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Apr 15, 2025 News Image Italy Eyes Deeper Investment Ties With India, Boost In Bilateral Trade.
Italy’s Deputy Prime Minister and Minister of Foreign Affairs, Antonio Tajani, on Friday expressed strong interest in expanding economic cooperation with India. Speaking at the 'Italy-India Business, Science and Technology Forum,' Tajani said Italy is keen to invest more in India, increase exports, and encourage greater Indian investments in Italy. He described India as a vital partner for ensuring stability in the Indo-Pacific region—a key factor in strengthening global trade. 'India is an economy with enormous potential, and we are committed to deepening our collaboration,' Tajani said.
 Source:  ddnews.gov.in
Apr 15, 2025 News Image Bangladesh steps on land border trade preceded India's transshipment ban.
Bangladesh took several steps that adversely hit land border trade with India even before New Delhi moved to revoke transshipment facilities for Dhaka to export cargo to third countries via Indian land customs stations. Bangladesh's interim regime last month decided to close three land ports with India while suspending another citing lack of necessary infrastructure for operations.
 Source:  economictimes.indiatimes.com
Apr 15, 2025 News Image Agricultural sector in Meghalaya’s goal of a $10-billion economy.
Envisioning a transformation of the State into a $10-billion economy by 2028, Meghalaya stands at a pivotal moment in its history. Central to the State’s economic ambition is Meghalaya’s agricultural sector which sustains over 80 per cent of our population and forms the backbone of rural livelihoods in the State. With the State’s growing needs to harness technology for systemic development and upgradation, the Government of Meghalaya has launched transformative initiatives aimed at empowering farmers, enhancing sustainability and fostering economic growth.
 Source:  thehindubusinessline.com
Apr 15, 2025 News Image 'Zero-for-zero' tariff strategy under proposed India-US trade pact unlikely: Official.
A 'zero-for-zero' tariff strategy under the proposed bilateral trade agreement between India and the US is unlikely, as the two countries are at different levels of economic development, official sources said. Certain trade experts have suggested that India can propose a 'zero-for-zero' tariff strategy to the US for addressing America's reciprocal tariff hikes.
 Source:  economictimes.indiatimes.com
Apr 11, 2025 News Image Sugar exports from India near 3 lakh tonnes, says AISTA.
India has exported 2.87 lakh tonnes (lt) of sugar till April 8 out of 10 lt quota permitted by the government in January in the ongoing 2024-25 season (October-September), out of which maximum quantity has been shipped to Somalia, All India Sugar Trade Association (AISTA) said on Wednesday. The sugar despatch from mills for export, however, was 3.05 lt, as nearly 18,000 tonnes are in transit or under loading.
 Source:  thehindubusinessline.com
Apr 11, 2025 News Image India's exports cross $820 bn in 2024-25: Commerce ministry.
The country's goods and services exports have crossed USD 820 billion in 2024-25, marking a nearly 6 per cent increase over the previous fiscal year despite global economic uncertainties, the commerce ministry said on Wednesday. The exports stood at USD 778 billion in 2023-24. The commerce ministry informed exporters about the figure during a meeting called to deliberate on the opportunities arising out of the current situation and to apprise the industry about the steps being taken by the government to deal with it.
 Source:  economictimes.indiatimes.com
Apr 11, 2025 News Image Virudhunagar ‘Samba Vathal’ gets GI Tag.
Virudhunagar Samba Vathal (Chilli) has got geographical indication tag based on the application made by Tamil Nadu State Agricultural Marketing Board and Virudhunagar Chillies Merchants’ Association. A distinguished variety of chilli, Virudhunagar Samba Chilli is grown in Virudhunagar district and is known for its unique flavour, moderate heat and vibrant red colour.
 Source:  thehindu.com
Apr 11, 2025 News Image India terminates transshipment facility for Bangladesh to export goods to third countries.
The government has terminated the transshipment facility that allowed export cargo from Bangladesh to third countries using Indian land customs stations en route to ports and airports, according to a government circular. Indian exporters, mainly from the apparel sector, had earlier urged the government to withdraw this facility to the neighbouring country.
 Source:  economictimes.indiatimes.com
Apr 11, 2025 News Image UK Chancellor, Finance Minister Sitharaman announce $400 million in new trade.
UK Chancellor Rachel Reeves and Finance Minister Nirmala Sitharaman announced USD 400 million in new trade and investment deals at the 13th UK-India Economic and Financial Dialogue in London on Thursday. In a post on X, the British High Commission in India wrote, 'The UK and India are growing together. Chancellor @RachelReevesMP and Minister @nsitharaman have announced £400m of trade and investment wins at the 13th UK-India Economic and Financial Dialogue in London.'
 Source:  economictimes.indiatimes.com
Apr 11, 2025 News Image US suspends additional 26% tariff on India till July 9: White House.
The US has announced the suspension of additional tariffs on India for 90 days until July 9 this year, according to the White House executive orders. On April 2, US President Donald Trump slapped universal duties on about 60 countries exporting goods to America and additional steep levies on countries like India, potentially impacting sales of products from shrimp to steel in the world's biggest economy. The move was aimed at cutting its trade deficit and boosting domestic manufacturing.
 Source:  economictimes.indiatimes.com