INDIAN EXPORTS TO CHINA
‘Ocean freight rates will come down eventually, we have seen this before’: DP World COO
Global ocean freight rates are predicted to decrease after a surge due to logistical disruptions from the US-Iran conflict. DP World rerouted shipping routes through India to mitigate the impact on trade, showcasing the importance of Indian partnerships. Investment in Jebel Ali Free Zone increased significantly, with over 270 new Indian companies starting operations recently. Alternative routes were implemented for Indian cargo to bypass maritime bottlenecks, enhancing connectivity for trade.
India’s oilmeal exports fall 28.5% as cheaper Brazilian, Argentine soymeal squeezes shipments
India's oilmeal exports fell 28.51% year-on-year to 12.82 lakh tonnes in April-August FY27, dragged by a 73% plunge in soybean meal shipments. Higher domestic demand, Red Sea shipping disruptions and elevated freight costs added pressure, while cheaper supplies from Brazil and Argentina eroded India's competitiveness in global markets.
India's apparel production falls 5.6% in H1 FY27 as weak US demand, high costs hit manufacturers
India's apparel production contracted 5.6% year on year in April-September, extending its decline to nine consecutive months as subdued US demand and rising cotton and polyester prices weighed on manufacturers. Textile production, however, grew 13.1% during the period, supported by stronger demand for yarn, fabric and home textiles.
Pakistan to deploy 30 Chinese Z-10ME attack helicopters in Himalayan region? Blogger reveals reported deal, features and weapon
A Chinese military blogger has claimed that Pakistan signed a contract for 30 Z-10ME attack helicopters with China, although neither country has officially confirmed the reported deal. The development comes as Islamabad looks to modernise its army aviation fleet. The upgraded helicopters feature high-altitude capabilities, advanced targeting systems, anti-tank missiles and electronic warfare equipment.
'Gold’s rally is not just about wars, it’s fundamentally linked to $40 tn US debt': WGC India CEO Sachin Jain
World Gold Council India CEO Sachin Jain said gold’s rally is driven by rising US debt, de-dollarisation and central bank purchases, rather than geopolitics alone. He expects strong Indian demand during Diwali and recommends allocating 10-15% of financial assets to gold. Over the next five years, technology, tokenisation and blockchain could make gold more accessible, transparent and easier to trade.
India in final-stage talks to expand BrahMos missile sale to Philippines, sources say
India is in advanced discussions to supply additional BrahMos missile systems to the Philippines by expanding their existing deal. This potential transaction could be valued between $700 million and $800 million, considerably higher than previous contracts. The acquisition comes as the Philippines seeks to modernize its military capabilities amid rising tensions in the South China Sea.
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India’s solar components market to more than double to $7.8 billion by March 2028: CEEW
India's market for solar module components is projected to exceed $7.8 billion by March 2028. This growth is primarily driven by increased domestic manufacturing capacity and rising demand. Planned expansions of production facilities are crucial for meeting anticipated requirements. Additionally, ensuring consistent quality and reliable supply chains will enhance competitiveness against imports. The study emphasizes the importance of clear standards and regulations for the solar components industry.
Reset will keep India busy as Trump’s midterm loss redraws US politics
The recent US midterm elections have significant implications for international relations and the economy. Incoming policies may impact trade agreements between India and the US, affecting both countries' economies. Additionally, potential conflicts involving Iran could influence energy prices in India, creating economic uncertainty. The evolving political landscape in Washington will require India to adjust its diplomatic strategies.
US midterm election results: What Trump & Republicans' loss means for India
US midterms result: Indian industry and economy watchers were keenly looking at the polls to try and find out what direction US policy will take. In recent months, India's trade/export fortunes have swayed in lockstep with Trump's tantrums, making policymakers jittery over any new development in the US.
Premji's deeptech bets; Razorpay gets IPO nod
Happy Thursday! Premji Invest is stepping up its bets on defence and aerospace manufacturing.This and more in today’s ETtech Morning Dispatch.
