India has reportedly finalised a deal to supply the BrahMos supersonic cruise missile system to Vietnam, marking another significant step in the country’s efforts to expand defence exports and strategic partnerships in Southeast Asia. Reports indicate that India is also exploring similar opportunities with Indonesia as part of its broader regional engagement strategy. The BrahMos missile, developed through a joint venture between India and Russia, is regarded as one of the world’s fastest operational supersonic cruise missiles. The system has attracted international interest due to its
Union Minister Nitin Gadkari has called for expanding the role of farmers beyond traditional food production, stressing that they should become key contributors to India’s growing energy sector. Speaking at a public event, Gadkari highlighted the potential of biofuels, ethanol, compressed biogas and other renewable energy initiatives to create new income streams for agricultural communities. The minister argued that farmers can play a significant role in meeting the country’s energy requirements by supplying agricultural residues and biomass for clean fuel production. According to him,
The proposed trade agreement between India and Oman is expected to create fresh export opportunities for Kashmir’s handicrafts and agricultural products, offering a significant boost to local businesses and artisans. Industry representatives believe the pact could improve market access and enhance trade links between the two countries. Kashmir is renowned for its traditional handicrafts, including carpets, shawls, papier-mâché products and woodwork. Exporters anticipate that reduced trade barriers and improved commercial cooperation could help these products reach a wider consumer base
South Korea recorded its strongest export growth in more than four decades, driven largely by soaring global demand for artificial intelligence-related semiconductors. The surge highlights the country’s critical role in the global technology supply chain and the expanding influence of AI-driven industries. Exports of advanced memory chips and semiconductor products experienced significant growth as technology companies worldwide accelerated investments in artificial intelligence infrastructure, cloud computing and data centres. South Korean manufacturers benefited from increased demand f
Union Commerce and Industry Minister Shri Piyush Goyal represented India at a key meeting of the World Trade Organization, where he called for inclusive and equitable reforms to the global trading system. Addressing fellow ministers and trade representatives, Goyal emphasised the need for a framework that better reflects the interests of developing economies. India highlighted concerns related to agricultural support, food security, fisheries negotiations, and fair market access. Goyal argued that reforms should ensure that smaller and developing nations have equal opportunities to partici
Singapore has expanded its regional carbon market network through a new agreement with the Philippines, marking another step in efforts to develop credible carbon trading frameworks across Southeast Asia. The agreement is expected to support climate finance initiatives and encourage greater cooperation on emissions reduction projects. The partnership builds on Singapore’s strategy of positioning itself as a regional hub for carbon markets and sustainable finance. Through such agreements, participating countries can work together to facilitate carbon credit projects, strengthen market sta
Canada has signed a landmark agreement to export liquefied natural gas (LNG) to Germany, marking a significant development in transatlantic energy cooperation as European nations continue diversifying energy supplies. The deal is expected to strengthen Germany’s long-term energy security while positioning Canada as a growing global LNG exporter. The agreement comes amid Europe’s efforts to reduce dependence on traditional energy suppliers and secure stable alternatives following recent geopolitical disruptions. Canadian officials described the partnership as a major economic and strate
Indonesia and Malaysia have renewed their bilateral local currency swap agreement, reinforcing financial cooperation between the two Southeast Asian economies amid evolving global economic conditions. The agreement was renewed between Bank Indonesia and Bank Negara Malaysia to support trade, investment and financial stability using local currencies. Under the arrangement, both countries can exchange local currencies to facilitate cross-border trade and reduce dependence on major foreign currencies such as the US dollar. Financial authorities stated that the agreement aims to strengthen reg
Union Commerce and Industry Minister Piyush Goyal met leading Canadian business executives during his visit to Canada as India intensified efforts to attract greater foreign investment and strengthen bilateral economic cooperation. The meetings focused on expanding partnerships across sectors including technology, manufacturing, clean energy, infrastructure and innovation. Goyal interacted with CEOs and senior executives from several major Canadian firms, highlighting India’s economic growth trajectory, policy reforms and investment opportunities. He emphasised India’s emergence as a g
India is aiming to significantly deepen economic ties with Canada, with Commerce and Industry Minister Piyush Goyal leading a major business delegation during his visit to the North American nation. The two countries are targeting bilateral trade worth $50 billion by 2030 as discussions resume around a Comprehensive Economic Partnership Agreement (CEPA). The visit marks an important step in rebuilding and strengthening economic relations between the two countries after diplomatic tensions in recent years. More than 100 Indian business leaders are accompanying Goyal to Canada for meetings w