Imports

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...

Opportunities in Environment, AI and Energy, says Tomar India and Germany can strengthen trade partnership by participating in Supply Chain Management; Value Partnerships; Globalization; Digitalization and Innovation, Research, and Development. Opportunities in these sectors were suggested by Mark Hauptmann, Member...

Re-engaging in CECA Prime Ministers Narendra Modi and Scott Morrison led the India-Australia Leaders’ Virtual Summit on 4 June 2020, and stressed on further strengthening of ties between their two countries. We highlight the main points for the meeting from...

Needed: Liberalization of Indian agri sector India, Italy and Europe can be important players in promoting new, inclusive and sustainable globalization, Italian Ambassador Vincenzo De Luca said at a Webinar on 30 May 2020. In his address to FICCI webinar,...

India advocates stable oil market Petroleum and Natural Gas Minister Dharmendra Pradhan has urged crude oil producers to ensure affordable prices to allow for a consumption-led demand recovery. Addressing the G20 Extraordinary Energy Ministers’ virtual Meeting on 10 April 2020,...

India seeks defence technologies The Indian base defense expenditure (excluding pensions) is expected to grow at a CAGR of 10.46% in 2021-2025. India is expected to procure and invest in segments such as multirole aircraft, frigates, destroyers, corvettes, submarines, tanks,...

Container tonnage increased 1.02% Traffic handled at Major Ports from April to March 2020 increased 0.82% to 704.63 million tonnes from 699.10 million tonnes handled during the corresponding period of the previous year. During April to March 2020, Container tonnage...

Scanned-digital CoOs accepted FIEO has started the facility of the digital certificate of origin (both non-preferential and preferential, for which it is authorized) using FIEO’s online CoO system. This is in response to the challenges faced by the exporters during...

Moderate FTA utilization rate, reports Goyal India made a 7.1% cumulative average growth rate (CAGR) over five years in trade through bilateral Free Trade Agreements (FTAs) or Preferential Trade Agreements (PTAs) with Sri Lanka, Afghanistan, Thailand, Singapore, Japan, Bhutan, Nepal,...

LMG to enhance troops’ lethality The Acquisition Wing of Defence Ministry has signed a Rs.800 crore capital acquisition contract with Israel Weapons Industries for procurement of 16,479 Light Machine Gun (LMG). The contracted Negev 7.62X51 mm LMG is a combat...