Exports

Admiral Karambir Singh, Chief of the Naval Staff, Indian Navy, said that there is enough headroom in mercantile marine sector for India to attain the critical mass and become a hub for defence shipbuilding.

Twenty-seven focus sectors have been identified to showcase India’s advances in space, pharmaceuticals, information technology, renewable energy and telecom sectors and also India’s strength in innovation and start-ups at the Dubai World Expo 2020.

Foreign Original Equipment Manufacturers (OEMs) are now not required to indicate the details of Indian Offset Partners (IOPs) and products at the time of signing of contracts, Rajya Sabha was told on 22 July 2019.

The government is taking necessary steps to further reduce the licencing time for exporting sensitive and dual-use Special Chemicals, Organisms, Materials, Equipment and Technologies (SCOMET) from India.

Ministerial level delegations are expected at the 11th biennial edition of DefExpo India-2020 which is scheduled to be held for the first time in Lucknow on 5-8 February showcasing Indian defence industry capabilities and promote export potential.

Petroleum and Natural Gas Minister Dharmendra Pradhan has cautioned energy businesses, calling on them to think out-of-the-box and be prepared for disruptive trends.

The Indian government seems to have given a signal of its plan to remove export subsidies at a time when the global economy is facing unpredictable headwinds while export opportunities are emerging from the ongoing the US-China trade war. All...

The world economy is being further aggravated by the US-China Trade war and developments in Iran, said the Federation of Indian Export Organizations President Sharad Kumar Saraf.

An authoritative report in the United States has suggested that India and US should chart a map toward a Free Trade Agreement as recent negotiations have failed, putting such a pact out of reach in the immediate future.

With the recent Budget batting in favour of fiscal consolidation, India’s 10-Year (generic) bond yields have corrected sharply – from 6.75% ahead of the budget to 6.45% on 15 July 2019.