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Category: Business Trends

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India-UK Free Trade Deal to Slash Textile Export Duties, Unlocking New Growth Opportunities

A landmark shift is on the horizon for Indian textile exporters as the proposed India–UK Free Trade Agreement (FTA) is set to eliminate import duties—currently as high as 12%—on textile shipments to the UK. According to a report by India Ratings and Research (Ind-Ra), this move is expected to unlock major growth opportunities for India’s textile sector, especially in apparel and home furnishings.

Why It Matters:

With zero-duty access to the UK market, Indian exporters will gain a competitive edge over rivals like China and Bangladesh, particularly as these countries continue to face trade barriers, including U.S. tariffs.

Key Takeaways :

  • Zero Import Duty: Indian textile products will no longer face up to 12% tariffs in the UK, making them more price-competitive.
  • Potential Market Gain : India could capture an additional ₹45–70 billion (USD 500–800 million) in exports if it increases its UK market share by just 2–3%.
  • Current Export Snapshot :
  • India’s total textile exports (FY24): USD 35 billion
  • Exports to the UK: USD 1.9 billion (5th largest destination)
  • Sectoral Boost:
  • Apparel and home textiles are expected to benefit the most.
  • Apparel alone accounts for over 70% of China’s and 98% of Bangladesh’s textile exports to the UK, categories India is now poised to compete more effectively.
  • Limited Drawbacks : UK imports into India are minimal, so domestic manufacturers are unlikely to be adversely affected.
  • Strategic Advantage : India’s improved access comes as global rivals face trade restrictions, enhancing India’s appeal in international sourcing strategies.

What This Means for the Industry:

The FTA could be a game-changer, positioning India not just as a cost-effective supplier but as a reliable, duty-free source for high-quality textiles. It strengthens India’s global trade footprint and supports long-term growth by breaking down critical trade barriers.
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Russia Targets Long-Term Coal Partnership with India Amid Massive Reserve Expansion

Russia is positioning itself as a long-term coal supplier to India, backed by an astonishing reserve capacity that could sustain global demand for over 500 years, according to Russian Energy Ministry officials.
Speaking on the future of the coal industry, Deputy Prime Minister and Energy Minister Alexander Novak highlighted that Russia is rapidly developing next-generation, eco-friendly coal mining hubs. These advanced facilities are expected to add 250 million tonnes of production capacity by 2025 alone.
“Russia sees India as a key strategic partner in energy cooperation,” Novak said in the latest issue of Energy Policy magazine. “Our countries can build a strong, reliable energy corridor that benefits both economies.”
In 2024, Russia produced 443.5 million tonnes of coal, with nearly 196.2 million tonnes destined for export, making it one of the top coal exporters to India by volume.
Looking ahead, Novak envisions a coal sector transformed by innovation. “By 2050, the industry will consist of high-tech, environmentally compliant enterprises that meet the demands of a sustainable future,” he noted.
With vast reserves and modern infrastructure investments, Russia’s energy ambitions could play a key role in powering India’s growing energy needs.
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South African Citrus Exports to India Triple to 30,000 Tons

South Africa’s seedless citrus fruits—especially oranges and mandarins—are enjoying a surge in popularity in India, with exports tripling over the past five years. Backed by smart logistics strategies and growing consumer demand, the Indo-African fruit trade is entering a juicy new chapter.
South Africa exported 30,000 tons of citrus to India in 2024, up from 10,000 tons in 2019, capitalizing on demand for easy-peel, vitamin-rich fruits during India’s offseason.
However, challenges remain—from steep tariffs to cold treatment regulations. Yet, logistics players are rising to the occasion, creating efficient supply chains and unlocking the potential of the India–South Africa fresh produce corridor.

Key Highlights:

  • Export Growth:
Citrus exports from South Africa to India surged from 10,000 tons in 2019 to 30,000 tons in 2024.
  • Peak Season Advantage:
South Africa’s citrus season (June–October) avoids direct competition with India’s (November–March).
  • Consumer Demand:
Rising middle-class income and a focus on health drive demand for premium, seedless citrus rich in vitamin C.
  • Price Challenges:
A 30% import duty and restrictions on in-transit cold treatment inflate costs and risk product quality.
  • Regulatory Developments:

India and South Africa are in talks to harmonize cold treatment protocols, potentially allowing in-transit processes and reducing spoilage.

