Export Import Updates India

Good news! India is allowing the export of 75,000 tonnes of non-Basmati white rice to the UAE. The Directorate General of Foreign Trade (DGFT) shared this update on Monday. Why is it a big deal? Well, India had previously stopped exporting this Non-Basmati white rice to focus on making sure there's enough rice within the country due to inflation and unpredictable weather. But here's the twist: India isn't completely closing its doors to international trade. It's still exporting non-Basmati rice and other grains to help countries that need it. Recently, India agreed to send 3 lakh tonnes of wheat to Nepal and 14,184 tonnes to Bhutan. India is also sending non-Basmati rice to Bhutan (79,000 tonnes), Mauritius (14,000 tonnes), and Singapore (50,000 tonnes) through the National Cooperative Exports Ltd (NCEL) . India is committed to helping countries that struggle with food security. India is also exporting broken rice to countries like Senegal (5 lakh tonnes), Gambia (5 la...

India, with its current G20 presidency, has a unique chance to boost its collaboration and economy on the world stage. The G20 forum, representing the world's most powerful nations, serves as a prime platform for international economic cooperation. It accounts for a whopping 85 percent of global GDP and 75 percent of worldwide exports. India's presidency has not only embraced the growth strategies of industrial economies in the Global South but has also positioned itself as an appealing manufacturing hub. The timing couldn't be better for India to exert more influence on global policies and the economic sector. Within the G20 framework, there's a special platform known as the Business 20 (B20). This dialogue forum has held a series of summits, where Indian and global industry leaders came together. One notable outcome is the ' India-Middle East-Europe Economic Corridor. ' This exciting initiative will establish a cost-effective cross-border ship-to-rail transit ...