New Delhi, Sept. 8 -- India's commerce ministry is moving quickly to cushion the impact of steep 50 per cent tariffs imposed by the U.S. on key exports.
The government is strengthening ties with Singapore and the UAE to open up new markets for seafood, textiles, and other goods.
Singapore has agreed to increase imports of Indian farm produce and is exploring access for Indian seafood. This offers much-needed relief for marine exporters facing U.S. restrictions.
The UAE, a long-time trade partner, is being considered as a hub for Indian textile exports, one of the hardest-hit sectors.
In FY25, India's marine exports to the U.S. stood at USD 2.68 billion, up from USD 2.50 billion in FY24. Textile exports reached USD 10.9 billion, compar...
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