  • Logistics Response:
Providers are investing in:
  • Temperature-controlled shipping
  • Fast customs clearance
  • Domestic distribution networks via key ports (Nhava Sheva, Chennai)
  • Urban Demand Centers:
Cities like Mumbai, Delhi, and Bengaluru are driving the trend toward high-quality imported fruits.
  • Future Outlook:
With improved policies and logistics innovations, exports could exceed 50,000 tons in the next few years.
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Steel on the Move: India’s April Exports Climb 12% YoY Amid EU Surge

India’s steel exports saw a strong year-on-year rise in April 2025, even as month-on-month figures showed slight softness. Here’s a quick snapshot of the developments:

Key Highlights:

  • Total steel exports (including stainless steel) reached 725.54 thousand tons in April — up 11.7% YoY, but down 2.7% MoM.
  • Exports to the EU surged by 33% MoM to over 358 thousand tons, the highest in 13 months, thanks to renewed EU import quotas.
  • Shipments to the US and Saudi Arabia fell, as Indian producers redirected supplies to the EU and other regions.
  • Flat steel products exports rose slightly to 556.5 thousand tons (+1% MoM), marking the highest since March 2024.
  • Semi-finished steel exports climbed by 30% MoM to 78.64 thousand tons.
  • Hot-rolled coil (non-stainless) exports dropped by 12% MoM, totaling 130.6 thousand tons.
  • Long product exports plunged by 32% MoM to 90.4 thousand tons.

Market Dynamics:

  • The EU import quota renewal in Q2 prompted Indian exporters to ramp up shipments to Europe
  • US-bound exports face headwinds from steel tariffs, although Q1 shipments saw a temporary spike as buyers front-loaded purchases.
  • China remains a dominant player, aggressively pricing its steel in global markets, influencing trade flows.
  • India introduced a temporary 12% safeguard duty on select steel imports from April 21, 2025 for 200 days, aimed at protecting domestic manufacturers from import surges.
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India Eyes Rapeseed Meal Export Revival to China Amid Widening Price Gap

India is positioning itself to reclaim its share in China’s rapeseed meal market, leveraging a significant price advantage over global competitors amid tightening supplies and rising international rates.
The Solvent Extractors’ Association (SEA) has urged the Ministry of Commerce to engage Chinese authorities in relaxing import restrictions, which currently limit exports to just three Indian facilities approved by China’s customs administration.
With Indian rapeseed meal priced at $202/tonne (Ex-Kandla FAS) versus $308/tonne (Ex-Hamburg) internationally, Indian exporters see a strong opening to re-enter the Chinese market—especially as China faces supply constraints from its main suppliers, Canada and the EU.
However, the Indian oilmeal export sector is also contending with competition from Distillers Dried Grains with Solubles (DDGS), a protein-rich ethanol byproduct increasingly used in animal feed, which may impact traditional demand.
Despite record harvests in soybean and mustard crops boosting domestic meal supply, global price disparity continues to dampen export demand.

Key Takeaways :

  • Price Edge: Indian rapeseed meal at $202/tonne vs international rate of $308/tonne, creating strong export potential.
  • Limited Access: Only 3 Indian plants are currently approved by China for rapeseed meal exports.
  • SEA's Appeal: Industry body urges government to push for relaxed Chinese import norms.
  • Market Opportunity: Supply constraints in Canada and EU open doors for India in China’s animal feed market.
  • DDGS Disruption: Rise of ethanol byproduct DDGS is reshaping feed industry demand and competing with traditional oilmeals.
  • Production Boost: Record soybean and mustard harvests have increased meal availability in India.
  • Export Slowdown: Export demand remains weak due to uncompetitive international pricing.
  • April Export Stats:
  • Total oilmeal exports: 4,65,863 tonnes (up from 4,65,156 tonnes in April 2024)
  • Rapeseed meal exports: 2,13,023 tonnes
  • Soybean meal exports: 2,30,743 tonnes
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India–UK FTA Set to Double Apparel and Textile Trade by 2030

India’s apparel and home textiles exports to the UK are on track to see a major boost, with trade volumes expected to double over the next 5–6 years. This surge is attributed to the recently concluded Free Trade Agreement (FTA) between the two nations, according to a report by credit rating agency ICRA.

Key Highlights :

  • The India–UK FTA is projected to become operational in calendar year 2026, pending legal review.
  • In CY2024, the UK imported $1.4 billion worth of apparel and home textiles from India.
  • This accounted for a 6.6% share of the UK’s total textile imports.
  • Currently, UK imposes 8–12% duty on apparel and home textiles from India.
  • The FTA will eliminate tariffs on 99% of Indian goods, including textiles.
  • To meet growing demand, new manufacturing capacities are expected to be added in 4–5 years
With zero tariffs and strategic capacity building, the FTA could unlock a new era of textile trade growth between India and the UK.
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India’s Smartphone Exports Overtake Petroleum & Diamonds to Top Export Charts

In a dramatic shift in India’s export landscape, smartphones have surged past petroleum products and diamonds to become the country’s #1 export item, according to recent government data.

Fueled by booming global demand and policy-driven momentum, India is fast emerging as a global smartphone manufacturing powerhouse.

