Latest news with #ShreyaNandi
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Business Standard
2 days ago
- Business
- Business Standard
Electronics to chemicals: Govt identifies critical sectors to boost FDI
Invest India, the investment promotion and facilitating agency under the Department for Promotion of Industry and Internal Trade (DPIIT), has been actively identifying key value chains to focus on Shreya Nandi New Delhi Listen to This Article The government has identified critical sectors, including electronics, chemicals, leather and footwear, and toys, where value chains can be strengthened to facilitate and drive foreign direct investment (FDI) into the country. Invest India, the investment promotion and facilitating agency under the Department for Promotion of Industry and Internal Trade (DPIIT), has been actively identifying key value chains to focus on. 'Invest India has been systematically working on identifying which are the value chains we should be working on, identifying companies for those value chains and then approaching those companies for bringing in investments,' a senior government official said.
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Business Standard
4 days ago
- Business
- Business Standard
Freedom to 'rebalance': India on the UK's proposed carbon border tax
If CBAM adversely impacts Indian exports covered by the deal, the government will act to ensure that the agreed market access terms are not diluted Shreya Nandi New Delhi Listen to This Article India will take 'appropriate measures' if Britain's proposed Carbon Border Adjustment Mechanism (CBAM) undermines the trade benefits secured in the just-signed free-trade agreement (FTA), a senior government official said on Friday. The Comprehensive Economic and Trade Agreement (CETA) -- formally inked between India and the United Kingdom -- sidesteps any explicit reference to the UK's CBAM, which is expected to take effect in January 2027. While New Delhi has consistently flagged concerns over the proposed levy, seeking safeguards within the agreement, London is understood to have argued that CBAM is still in its preparatory phase and therefore could not be
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Business Standard
22-07-2025
- Business
- Business Standard
India-US trade deal: Exporters in a fix over possible tariff cost split
Begin talks with buyers, particularly for goods arriving at US ports on or after Aug 1 premium Shreya Nandi New Delhi Listen to This Article Indian exporters have begun engaging with American buyers to discuss how a potential additional tariff burden would be split if New Delhi faces a 26 per cent reciprocal tariff in case an interim trade deal is not finalised by August 1. Currently, a 10 per cent ad valorem tariff, over and above the existing most-favoured-nation (MFN) duty, continues on American imports. However, from August 1, the US administration is set to impose steep, country-specific reciprocal tariffs on its trading partners. The discussions are particularly critical for goods that have already been shipped and will arrive at American ports on or
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Business Standard
18-07-2025
- Business
- Business Standard
A glimmer of hope as Beijing processes rare-earth magnet requests
The export restrictions, which took effect on April 4, apply to rare earth magnets, which are critical components in industries ranging from automobiles and electronics to health care and defence Shreya Nandi New Delhi Listen to This Article Chinese authorities have informed New Delhi that they are processing applications from Indian importers seeking shipments of rare earth magnets, amid new export licensing rules imposed by Beijing. The export restrictions, which took effect on April 4, apply to rare earth magnets, which are critical components in industries ranging from automobiles and electronics to health care and defence. China introduced the curbs in response to heightened tariffs imposed by the US on Chinese goods. The Indian automobile sector raised concerns last month over disruptions caused by the delay in obtaining import approvals from China's Ministry of Commerce. Industry executives warned
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Business Standard
14-07-2025
- Business
- Business Standard
US tariff tide likely to lift India's exports, reckons NITI Aayog
In 2024, India's bilateral trade (merchandise) with the US stood at $123.8 billion, with a trade surplus of $37.7 billion for India Dhruvaksh Saha Shreya Nandi New Delhi Listen to This Article India has a comparative edge over key competitors in a majority of products it exports to the US and stands to gain market share as the US raises tariffs on its major trade partners, NITI Aayog said on Monday. In its quarterly trade report, it recommended that the government fast-track the India-US free trade agreement with time-bound goals to resolve non-tariff barriers and finalise digital trade rules on data flows and e-signatures to support services exports. The Aayog's assessment is based on the assumption that India will face an additional 10 per cent tariff, while several other countries — including
