Exports

India is projected to reach 1,784 million metric tonnes (MMT by) 2024 supported by increasing government initiatives to enhance capacity and utilization of the country's major and minor ports, according to a research report.

The untapped bilateral trade potential between India and Africa is more than US$42 billion, according to a joint study by the Exim Bank of India and Afreximbank.

The International North-South Transport Corridor (INSTC) is part of the wider bilateral trade promotion being worked on by India and Russia, according to a joint statement in Delhi on 5 Feb 2019.

Commerce and Industry Minister Suresh Prabhu has invited Monaco industries to invest in the Indian services sector which is expected to contribute US$3 trillion to India's GDP once it is a US$5 trillion economy in the next 5-6 years' time.

India’s imports from China surged to US$76.38 billion in 2017-18 from 2016-17’s US$61.28 billion, Minister of State of Commerce and Industry, C. R. Chaudhary, told Lok Sabha on 4 Feb 2019.

The Federation of Indian Export Organizations (FIEO) has signed two Memorandum of Understanding (MoUs) with the Ceylon National Chamber of Industries and Kabul Chamber of Commerce and Industries to further promote commerce and trade.

Marc Kikuchi will lead North America Generics business of Dr. Reddy's Laboratories Ltd. He was appointed as CEO in the Princeton office on 1 Feb 2019.

The Interim Budget, announced on 1 Feb 2019, addresses both the current challenges faced by the economy and outlines the vision for the future, said Sandip Somany, President of the Federation of Indian Chambers of Commerce and Industry (FICCI).

Over 95 Energy Ministers are expected at PETROTECH-2019, the 13 International Oil & Gas Conference & Exhibition, being organised under the aegis of the Ministry of Petroleum & Natural Gas, on 10-12 February 2019.

Kyrgyzstan and India are considering establishment of joint financing mechanisms to accelerate two-way investment and trade in a wide range of areas including energy, IT, mining, textiles, education, medical and pharmaceutical sectors.