Amul’s Sodhi draws out blueprint for India’s desire to become global dairy hub

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Amul, the pioneer of India’s white revolution, is eyeing an opportunity to turn the country into a global dairy hub. Already accounting for a fifth of the world’s milk output, the country’s share is set to grow to about a third, said Amul’s Managing Director R.S. Sodhi. “In dairy, we have lot of export potential because […]

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U.S. says ‘Make in India’ campaign epitomises challenges facing US-India trade ties

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The Biden administration has told the US Congress that India’s recent emphasis on import substitution through the ‘Make in India’ campaign has “epitomised” the challenges facing the bilateral trade relationship. In its 2021 Trade Policy Agenda and 2020 Annual Report, the US Trade Representative (USTR) said that during 2020 the US continued its engagement with India to […]

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U.S. levies anti-dumping duties on aluminium sheet from 18 countries, including India

The U.S. Commerce Department issued final anti-dumping duties on common alloy aluminium sheet from 18 countries, including up to 242.8 per cent on imports from Germany and 4.83 per cent on imports from Bahrain. The International Trade Administration issued a fact sheet showing anti-dumping and anti-subsidy rates for other countries, including Brazil, Croatia, Egypt, Greece, […]

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Global container shipping rates are high, but unsustainable, says Fitch Ratings

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Global container shipping companies’ performance will be strong in 2021 after a profitable 2020, Fitch Ratings says. Spot freight rates will remain high in the short term, which will flow through to contracted rates for 2021. However, Fitch said, it considers the current rates unsustainable in the medium term, as the sector is susceptible to […]

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Weekly Wrap – India’s farmer protests continues; Brexit sealed; slow economic recovery, fraught with risks

Britain clinched a narrow Brexit trade deal with the European Union on Thursday, just seven days before it exits one of the world’s biggest trading blocs in its most significant global shift since the loss of empire. The deal means it has swerved away from a chaotic finale to a tortuous divorce that has shaken […]

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India’s commerce ministry plans to launch AYUSH Export Promotion Council to boost Ayurveda sector exports

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The Ministry of Commerce and Industry and the Ministry of Ayurveda, Yoga & Naturopathy, Unani, Siddha and Homoeopathy (AYUSH) have decided to work together to set up an AYUSH Export Promotion Council (AEPC) to boost AYUSH exports. The decision was taken recently in a joint review by the Commerce Minister Piyush Goyal and AYUSH Minister […]

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