After the government targeted China with a new import restrictions on electronics ICEA demanded that these import restrictions should only apply for future imports after clearance of goods in transits
Brands such as Sony, LG, Panasonic, Thomson and contract manufacturers like Dixon Technologies say the ban would create a momentum for local manufacturing and create opportunities for the industry
Putting an item under a restricted category of imports means the importer of that commodity will have to seek licence from the commerce ministry's DGFT for imports
Merchandise imports contracted 47.59 per cent in June to $21.11 billion from a year ago, while exports fell 12.41 per cent to $21.91 billion
BKT is the only tyre maker in the country, which has its own Carbon Black plant at Bhuj, with its total current capacity at 1,40,000 metric tonne per annum
If bilateral tensions escalate, then there may be a scenario in which India and China cease to trade
The fact is that India's mood on trade, particularly imports, has soured over the last five or six years
Even after the coronavirus derailed trade, few want to leave China's skilled workforce and efficient suppliers of raw materials to move to other countries
Several right-wing groups, led by the Hindu Raksha Dal (HRD), are preparing to unleash more protest movements.
Support from Centre on alternative fuel technologies and batteries holds key
Imports from the northern neighbour have been on the wane since 2017-18 when it had peaked to $76 bn.
PM Modi's call for a self-reliant India, free of its dependence on imports, means opportunity for the domestic industry. But there are many questions that need to be answered, writes Sai Manish
The trade data came a day after the Bank of Japan increased its support through lending schemes for struggling businesses to $1 trillion.
Sources across ministries confirmed that Narendra Modi's call to "go vocal for local" will be achieved through a host of measures, running into the dozens, and will focus on long-term goals.
India's imports from China stood at $70 billion in 2018-19, with the neighbouring country being its biggest source of merchandise
The development comes in the wake of issues surrounding imports from and exports to China even as the Coronavirus outbreak grips that country
While imports contracted by 0.7 per cent, the rate of fall was significantly lower than the 8.9 per cent contraction in inbound trade seen in December
In Budget 2020, FM emphasised the need to strengthen 'rules of origin' under the FTA to curb import from non-producing (trading) countries
Piyush Goyal said India is facing 'big' problem in imports of a category called "others" and in that category, all sorts of stuff is being imported into the country
Goyal said India is facing 'big' problem in the country's imports of a category called "others" and in that category, all sorts of stuff is being imported into the country