Business
Regional cooperation in trade and investment as well as energy and regional connectivity is set to get an impetus as India hosts the 1st BIMSTEC Business Summit in New Delhi from August 6-8, 2024.The first edition of the Business Summit aims to foster greater regional collaboration through robust tr...
In a significant milestone, India has solidified its position as the world's second-largest producer of aluminium, reflecting the country's robust industrial growth and expanding capabilities in the non-ferrous metal sector. This achievement is underscored by the latest data from the first q...
India's seafood exports achieved a record high in volume for the financial year 2023-24, overcoming challenges in major export markets like the USA, EU, and the UK. The country exported 1,781,602 metric tons (MT) of seafood worth ₹ 60,523.89 crore (US$ 7.38 billion), a 2.67% increase in q...
A significant contributor to India's solar energy expansion is the potential to exploit floating solar photovoltaic (FPV) technologyIn a significant milestone for renewable energy, India has overtaken Japan to become the third-largest solar power generator in the world in 2023, according to a re...
The Indian government has greenlighted an ambitious infrastructure project to revamp and expand a critical 135 km road stretch of NH-208 from Khowai to Harina in Tripura. The project was approved at a meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra...
Senior officials from India and the US met in New Delhi on Thursday (December 7, 2023) to take forward the discussions of the India-US Strategic Trade Dialogue (IUSSTD) launched in June 2023.The meeting of the Monitoring Mechanism for IUSSTD covered issues related to export controls and exploring wa...
India and Sri Lanka have relaunched negotiations on an Economic and Technology Cooperation Agreement (ETCA) by holding the 12th round of negotiations in Colombo, Sri Lanka from October 30, 2023 to November 1, 2023.The pact aims to comprehensively enhance bilateral trade and investments in new and pr...
India's online payments platform, the Unified Payments Interface (UPI) has achieved a remarkable milestone by crossing 10 billion transactions in a month for the first time since it was launched. According to the National Payments Corporation of India (NPCI), the total number of UPI transac...
Top officials from India's Ministry of Finance and the US Department of Treasury met in New Delhi last week to discuss a range of economic and financial issues including recent developments in the area of cross-border payments.The meeting, held on August 3, 2023, was their second sub-ministerial...
India has witnessed a significant surge in the number of Foreign Tourist Arrivals (FTAs) during the year 2022 as compared to the previous year.According to information provided by the government in Parliament on Thursday, India recorded 6.19 million Foreign Tourist Arrivals (FTAs) in 2022, up signif...
India's defence exports achieved a record high of Rs. 15,920 crores in FY 2022–2023, Defence Minister Rajnath Singh announced on Saturday.In response to Defence Minister Singh's announcement on Twitter, Prime Minister Modi tweeted, "Excellent! A clear manifestation of India’...
Union Minister of Commerce and Industry Piyush Goyal will be on an official visit to New York and Washington DC from January 9-11 to participate in the India-US Trade Policy Forum meeting.According to an official press release issued on Sunday, Goyal will attend the 13th Trade Policy Forum (TPF) mee...
India is setting global benchmarks for digital infrastructure in fields like digital payments and telecom technology, Defence Minister Rajnath Singh has said.Speaking at the Swami Rama Himalayan University's 5th convocation in Dehradun, Uttarakhand, on Saturday, Singh also emphasized how much ex...
India and Bangladesh have agreed to start negotiations for a free trade agreement at an early date. The decision was taken in a meeting between Commerce and Industry Minister Piyush Goyal and his Bangladeshi counterpart Tipu Munshi on Thursday.During the meeting, both sides held comprehensive discus...
India and the Gulf Cooperation Council (GCC) have announced that they would resume talks on a proposed Free Trade Agreement (FTA).Addressing a joint press conference in New Delhi on Thursday, Union Commerce and Industry Minister Piyush Goyal and GCC Secretary General Nayef Falah M Al-Hajraf announce...
Union Minister of Commerce and Industry Piyush Goyal has highlighted the significant expansion of India-U.S. economic ties, which has been fuelled by a shared interest in advancing sustainability, emerging technologies, globally resilient supply chains, and small businesses.Addressing the India-US C...
India will be able to produce 25% of its crude oil demand by 2030, Union Minister of Petroleum and Natural Gas Hardeep S Puri has said.Speaking with the media at the three-day South Asian Geoscience Conference Geo India 2022 on Friday, Puri noted that the Indian petroleum industry "is at the cu...
India and the UK are interested to conclude the Free Trade Agreement (FTA) at the earliest and intensive discussions are underway so that it proves to be a win-win situation for both sides, the Ministry of External Affairs (MEA) said on Friday.Responding to a question on the status of the FTA at the...
The 5th assembly of the International Solar Alliance (ISA) will be held in New Delhi from October 17 to 20, the Ministry of New and Renewable Energy has announced. Ministers, missions, and representatives from 109 member and signatory countries are scheduled to attend.Union Minister for Power and Ne...
India has become the world's largest producer and consumer of sugar and its second-largest exporter, according to the Ministry of Consumer Affairs, Food & Public Distribution.More than 5000 lakh metric tonnes (LMT) of sugarcane were grown in the nation during the sugar season (October to Sep...
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