A COMPREHENSIVE ECONOMIC PARTNERSHIP AGREEMENT
India, South Korea to upgrade trade pact, deepen tech and supply chain ties
India and South Korea will resume talks to upgrade their economic partnership agreement. The goal is to increase bilateral trade to 50 billion dollars by 2030. Both nations will also enhance cooperation in critical technologies and supply chains. An economic security dialogue will be established. Discussions will cover shipbuilding, steel, and sustainability. Industrial collaboration will expand through new agreements.
India, Korea can give new direction to multilateralism amid mounting challenges: South Korean Prez Lee
South Korean President Lee Jae Myung envisions a strengthened special strategic partnership with India, focusing on trade, technology, critical minerals, defence, and shipbuilding. He highlighted shared values and the need for close cooperation amidst geopolitical uncertainty, aiming to deepen comprehensive ties for mutual growth and innovation.
South Korea's Lee Jae-myung in India for talks on shipping, AI
South Korean President Lee Jae-myung received a red-carpet welcome in New Delhi for talks with Prime Minister Narendra Modi. Discussions focused on shipbuilding, AI, semiconductors, and critical technologies, aiming to strengthen their strategic partnership amidst global economic instability. Both leaders also addressed regional peace and bolstering their economic cooperation.
South Korea's Lee to seek big boost in economic ties in summit with PM Modi
South Korean President Lee Jae Myung is in New Delhi for talks with Indian Prime Minister Narendra Modi. The visit aims to significantly increase economic ties, focusing on shipbuilding. Both nations plan to nearly double bilateral trade to $50 billion by 2030. Cooperation may also expand into finance, artificial intelligence, and defense. India's role in global production is highlighted.
JSW Steel and POSCO form joint venture for steel plant in Odisha amid South Korean President's India visit
JSW Steel and South Korea's POSCO Group are partnering to build a new steel plant in Odisha. This joint venture will have a production capacity of 6 million tonnes per annum. The deal signifies deepening strategic ties between the two major steel producers. This collaboration aligns with JSW Steel's expansion goals.
Allies fear a rushed US-Iran framework deal could backfire, leaving technical deadlock
US-Iran war news: European allies express concern over a potentially hasty U.S. deal with Iran. They fear an inexperienced American team might secure a superficial agreement on Iran's nuclear program and sanctions relief. This could lead to prolonged, complex follow-up talks. The U.S. White House rejects these criticisms, stating President Trump prioritizes American interests. Talks are ongoing, focusing on uranium stockpiles and sanctions.
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Austria bets big on Indian talent with Focus India partnership
Austrian and Indian relations are reaching new heights, fueled by a recent visit from Austria's Federal Chancellor, emphasising the evolution of their academic partnership. Already, 200 Indian students have commenced their studies in Austria, marking a milestone following the establishment of a migration agreement and collaborative economic efforts.
Pakistan, Saudi Arabia, Turkey, Egypt FMs meet in Antalya
Foreign Ministers from Pakistan, Saudi Arabia, Turkiye, and Egypt met in Antalya. They discussed strengthening cooperation in areas of mutual interest. The ministers also exchanged views on regional dynamics. Dialogue and diplomacy were reaffirmed for peace and stability. This meeting follows previous talks between the four nations.
21 ships turned back to Iran since US blockade began, says CENTCOM
The United States Central Command (CENTCOM) on Saturday said that 21 vessels have been compelled to turn back toward Iran since the United States initiated a naval blockade targeting access to Iranian ports amid diplomatic engagements in order to achieve a complete solution to the hostilities in the region.
India explores FTA full use with Norway, sets up fast-track investment system with Austria
India and Norway are enhancing cooperation in energy, maritime, and biotech sectors. Norway sees growing investment interest in India. Meanwhile, India and Austria have launched a Fast-Track Mechanism to facilitate investments and resolve issues. This initiative aims to expand bilateral trade and leverage industrial complementarities. Both nations are prioritizing sustainable development and green technologies for future collaboration.
Trump and a camel's dream: Where exactly are US-Iran talks headed?
US President Trump claims a deal with Iran is imminent, with Tehran agreeing to surrender enriched uranium. However, Iran has sarcastically dismissed these assertions. Despite diverging narratives, Pakistan facilitates ongoing talks for a second negotiation round, aiming to de-escalate regional tensions and potentially secure an interim understanding.
Air India partners with WestJet to expand North America connectivity
Air India and WestJet have launched an interline partnership, enabling passengers to book single-ticket journeys connecting flights between India and North America. This collaboration offers seamless travel to over 30 destinations across Canada and the United States, enhancing convenience with coordinated baggage handling and simplified transfers.
Indian envoy appreciates US support for stronger bilateral ties
Indian Ambassador Vinay Mohan Kwatra met with US lawmaker Pete Sessions. They discussed issues of mutual interest. Kwatra appreciated Sessions's support for a stronger India-US partnership. The meeting occurred as India and the US negotiate trade agreement details. The US agreed to reduce tariffs on India in the first phase of the agreement.
Piyush Goyal engages with South Korean, Austrian leadership to deepen economic ties
Union Minister of Commerce and Industry, Piyush Goyal, advanced India's trade agenda through a series of diplomatic engagements on Thursday, holding a virtual meeting with South Korean Trade Minister Yeo Han-koo and an in-person session with Austrian Federal Chancellor Christian Stocker. The meetings, focused on bilateral investment and technological synergy, resulted in the signing of a new mechanism aimed at accelerating business resolutions between India and Austria.
