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BEML to expand Vande Bharat and metro trains; boost export revenue to 10%

The company is exploring potential markets in the Middle East, South America, and the ASEAN region.Read more

India targets key sectors to reduce import dependence under IPEF

The sectors under scrutiny include chemicals, automobiles, pharmaceuticals, advanced technology, electronics, and critical minerals, all deemed vital for national security and economic resilience.Read more

Bharat Forge Q1; Defence revenue up 147%, order book at Rs 54 billion

The profit was impacted by an exceptional loss of Rs 1.46 billion, including an impairment provision of Rs 1.45 billion related to its investment in Tork Motors Pvt. Ltd., where Bharat Forge holds a 64.29% stake.Read more

No PLI proposals for shipping container manufacturing; GOI

The PLI scheme, which was introduced in 2021, supports 14 sectors, including telecommunications, textiles, medical devices, automobiles, and more, with a total budget of Rs 1.97 trillion.Read more

GOI launches E-platform to connect exporters, MSMEs with stakeholders

The trade connect e-platform will offer valuable information on global trade events, the benefits of India's free trade agreements (FTAs), and other international trade data.Read more

Bangladesh crisis causes major losses to Indian auto manufacturers

Data from the Ministry of Commerce and Industry shows that Indian two-wheeler exports to Bangladesh were 3.6% by value in FY24, down from 3.69% in FY23 and 3.72% in FY22.Read more

India’s exports to reach $25 billion by 2030 without custom rule reforms; GTRI

China’s e-commerce exports totalled $331 billion in 2023, showcasing the potential for India if the right steps are taken.Read more

Auto component industry sees 9.8% rise with Rs 6.14 trillion trade surplus

Domestic component supply to original equipment manufacturers (OEMs) grew by 8.9% to Rs 5.18 trillion, with the electric vehicle (EV) manufacturing sector accounting for 6% of total component production.Read more

Budget 24-25: Customs duty reforms will help manufacturing and promote exports

New customs duty rates are proposed for commodities from lifesaving medicines to rare earth minerals.Read more

Vizhinjam Port to lessen time and costs by 40% for Indian manufacturers

The port, equipped with advanced facilities, including automated operations and modern infrastructure, aims to efficiently handle large ships. Read more

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