India's exports increased by 4.25 percent to $26.26 billion in February, registering positive growth for the second straight month, on the back of revival of demands in Europe, government data showed Monday.
The India-China Economic and Cultural Council (ICEC Council), on January 10, 2013, hosted a high-powered business delegation from China, which is expected to travel across India to explore trade and investment opportunities.
Truck movements at the Attari land border, between India and Pakistan, have not been affected despite escalating tensions along the de facto border or the Line of Control (LoC), according to an official working at a government warehouse on the Indian side.
The Export Inspection Council of India (EIC) plans to outsource the development and operation of a software platform capable of downloading, analyzing and disseminating information about technical barriers to trade (TBT) to the country's exporters. Firms dealing in trade policy issues can submit their bids.
The mustard oil-manufacturing units in Kaliaganj, West Bengal, have been unable to find customers outside the boundaries of the state. Traders in the state rue this lack of trade opportunities.
Indian exporters are blaming poor infrastructure, at the Attari land border with Pakistan, for delays in truck movements. But officials manning the government warehouse near the Indian check post claim the Pakistan-side is responsible for these delays.
The Philippine government Tuesday urged Filipino exporters to look for opportunities in India amid a slowdown in key markets like the US and Europe; and the existing trade agreement between the ASEAN and India.
The installation of air-conditioned food containers and a cold storage facility at the Attari land border would help in the growth of the local businesses, exporters in Amritsar said. These exporters are of the opinion that the central government should look into this.
Pakistani President Asif Ali Zardari has endorsed the liberalised visa agreement between Pakistan and India, a media report said. Visas will be issued for a period of up to six months and will allow a trip to not more than five places.
Indian industry typically views Chinese firms and their products as direct and cut-throat competition respectively. But the automotive components industry of India is increasingly partnering with Chinese companies while on the road to success.