INDIA IMPORT RESTRICTIONS

The Centre deliberated on imposing a safeguard duty on steel to counter cheap imports and rising steel overcapacity in China. The steel ministry suggested a 25% safeguard duty on certain imports from Asean nations amid Chinese capacity expansion. In...

The Federation of Indian Export Organisations emphasizes the risk to value-added steel product exports. Delays in customs clearance are also disrupting production and harming India's global reputation.

Houston-based HPE has been part of the US-India commercial engagements, pushing to get the right balance in regulation. The global edge-to-cloud company works in servers, storage, networking, containerisation software, consulting and support.

Indonesia and Thailand have raised concerns at the World Trade Organization about India's quality control orders. The orders cover products like medical textiles, footwear and viscose staple fibre. They also questioned measures restricting imports o...

Overall, India exported $21.8 billion worth of steel and steel products, while imports totaled $23.7 billion, highlighting challenges in the core steel segment.

Neelam Linens and Garments is set to debut on the NSE SME platform with an expected 54% premium over its issue price. The company, specializing in home furnishings and apparel, plans to use the IPO proceeds for capital expenditure, debt repayment, a...

The World Trade Organisation reported an increase in trade restrictions by G20 nations between mid-October 2023 and mid-October 2024. The WTO found 91 new trade-restrictive measures and 141 trade-facilitating measures on goods, primarily imports. Th...

Although stakeholder discussions are still going on, the 5% cut of the total import quota will be implemented from April 1 of the upcoming fiscal. This cut is based on the data provided by the Directorate General of Commercial Intelligence and Stati...

India's Finance Minister, Nirmala Sitharaman, hinted at the possibility of reducing import taxes, contingent upon the absence of harm to domestic industries. This comes in the wake of US President Donald Trump's criticism of India's high tariff rate...

India and Russia are aiming to achieve $100 billion in bilateral trade by 2030, according to Indian External Affairs Minister S Jaishankar. While optimistic about reaching this target, Jaishankar highlighted the need to address the trade imbalance, ...

Moody's Ratings predicts that India and other Asian nations could benefit from US-China tensions and investment shifts under a potential Donald Trump presidency. Trump's protectionist trade policies, particularly towards China, are expected to redir...

India lifted a long-standing restriction on Salman Rushdie's controversial novel, "The Satanic Verses," which was originally banned in 1988 due to concerns about communal tensions. The ban's removal, attributed to the inability to locate the origina...

In light of the economic impact and pressures from Indian businesses, Prime Minister Narendra Modi's administration is reconsidering its strict investment restrictions on China. While maintaining certain safeguards, India aims to stabilize relations...

Despite recent diplomatic progress between India and China, think tank GTRI deems a surge in Chinese investments unlikely. Trade imbalances persist, with India's heavy reliance on Chinese imports posing a structural issue. Addressing these economic ...

US buyers now prefer sourcing apparel from India, citing its political stability as a key factor. While India's strength lies in cotton garments, challenges like high labor costs and limited MMF production persist. India aims to leverage its strengt...

India plans to impose import restrictions on laptops, tablets, and PCs post-January to encourage domestic manufacturing by companies like Apple. This move aims to mitigate reliance on imports, particularly from China. The Ministry of Electronics and...

India has lifted most of its rice export restrictions imposed in 2023, expecting higher crop yields due to above-average monsoon rains. India, which contributed over 40% of global rice exports in 2022, saw a 20% drop in exports due to the restrictio...

The government's inconsistent policies on laptop import restrictions have led to increased business uncertainty and costs, according to think tank GTRI. To promote local manufacturing and reduce reliance on China, a stable and long-term policy is ne...

Malaysia has urged India to ease export restrictions on key farm goods such as rice and sugar. Malaysia's Minister for Plantation and Commodities, Johari Bin Abdul Ghani, highlighted the negative impact of India's abrupt export curbs on Malaysia dur...