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With tariffs on 99% of Indian goods entering the UK market set to be reduced to zero, the agreement is expected to create substantial advantages for key labour-intensive sectors.
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Berlin police intervened to halt a pro-Palestine conference shortly after its commencement, citing the presence of a speaker banned from political activity. The police also imposed a ban on the event.
In a historic development, India's defence exports reached an all-time high level of ₹21,083 crore in financial year 2023-24 with a 32.5% growth in FY24 compared to the previous financial year.
Big Bang Boom Solutions Pvt. Ltd. (BBBS), India's fastest-growing defense sector start-up, has secured a significant order worth more than Rs. 200 Crores from the Indian Air Force and the Indian Army.
As a diplomatic crisis struck between India and Thailand, Bangkok replaced its Ambassador to the World Trade Organization (WTO), Pimchanok Vonkorpon Pitfield, after New Delhi protested against her remarks on New Delhi's rice procurement programme.
The Bangladesh government has given permission to traders to export nearly 4,000 metric tonnes of Hilsas , fish popular with Bengalis, to India ahead of West Bengal's biggest festival, Durga Puja
India’s defence exports have skyrocketed to an all-time high, touching nearly the Rs 16,000 cr mark in FY 2022-23
Nepal has exported 6,69,680 kg of tomatoes to India via three border points within two weeks, records at the customs office along the border have shown. Each kilogram of exported tomatoes was priced at Nrs. 12 which amounts to about 8.036 million Nepali rupees (60,486.42 USD).
India has surpassed China to become the world's second-largest exporter of agrochemicals. Ten years ago, the position was sixth, according to the most recent WTO data.
Asian rice trade paused on Friday to digest the previous day’s ban by India, by far the world’s biggest supplier, of a major share of its exports of the staple, with prices expected to climb substantially in coming days, three traders said.
This article is a summary of important events that have taken place in last one week affecting, India's national security. The development and deployment of neuro weapons or brain weapons by China, would represent a significant threat to global security and stability.
Apple's iPhone exports from India reportedly surged ₹10,000 crore in May this year, according to Economic Times. In April and May 2023, smartphone exports crossed ₹20,000 crores, more than double ( ₹9,066 crores) in the same period last year, according to the India Cellular and Electronics Association.
India's defence exports have reached an all-time high worth nearly Rs 16,000 crore in 2022-23, surging from a mere Rs 686 crore in 2013-14. This 23-fold increase reflects India's progress in the global defence manufacturing sector.
Secretary Department of Defence R-D and Chairman of Defence Research and Development Organisation ( DRDO ) Samir V Kamat assured all possible support to make India a net defence exporter.
India’s overall export in 2022-23 rose by 14 percent standing at $775.87 billion and almost $100 billion more than last year, according to the latest data by the Commerce Ministry. Meanwhile, exports have crossed by $450.43 billion and services exports have gone up to $325.44 billion.
This shift towards electronics is due to the increase in the export of mobile phones, with estimates suggesting that over $11 billion worth of mobile phones were exported last fiscal year. India’s impetus towards establishing a mobile phone manufacturing industry within its borders has been the predominant catalyst for the surge in electronics exports.
Union minister Piyush Goyal on Sunday said the world is now looking up to India and its industries. This is the right time for entrepreneurs and industry players to grasp the opportunity and grow exports. Entrepreneurial abilities in the country with innovation, new ideas, and new ways of marketing and branding products can unleash the true potential of the country, the Commerce and Industry Minister said while addressing the 49th India Gem and Jewellery Awards.
A company from Gujarat's Surat, VD Global has found a "diamond within a diamond", which is rarest of all finds till date. Reportedly, the company has named the 0.329-carat diamond as the "Beating Heart".
The country’s goods exports touched $447 billion at the last count for 2022-23 fiscal as against $422 billion in 2021-22, Union Commerce and Industry Minister Piyush Goyal said on Tuesday. The final export and import data for 2022-23 would be released by the middle of April.
Defence Minister Rajnath Singh on Apr 1 shared that India’s defence exports have reached an all-time high of Rs. 15, 920 Crore in the Financial Year 2022-2023. In a tweet, Defence Minister Rajnath Singh said, it is a remarkable achievement for the country.
Export of electronic goods from India increased from Rs 39,978 crore in 2016-17 to Rs 1,09,797 crore in 2021-22, showing a compound annual growth rate (CAGR) of 22.39 per cent. According to data released by the ministry of electronics and IT, the country's electronics export is expected to reach Rs 1.76 lakh crore in 2022-23.
The country's seafood exports are likely to reach an all-time high of US$ 8 billion in FY 2022-23 despite three years of a sluggish global market caused by the pandemic, logistical hurdles, and strict inspections of shrimp consignments.
The government is considering extending the wheat export ban in order to replenish its local reserves. According to government sources cited by agencies, the the decision on extension of the wheat export ban is likely to take place in March.
PM Modi detailed the employment opportunities that have arisen in the nine years of his government's tenure so far while also stressing on the 'Atmanirbharta (self-reliance) in various sectors.