India has never allowed import of GM products, will never open dairy sector: Piyush Goyal
Commerce and Industry Minister Piyush Goyal emphasized India’s commitment to safeguarding its dairy sector from free trade agreement pressures. He reiterated the nation's opposition to imports of genetically modified products, considering them sensitive. Goyal mentioned efforts to unlock new employment opportunities and promote domestic agriculture for competitive exports.
India-New Zealand FTA: Expanding India’s footprint in Oceania
More than a trade deal, the India-New Zealand FTA is a strategic gateway to new markets, fresh investment and stronger capabilities, positioning India to compete, connect, and grow across the Asia-Pacific.
India to export Vande Bharat trains in 3-4 years: Ashwini Vaishnaw
India will commence the export of Vande Bharat trains in three to four years. The Bengaluru-Mumbai Vande Bharat Sleeper train has been recently launched to enhance overnight travel comfort. It features advanced design improvements aimed at passenger convenience and aims to reduce travel time significantly. Fares for the sleeper service are competitive compared to international train services.
India's FTAs to open new export opportunities as country eyes $1 trillion milestone: IIFT VC
India's trade deficit is likely to persist as long as the country remains dependent on oil imports, although rising exports of value-added petroleum products are helping narrow the gap, K. Rangarajan, Vice-Chancellor of the Indian Institute of Foreign Trade (IIFT), said on Friday.
Jaishankar has a message for the world: Give diplomacy a chance, as military solutions won't work
External Affairs Minister S Jaishankar stressed the importance of diplomacy to address global challenges at the G20 meeting. He highlighted ongoing conflicts, including the Russia-Ukraine war and tensions in West Asia, while addressing seafarer safety. Jaishankar emphasized the impact of market flooding and supply chain issues on the Global South. US Secretary of State Marco Rubio warned of interconnected economic and geopolitical crises affecting the global economic order.
US trade deal will protect all sensitive Indian interests, says Piyush Goyal
Commerce Minister Piyush Goyal said India’s trade deal with the US would protect sensitive interests, including those of farmers, and give the country a competitive advantage. He criticised opposition parties for questioning the agreement before its details were released, while defending India’s trade strategy and its decision to stay out of RCEP.
India's deeptech dream remains import dependent for critical components
The founder of a spacetech startup developing rockets said geopolitical tensions, including the Russia-Ukraine war, disrupted the supply of critical components. “Parts that were earlier available within weeks are now taking months to arrive, making it harder for startups to plan development and testing schedules,” the founder said, requesting anonymity.
US demand slowdown hits apparel, diamond exporters as factories shut and orders dry up
The apparel industry in Noida is experiencing significant upheaval, with a reduction of operational units from 2,400 to 1,800 in just six months, all due to a decline in orders. The unpredictable US tariffs have caused confusion in negotiations and production timelines. In a related trend, Surat's diamond manufacturers have extended their Diwali shutdowns, resulting in the closure of roughly 300 small businesses.
Weak returns at home fuel India's overseas retail investing boom
Indian retail investors are increasingly venturing into global markets, significantly boosting their overseas investments. In response, domestic asset managers are introducing new funds to meet the rising demand for international exposure. With the Reserve Bank of India's limits on overseas investments nearing their cap, many investors are exploring tax-friendly locations like GIFT City.
Indian industry has become aware of carbon emissions, says CII’s Narayan Sethuramon
Indian industry is becoming aware of the impact of European carbon emissions regulations on their competitiveness. The expected India-EU Free Trade Agreement will create opportunities for growth in the coming years. Different categories of buyers are emerging, with some looking to diversify sources away from China. Key sectors such as textiles and defense are poised to benefit from these trade dynamics.