Key Highlights:

  • Massive Growth in Smartphone Exports
  • 2024–25: $24.14 billion
  • 2023–24: $15.57 billion
  • 2022–23: $10.96 billion
  • 55% year-on-year jump in 2024–25
  • The US & Japan Lead the Surge
  • USA:
  • 2022–23: $2.16B → 2024–25: $10.6B (nearly 5x growth)
  • Japan:
  • 2022–23: $120M → 2024–25: $520M (4x increase)
  • Europe Joins the Party
  • Netherlands: $1.07B → $2.2B
  • Italy: $1.07B → $1.26B
  • Czech Republic: $1.07B → $1.17B
  • Policy Push Pays Off
  • The Production-Linked Incentive (PLI) scheme has played a pivotal role
  • Attracted new investments
  • Boosted local manufacturing
  • Strengthened India’s role in global supply chains
  • Historic First
  • Smartphones now surpass petroleum and diamonds traditionally India’s top exports
“This rapid ascent is transforming India into a key global hub for smartphone manufacturing and exports,” said a senior Commerce Ministry official.
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India Imports 2.88M Tons of Iron Ore Jan–Apr, Up 76% YoY Amid Domestic Supply Gaps

India’s appetite for imported iron ore continues to grow, even as domestic production hits historic highs. From January to April 2025, the country imported approximately 2.88 million tons of iron ore (including fines and pellets), marking a 76% year-on-year increase, according to trade data reported by Kallanish.

Key Highlights :

  • 📈 Imports Soar : Iron ore imports reached 2.88 million tons in Jan–Apr 2025 — up 76% vs. the same period last year.
  • 🌍 Top Suppliers: Oman and Australia emerged as the leading sources of these imports.
  • 🏭 JSW Steel Leads Demand : The steel giant was the largest importer, reportedly sourcing ore from Oman for its western India plants amid local supply issues.
  • 🌧️ Domestic Disruption : Prolonged monsoons in late 2024 disrupted mining operations, tightening local supply.
  • ⛏️ Production Milestone : India produced 289 million tons of iron ore in FY2024/25 — a record high, up 4.3% YoY.
  • 🔄 Pellet Capacity Expands : Pellet production rose to 105 million tons, supported by growing use in blast furnaces and expansion of steelmaking capacity.
  • 🧱 Installed Capacity Growth : Pellet design capacity rose to 164 million tons per year, up from 148 MT in FY2023/24 (BigMint data).
Despite a strong domestic mining performance, India’s growing steel sector and periodic supply chain interruptions are prompting a greater reliance on overseas sourcing — especially for key players like JSW Steel.
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India Close to Signing Trade Deal with Oman as Gulf Engagement Gains Momentum

India is on the cusp of finalizing a Free Trade Agreement (FTA) with Oman, one of its oldest strategic partners in the Gulf region. The deal is expected to deepen economic ties and open new avenues for trade and investment.
According to The Economic Times, the India-Oman Comprehensive Economic Partnership Agreement (CEPA), which was formally launched in November 2023, is in its final stages.
“Only a few issues are left to be resolved with Oman and an announcement could be made this month,” a source involved in the negotiations revealed.

Key Trade Highlights :

  • Exports to Oman (Apr–Feb FY25): $4.42 billion
  • Imports from Oman: $4.52 billion
  • Top Indian exports :
  • Light oils and preparations
  • Ships and floating structures
  • Aluminium oxide (excluding artificial corundum)
  • Rice, mechanical appliances, sunglasses, aircraft
  • Agricultural items such as fruits, vegetables, spices, tea, and coffee
  • Major imports from Oman:
  • Petroleum products and urea (over 70% of total imports)
  • Polymers of propylene and ethylene, pet coke, gypsum, chemicals, iron and steel
The economic relationship goes beyond trade. India and Oman have recently updated their Double Taxation Avoidance Agreement (DTAA), aligning it with global standards to facilitate smoother cross-border transactions.

💼 Investment Ties:

  • As of December 2023, joint venture investments in Oman stood at $776 million.
  • FDI inflows from Oman to India (Apr 2000 – Jun 2024): $597.14 million (Source: Indian Embassy in Oman)

🌐 Strengthening Gulf Partnerships

India’s engagement with Oman is part of a broader strategy to enhance economic cooperation across the Gulf:
  • An FTA with the UAE has already been signed
  • Talks are ongoing with the Gulf Cooperation Council (GCC), which includes:
  • Saudi Arabia
  • UAE
  • Qatar
  • Kuwait
  • Oman
  • Bahrain
  • India is also seriously considering an FTA with Qatar, following the Emir’s visit to New Delhi in February 2025. Qatar has expressed strong interest in increasing investments in India.
These developments reflect India’s growing focus on building robust economic linkages in the region, especially in sectors like trade, energy, infrastructure, and security.
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India’s Pharma Juggernaut Powers Ahead