West Asia War: PM Modi, French President Macron hold telephonic talks; stress urgent need to restore Hormuz safety
Prime Minister Narendra Modi and French President Emmanuel Macron held discussions on the West Asia situation. Both leaders stressed the critical need for maritime security in the Strait of Hormuz. They expressed shared concern over rising regional tensions. The leaders agreed on the importance of ensuring safe and free navigation through this vital shipping route.
India-UK trade agreement may come into force next month: Commerce Secy
India's trade deals are set to boost exports. The pact with the UK is expected in May. Oman's agreement is slated for June 1. New Zealand's FTA is anticipated on April 27. The India-EU FTA is targeted for this calendar year. These agreements will open new avenues for Indian businesses.
PM Modi speaks to Trump on importance of keeping Strait of Hormuz "open and secure"
Prime Minister Narendra Modi and US President Donald Trump engaged in a nearly 40-minute phone call, their first since the US-Israel war with Iran commenced on February 28. Details remain scarce as the world faces an energy crisis due to the ongoing Middle East conflict. US Ambassador Sergio Gor affirmed that India-US relations are robust.
India–US eye 'big-ticket energy deals' soon as PM Modi, Donald Trump discuss West Asia crisis
India and the US are expected to firm up major deals, including in energy, in the coming weeks, even as PM Narendra Modi and US President Donald Trump discussed the West Asia situation and deepened strategic ties.
GE Aerospace, HAL inching closer to seal jet engine deal
GE Aerospace and Hindustan Aeronautics Limited have made significant progress toward a deal to co-produce F414 jet engines in India for future combat aircraft. The two sides have reached agreement on key technical aspects, marking a major step in advancing the long-pending collaboration and strengthening defence and industrial cooperation between India and the United States.
India-Austria to deepen economic ties; Bilateral trade crosses USD 2.35 billion: CII Regional Chairman
India and Austria move to deepen their economic partnership with a specific focus on green technologies and advanced manufacturing as bilateral trade between the two nations surpassed the USD 2.35 billion mark.Chairman of the CII Western Region and Chairman & Managing Director of Blue Star Ltd, identified these sectors alongside digital innovation as the primary drivers for the next phase of the bilateral relationship.
Agreement cannot be reached overnight, talks should continue: UNSG on West Asia war
UN chief Antonio Guterres urged continued constructive dialogue between Iran and the US following talks that concluded without a deal on the West Asia conflict. He emphasized that the ceasefire "must absolutely be preserved" and called for an end to all violations, stating there is no military solution.
Gulf storm: India should be evaluated as a strategic locational hedge for co-sharing GCC data centre infra
Recent attacks on cloud data centers in West Asia highlight a new geopolitical risk. Hyperscale providers are now reassessing their global infrastructure. India offers a secure and stable environment for data center expansion. Its robust policies and existing ties with the Gulf region make it a natural strategic partner.
India-France review cooperation on economic security during talks in Paris
India and France held Foreign Office Consultations in Paris. Discussions covered economic security, innovation, and STEM talent. Defence, nuclear energy, space, and cyber cooperation were reviewed. Global issues like climate change and the Indo-Pacific were also discussed. Foreign Secretary Vikram Misri met French officials. He also visited the Swami Vivekananda Cultural Centre. This follows President Macron's India visit.
Jio, Bank of Baroda tie up for enabling banking access from feature phones
Bank of Baroda and Reliance Jio are shaking up the mobile banking landscape by rolling out services tailored for feature phone users. Their new 'bob World Lite' app, set to debut on JioPhone Prima 4G devices, marks a significant step toward digital equality in India.
India, Oman discuss ways to boost trade, investments
India's Commerce Minister Piyush Goyal met with Oman's Minister of Commerce, Industry and Investment Promotion. They discussed ways to enhance trade and investment ties. This follows recent discussions with other Gulf nations. The India-Oman Comprehensive Economic Partnership Agreement aims to boost mutual growth.
India-UK free trade pact may come into force from second week of May: Official
The India-UK free trade agreement is set to begin in the second week of May. This pact will allow 99 percent of Indian exports to enter Britain duty-free. Tariffs on British products like cars and whisky will also be reduced in India. A separate agreement will prevent double social levies for temporary workers. This aims to boost trade significantly.
EAM Jaishankar meets UAE Foreign Minister in Abu Dhabi; discusses West Asia security and strategic partnership
External Affairs Minister S Jaishankar met UAE Deputy Prime Minister Sheikh Abdullah bin Zayed Al Nahyan in Abu Dhabi. Discussions focused on the West Asia situation and strengthening the India-UAE Comprehensive Strategic Partnership. Jaishankar also interacted with the Indian community, assuring them of government efforts for their well-being amidst regional tensions. He appreciated the diaspora's contributions and the UAE's support.
India finalising agreement to supply oil, gas to Mauritius amid West Asia crisis, says EAM Jaishankar
India is set to finalize a government-to-government agreement to supply oil and gas to Mauritius. This move aims to strengthen Mauritius' energy security, especially given the ongoing West Asia conflict. India is also supporting Mauritius with clean energy projects, including a floating solar power plant. The two nations are deepening their strategic partnership across various sectors.
BEML and DMRC to jointly bid for West Asia metro projects
BEML and DMRC are joining forces for metro projects in West Asia. This partnership will offer complete solutions, from rolling stock supply to project execution. The collaboration aims to leverage BEML's manufacturing strength and DMRC's metro system expertise. They will also explore developing indigenous Tunnel Boring Machines for future infrastructure needs.
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