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TREND | 30 May 2025

Paper imports cross 2 MT in FY25, posing challenges for local players: IPMA

Business Standard

Paper and paperboard imports reached a record 2.05 million tonne in 2024-25 with a 33 per cent jump in volume from China, the Indian Paper Manufacturers Association (IPMA) said on Friday while expressing concerns over growing shipments. This surge in imports has emerged as a significant challenge for the domestic paper industry, undermining its growth potential and threatening investments in capacity expansion, the association said in a statement. Citing the Commerce Ministry data, the IPMA said paper and paperboard imports surged more than twofold in the past four years to hit 2.05 million tonne in FY25 from 1.08 million tonne in FY21. Imports from China now account for 27 per cent of the total paper and paperboard imports into India, and the ASEAN bloc accounts for 20 per cent of the total imports, the IPMA said. In value terms, imports of paper and paperboard touched nearly Rs 15,000 crore in FY25. The relentless surge in paper imports is a matter of grave concern for the domes

Trade and Commerce

TREND | 30 May 2025

Shrimp export volume growth to stay flat in FY26 due to US tariffs: Crisil

Business Standard

Indian exporters are expected to face stronger competition in low-value-added segments like raw, frozen, and peeled frozen shrimp, according to the Crisil report

UK Flags New Indian Market For Scottish Salmon Trade After FTA

NDTV Profit | 29 May 2025 2 more

Trade and Commerce

TREND | 29 May 2025

Sunil Mittal urges industry to adopt 'India-first' focus on talent, RD

Business Standard

Bharti Group Chairman Sunil Mittal on Thursday exhorted the industry to prioritise an 'India-first' approach, rising above individual or sectoral interests to contribute to nation-building as the telecom sector doyen advocated prioritising of talent dividend, stepping up R&D, trade reset and a collaborative framework between industry and government. Speaking at the CII Annual Business Summit 2025, Mittal also advised companies to emulate the 'Tata' mould of trust as he highlighted the respect commanded by the 'house of Tatas'. Citing the progress made towards trade pacts between India and key nations, Mittal exuded confidence that the government will safeguard industry's interests in trade agreements, but asserted at the same time, that it is important that the "industry and chambers don't ask for things which will make FTAs difficult". Stating that lakhs of crores are stuck in litigation around direct taxes, indirect taxes, and other regulatory matters, the industry stalwart said

Trade and Commerce

TREND | 29 May 2025

Trade, Markets Being Weaponised; US Driving Tariff, Deficit Narrative: Commerce Ministry Official

NDTV Profit

Global supply chains and capacities are over concentrated, and businesses are finding it difficult to focus on fundamentals, says Rajesh Agrawal.

Trade and Commerce

TREND | 29 May 2025

Govt set to relax rules under Advance Authorisation scheme for exporters

Business Standard

Exporters may soon be eligible for Advance Authorisation benefits even if goods are shipped before licence issue, provided the Bill of Entry is filed after the licence date

Trade and Commerce

TREND | 28 May 2025

Pernod Ricard to cut Scotch prices in India after UK trade deal

Business Standard

The India-UK FTA will reduce Scotch import duties from 150% to 40% over 10 years, making premium spirits more affordable for Indian consumers

Carbon tax not part of India-UK FTA, to be discussed outside

Business Line | 27 May 2025

Trade and Commerce

TREND | 27 May 2025

Piyush Goyal Meets Exporters, Urges Higher FTA Use; US, EU Trade Deals Figure In Discussions

NDTV Profit

The minister also stated that support could be provided to exporters to deal with European Union regulations like Digital Product Passport, they said.

Trade and Commerce

TREND | 27 May 2025

India Aiming For $1 Trillion Exports In FY25, Hoping For US Mini Trade Deal Next Month: FIEO

NDTV Profit

Order books have started filling up again after a slow one-two month phase, said Federation of Indian Export Organisations President SC Ralhan.

Trade and Commerce

TREND | 27 May 2025

Government Plans Centralised Exporters Portal; Piyush Goyal To Meet Export Promotion Councils Today

NDTV Profit

The proposed portal will be designed to serve as a one-stop platform for global importers to discover Indian goods and services across sectors.

Trade and Commerce

TREND | 27 May 2025

India's goods, services exports may reach $1 trillion in FY26: FIEO

Business Standard

The country's overall goods and services exports are expected to reach USD 1 trillion during 2025-26, according to apex exporters' body FIEO. In 2024-25, the exports were aggregated at USD 825 billion. Federation of Indian Export Organisations (FIEO) President S C Ralhan said merchandise exports will increase from USD 437 billion to USD 525-535 billion in 2025-26. He said that services exports may rise from USD 387 billion to USD 465-475 billion this fiscal. The main sectors which can help push the exports include electrical and electronics (USD 60 billion), machinery (USD 40 billion), chemicals (USD 40 billion), pharmaceuticals (USD 30 billion), petroleum (USD 70 billion), apparel and madeups (USD 23-25 billion), gems and jewellery (USD 30-35 billion) and agriculture (USD 55 billion).