Imports

In order to ensure due compliance of the FDI policy on e-Commerce, Press Note 2 (2018) has been issued by Ministry of Commerce and Industry, putting in place certain conditions.

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.

The Defence Ministry has approved the acquisition of around 73,000 assault rifles from the US under fast track mode, according to media reports on 2 Feb 2019.

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.

Efforts are being made in reducing the product delivery cycle for exports/imports, said Ganesh Kumar Gupta, President of the Federation of Indian Export Organizations (FIEO).

Singapore’s Changi Airport is scoring well with growth in passenger traffic to and from India, with 4.76 million passengers handled in 2018, making India its sixth largest market.

Prime Minister Narendra Modi has dedicated to the nation and laid foundation stone for projects in Kerala on 27 Jan 2019, including the Integrated Refinery Expansion Project Complex (IREP).

Singapore, with market size of US$327 billion, had always been an important strategic trading post, giving India trade access to the Far East, said Ganesh Kumar Gupta, President of the Federation of the Indian Export Organizations on 25 Jan 2019.

The Cabinet has given ex-post facto approval for amendment to the 'Framework on Currency Swap Arrangement for SAARC Member Countries' to incorporate a 'Standby Swap' amounting to US$400 million.