Invest in India News

  • Belarus-India trade expected at $600m in 2019.

    Belarus-India trade might reach about $600 million in 2019, Ambassador Extraordinary and Plenipotentiary of Belarus to India with concurrent accreditation in Bangladesh, Nepal and Sri Lanka Andrei Rzheussky told reporters in the run-up to his business meeting with honorary consuls at the Belarusian Chamber of Commerce and Industry (BelCCI), BelTA has learned.

     

  • $5 trillion economy dream doable, but need external capital flow at this rate; this SBI official says

    India’s economy needs external capital flow to grow at nine per cent and touch USD five trillion in the next five years, C Venkat Nageswar, Deputy Managing Director, International Banking Group  of the SBI said on Monday. Nageswar is currently visiting China to interact with various Chinese regulators and officials of Asian Infrastructure Investment Bank, the New Development Bank of the BRICS countries to discuss cooperation with the State Bank of India.

  • Basmati Rice Market in Europe is Expected to Reach $615 Million by 2023

    Europe Basmati Rice Market was valued at $491 million in 2016 is expected to reach $615 million by 2023, at a CAGR of 3.2% from 2017 to 2023. Basmati is a long grain aromatic rice grown traditionally in the Indian subcontinent. This extra-long slender grain becomes twice its original size upon cooking, possessing soft and fluffy characteristics. Basmati rice is distinctive among other aromatic long grain varieties of rice, which possess superior aroma, delicious taste, and distinct flavor.

  • All out support to exports to benefit from trade war: Goyal

    Commerce and Industry Minister Piyush Goyal said that India’s exports will reach US$ 1 Trillion when India becomes a US$ 5 Trillion economy.

     

    Speaking at a FIEO event, Goyal said India is destined to be a US$ 5 Trillion and exports have to rise to reach US$ 5 Trillion.

     

  • Cheer for MSMEs: This new government tool to boost your cargo movement at ports

    In order to boost global trade by weeding out bottlenecks in the clearance of goods at ports, the Department of Revenue is conducting India’s first national Time Release Study (TRS) —  a unique tool for countries to measure the actual time required from the arrival of goods to their physical release; assess the efficiency and effectiveness of each actor in the flow process of cargo; identify bottlenecks, identify opportunities for border management improvement etc., according to World Customs Organisation.

  • India an important trading partner, says Malaysia's industries minister ahead of Piyush Goyal meeting

    Palm oil prices within the agricultural commodities are trading at multi-week lows. India is the biggest importer of palm oil in the world and much of it comes from Indonesia and Malaysia — the two countries account for 85 percent of the global palm oil produce.

     

  • Prime Minister Narendra Modi, Ukrainian President vow to boost ties

     Prime Minister Narendra Modi on Thursday held a telephonic conversation with Ukrainian President Volodymyr Zelensky and vowed to strengthen bilateral ties. Modi congratulated Zwlensky on his success in the Ukrainian presidential elections and also extended felicitations for the victory of his 'Servant of the People Party' in the recently concluded parliamentary elections, the ministry of external affairs said in a statement. 

     

  • India and U.S. very close to resolving all trade issues

    India and the U.S. are very close to resolving all their trade-related differences, with Commerce Minister Piyush Goyal planning to meet the U.S. Trade Representative in the coming month, a senior Commerce Ministry official told The Hindu.

     

  • Govt, exporters discuss strategy to increase exports to US, China

    To help India maximise the benefits from the on-going tariff war between the US and China, Commerce and Industry Minister Piyush Goyal has asked exporters to flag concerns related to availability of land and labour, setting up of common effluent treatment plants, cluster development and necessary logistics support in ports, airports and customs.

     

  • India's exports need to contribute USD 1 trillion in economy: Piyush Goyal

    Commerce and Industry Minister Piyush Goyal on Wednesday said India's exports will have to contribute USD 1 trillion as the country aims to become a USD 5 trillion economy in the next few years. Speaking at an interactive session with the exporters, Goyal urged manufacturers and exporters to come forward with data and details which directly and indirectly add to the cost of exported products like cess paid on coal, electricity and royalty paid on mines. 

  • Odisha rasagola gets GI tag

    A year after West Bengal walked away with geographical indication (GI) tag recognition for rasgulla, the Odisha government reopened the battle for ownership of the delicacy and won the rights over ‘Odisha rasagola’.

     

  • Policy For double digit GDP growth, focus on boosting exports

    Indian exports did reasonably well in 2018-19 reaching a new milestone of $331 billion in merchandise and $204 billion in services. However, contraction in global demand, increasing protectionism and high volatility in currency and commodities have added to uncertainties casting their shadow on growth.

     

  • Commerce ministry proposes a new export incentives scheme

    The commerce and industry ministry has floated a cabinet note for a new export incentives scheme that would be compliant with the World Trade Organization (WTO) norms. 

     

     

  • Economic offenders serious threat to global stability, says India as it calls for joint BRICS action

    Terming economic offenders a serious threat to the world’s economic stability, India has urged the BRICS nations to continue to work together against such lawbreakers and fugitives.

  • UK needs an India reconnect under new PM Boris Johnson

    anity, thy name is Boris Johnson. A man who, even as a child, wanted to be world king and had been dreaming of the prime minister's office for years finally entered 10 Downing Street last week, adding another turn to the seemingly never-ending saga of Brexit.