New Delhi, May 5 (IANS) India and Canada began the second round of negotiations for a bilateral free trade agreement, with the two sides aiming to seal the deal by year-end. The five-day talks in New Delhi come on Monday ahead of the Commerce and Industry Minister Piyush Goyal’s scheduled visit to Canada at the end of this month to accelerate the momentum of the economic engagement as the two countries target increasing bilateral trade to $50 billion by 2030. “The attempt is to fast-track talks …
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New Delhi, May 4 (IANS) The India‑New Zealand free trade agreement sets a bilateral trade target of $5 billion over five years and will act as a gateway to Oceania positioning India as a primary partner in the Pacific region, a report said on Monday.The report from Brickwork Ratings said the pact also envisages $20 billion of foreign direct investment into India over 15 years and that near‑term FDI will reportedly target pharmaceuticals, agri‑tech and education.Emerging technologies and gr…
Nainod (Indore), May 3 (IANS) In a ground-breaking initiative described as the first of its kind in India, Madhya Pradesh Chief Minister Mohan Yadav announced that farmers will be direct stakeholders in the Indore-Pithampur Economic Corridor. Performing the Bhoomi Pujan for the project’s first phase, which is being executed at a cost of Rs 2,360 crore, Yadav emphasised that this model integrates landowners as partners rather than treating them as passive beneficiaries. The corridor, spanning I…
New Delhi, April 29 (IANS) India is targeting $2 trillion in total exports by 2030–31, comprising $1 trillion in merchandise exports and $1 trillion in services exports, the government said on Wednesday.The Department of Commerce has developed a structured Export Monitoring Framework, which breaks down the national target into sector-wise actions across Engineering Goods, Textiles, Electronics, Pharmaceuticals, Chemicals and Services, said Commerce Minister Piyush Goyal who chaired a high-leve…
Gandhinagar/Surat, April 29 (IANS) Preparations for the Vibrant Gujarat Regional Conference (VGRC) to be held in Surat on May 1 and 2 were reviewed in detail at a Cabinet meeting chaired by Chief Minister Bhupendra Patel in Gandhinagar, as the state moves to position the event as a key platform for regional industrial expansion and investment promotion. Following the meeting, government spokesperson and minister Jitu Vaghani said VGRC is intended to go beyond a conventional conference and act as…
New Delhi, April 27 (IANS) The Federation of Indian Export Organisations (FIEO) on Monday welcomed the signing of the India–New Zealand Free Trade Agreement, calling it a strategic milestone that will expand market access, deepen economic ties and create opportunities for exporters, especially micro, small and medium enterprises.FIEO President, S C Ralhan said that the FTA will open new bilateral trade avenues for Indian exporters across agriculture, textiles, pharmaceuticals, engineering good…
New Delhi, April 26 (IANS) Commerce and Industry Minister Piyush Goyal and New Zealand’s Minister for Trade and Investment Todd McClay met with leaders from the leather and footwear, AYUSH, pharma, medical devices, light engineering and sports goods sectors in Agra on Sunday.”Had an enriching engagement” with the business leaders and “was also joined by my friend Mr Todd McClay MP, Minister for Trade & Investment, New Zealand”, Goyal wrote on X.”Also, launched the ‘Agra: World Capital of F…
New Delhi, April 21 (IANS) India-linked tariff refunds on exports to the United States are expected to be in the region of $10 to $12 billion after the US authorities opened a $166 billion claims window for customs duties imposed by the Donald Trump administration that were later struck down by the courts, according to a report by Global Trade Research Initiative.The refund process opened on April 20, and claims can be filed only by US-based importers, which means Indian exporters have no direct…
Bhubaneswar, April 8 (IANS) Chief Minister Mohan Charan Majhi on Wednesday inaugurated and laid the foundation stones for 36 industrial projects with investments worth Rs 40,811 crore at Bhuinpur near Begunia in Khordha. Of these, 25 projects were inaugurated, while foundation stones have been laid for 11.While addressing a public meeting on the occasion, the Chief Minister said that Odisha is no longer just a state with vast potential but is now experiencing the touch of prosperity. He…
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…