Key Points
India is mulling mega trade fairs for food, textiles and auto components, on the lines of Messe Frankfurt, Gulfood and Canton Fair, to achieve 12% growth in goods exports by 2030..
These suggestions figured in a meeting held by commerce and industry minister Piyush Goyal with industry and exporters on Monday.. Officials said investment promotion arm Invest India, which is also drawing up the countrys trade strategy, has identified 100-odd companies across 30 sectors and 30 countries, and around a 100 more being shortlisted as part of the Strategic Investment Targets Initiative..
The commerce and industry ministry has identified 12 priority countries including the US, Canada, Germany, Brazil and South Korea where Indian exporters would do global exhibitions...
You might be interested in
Commerce ministry asks exporters to focus on potential sectors, key markets to boost exports
03, Jul, 23The commerce ministry in India has urged exporters to concentrate on key sectors such as food, electronics and engineering, as well as on major markets including the US, UK and Germany, to boost exports. The ministry also suggested focusing on organizing global fairs and exhibitions.
Invest India ambit may include trade promotion
28, Apr, 23The revamp plan comes after the resignation of its chief executive officer and managing director Deepak Bagla last month. Invest India is under the Department for Promotion of Industry and Internal Trade (DPIIT).
India, UAE call for accelerating talks for early conclusion of investment treaty
05, Oct, 23Abu Dhabi, India and the UAE on Thursday discussed the status of talks for a proposed Bilateral Investment Treaty and emphasised on the need to accele.
India, Oman trade ministers exhort officials to conclude talks for trade
19, Dec, 23In such agreements, two countries either substantially cut or eliminate customs duties on the maximum number of goods traded between them, besides easing norms for promoting trade in services and investments. It was decided that an Oman Desk would be created in Invest India for this purpose. Similarly, Invest Oman would also launch an India Desk.
Non-tariff barriers: India toughens stance, to impose curbs on reciprocal basis
16, Jan, 24India is taking a tough stand on non-tariff barriers being imposed on Indian exports by other countries and would also take similar measures on a reciprocal basis, Commerce and Industry Minister Piyush Goyal said on Tuesday
As UK introduces DCTS, Indian goods worth $960 mn to lose concessional duty access
19, Jun, 23Indian goods worth $960 million will lose their concessional duty access due to the UKs new Developing Countries Trading Scheme (DCTS) that will supersede the previous preferential regime from Monday. That said, this exclusion may turn out to be temporary as both countries are in the process of finalising a Free Trade Agreement.
Commerce ministry working to remove trade barriers, boost exports in sub-Saharan Africa, Gulf nations
27, Nov, 23The major trading partners of India in that region in 2022-23 were South Africa (total trade USD 18.9 billion, exports USD 8.5 billion); Nigeria (USD 11.85 billion, exports USD 5.15 billion); Togo (USD 6.6 billion, exports USD 6 billion), and Tanzania (USD 6.5 billion, exports USD 3.93 billion).
Commerce Ministry addressing issues of exports through ecommerce
24, May, 23We trying to address issues on seamless e-commerce for export promotion. We are in touch of the Department of Revenue, RBI, Icegate, and the Department of Post on the issues which entails remission of duties and incentives, ensuring postal bills flows into Icegate, building a regulatory system which addresses return back, etc, he was quoted by TPCI in a release.
Deepak Bagla exits as MD & CEO of Invest India: Report
17, Mar, 23Deepak Bagla was Managing Director and CEO of Invest India, the Indian government's National Investment Promotion and Facilitation Agency.
India open to FTA negotiations bilaterally or individually with Africa: Piyush Goyal
09, Jun, 23India's Union Minister for Commerce and Industry, Piyush Goyal, hosted 15 ambassadors from African countries to discuss strengthening trade and investment ties. India plans to prioritize trade with Africa and is open to Free Trade Agreements (FTA) with African countries.