New Delhi, March 19 (IANS) The Federation of Indian Export Organisations (FIEO) on Thursday welcomed the government’s timely announcement of the RELIEF (Resilience and Logistics Intervention for Export Facilitation) initiative under the Export Promotion Mission, aimed at supporting exporters impacted by the ongoing disruptions in West Asia maritime trade routes.Recent developments around the Strait of Hormuz and the wider Gulf region have led to significant challenges including vessel diversio…
Latest Ministry of Commerce and Industry News & Updates
New Delhi, March 19 (IANS) The time-bound Rs 497 crore RELIEF (Resilience and Logistics Intervention for Export Facilitation) scheme under the Export Promotion Mission (EPM) will support Indian exporters affected by extraordinary freight escalation, heightened insurance premia and war-related export risks arising from disruptions in the Gulf and wider West Asia maritime corridor, the government said on Thursday.The scheme has been structured to provide support across the export cycle by covering…
New Delhi, March 13 (IANS) The Ministry of Commerce and Industry on Friday said that India and the United States continue to remain engaged in discussions for a mutually beneficial bilateral trade agreement, rejecting media reports that suggested a pause in negotiations.In a statement, the ministry clarified that there has been no hold on bilateral engagement between the two countries.It said both sides are actively working towards a trade agreement that will benefit businesses and economic coop…
New Delhi, March 7 (IANS) The government on Saturday extended the deadline for fulfilling export obligations under certain export promotion schemes to August 31, 2026, to help exporters facing disruptions in global trade and shipping routes.The Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce and Industry, announced the decision through a public notice.The move comes amid ongoing geopolitical developments that are affecting global shipping routes, logistics corridors a…
New Delhi, March 7 (IANS) The government will restore full benefits under the export support scheme Remission of Duties and Taxes on Exported Products (RoDTEP) from April 1, according to exporters’ body Federation of Indian Export Organisations (FIEO) on Saturday.The move is expected to provide much-needed support to the exporting community, which has been dealing with multiple global challenges.“The assurance was given by the Directorate General of Foreign Trade during a meeting with the ex…
New Delhi, March 6 (IANS) India has steadily expanded its network of free trade agreements over the past few years to reach nine FTAs spanning as many as 38 countries, an official statement said on Friday.These agreements have been negotiated with openness, balance and the national priority of an Atmanirbhar Bharat, according to the statement issued by the Ministry of Commerce and Industry.Starting with India–Mauritius in 2021, the India–UAE Comprehensive Economic Partnership Agreement follo…
New Delhi, March 4 (IANS) India has highlighted the potential for growth in exports to Japan in sectors such as textiles, pharmaceuticals, agriculture, and services, at a high-level meeting in Tokyo, for achieving a more balanced bilateral trade relationship, according to a statement issued by the Ministry of Commerce and Industry on Wednesday.During the 7th Joint Committee meeting under the India–Japan Comprehensive Economic Partnership Agreement (CEPA) held this week, both sides reviewed iss…
New Delhi, Feb 24 (IANS) The first round of negotiations for the proposed India-Israel Free Trade Agreement (FTA) began in New Delhi and will continue until February 26, coinciding with Prime Minister Narendra Modi’s visit to Israel on February 25-26, the Ministry of Commerce and Industry said on Tuesday. The ministry said the timing of the talks provides fresh momentum to deepen economic ties between the two countries.The Terms of Reference (ToR) for the agreement were signed in November 2025…
New Delhi, Feb 23 (IANS) Women have been the biggest beneficiaries under the ‘Make in India’ initiative which created lakhs of direct and indirect jobs, Union Minister Ashwini Vaishnaw said on Monday.IT Minister said that ‘Make in India’ initiative has created jobs and provided skilling at an unprecedented scale.The Apple ecosystem alone has created at least 250,000 direct jobs, with 70 per cent beneficiaries being women. Moreover, the ecosystem has generated at least 7,50,000 indirect j…
New Delhi, Feb 21 (IANS) India’s pharmaceutical exports grew by 9.4 per cent in 2024–25 to reach $30.47 billion, and the industry is now preparing to achieve double-digit growth in 2026–27 with strong government support, the Ministry of Commerce and Industry said on Saturday.The interaction, organised on the theme “Scaling up Pharma Exports,” reflected the government’s focus on expanding India’s global footprint in medicines through closer coordination with industry and regulators….