India’s free trade agreement (FTA) talks with the European Union have sparked an interest from overseas investors and manufactures in the country. The World Trade Center (Pune) is receiving 10-15 inquiries every week from European companies who are keen to manufacture or distribute from India. “There is an influx of inquiries from Europe for India … Read more
An India-UK free trade agreement (FTA) is really important for both nations and it is for businesses on both sides to help drive that agenda, UK Minister for Investment Lord Dominic Johnson said in London on Tuesday. Addressing a UK-India Infrastructure Summit hosted by the City of London Corporation as part of the India Global … Read more
India’s merchandise exports contracted 10.3% year-on-year in May to $34.98 billion from $39 billion a year ago, data released on Thursday showed. Imports also shrank 6.6% on-year to $57.1 billion from $61.13 billion, leaving a trade deficit of $22.12 billion in May from $22.13 billion a year ago. Commerce Secretary Sunil Barthwal said headwinds still … Read more
United Kingdom House of Lords Member Baroness Verma on Saturday said the UK and India will have a great Free Trade Agreement (FTA) deal and that the negotiations between the two countries are going well. Baroness Verma told ANI, “I think first of all my expectations are we’re going to have a great FTA and … Read more
India is not seeking to reverse the benefits of globalization, but is asking that it be made more transparent, Union Finance Minister Nirmala Sitharaman said Monday. “It’s not to say that we have to reverse the benefits of globalization. It is more to say, make globalization more transparent,” Sitharaman told a prominent American think-tank Peterson … Read more
Congress President Mallikarjun Kharge with senior party leader Sonia Gandhi during the 85th Plenary Session of the Indian National Congress, in Raipur on February 25, 2023. | Photo Credit: PTI Congress economic resolution identifies job creation as the cornerstone of policy making The Congress, terming employment generation as the core and foundation of its draft … Read more
India and the UK have agreed to make further progress on the ongoing negotiations for a free trade agreement (FTA) and also to swiftly organise the next bilateral Economic and Financial Dialogue soon, the British government said on Saturday. At the conclusion of UK Chancellor Jeremy Hunt’s India visit for the G20 Finance Ministers and … Read more
Cricket bat and pad exports from the UK to India could be in line for a big boost if a free trade agreement (FTA) between the two countries gets finalised, the UK government has said. The Department for International Trade (DIT) issued the update on Saturday following the sixth round of FTA negotiations wrapped up … Read more
The UK’s minister driving the free trade agreement (FTA) negotiations with India said on Wednesday that the Diwali deadline set for a deal is a good “landing point” as there is “real optimism” on both sides. UK Secretary of State for International Trade Anne-Marie Trevelyan was giving evidence to the House of Commons International Trade … Read more
India’s foreign trade is in comfortable position and the time has come for India to engage more with the world, Commerce and Industry Minister Piyush Goyal said on Saturday. The minister called upon the captains of Indian industry to set ambitious targets as the economy is poised for a sustained spell of rapid growth. Addressing … Read more