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The Indian Stainless Steel Development Association (ISSDA), on behalf of the industry, has filed the application to investigate the dumping of stainless steel items in the domestic market
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Russian oil is at a deep discount but walking away from Moscow and towards other oil suppliers would be easy.
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The US is the largest market for India's textile and apparel industry. India, which is the fourth biggest ready-made garment importer to the US, faces stiff competition from China, Vietnam and Bangladesh
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India has also started an anti-dumping probe into overseas supplies of low-ash met coke from Australia, China, Colombia, Indonesia, Japan, and Russia.
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China’s steel output has fallen sharply in May while India’s safeguard duty has helped crimp imports
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The import will be allowed for industrial and manufacturing sectors, including electronics, electrical and specialised chemical industry, against an import authorization, thereby addressing the need of the domestic industry without disruption for actual use, the government said in a statement.
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India’s new trade deal with the UK reduces import duties but poses competitive challenges for domestic spirits, with local brands facing pressure from established global players and regulatory hurdles. This article offers a home-grown brand’s perspective
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The lower coal import for FY25 has also resulted in foreign exchange savings of approximately $7.93 billion or Rs 60,681.67 crore for the fiscal.
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Donald Trump has announced new tariffs, including a 25% levy on imported cars, drugs, and chips, with plans to increase the rates later in the year. He claims these tariff measures are encouraging major global companies to return manufacturing to the U.S. Trump also stated that more details on the auto tariffs will be revealed on April 2, following a report from his cabinet members. Trump has long complained about unfair treatment of U.S. automotive exports, noting that the EU imposes a 10% tariff on vehicles, which is higher than the U.S. rate. The U.S. also charges a 25% tariff on imported pickup trucks to protect domestic manufacturers. The tariffs on drugs and chips will begin at 25% and rise over time, with no set start date yet. Additionally, Trump has imposed a 10% tariff on all Chinese imports and set a March 12 start date for tariffs on steel and aluminum.
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If the government strikes the right balance between domestic industry needs and international trade obligations, Budget 2025 could lay the foundation for a more efficient, self-reliant, and globally competitive India.
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An industry expert said that the ongoing festival demand is helping the increase in imports.
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Exports rose 2.4% in dollar terms from a year earlier last month, down from 8.7% year-on-year growth in August. Imports rose just 0.3% in September.
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India was a net importer of steel through the first five months of 2024-25. Official estimates show that 1.92 million tonnes (mt) of steel was shipped from India, while 3.45 mt of the metal reached the Indian shores in this period
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An update on the future of the import management system has been largely awaited by the laptop, PC manufacturing industry who fear that any restriction on the free import of such items would detrimentally affect India's standing in the tech ecosystem
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Firms await clarity as India's laptop import policy nears September 30 deadline, with industry leader Jason Oxman warning that reimposed restrictions could disrupt trusted global supply chains and cut off access to vital digital services.
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exports rose to $34.7 billion in August from $33.89 billion, imports rose to $62.6 billion from $57.5 billion in July
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In 2023, the total cost of materials consumed through Chinese imports was around 10 percent or Rs 157.9 crore
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The DPIIT secretary further said that now there is a global recognition that one factory for the whole world is not enough. Singh is referring to the China plus one strategy wherein the world, especially developed nations are looking to diversify their supply chains beyond Beijing by tapping newer markets.
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On June 11, the directorate general of foreign trade (DGFT) through a notification imposed the restrictions to discourage inbound shipments of these items from countries like Indonesia and Tanzania.
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"There is no implication of this notification. The import policy for these categories in question were restricted anyway, so its status quo," a government official aware of the matter said on Tuesday.
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Russia's share in India's metallurgical coal imports of 73.2 million tonnes (MT) has risen to around 21 percent from around 8 percent in 2021-22, research firm Big Mint said.
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The domestic rating agency said based on its analysis, lower value of Russian oil imports is estimated to have led to savings of USD 7.9 billion in 11 months (April-February) of 2023-24, up from USD 5.1 billion in 2022-23.
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On intellectual property rights, it said America and India continue to engage on a range of IP challenges facing US companies in India to create stronger IP protection and enforcement in India.
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The avocado market in India is gaining traction thanks to the foodservice industry. The avocado has turned into a mainstream food in India. Global consumption has skyrocketed in the past decade. Asia pacific to lead global demand growth. India imports avocados from Tanzania, Peru, US. Mexico accounts for 30% global avocado output. Watch Commodities Corner with Manisha Gupta for more details
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India's coal import was 208.78 MT in the corresponding period of the previous fiscal, according to data compiled by mjunction services ltd.
