India-US trade pact to be good for both; our interests will be protected: Piyush Goyal.
The ongoing talks between India and the US for the proposed bilateral trade agreement (BTA) are progressing and will be 'good' for both the nations while protecting India's interests, commerce and industry minister Piyush Goyal said at the summit on Thursday. On whether Indian industry should brace for any turbulence after April 2, he said the India growth story will remain intact and the country would continue to power the global economy.
Source: economictimes.indiatimes.com
Despite geo-political uncertainties, India's exports set to cross $800 bn.
Despite global uncertainties, India's exports are set to surge, said Director General of Foreign Trade (DGFT), Santosh Kumar Sarangi, adding that exporters should tread the path pragmatically and wisely to navigate the current global trade contours. According to him, the current geo-political scenario presents a golden opportunity for India to propel exports and increase manufacturing competitiveness.
Source: manufacturing.economictimes.indiatimes.com
India eyes export boost to CIS as Black Sea tensions ease, seeks lower duties from South Korea.
Amid news reports of a proposed truce between Russia and Ukraine in the ongoing conflict in the Black Sea, sources within the government have indicated that a reduction in tensions may ease the transport of Indian exports to CIS countries. Apart from Russia, the Commonwealth of Independent States (CIS) comprises Kazakhstan, Uzbekistan, Turkmenistan, Kyrgyzstan, Tajikistan, Azerbaijan, Belarus, Armenia, and Moldova.
Source: cnbctv18.com
India, US engaged in ‘very active, intense’ trade negotiations, says Jaishankar.
India and the US are engaged in 'active and intense' negotiations for a trade deal and the Trump administration has shown it is more open to forging a stronger partnership with New Delhi in crucial areas such as defence, energy and tech, external affairs minister S Jaishankar said on Wednesday.
Source: hindustantimes.com
Cambodia and India to firm up ties in trade, technology.
Cambodia and India yesterday agreed to enhance the existing collaboration in technology, trade, and investment as the two nations have enjoyed decades of diplomatic relations, with ongoing progress in multiple areas of collaboration. A consensus to the effect was agreed upon during a meeting between Sun Chanthol, Deputy Prime Minister and First Vice Chairman of the Council for the Development of Cambodia (CDC), and Vanlalvawna Bawitlung, the Indian Ambassador to Cambodia.
Source: khmertimeskh.com
India may play bigger role in global value chains soon.
The NITI Aayog is working on a programme to improve India's penetration into global value chains for the growth of domestic micro, small and medium enterprises (MSMEs), its chief executive BVR Subrahmanyam said on Wednesday. Observing that MSMEs are more affected by regulations than large companies, he said the PM has taken a major step towards deregulation and a task force under the cabinet secretary is working on it. Subrahmanyam was addressing a gathering after launching the 'Digital Excellence for Growth and Enterprise' (Dx-EDGE), a platform to empower MSMEs with the tools, knowledge and ecosystem needed to become future-ready, competitive and resilient.
Source: economictimes.indiatimes.com
GM technology is like ‘playing with nature’, says Agri Minister.
Agriculture Minister Shivraj Singh Chouhan on Wednesday said that genetically modified technology is 'like playing with nature', even if it helps increase productivity. He also indicated that there may be a further hike in the import duty on edible oils.
Source: thehindubusinessline.com
India's exports are bound to grow despite global uncertainties: DGFT.
India's exports are bound to grow in the coming years despite uncertainties over global trade and tariff, a senior government official said on Wednesday. Director General of Foreign Trade Santosh Kumar Sarangi said that exporters should tread the path pragmatically and wisely to navigate the current global trade contours. He also said that the current scenario presents a 'golden' opportunity for India to do a variety of things which will propel exports and increase manufacturing competitiveness.
Source: economictimes.indiatimes.com
3rd Session of India-Uganda Joint Trade Committee held in New Delhi.
The Third Session of the India-Uganda Joint Trade Committee (JTC) was held in New Delhi on 25th-26th March 2025. The session marked a significant step in strengthening India-Uganda trade relations after a gap of 23 years. Both sides reviewed the bilateral trade and agreed that the current trade volume does not reflect the full potential of economic collaboration. They resolved to take concerted efforts to enhance, deepen, and diversify bilateral trade. Discussions were also held on the formation of an India-Uganda Joint Business Forum to facilitate increased engagement between industry leaders from both nations.
Source: pib.gov.in
India surpasses Sri Lanka to become second largest tea exporter.
Finally, the Indian tea industry, which has been reeling under problems for years, has something to cheer about. According to data released by the Tea Board of India, India has exported 254 million kg of tea in 2024, thus becoming the second-highest exporter in the world. While Kenya retained the first spot in global tea exports, India surpassed Sri Lanka to take the second spot. Kenya exported over 500 Mkg of tea in 2024.
Source: timesofindia.indiatimes.com