Endorsing India's continuing rise as a global hub of manufacturing, US-based retailer Walmart said on Thursday it will triple its exports of goods from India to 10 billion dollars each year by 2027.
The American retail giant’s mammoth plans to triple exports from India is a shot in the arm for Modi’s ‘Make in India, Make for the World’ philosophy which has found a global connect.
From smartphones to TV panels, circuit boards to electric cars, the government has put into place targeted policies to enable industry to present itself as a viable alternative to China in the field of electronics.
The Modi government’s production-linked incentive scheme for smartphones has received an overwhelming response from global sector leaders like Apple and Samsung. If it is successful, it can become the benchmark for 12 others sectors in which India has ambitions of emerging as the world’s preferred manufacturing destination.
CNH Industrial India has emerged as the first company in India to export 100 agricultural tractors to Bangladesh in an inaugural run of a freight train from the Inland Container Depot (ICD) in Dadri, India.
Several barriers to trade have been successfully lifted to facilitate greater market access since the UK and India concluded a Joint Trade Review, the British government’s latest analysis shows.
Demand is surging from Indonesia, Malaysia and Iran, and with it are exporters’ margins. The forecast for the Indian sugar industry is sweet. The word on the street has experts speculating that total sugar exports in the current marketing year could surpass 5 million tonnes. This is a step up from earlier estimates which put it at 4.5 million tonnes. The government had set the mills a target of 6 million tonnes and this landmark could also be overhauled. Thanks [...]
Kuala Lumpur’s intention to import 100,000 tonnes of grain from India has brought about a reset in the strained bilateral ties between the two nations. The strength and potency of India’s foreign policy and its ability to conduct flawless bi-lateral relations among nations has once again been highlighted on a regional scale. Malaysia has approached India for a contract to import 100,000 tonnes of rice for the next two months. The rice deals followed a strong order for the import [...]
India’s growing population and increasing urbanisation creates great opportunities for Australian businesses looking to invest in India. Highlights: India’s exports in goods to Australia have grown at 10 per cent from $2.6 billion in 2014 to $3.7 billion in 2018. India accounts for only 2.7 per cent of Australia’s total service imports, leaving a big potential for growth for Indian exports to Australia. India can explore investment opportunities in the Australian market to manage its domestic resource requirements. The [...]