Minister Narendra Modi and his Bangladeshi counterpart Sheikh Hasina will launch the first-ever India-Bangladesh cross-border oil pipeline on March 18 through video conferencing, Bangladesh's Foreign Minister A K Momen said on Friday, media reported.
Apple plans to make India its sales engine amid record revenues in the region: Report
Mar 10, 2023, at 01:17 am
iPhone maker Apple is focussing on India as its priority region amid a significant increase in demand for Apple products in the country. The plans include the elevation of its head of India and making the country sales engine for Apple, media reports said.
iPhone maker Foxconn plans to invest $700 mn in Bengaluru plant in a shift from China: Report
Mar 04, 2023, at 02:37 am
Apple’s partner Foxconn Technology Group intends to invest approx. $700 million to set up a new manufacturing facility in India to increase local production, highlighting the increasing trend of shifting manufacturing away from China due to escalating tensions between Washington and Beijing, Bloomberg reported.