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Commerce and Industry Minister Piyush Goyal has expressed hope that India would emerge as a major exporter of goods and services to China and the ASEAN region in the coming years. Goyal said he held meetings with his Chinese counterpart in Yaounde, Cameroon, and in New Delhi on the sidelines of the BRICS Summit. He added that India was open to promoting free and fair trade with every country. "They (China) are also providing us important intermediate goods, important raw materials. If in any particular product, we find that the fair play or pricing is not proper, then there's an established judicial process, which is conducted. Other than that, we believe in the rules of fair play; we believe in the rules of open trade ...we welcome suppliers to meet the growing needs of India," Goyal told reporters here. He was replying to a question on India-China trade relations in the coming years. The minister was here on a two-day official visit. "We are looking to open markets in different
The cross-border trade between India and China through Shipki La, known as the ancient silk route joining India with Tibet, resumed on Saturday after a gap of six years. Revenue and Horticulture Minister Jagat Singh Negi on Saturday flagged off 16 traders after presenting traditional Khataks (ceremonial scarves) along with their horses towards Shipki village in Tibet. The minister said that the exchange of various goods would take place via a barter system and that the traders would have to return after conducting trade in the Tibetan region for 72 hours. He also inaugurated a modern trade mart (Chhuppan Trade Mart) constructed in the Shipki La area in the border Gram Panchayat of Namgya in Himachal's Kinnaur district at a cost of Rs 1.70 crore to facilitate border trade, a statement issued here said. The minister urged local traders to strictly adhere to the import-export regulations prescribed by the Union Ministry of Commerce, ensuring transparency and compliance with the ...
China opening its market to Indian products, especially pharmaceuticals, coupled with investments in New Delhi, will be "good for the larger country-to-country relationship", envoy Vikram Doraiswami said on Saturday. "Obviously, we would like to be able to export more to China. There is nothing unreasonable about suggesting that, particularly in areas where we believe we have a competitive advantage such as pharmaceuticals," the Indian ambassador said. The envoy made these remarks during a a panel discussion on Protectionism and Global Economic Governance at the World Peace Forum organised by China's Tsinghua University here. "For instance, we're one of the world's biggest exporters of pharmaceuticals to advanced markets," he said, answering a question on India, China trade and investment ties. Trade and commerce constitute an important component of India-China relations. China has overtaken the US to emerge as India's largest trading partner in 2025-26, with bilateral trade reach
The first batch of 26 Indian traders is expected to enter the Chinese territory of Tibet through the Lipulekh pass on June 26, marking the resumption of border trade after a six-year hiatus, according to administrative sources in Dharchula. Ashish Joshi, Trade Officer and Dharchula Sub-Divisional Magistrate (SDM), said that 26 trade passes have been issued, which include 17 traders and nine helpers. A customs office has also been opened at Gunji to facilitate the process. "We expect the first batch of Indian traders to reach Tibet on June 26, as they have already stored their goods in warehouses at villages near the Lipulekh pass," Joshi said. The administration has received applications from more than 103 traders and is currently planning to issue trade passes for a second batch of 25 traders shortly. To assist the traders, the administration has designated a spot near Nabhidhang for mules and horses to transport goods to the Lipulekh pass, which is located nearly 600 metres from
China accounts for around 16 per cent of India's total imports, but its dominance is significantly higher in industrial goods, supplying as much as 30.8 per cent of the country's requirements, think tank GTRI said on Tuesday. The country's imports increased to USD 774.98 billion in 2025-26. Out of this, USD 131.63 billion was from China. Dependence on a single supplier for critical inputs leaves sectors like pharmaceuticals, electronics and clean energy exposed to disruptions, whether geopolitical or commercial, it said. The GTRI analysis said that about 66 per cent of India's imports from China, valued at USD 82.6 billion, are clustered in electronics, machinery, computers, and organic chemicals. China accounts for 43 per cent of India's electronics imports, 40 per cent of machinery and computer imports, and 44 per cent of organic chemicals. "These are not discretionary purchases but core inputs that feed directly into India's manufacturing ecosystem," Global Trade Research ...