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India wants to review, expand 15-year-old trade pact with Japan

India has been seeking a review of the agreement for several years but the Japanese side was holding out. A breakthrough of sorts was achieved last month when Prime Ministers of both countries said the two sides should discuss the pact and make it more contemporary. Bilateral trade between the two countries was pegged at...

Goods exports rise 15%+, top $200 billion

Latest available data estimated exports during the third week of Aug at over $25 billion, a senior official said, on the condition of anonymity. Commerce and industry minister Piyush Goyal has set an ambitious target of goods and services exports reaching the $1-trillion mark for the first time. Exports have been driven by petroleum products.

Sugar leaves bitter taste as retailers impose caps

The closing stock for sugar season 2026 (runs from Oct to Sept) is estimated at 3.9 MMT, about 25% lower than the previous year and 40% below the five-year average of 6.5 MMT, analysts at Crisil Intelligence said in a note, prompting govt to allow import of 10 lakh tonnes of raw sugar, the first...

India emerges as highest-performing market for Nestle

“Emerging markets are driving growth for Nestlé across the board and India is leading the pack,” Nestle’s global CEO Philipp Navratil said in his first visit to the country, after taking the helm in Sept last year. At present, India is among its top 10 markets, and the potential to move up is “on the...

Uniqlo looks for expansion, to open more India outlets

Goyal said there is interest on both sides in growing textiles trade. While Indian textiles players were unable to crack the Japanese market for several years due to low interest level, but some headway has been made as homegrown players now understand the requirements better in terms of understanding the quality and styles required here.
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