Imports

Skechers U.S.A., Inc. (NYSE: SKX), a global leader in the footwear industry, has purchased the minority share of its Indian joint venture, transitioning the business to a new wholly-owned subsidiary for gaining market share in India.

India has signed a big contract to acquire for 72,400 assault rifles for about Rs.700 crore, reported Press Trust of India on 12 Feb 2019, citing Defence Ministry officials.

The Indian Government is trying to encourage private and state-owned mills to go for overseas asset acquisitions for raw material as a supply security, said Minister of State for Steel, Vishnu Deo Sai.

The Defence Ministry is shortlisting potential Indian Strategic Partners and foreign Original Equipment Manufacturers (OEMs) for the ‘Procurement of 111 Naval Utility Helicopters (NUH) for the Indian Navy.

A new facility Bidadi, a Karnataka town on Bengaluru-Mysuru expressway, has started manufacturing branded products such as HOFFMAN and SCHROFF to the British and American standards.

India’s exports to China is improving after several years and is poised to achieve its highest ever shipments to the Chinese market this fiscal with more trade protocols being signed.

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.

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.