The withdrawal of some Western companies from the Russian market has created significant voids across key sectors, opening up new opportunities for Indian MSMEs and other companies, said Dmitry Zavgorodniy, Chief Executive Officer (CEO) of ITE Group, a Russian company.
The Agro Chem Federation of India (ACFI) has urged the government to introduce a PLI scheme and tax holidays to reduce import dependence for technical ingredients and to set up agrochemical manufacturing hubs to boost domestic production.
The imposition of a 50 per cent tariff hike by the United States (US) on the imports from India weighed on domestic financial conditions in August, with equity markets taking the biggest blow, according to a report by Crisil.
India's coking coal imports are projected to grow significantly as the nation targets 300 metric tons (MT) of steel production capacity by 2030, according to the latest report by EY Parthenon in association with the Indian Steel Association (ISA).
Union Minister for Road Transport and Highways Nitin Gadkari, on Wednesday, said that India must reduce its dependence on imports by focusing on alternative fuels, including biofuels, hydrogen and electric mobility, while also highlighting experiments being done with ethanol and isobutanol.
White House Economic Advisor Kevin Hassett has said that US President Donald Trump and the trade team are "disappointed" with India's continued imports of Russian crude oil, but hoped for positive developments.
He also called India the largest buyer of Russian oil after China, indicating that New Delhi could face further penalties if it continues energy imports from Moscow.
The session 'Commercial Exports through India Post' comes at a critical time as Indian exporters face tariff uncertainties, particularly with the United States, which has imposed 50 per cent tariffs on imports from India.
Speaking to ANI, Rajasthan Woollen Industry Association President Kamal Kala called for the Central government's "immediate intervention" into the matter.
The remittances in the country rose to USD 33.2 billion in the first quarter of the current financial year, from USD 28.6 billion recorded last year during the same time period, according to a report by Crisil.
In a release issued on Tuesday (local time), following the conclusion of his two-week mission to South Asia, Fitzpatrick claims that while in India, his delegation engaged in strategic discussions with senior officials, including the External Affairs Minister S Jaishankar and National Sec
Responding to queries about reconsidering the tariffs on India at the White House, Trump reiterated that the trade relationship with India had been "one-sided" for many years, claiming that New Delhi had been charging the US some of the highest tariffs in the world, creating an imbalanced