India and Singapore are accelerating cooperation in the semiconductor sector, with a recent industry meet focusing on boosting investments and strengthening the electronics value chain. The engagement brought together key stakeholders from both countries to explore opportunities for collaboration in manufacturing, design, and supply chain integration. Singapore’s established expertise in semiconductor manufacturing and global supply chains complements India’s expanding industrial base, policy incentives, and large domestic market. The discussions highlighted how the two nations can lev
Union Commerce and Industry Minister Shri Piyush Goyal strengthened India’s global economic engagement through high-level meetings with leaders from South Korea and Austria. In a virtual interaction with South Korea’s Trade Minister Yeo Han-koo, both sides reaffirmed their commitment to enhancing bilateral trade, investment flows, and technological collaboration. The discussions highlighted opportunities for deeper integration in emerging sectors and building resilient supply chains. On the European front, Goyal held in-person talks with Austrian Chancellor Christian Stocker, co-chairi
India’s goods exports reached a record high of $442 billion in the financial year 2025-26, marking a significant milestone for the country’s trade sector. The achievement reflects strong global demand for Indian products and the government’s sustained efforts to boost exports. Key sectors contributing to the growth include engineering goods, petroleum products, electronics, pharmaceuticals, and textiles. The diversification of export markets and increased competitiveness of Indian industries have played a crucial role in driving the surge. Government initiatives, such as productio
Union Commerce and Industry Minister Shri Piyush Goyal held virtual discussions with his South Korean counterpart to explore avenues for strengthening bilateral trade and economic cooperation. The talks focused on enhancing trade flows, addressing market access issues, and expanding collaboration in key sectors such as technology, manufacturing, and supply chains. Both sides emphasised the importance of deepening economic engagement amid evolving global trade dynamics. India and South Korea have maintained a robust trade partnership, and the meeting aimed to further build on the Comprehens
India has achieved a record export figure of USD 860 billion in the financial year 2025-26, according to Union Commerce and Industry Minister Shri Piyush Goyal. The milestone reflects strong performance across goods and services exports, driven by robust global demand and policy support. The growth in exports has been supported by key sectors such as engineering goods, electronics, pharmaceuticals, and services. Government initiatives aimed at improving ease of doing business, expanding trade agreements, and enhancing manufacturing capabilities have played a crucial role. The minister h
The International Monetary Fund (IMF) has revised Malaysia’s economic growth projections upward, forecasting real GDP growth of 4.7 percent for 2026 and 4.3 percent for 2027. The improved outlook reflects stronger domestic demand, steady investment activity, and resilience in key economic sectors. The revised projections indicate confidence in Malaysia’s macroeconomic stability and policy direction. Growth is expected to be supported by continued expansion in manufacturing, services, and exports, particularly in technology-driven industries. The IMF’s assessment also highlights th
Union Commerce and Industry Minister Piyush Goyal has announced that India is set to gain preferential market access to 38 developed countries, marking a significant step in strengthening its global trade footprint. The development comes as part of ongoing trade negotiations and agreements aimed at expanding India’s export opportunities. According to the minister, these trade arrangements will provide Indian businesses with reduced tariffs and improved market entry conditions, enabling them to compete more effectively in international markets. The move is expected to benefit sectors such
Prime Minister Narendra Modi inaugurated the ₹12,000-crore Delhi–Dehradun corridor, marking a major milestone in India’s infrastructure development. The newly launched expressway is expected to significantly enhance connectivity between the national capital and Uttarakhand, reducing travel time from nearly six hours to approximately 2.5 hours. The project forms part of the government’s broader push to modernize road infrastructure and improve regional accessibility. The corridor is designed to ease congestion, promote tourism, and facilitate faster movement of goods and passengers
Prime Minister Narendra Modi has underscored a significant transformation underway in India’s pharmaceutical sector, stating that the country is evolving from being the “pharmacy of the world” to an emerging hub of innovation. Highlighting the sector’s growth trajectory, the Prime Minister emphasized that India is moving up the value chain by focusing on research-driven development rather than relying solely on generic drug manufacturing. India has long been recognized globally for supplying affordable medicines, particularly generic drugs. However, recent policy initiatives and in
India has marked a significant milestone in its clean mobility journey by exporting 100 electric buses to Mauritius, the largest such deal undertaken by the country to date. The buses were supplied by Switch Mobility, an electric vehicle arm of the Hinduja Group, under a government-to-government initiative aimed at strengthening sustainable transport infrastructure in the island nation. The final batch of buses was formally handed over during an official ceremony attended by senior leaders from both nations, highlighting the diplomatic importance of the transaction. The project was facilit