India and the UAE recently executed their first crude oil transaction involving 1 million barrels of crude oil using the Local Currency Settlement (LCS) mechanism, signalling a pivotal shift in the cross-border trade approach between the two nations.
India is simplifying its advance authorization scheme to expedite the process for exporters seeking duty-free imports of input materials that are used for final export goods.
Karnataka in South India attracted major new investments in 2022-23 and continues to build up its business-friendly profile. Foxconn has announced intentions to invest further in a supplementary plant.
Despite concerns from domestic and IMFL whisky brands, discussions on Indian imports of Scotch whisky have made some progress, which is expected to be well-received by Indian consumers. The discussions had been previously held up due to tariff disputes.
India-Japan Economic Partnership: Bilateral Trade, Infrastructure Projects, and Semiconductor Collaboration
Semiconductors, decarbonization, manufacturing, and infrastructure projects are key areas of India-Japan investor collaboration. They overlap with India’s ambitious growth goals and economic development aspirations.
India’s government has revamped the Market Access Initiatives (MAI) Scheme to provide financial incentives for exporters and start-ups.
Following PM Modi’s invitation to attend France’s Bastille Day celebrations amid 25 years of India-France strategic ties, the two countries agreed to a Horizon 2047 Roadmap. We discuss key thrust areas and note bilateral trade and investment trends.
In FY 2023, Tamil Nadu’s electronics exports reached US$5.37 billion, triple the previous year, making it the top Indian state in this domain. Further, the state topped India’s Export Preparedness Index for 2022.