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Commerce Minister Goyal unveils trade connect ePlatform to boost MSME exports

Functioning as an intermediary platform, the Trade Connect ePlatform will facilitate connections between Indian exporters, entrepreneurs, and various international trade stakeholders, as explained by a senior official.Read more

India raises concerns over data privacy in compliance with EU’s CBAM

The CBAM, the world's first system imposing carbon emission tariffs on various imported items, is set to be effective from 2026.Read more

Indian Footwear Industry eyes $90 bn market by 2030 with strategic measures: Report

The current valuation of the Indian footwear market stands at $26 billion, and the GTRI anticipates it reaching $90 billion by 2030.Read more

RoDTEP Scheme Extended to E-Commerce Exports for Boost in Trade Benefits

Implemented three years ago, the RoDTEP scheme involves refunding non-creditable central, state, and local levies embedded in the inputs paid by exporters.Read more

India eyes duty concessions on EVs through bilateral FTAs, ruling out Across-the-Board cuts

The preference for FTAs arises from the challenge of implementing a uniform duty cut for all companies, making bilateral agreements more viable.Read more

India's 2023 exports decline 5.3%, electronics shines amid challenges

According to the Global Trade Research Initiative (GTRI), India's merchandise exports are projected to decrease to $429 billion in 2023 from $453 billion in 2022, representing a 5.3% fall.Read more

India's Long-Term Foreign Investment Outlook Strong despite Recent Dip: DPIIT secretary

Rajesh Kumar Singh, the secretary in the Department for Promotion of Industry and Internal Trade (DPIIT), emphasised that ongoing geopolitical conflicts and economic challenges in advanced economies would not significantly impact foreign direct investment (FDI) flows to India.Read more

India seeks to justify RoDTEP reimbursements amid US countervailing duties

This initiative follows the recent imposition by Washington of countervailing or anti-subsidy duties on certain Indian products in response to the RoDTEP scheme implemented for outgoing shipments in January 2021.Read more

India's Trade Deficit Narrows to $20.58 bn in November, Imports Drop 4.3%

Conversely, exports experienced a more modest contraction of 2.8%, reaching $33.90 billion, down from $34.89 billion in the corresponding period last year.Read more

Govt halts expansion of PLI Scheme, focusing on strengthening existing sectors

It is anticipated that a decision on enlarging the list of sectors eligible for incentives to bolster domestic manufacturing capabilities will be deferred until the formation of a new central government next year.Read more

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