Cabinet approves Rs 10,000 crore container manufacturing scheme
The Indian government has approved a Container Manufacturing Assistance Scheme with a total budget of Rs 10,000 crore. This scheme aims to build domestic manufacturing capabilities and reduce reliance on container imports. It will promote facilities, testing, and skills development in the container manufacturing sector. The scheme is expected to create thousands of jobs and enhance competitiveness against global producers.
India, Mexico begin talks for trade pact; aim to boost commerce, investments
India and Mexico have initiated negotiations for a preferential trade agreement to enhance bilateral trade and investment. The agreement aims to create new economic opportunities while addressing market access, customs procedures, and trade facilitation. Discussions included organising a Mexican business mission to India in early 2027 to improve commercial ties. India had a trade surplus with Mexico, largely due to exports in autos and pharmaceuticals.
Weak domestic returns fuel India's overseas retail investing boom
Indian investors are turning to global funds as domestic market performance remains weak and opportunities abroad increase. A surge in overseas investments, particularly in AI-related assets, has been noted recently. Fund managers are launching various international funds to cater to this growing demand. Regulatory limits on overseas investments are in place, but tax-neutral hubs offer solutions.
'Copying China's manufacturing model may not pay off': Ashwini Vaishnaw hits back with ‘Cope harder’ remark, cites Rs 3 lakh crore PLI returns
Union Minister Ashwini Vaishnaw has hit back at criticism of India's mobile phone manufacturing strategy with a blunt “Cope harder” remark. Citing figures from the government's Production Linked Incentive (PLI) scheme, he said the government paid Rs 19,000 crore in incentives and collected Rs 25,000 crore in direct taxes, alongside Rs 3 lakh crore in GST. His response followed a Bloomberg Opinion video questioning India's iPhone manufacturing model, its dependence on imported components and the cost of government subsidies.
India, Mexico sign terms of reference to kickstart trade pact negotiations
India and Mexico have signed the Terms of Reference to initiate negotiations on a Preferential Trade Agreement. This agreement aims to enhance bilateral trade and investment opportunities between the two countries. Key negotiating areas include market access, customs procedures, and trade facilitation measures. Both delegations discussed organizing a Mexican business mission to India in early 2027.
India to emerge as major exporter to China, ASEAN, get edge in US trade pact, says Piyush Goyal
Commerce and Industry Minister Piyush Goyal highlighted India's potential to expand exports to China and ASEAN. Negotiations are underway for a trade pact with the United States that could provide India a comparative advantage. The country is also working towards an Investment Protection Agreement with the European Union. Goyal indicated that discussions for preferential trade agreements are progressing with multiple countries and groups.
Tata Electronics’ Apple exports near Rs 1 lakh crore in FY26 as net loss widens
Tata Electronics achieved nearly ₹1 lakh crore in exports during FY26, reflecting a 29% increase from the previous year. The company reported significant export revenues from the US, Taiwan, and Ireland, highlighting its growing role in Apple's supply chain. Despite this growth, the company faced a consolidated net loss of ₹1,611 crore in FY26, compared to ₹69 crore in FY25.
We will see India becoming major exporter of goods and services to China: Piyush Goyal
Commerce and Industry Minister Piyush Goyal emphasised India's willingness to engage with Chinese suppliers. He highlighted the importance of fair play and judicial processes regarding pricing discrepancies. India aims to enhance exports to China and the ASEAN region over the coming years. Recent trade data shows a significant increase in India-China bilateral trade. The Indian government is also addressing concerns related to China's export controls on key machinery.
Gadkari urges industry to manufacture tunnel boring machines in India
Nitin Gadkari urged the industry to focus on developing tunnel machinery indigenously due to recent export controls from China. The Indian government plans to invest over Rs 7 lakh crore in infrastructure projects, including highways and tunnels. Gadkari highlighted the importance of quality in highway construction and stated that poor-performing contractors would face consequences. Additionally, he mentioned ongoing efforts to improve logistics costs and connectivity through various projects.
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