Imports

Adani Ports & SEZ Ltd (APSEZ) and Germany’s Wilhelmshaven Freight Village Container Terminal are promoting trade and container shipping business between their ports.

India is expected to lease out more acreage for exploration, reaching a total of 300,000 sq km by end of this year with two more bidding rounds, said the Petroleum and Natural Gas Ministry on 16 July 2019.

Commerce and Industry Minister Piyush Goyal has emphasized on leveraging on opportunities in the United Kingdom, particularly post-BREXIT scenario.

The Government is looking for ideas from all sides to strengthen and to give confidence to international investors, with the best of technologies, to come to India and invest.

Houston-based Virtual Integrated Analytics Solutions, Inc. (VIAS), a Value Solutions Platinum Partner of Dassault Systèmes, has expanded to India as an authorized Reseller of Dassault Systèmes software solutions portfolio.

Russia has called for focus on strategic economic cooperation with India at a bilateral meeting held on 10 July 2019 in New Delhi.

Commerce and Industry Minister Piyush Goyal has highlighted India’s concern on the import quota restrictions faced in Indonesia by the Indian auto and auto component industries on completely built up units (CBU) and tyres.

The Indian Industry is not convinced that Regional Comprehensive Economic Partnership (RCEP) will create a win-win situation for all by ensuring balanced outcomes in an across the key pillars, particularly goods and services.

In a significant development, import of Defence Equipment not manufactured in India has been exempted from Basic Customs Duty under the Budget 2019-20 tabled in Parliament on 5 July 2019 by Finance Minister Nirmala Sitharaman.

The first ever India International Cooperatives Trade Fair (IICTF), unique initiative for taking farmers, artisans and other members of cooperatives directly to the global trade arena, is to be held in New Delhi 11-13 October 2019.