International trade

 The leather and footwear industry in India stands as a testament to the nation’s legacy of craftsmanship and innovation. With a rich history rooted in skilled artistry, this sector has evolved into a modern, high-growth industry contributing significantly to India’s exports and employment. As global demand for sustainable, high-quality leather products grows, India is poised to lead the way with its unparalleled production capabilities. An Industry of Global Importance India ranks as the second-largest producer of footwear and leather garments globally. The nation accounts for: 9% of the world’s footwear production , producing over 3 billion pairs annually. A diverse product portfolio, including finished leather, footwear, leather goods, garments, and accessories. India’s export network spans more than 100 countries , making it a key player in meeting global demands for quality leather products. Market Size and Growth Potential India’s leather and footwear industry is valued at ap...

  A Shared Legacy and Partnership India and South Africa share a unique relationship rooted in a common history of struggle against colonialism and apartheid. This foundation has evolved into a robust partnership, strengthened through global platforms such as BRICS and the IBSA Dialogue Forum, enabling the nations to address critical political, social, and economic issues. Discussions are currently underway for a preferential trade agreement between India and the Southern African Customs Union (SACU), aimed at reducing trade barriers and expanding market opportunities. Such agreements promise to elevate trade volumes and investment flows between the regions. Strengthening Bilateral Economic Cooperation In August 2024, South Africa’s Trade, Industry, and Competition Minister, Parks Tau, reaffirmed a commitment to expanding trade and investment ties at the launch of the India-South Africa Chamber of Commerce (ISACC). Highlighting opportunities in renewable energy, automotive componen...

  New Delhi, Nov 26 (PTI) – Sophie Primas, France's Minister Delegate for Foreign Trade and French Nationals Abroad, will embark on a three-day visit to India from November 27 to 29, 2024. The visit aims to deepen economic cooperation, foster innovation, and promote bilateral investment between the two nations. Primas is set to meet Union Commerce and Industry Minister Piyush Goyal in New Delhi on the first day of her trip. Discussions will center on enhancing the ease of doing business and boosting investment flows. The goal is not only to increase French investments in India but also to attract more Indian foreign direct investment (FDI) to France, a leading European FDI destination. Highlighting the visit’s importance, Primas and Goyal will jointly open the concluding session of the France-India CEOs Forum. The forum will feature key industry leaders, including Paul Hermelin, Chairman of Capgemini, and Hari Bhartia, Co-Chairman of Jubilant Life Sciences Limited. Later, Primas w...