New Delhi, March 18 (IANS) Stakeholders have emphasised the need for a holistic and balanced approach to rejuvenation of export-oriented industrial clusters, integrating infrastructure upgradation with capacity building, technology adoption, and improved market access, it was announced on Wednesday.During a post-Budget meeting organised by the National Industrial Corridor Development Corporation (NICDC), the importance of strengthening domestic manufacturing ecosystems, particularly in sectors w…
Latest Commerce Ministry News & Updates
New Delhi, March 13 (IANS) The Agricultural and Processed Food Products Export Development Authority (APEDA) has facilitated the first export consignment of 25 metric tonnes of GI-tagged Joha rice from Assam to the United Kingdom and Italy, the Commerce Ministry said on Friday.The consignment was dispatched on March 12 in collaboration with the Department of Agriculture, Government of Assam.Officials said the region holds strong potential for expanding exports while improving farmers’ incomes….
New Delhi, March 3 (IANS) India has set up a special inter-ministerial group to closely watch the fast-changing situation in West Asia and how it will impact trade, Union Commerce Minister Piyush Goyal said on Tuesday. The group will meet every day to monitor developments and assess how rising tensions in the region could affect India’s trade.Exporters in the country are worried that the growing conflict in West Asia, especially after joint attacks by the United States and Israel on Iran, coul…
New Delhi, Feb 23 (IANS) Union Finance Minister Nirmala Sitharaman on Monday said it is too early to assess the impact of the recent tariff changes announced by the United States, adding that the commerce ministry is currently reviewing the situation.FM Sitharaman remarks came after fresh trade tensions emerged following a decision by the US Supreme Court against sweeping import tariffs imposed earlier by the administration of Donald Trump.Subsequently, President Trump announced a 10 per cent ta…
New Delhi, Feb 16 (IANS) India’s combined merchandise and services exports recorded a 13.16 per cent increase to $80.45 billion in January this year, compared with $71.09 billion in the same month of the previous year, data released by the Commerce Ministry on Monday showed.The country’s merchandise exports rose 0.6 per cent year-on-year to $36.56 billion in January, despite the global economic uncertainties, the data showed.Cumulative exports of both merchandise and services (April–January)…
New Delhi, Feb 12 (IANS) India now has market access to 70 per cent of global GDP, in most cases at zero duty for domestic products, Union Commerce and Industry Minister Piyush Goyal said on Thursday.Speaking at an event here, Goyal said that nine Free Trade Agreements (FTAs) have been concluded in the last three years, covering 38 countries with strong per capita incomes, and most developed markets now have trade arrangements with India.“Agreements include the 27-nation EU bloc, four-nation E…
New Delhi, Feb 11 (IANS) India’s participation as ‘Country of the Year’ at the ‘BIOFACH Germany 2026’ underscores its growing role in the global organic ecosystem, an official statement said on Wednesday.The ‘BIOFACH Germany 2026’, world’s leading trade fair for organic products, was held in Nuremberg, and the Agricultural and Processed Food Products Export Development Authority (APEDA) led India’s participation with a prominent and high-impact presence, highlighting the countr…
New Delhi, Feb 6 (IANS) The India-Australia business case studies are evidence-based on how the trade agreement has translated into real opportunities and has been used by businesses for their growth, Commerce Secretary Rajesh Agrawal said on Friday.Jointly developed by the Indian Institute of Foreign Trade (IIFT) and Newland Global Group, the India–Australia Business Case Studies Compendium, titled “Pitch Perfect Australia-India: Perfect Conditions for a $100 Billion Partnership”, capture…
New Delhi, Feb 5 (IANS) India and the Gulf Cooperation Council on Thursday signed the Terms of Reference to guide the negotiations for the India-GCC Free Trade Agreement (FTA) The Terms of Reference (ToR), which will define the scope and modalities of the talks, were signed between Additional Secretary and Chief Negotiator, Department of Commerce, Ajay Bhadoo, and the GCC Secretariat General’s Chief Negotiator, Dr Raja Al Marzouqi, at the Vanijya Bhawan in the presence of Commerce and Industry M…
New Delhi, Jan 27 (IANS) With the India-EU trade deal, the country has secured unprecedented market access for more than 99 per cent of Indian exports by trade value to the EU that also bolsters the ‘Make in India’ initiative, the Commerce Ministry said on Tuesday, adding that along with India’s FTA with the UK and the European Free Trade Association (EFTA), the latest EU deal effectively opens up the entire European market for Indian businesses, exporters, and entrepreneurs.With this hist…