This is Jaishankar’s second official overseas visit during the third term of the Modi government. He was in Colombo last week. A week after PM Narendra Modi and UAE President Sheikh Mohamed bin Zayed Al Nahyan met on the margins s of the G7 Summit in Italy, the Union Cabinet on June 19 had cleared a Rs 76,000 crore all-weather deep-water port at Vadhavan in Maharashtra’s Palghar district to 'aid trade flow through IMEEC and International North South Transportation Corridor (INSTC),' Union Minister Ashwini Vaishnaw had then said.

Chief Minister Sukhvinder Sukhu today said that the state had become a manufacturing hub for sectors like pharmaceuticals, textiles, light engineering goods, health, power, telecom and information technology.

The Philippines, one of the world's largest rice buyers and biggest importers of the Vietnamese grain, officially announced a reduction in rice import taxes from 35% to 15%, effective in early August this year and lasting until 2028.

Exporters are likely to seek fiscal support measures in their pre-budget meeting with Finance Minister Nirmala Sitharaman here on Tuesday to increase the country's exports to USD 2 trillion by 2030, an industry official said. The country's exports of goods and services have increased to USD 778 billion in 2023-24 from USD 478 billion in 2017-18.

Centre has imposed a stockholding limit on wheat for retailers, wholesalers, processors and big-chain retailers from Monday, to check the hoarding of the foodgrain and to ensure price stability, a senior official said on Monday.

The Director General of Foreign Trade (DGFT) on Friday said that export projections for the current fiscal are still being finalised while efforts are on to improve the ease of doing business to meet the government's goal of achieving USD 2 trillion in exports by 2030.