India’s pharmaceutical are still on a roll: pharma exports to the US jumped 14 % in April–Feb FY25, touching US $9.8 billion even off a hefty base, Pharmexcil data shows.
  • America still rules the prescription pad—it soaks up 36.6 % of all Indian pharma shipments.
  • Global lift : Overall pharma exports rose 7 % to US $26.8 billion, putting the full‑year tally on track for ~US $27 billion.
  • Risk radar : With talk of fresh US import tariffs, Indian manufacturers are scouting new frontiers in Europe, Africa, and emerging markets to keep growth humming.
Logistics lens : Expect steady volumes of time‑sensitive, high‑value pharma freight heading west—plus a pivot toward alternative lanes as exporters hedge against tariff risk. Tighten your cold‑chain and compliance game to stay ahead.

F.A.Q

F.A.Q

Do you have additional questions?

  • It’s not required to maintain Different software for different activities, like to open a docket in one software, for B/L Printing one software and for Accounts in a different one. All are included under one Roof
  • Data of other branches shall be collected and it shall be maintained in the HO as and when required.
  • Multi Location Data Collection Environment (MLDCE)
  • Multi Location Data Integration
  • Consolidated Reports of Branches
  • Customized User Security Levels
  • Document Management System
    In-built Accounting System
  • In – Built Mailing System
  • Credit Limits for Debtors / Creditors
  • Our Freight forwarding software provides the Red alert of the Brokerage Bills not submitted to shipping lines as well the outstanding of the Brokerage bills which are not Set off.
  • provides the Red alert of invoices that are not billed to the Customers.
  • Provides the consolidated reports based on the Modules and the Branches
  • Provides the Shipment wise Profitability reports based on the Job No’s, Salesman wise, Module wise
  • Provides reports like SOB, Pre-alert, Stuffing, Loading, Transshipment details etc….on a Single Click
  • Provides Consolidated Trial Balance, Profit & Loss, Balance Sheet, Ledger Report, BRS etc….
  • Yes! Provides the Shipment wise Profitability reports based on the Job No’s
  • Provides the Shipment wise Profitability reports based on the Salesman wise
  • Provides the Shipment wise Profitability reports based on the Module wise

Yes! The Reports can export to PDF format, Excel, Word Format etc.

Yes! B/L print outs can be taken in a Single click

  • Yes! User Privileges can be set based on their Profile/Designation.
  • Back up of the Data can be taken in a single click

Freight forwarders provide their customers with a range of services including consolidation, documentation, freight payment and customs clearance. The service is offered by freight forwarders who serve as an intermediary between the shipper and the forwarder’s transportation network.

  • Entering data about each shipment
  • Finding out about rates
  • Finding out about documentation
  • Making bookings
  • Managing quotations

The world is calling, but the struggle with complex international exports can be overwhelming. Shipping software allows you to:

Optimize systems: Automate operations, expand productivity, and increase accuracy.

To achieve global ordering: Track inventory in real time; compatibility with global networks; and make decisions based on data.

Enhanced customer service: Respond quickly, provide clear information, and rise above language issues.

Choose the right freight forwarding software to open your company to global growth.

Choosing the right freight software is like choosing your superhero gear – it empowers you to handle complex logistics and soar to new heights. Here are some basics to ensure your software is a real winner:

Effortless Shipping: Imagine recording, tracking and reporting on shipments with a few clicks. Your software may simplify these processes, freeing you up to focus on bigger things.

Simplified bookkeeping: Creating accurate quotes, invoices, and report cards is unlike paper invoices. Look for software that simplifies paperwork and keeps everything organized.

Strong customer relationships: A robust CRM system in your software allows you to manage customer interactions, send personalized communications, and foster strong relationships – the foundation of any successful business.

Data push decisions: Your software program can be your own record analyzer. Look for features that provide insightful analysis of overall performance, identify trends, and empower your company to make informed choices.

Easy conversation: Does your software play well with others? Integrating accounting, CRM and visit management systems improves information flow and eliminates accounting silos – a huge win for efficiency
By installing those essential components, you equip your logistics with the software muscle needed to overcome any system challenges and achieve breakthrough success

A quantity of steps are worried in integrating and employing freight forwarding software program (CargoNet) inside your commercial enterprise, these encompass: 

Evaluation and Planning: Assess the existing freight forwarding processes in your organisation and discover regions to be stepped forward. Establish your precise requirements and dreams for imposing CargoNet software program application. Develop a plan of implementation along with timeframes, sources and key individuals.

Customization and Configuration: Collaborate with our implementation group in order to personalize the software program in line with the workflows or processes used by your very own organization. Set up configurations, user privileges, in addition to connections to other systems employed across your business enterprise.

Data Migration: Prepare your present day Freight Forwarding statistics for migration into CargoNet. Make certain that statistics is accurate and sound by way of purging it off old data even as formatting it efficaciously

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