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…
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New Delhi, April 7 (IANS) FMCG companies should adopt contingency‑led supply‑chain planning, portfolio consolidation and revenue growth management to counter risks to India’s consumer products and retail industry from the US–Iran war, a report said on Tuesday.The report from EY India also urged sharper resource allocation, localisation, and backward integration across value chains.Sectors most exposed to oil, petrochemicals and global shipping—edible oils, textiles, paints, packaged fo…
Jaipur, April 3 (IANS) Rajasthan Chief Minister Bhajan Lal Sharma on Friday said that ensuring waterway connectivity for the transportation and export of goods from industries within the state is among the top priorities of the government, and directed officials to prepare a comprehensive report to advance the proposed Jawai–Luni–Rann of Kutch National Waterway (NW-48).Chairing a meeting at the Chief Minister’s Office on National Waterway-48, Sharma instructed the Inland Waterways Authorit…
New Delhi, March 10 (IANS) Assocham on Tuesday cautioned that a prolonged regional conflict in West Asia, amid escalating tensions involving the United States, Israel and Iran, could disrupt global trade and affect India’s energy supplies and exports.The apex industry chamber said India’s economy is closely linked to West Asian supply chains while also relying heavily on the Gulf region as a key export destination.The Middle East remains a major supplier of crude oil, liquefied natural gas (…
New Delhi, Feb 24 (IANS) The negotiations for the proposed free trade agreement between India and the Gulf Cooperation Council (GCC) were formally launched here on Tuesday with the signing of a joint statement by Commerce and Industry Minister Piyush Goyal and GCC Secretary General Jasem Mohamed Al-Budaiwi.”Amidst global uncertainties, it is most opportune that discussions are starting on negotiating a robust trading arrangement which would harness mutual synergies and complementarities,” Goyal …
New Delhi, Feb 5 (IANS) India is set to roll out the first tranche of its Bilateral Trade Agreement (BTA) with the United States in matter of days which will see a reduction in tariffs on domestic exports to 18 per cent, Commerce and Industry Minister Piyush Goyal said on Thursday.The minister said that a joint India–US statement is likely to be released in the next four to five days. Once an executive order is issued following the statement, the reduced 18 per cent US tariff on Indian goods w…
Thiruvananthapuram, Jan 16 (IANS) Kerala’s ambitious Adani Group-run Vizhinjam International Seaport project is set to enter a decisive new phase with the inauguration of its second stage of development on January 24, marking a major milestone in the state’s port-led growth strategy, an official statement said on Friday.According to the statement, Chief Minister Pinarayi Vijayan will inaugurate the construction works at a function scheduled at the port site at 4 p.m.The event will also witne…
New Delhi, Jan 16 (IANS) The CSIR Integrated Skill Initiative, a flagship national programme implemented by the Council of Scientific and Industrial Research (CSIR), has trained over 2 lakh workers across the country, the Ministry of Science & Technology said on Friday.“During phase I and II of the Initiative, more than 1.90 lakh individuals were trained, through 5200+ skill-based trainings, including special targeted initiatives for rural citizens and women,” the Ministry said.The third…
Gandhinagar, Dec 31 (IANS) With an aim to ensure uniform economic development across all districts and further strengthen Gujarat’s contribution to the national economy, Chief Minister Bhupendra Patel has directed officials to work towards increasing district-wise GDP, thereby accelerating the overall growth rate of the state, spokesperson minister Jitu Vaghani said. Addressing a press conference after a cabinet meeting held in Gandhinagar, Vaghani said the Chief Minister emphasised that Gujar…