Exports

Modi highlights Rs.50,000cr coal infra spending A two-stage electronic auction process is being adopted for allocation of the coal mines in 41 blocks, auction for which was launched by Prime Minister Narendra Modi on 18 June 2020. He informed of...

Trade target: $20bn by 2030 The importance of 20-year old International North-South Transport Corridor (INSTC) was once again highlighted for its 11-member states and target of achieving a trade of US$30 billion by 2025, up from US$8.2 billion at present....

Singhal calls for more reforms The Indian Special Economic Zones (SEZs) has made significant progress in increasing exports to US$112 billion in 2019-20 from around US$5 billion in 2005-06. This update was given by Dr L B Singhal, Development Commissioner,...

Birmingham underlines the Indian market importance Indian industry is prepared to engage more deeply to increase investments, trade, and commerce between the Indo Pacific region together with their Australian counterparts. This was underlined at the virtual summit between India and...

Reiterated Demand for Export Development Fund FIEO President Sharad Kumar Saraf has called for a special economic package for the labour-intensive export sector which would help revive India’s foreign trade sector. He made the call as global trade forecast showing...

India joins the club of progressive economies India has taken a first step towards the free-market pricing for natural gas with the launch of the Indian Gas Exchange (IGX) in an e-ceremony on 15 June 2020. Speaking at the commencement...

Planned: Bulk Drug Parks Exports of Pharmaceutical products need incentives, while it is necessary for build manufacturing plants to cater to global markets, says Sudarshan Jain, Secretary-General of the Indian Pharmaceutical Alliance (IPA). “We are on our way to having...

Indian LOCs extended to 62 countries The Export-Import Bank of India (Exim Bank) has extended US$215.68 million Line of Credit (LOC) to Malawi for export-oriented Drinking Water Supply Schemes and Other Development Projects. The LOC Agreement, signed in New Delhi...

Kochhar sees sales growth in 12 months New Delhi-based Naari Pharma Private Limited has entered into a definitive asset purchase agreement to acquire 10 Abbreviated New Drug Applications (ANDAs) for the U.S. market from Intas Pharmaceuticals Ltd of Ahmedabad. The...

Chambers keen to sign MoU The Indian Ambassador to Yangon, Saurabh Kumar, sees trade expansion between India and Myanmar in areas such as pharmacy, healthcare, transport, Food Processing, Steel, Renewable Energy, communication, Education and others. Underlining the traditional trade ties...