Invest in India News

  • AMCHAM bats for free-trade pact between India, US

    The American Chamber of Commerce in Hong Kong, which is currently leading a delegation of US brands eyeing investment opportunities in India, has pitched for a free-trade pact between India and the United States.

     

  • Commerce Minister to meet exporters on September 11 to discuss measures to push shipments

    To push languishing exports on a higher growth track, Commerce Minister Piyush Goyal has called a meeting of stakeholders, including export bodies, to give suggestions on trade policy instruments that could stimulate development.

     

  • India, Russia agree to step up trade to $30 bn by 2025

    India and Russia on Wednesday decided to step up industrial cooperation and create new technological and investment partnership, especially in advanced high-tech areas, with an aim to increase bilateral trade to $30 billion by 2025.

     

  • Centre seeks states inputs on making Essential Commodities Act simpler

    The central government on Tuesday asked states for suggestions to make the six-decade-old Essential Commodities Act simpler by diluting certain stringent provisions that currently provide for jail term even for a minor offence. 

     

  • 'Big' India-UK FTA among discussions with PM Modi, says Boris Johnson

    British Prime Minister Boris Johnson on Tuesday said that a big free trade agreement (FTA) was among the key issues he discussed with Prime Minister Narendra Modi during their meeting on the sidelines of the G7 summit in BiarritzFrance, last month.

     

  • India, Russia want to diversify, strengthen bilateral relations: PM Narendra Modi

    Prime Minister Narendra Modi on Tuesday said he looks forward to discussing regional and international issues of mutual interest with Russian President Vladimir Putin during his visit to Vladivostok to attend the Eastern Economic Forum. 

     

  • Chile wants to expand India trade ties, says Rodrigo Yanez, country’s vice-minister of trade

    Chile, India’s sixth largest trade partner in the Latin American region, wants to expand relations with India. It is exploring avenues to increase knowledge sharing between the countries about each other’s production structures as well as to identify value chains.

  • Fintech to the aid of MSMEs: Cash-based financing, e-invoicing for GST could soon be reality

    In a series of recommendations made to the finance minister Nirmala Sitharaman on Monday to solve issues around the usage and adoption of financial technology in various areas, the Steering Committee on Fintech said that with respect to MSMEs, the Reserve Bank of India may look at having a cash-flow based financing for MSMEs, developing an open-API MSME stack based on TReDS data that is validated by GSTN along with a standardised and trusted e-invoice infrastructure designed around TREDS-GSTN integration, according to a statement

  • New connectivity routes to get push during Modi''s Vladivostok visit

    Prime Minister Narendra Modis visit to Vladivostok to participate in the 5th Eastern Economic Forum as Chief Guest and also to hold the 20th annual bilateral summit with Russian President Vladimir Putin will see the two sides give a major push to connectivity, through a proposed sea route between Chennai and Vladivostok and also the International North South Transport Corridor.

     

  • India seeks safety net as it readies massive dose of Russia investments

    India is seeking a bilateral investment protection treaty to safeguard prospective Indian investments in Russia as the two countries prepare to expand economic ties.

     

    Narendra Modi and Russian President Vladimir Putin will put their stamp of approval on the roadmap to spur Indian investments when they meet at Vladivostok next week.

  • New trade policy set to overhaul export subsidies

    The Central government, in a new foreign trade policy it is likely to unveil sometime next month, will recast export subsidy schemes with new WTO-compliant schemes that will give rebates and incentives to exporters. It is also working to see how to reduce import dependence on the top-50 goods that India exports.

     

  • Piyush Goyal asks bankers to ease export credit flow

    As export credit continues to contract, commerce and industry minister Piyush Goyal on Thursday held a meeting with senior public-sector bankers to push for easier and greater flow of loans at cheaper rates. This comes amid expectations that the government would soon announce a slew of steps to boost faltering export growth.

     

  • Improving ease of doing biz: Govt to identify what's slowing cargo movement

    he government is conducting a nationwide study, the first of its kind, to identify bottlenecks in cargo movement, in a bid to improve trade and Ease of Doing Business ranking.

     

    The study will be based on surveys. It will look at causes of delays in movement of consignment caused by regulatory constraints, logistical issues in supply chains, or lack of infrastructure.

  • Will sign preferential tariff agreement with India soon, says Iranian envoy

    Iran will soon sign a preferential tariff agreement with India that will slash tariffs on a large number of traded goods, Iranian ambassador to India Ali Chegeni said on Wednesday.

     

    Many important items will be made zero duty as part of the deal, with a commitment to reduce tariffs on many others, he said, addressing Indian investors at the PHD Chamber of Commerce.

  • Varanasi to become hub for fruit and vegetable exports

    The government aims to make Varanasi, also known as Benaras or Kashi, a fruit and vegetable export hub. Major production of fruits and vegetables grown in the region and adjoining districts will be branded as 'Benaras Brand' and 'Kashi Brand,' respectively and marketed and exported to the world market, and step towards making the country achieve the USD 5 trillion economy.