India’s merchandise trade crossed the $ 1 trillion mark in the calendar year 2022 with the share of exports at $450 billion and imports at $723 billion. This comes amid growing uncertainty on the external front. Outbound shipments grew 13.7 percent year-on-year (YoY) in 2022, while imports rose by 21 percent, commerce and industry ministry’s data showed.
The government is actively considering lifting some of the restrictions imposed on rice exports in the wake of the improved stock position. Paddy procurement by the Food Corporation of India and state agencies in the current season (October 2022-September 2023) rose 8% on year to 57.4 million tonnes (MT) till Monday, which has given a boost to the buffer.
Reports previously revealed that China was the primary location of about 44-47 per cent of Apple suppliers" production sites until 2019. Now the scenario is changing gradually, especially after simmering tensions between the United States and China.
Moroccan Royal Armed Forces has received a total of 92 six-wheel military trucks manufactured by the Indian aerospace, defense, and military company Tata Advanced Systems. The new shipment is part of Morocco’s efforts to diversify its arms purchases.
Netherlands and Brazil have jumped ahead from their previous positions on India's list of export destinations in the ongoing fiscal year. Citing commerce department data, the report highlights that the Netherlands is now India's third-largest export destination.
In a huge development, for the first time, India is likely to record Rs 17,000 crore in defence exports in 2022-23.
The government has withdrawn the export duty on iron ore lumps and fines with below 58 percent iron content, iron ore pellets, and the specified steel products including pig iron, with effect from Saturday, November 19, 2022. The import duty concessions on anthracite / PCI coal, coking coal, coke, semicoke, and ferronickel have also been withdrawn.
The Indian firm Kalyani Strategic Systems Limited on Wednesday announced that it has received an order worth USD 155 million for supplying howitzers
Russia has become India's top oil supplier in October, surpassing traditional sellers Saudi Arabia and Iraq, according to data from energy cargo tracker Vortex.
In today's industrialized world, steel is an essential material for producing many products. From many luxurious products like cars, motorcycles, and heavy machinery to things that we use daily, steel is used in various forms.
Today, everyone consumes a large amount of milk in India. Nowadays, milk is also easily available at any grocery shop or at independent milk shops. Today's generation can hardly imagine standing in a queue for milk.
Recently India has imposed a ban on the export of broken rice and imposed a 20% export duty on non- Basmati rice except for parboiled rice. A few months back, India had banned the export of wheat also. India’s steps have raised concerns for many countries.
The government is actively studying the issue of export duty which was imposed on certain grades of steel in May this year. The matter is being discussed at the highest level, Union steel minister Jyotiraditya Scindia told reporters at the National Management Convention organized by the All India Management Association (AIMA).
India's merchandise exports for August have been raised to $33.92 billion from the preliminary estimate of $33 billion, data released by the commerce ministry on September 14 showed.
India's exports have taken a knock with demand crashing in several developed world economies as record-high inflation and its stiff monetary antidote dent consumer sentiment.
India banned exports of broken rice and imposed a 20% duty on exports of various grades of rice on Thursday as the world's biggest exporter of the grain tries to augment supplies and calm local prices after below-average monsoon rainfall curtailed planting.
India, believed by many to have the potential to become the next China, is finally making headway in the export market as it broke into the top 5 suppliers of Christmas decorative items and t-shirts to the US.
India's exports rose by 11.51 percent to USD 36.27 billion in July while the trade deficit almost tripled to USD 30 billion during the month due to an over 70 percent rise in crude oil imports, according to official data released on Friday.
Bangladesh is lagging behind in the world market even though the quality of the leather is good as the traders are forced to export leather to China at low prices. As per the guidelines, those who sell leather must have a Leather Working Group (LWG) certificate, the only institution in the country that has that full certificate.
The country's electronic goods exports surged about 42 percent to nearly Rs 1.17 lakh crore in the last fiscal, the government informed Parliament today. The country has witnessed a huge jump in both manufacturing and exports of electronic goods in the last five years, Minister of state for electronics and IT Rajeev Chandrasekhar said in a written reply to the Lok Sabha.
India’s exports of agricultural and processed food products rose 14% on year in the first three months of FY23 to $5.98 billion, the commerce and industry ministry said in a statement on Sunday.
As a gesture of goodwill, Tripura Chief Minister Manik Saha sent a consignment of 100 packets of Queen pineapple to Bangladesh Prime Minister Sheikh Hasina as a gift continuing with the latter's fruit diplomacy.
Russia and Ukraine on Wednesday made substantive progress in their first direct talks since March on a deal to relieve a global food crisis caused by blocked Black Sea grain exports.
While giving the briefing to UN Security Council, Msuya said that commercial wheat imports from India have emerged as a key supply line for Yemen in the wake of the Ukraine war.
Defence exports have crossed the highest ever figure of Rs 13,000 crore in Financial Year 2021-22, with 70% contribution coming from the private sector and the remaining 30% from the public sector
After a ban on wheat exports, the central government has now curbed exports of wheat flour and other related products and said their exports will be subject to the recommendation of the inter-ministerial committee (IMC) on the export of wheat, according to a notification from the Directorate General of Foreign Trade (DGFT). The arrangement will come into force from July 12.
