Indian Exports Witness Consistent Growth News: India’s export performance from 2010 to 2023 has shown a steady upward trajectory, highlighting the strength and resilience of its trade sector. According to a UNCTAD report, India achieved a 6.3% growth rate in its share of global exports—the highest among major economies. This surpasses the European Union (3.9%),…

Magnet Shortage: Indian Companies Propose Supply Chain Strategies News: Amid a growing supply crunch of rare earth magnets following China’s export restrictions, several Indian companies, including domestic advanced material firms, have submitted proposals to the government to establish local magnet supply chains, according to a ToI report. The move aims to reduce dependence on China…

Government Conducting Extensive FTA Consultations to Protect Industry Interests News: Commerce and Industry Minister Piyush Goyal stated that the government conducts extensive stakeholder consultations before finalizing Free Trade Agreements (FTAs), ensuring domestic industry interests are protected. He emphasized that FTAs are negotiated with countries that complement India’s economy, aiming for mutual benefit. Join Our Community Future…

Indian Trade Faces Potential Disruption Amid Escalating West Asia Conflict News: Amid rising tensions in West Asia, India is closely monitoring the situation for potential trade disruptions. The government is particularly concerned about increasing insurance premiums and freight costs.  Join Our Community This follows Iran’s Parliament approving a proposal to close the Strait of Hormuz—a key…

Container Shipping Rates Climb Following U.S.-China Tariff News: Global container shipping rates surged this week, driven by a U.S.-China tariff truce that slashed duties on Chinese goods from 145% to 30%. The World Container Index jumped 41% to $3,527 per 40-foot container, with Shanghai–Los Angeles rates spiking 57% to $5,876.  Join Our Community The Shanghai Containerized…

India Vital to Global Supply Chains and Deserves G7 Inclusion News: Canadian Prime Minister Mark Carney emphasized India’s critical role in global supply chains and its position as the world’s fifth-largest economy, justifying the invitation extended to PM Narendra Modi for the G7 Summit in Alberta, June 15–17. Despite political opposition citing the ongoing investigation…

India Developing Alternative Supply Chains News: Commerce and Industry Minister Piyush Goyal stated that India is actively building alternative supply chains in response to China’s ban on rare earth exports, calling it a "wake-up call" for global overdependence on specific geographies. The move has impacted India’s auto and white goods sectors, particularly due to…

Goyal Explores Indian Shipping Opportunities News: Commerce and Industry Minister Piyush Goyal met Singapore’s Deputy PM Gan Kim Yong to discuss strengthening bilateral trade and investment, with a focus on India's shipping sector. Goyal highlighted India’s vast opportunities across sectors, especially maritime logistics, amid efforts to reduce logistics costs and boost trade.  Join Our Community The…

India Aims to Triple Air Cargo Handling Capacity by 2030 News: Prime Minister Narendra Modi, speaking at the IATA AGM and World Air Transport Summit in New Delhi, unveiled a bold vision to position India as a global aviation and logistics hub. He announced plans to triple air cargo capacity from 3.5 to 10 million…

India poised to gain from global supply chain realignments. News: India will be among the first Asian countries to sign a trade deal with the United States, enabling it to lower its reciprocal tariff to 10%, which is below the tariff rate on China, according to Nomura. Join Our Community “This should provide India with a…

India-Bangladesh Border Trade Hit Hard as DGFT Suspends Operations News: Cross-border trade between India's Northeast and Bangladesh has been severely disrupted since May 17 after the DGFT halted operations at key landports, including Akhaura ICP near Agartala. Hundreds of trucks were denied movement, with only limited essential goods like fish and cement allowed.  Join Our…

GMR Hyderabad International Airport to Acquire Full Stake in ESR GMR Logistics Park News: GMR Airports Ltd announced that its subsidiary, GMR Hyderabad International Airport Ltd (GHIAL), will acquire the remaining 70% stake in ESR GMR Logistics Park Pvt Ltd (EGLPPL) for over ₹41 crore, making it a wholly owned subsidiary. Currently, GMR Hyderabad Aerotropolis…