New Delhi, April 17 (IANS) In view of the evolving geopolitical situation in West Asia and its continuing impact on maritime logistics across the Gulf and adjoining regions, the government has expanded the list of eligible destinations under RELIEF – Resilience & Logistics Intervention for Export Facilitation, a time-bound intervention under the Export Promotion Mission (EPM), the Commerce Ministry announced on Friday.With this expansion, Egypt and Jordan have been added to the list of eli…
Latest Commerce Ministry News & Updates
New Delhi, April 15 (IANS) India’s total exports (merchandise and services) registered an estimated growth of 4.22 per cent at $860.09 billion in FY26, compared to $825.26 billion in FY25.The cumulative value of merchandise exports during FY26 was $441.78 billion, as compared to $437.70 billion during FY25, registering a positive growth of 0.93 per cent.According to the Commerce Ministry data, the estimated value of service exports during FY26 stood at $418.31 billion, against $387.55 billion …
New Delhi, April 15 (IANS) India’s merchandise trade deficit narrowed to $20.67 billion in March this year as the country’s exports rose 6.3 per cent to $38.92 billion from $36.61 billion in February, according to official figures released by the Commerce Ministry on Wednesday.Commerce Secretary Rajesh Agrawal said that India’s total exports for 2025-26 have crossed $860.09 billion to record a 4.22 per cent growth over the corresponding figure of $825.26 billion for 2024-25. India’s impo…
New Delhi, April 15 (IANS) A team of Commerce Ministry officials is scheduled to visit Washington, DC, next week for trade talks with their US counterparts, according to officials.The talks, being held ahead of US Secretary of State Marco Rubio’s visit to New Delhi next month, will focus on taking forward discussions that have already been held on the interim trade agreement between the two countries, said the official. Earlier, India and the United States decided to reschedule the official me…
New Delhi, April 10 (IANS) The Government of India is continuing its proactive and coordinated response to the evolving situation in West Asia, with the Commerce and Shipping Ministries convening high‑level stakeholder consultations to address emerging logistics, packaging, and shipping‑related challenges impacting India’s trade and export ecosystem, according to an official statement issued on Friday. Two important meetings were held, one under the chairpersonship of the Commerce Secre…
New Delhi, April 2 (IANS) The India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA), which completed four years on Thursday since it was first signed, has played a key role in propelling India’s exports and enhancing trade between the two countries.The agreement, signed on April 2, 2022, has created new opportunities for businesses, entrepreneurs, and employment in both countries over the last four years. India’s exports to Australia have more than doubled, rising from $4 b…
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…
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…