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High freight costs and container dependence knock India's exports; GTRI
Freight rates for Indian exporters to Europe and the US have more than doubled over the past year, partly due to disruptions in the Red Sea.Read more
Amazon to export $5 billion in small-ticket items from India in 2024
Companies such as Walmart are also scaling up their imports from India while decreasing their Chinese procurement.Read more
Marine Electricals inks MoU with Cummins India to manufacture naval ship pumps
In addition to their work in the naval sector, the MoU also aims to explore opportunities in the energy sector by offering power generation solutions.Read more
'Made in India' export surge draws major shipping lines to expand services
Global importers are increasingly seeking alternatives to China, with significant volumes of Indian exports including automobiles and polyethylene (PE) products. Read more
MoPSW to develop new shipbuilding scheme to incentivise Indian shipyards till 2035
Additionally, global cruise giant MSC Cruises has shown interest in deploying ships for domestic routes in India. Read more
No PLI proposals for shipping container manufacturing; GOI
The PLI scheme, which was introduced in 2021, supports 14 sectors, including telecommunications, textiles, medical devices, automobiles, and more, with a total budget of Rs 1.97 trillion.Read more
Over 500,000 industrial robots shipped in 2023 globally
The industrial robot market growth trajectory is in line with global manufacturing output figures.Read more
India's imports from ASEAN FTA partners; $187.92 billion in FY24
Exports to Asean countries grew from $37.47 billion in FY19 to $41.21 billion in FY24, marking a 9.96 per cent increase. Read more
India's defence sector holds prospect of $138 billion from FY24-32
This growth is owing to escalating defence budgets, modernisation initiatives, and the government's emphasis on indigenous manufacturing through programs like ‘Make in India’.Read more
FTAs boost Engineering exports; shipments to Russia double
While Russia has become a major trading partner in the last two years largely due to imports of petroleum crude, engineering exports to the country have doubled during April-February this yearRead more