New Delhi: Union Minister of Commerce and Industry Piyush Goyal on Thursday launched seven new interventions under the Export Promotion Mission (EPM), a flagship initiative aimed at empowering Micro, Small and Medium Enterprises (MSMEs) to expand their global footprint. The move seeks to enhance India’s export competitiveness, improve market access,…
Tag: #TradeReforms
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India Revises Merchandise Trade Indices Base Year to FY23
In a significant move to modernise India’s trade data framework, the Directorate General of Commercial Intelligence and Statistics (DGCI&S) has revised the base year of the Merchandise Trade Indices to FY 2022–23. The update replaces the earlier base of FY 2012–13 and aims to align trade statistics with current economic…
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EMI Scheme From March 1: Big Relief for Manufacturers
New Delhi: The Centre has announced a major reform aimed at easing customs processes for domestic manufacturers. The Central Board of Indirect Taxes and Customs (CBIC) will roll out the new Eligible Manufacturer–Importer (EMI) Scheme from March 1, offering faster clearances, duty deferral benefits, and simplified compliance procedures. The EMI…
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“India–US Trade Deal Opens $30T Export Market”
India has achieved a landmark breakthrough in global trade with the signing of the India–United States Bilateral Trade Agreement, securing sustained preferential access for Indian exports to the U.S. market valued at over USD 30 trillion. The agreement delivers wide-ranging tariff reductions, zero-duty access for key product categories and calibrated…
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Budget 2026: India’s Trade Policy Reset in Turbulent Times
New Delhi: As India approaches the Union Budget 2026, trade policy has emerged as a central economic challenge rather than a background consideration. Slowing global growth, renewed protectionism and disrupted supply chains have reshaped the rules of international commerce. For India, which remains deeply integrated with major global markets, trade…