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Category: Business Trends

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Turbocharged Exports: India’s 60% Engineering Boom Ignites Industrial Surge

India’s engineering sector is powering ahead—with exports of engineering goods skyrocketing by 60% since 2014, according to Union Commerce and Industry Minister Piyush Goyal. The milestone is being touted as a direct outcome of the Modi government’s ‘Make in India’ mission, which continues to attract global manufacturing and investment.
This engineering-led growth aligns with a broader uptick in the country’s industrial landscape, bolstered by robust infrastructure development, rising capital investment, and surging consumer demand.

Key Highlights: India’s Industrial & Export Momentum

  • Engineering exports up 60% since 2014 — a strong vote of confidence in Indian manufacturing.
  • Industrial production rose by 2.7% YoY in April 2025, driven by solid output across sectors.
  • Manufacturing sector output climbed 3.4%, up from 3% in March.
  • Machinery and equipment production surged 17%, reflecting high demand both locally and globally.
  • Capital goods output jumped 20.3%, indicating a spike in industrial and infrastructure investments.
  • Consumer durables (electronics, appliances) grew 6.4%, signaling resilient household demand.
  • Infrastructure & construction goods sector expanded 4%, backed by government mega-projects in:
  • Highways
  • Railways
  • Ports

Minister Goyal’s Message:

“India on the rise! Since 2014, under the Narendra Modi Govt., engineering goods’ exports have surged by 60 per cent, reflecting robust ‘Make in India’ success.”

What It Means for the Logistics Sector:

  • Increased export volumes demand efficient freight and warehousing solutions.
  • Rising infrastructure spending opens up opportunities for construction logistics providers.
  • Manufacturing and capital goods growth fuels project cargo and industrial supply chain needs.
  • Strong consumer goods performance boostsretail logistics and e-commerce fulfillment.
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India Posts $28 Billion Trade Surplus with G7, Powered by Smartphones & Pharma Exports

India’s merchandise trade with G7 nations has hit a major milestone, recording a $28 billion trade surplus in FY25, according to a new analysis by Rubix Data Sciences.This performance reflects a strong 13% CAGR in trade with the G7 bloc since FY21.

The growth is driven primarily by surging exports of smartphones and pharmaceutical products, reinforcing India’s rising role as a trusted global supplier to some of the world’s most advanced economies.

Key Highlights:

  • Total G7 trade in FY25:
  • $248 billion in bilateral goods trade
  • $138 billion in exports
  • $110 billion in imports
  • Resulting in a $28 billion surplus
  • Trade surplus sustained with 4 out of 7 G7 members:
  • United States
  • United Kingdom
  • France
  • Italy
  • Top Indian exports:
  • Smartphones & telecom equipment
  • Pharmaceuticals & generic medicines
  • Smartphone exports:
  • Grew 55% year-on-year,reaching $24 billion in FY25
  • Pharma dominance:
  • India supplies 40% of U.S. generic drug demand
  • Covers 25% of U.K.’s total pharmaceutical consumption
  • Changing trade dynamics:
  • India’s export share to G7 rose from 29% to 31% in 5 years
  • Imports from G7 dropped from 18% to 15%, improving trade balanceutical consumption

Expert Insight:

“India’s trade surplus with the G7 reflects the rising global confidence in Indian manufacturing and MSMEs,” said Mohan Ramaswamy, Co-founder & CEO of Rubix Data Sciences. “From cutting-edge smartphones to life-saving drugs, Indian exports are gaining significant traction in mature markets.”

Why It Matters for Logistics & Trade Professionals:

  • G7 markets are becoming more dependent on Indian supply chains.
  • Logistics players should prioritize capabilities in tech, pharma, and high-value cargo handling.
  • There’s clear evidence of resilience and competitive pricing in Indian exports, creating room for freight forwarders and NVOCCs to offer tailored trade-lane solutions.
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India Bags ₹3,000 Cr Locomotive Export Deal with Guinea — Boosts ‘Make in India’ & Africa Ties

In a significant leap for India’s railway export ambitions, the Marhowrah Diesel Locomotive Factory in Bihar will manufacture and ship 150 high-powered locomotives to Guinea as part of a ₹3,000 crore (US$ 345.9 million) deal. These state-of-the-art Evolution Series ES43ACmi locomotives will support Guinea’s ambitious Simandou iron ore project — one of Africa’s largest mining developments.
This deal, secured through global competitive bidding, marks a strategic win under the ‘Make in India’ initiative, strengthening India’s footprint in global rail infrastructure and deepening India-Africa trade ties.

Key Highlights:

  • Total Value: ₹3,000 crore (US$ 345.9 million)
  • Locomotives: 150 Evolution Series ES43ACmi, built with Wabtec
  • Delivery Timeline:
  • 37 locomotives in FY 2025–26
  • 82 in FY 2026–27
  • 31 in FY 2027–28
  • Power & Tech:
  • 4,500 HP engines with AC propulsion
  • Regenerative braking
  • Microprocessor-based control systems
  • Modular design for easy maintenance
  • Fire detection and Distributed Power Wireless Control System (DPWCS)

Global & Economic Impact:

  • First-of-its-kind large-scale loco export to Guinea
  • Multi-gauge factory setup: Supports broad, standard & Cape gauges
  • Employment Impact:
  • 285 direct jobs at Marhowrah facility
  • Over 2,100 indirect jobs across India through the joint venture
  • Boost to African Infrastructure: Locos will haul 100-wagon iron ore trains efficiently across Guinea
This milestone project positions India as a competitive global supplier of heavy-haul rail solutions and reinforces its commitment to high-value manufacturing exports.
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Indian Toy Standards Surpass Global Norms, Driving Export Growth: BIS

India’s toy industry is gaining international recognition—not just for creativity, but for quality. According to the Bureau of Indian Standards (BIS), India’s toy manufacturing standards now exceed global norms, helping domestic players expand into international markets with confidence.

The BIS has aligned its safety frameworks with global standards from the ISO and IEC, covering a comprehensive range of physical, chemical, and electrical safety requirements. These standards are backed by the Toys (Quality Control) Order, 2020, enforced by the Department for Promotion of Industry and Internal Trade (DPIIT) since January 1, 2021.

Why It Matters:

  • Mandatory ISI mark: All toys sold in India—domestic or imported—must meet seven Indian standards and carry the ISI mark under a valid BIS licence.
  • Export-ready quality: India's toy standards are not only compliant but optimized for local climate and user behavior, giving Indian products an edge in global markets.
  • Market growth: The number of BIS-certified toy manufacturers has reached 1,640, including:
  • 1,165 licences for non-electronic toys
  • 475 licences for electronic toys

Industry Voices:

“Our standards address Indian conditions—humidity, temperature, and user patterns—which global benchmarks often miss. This gives us a competitive advantage,” said Mr. Adbhut Singh, Scientist E and Director at BIS’s Western Regional Office Laboratory (WROL), Mumbai.
“BIS certification pushed us to innovate. We now produce over 1 lakh toys a month and grew to ₹25 crore (US$2.9M) in FY25,” shared Mr. Moiz Gabajiwala, CEO, Zephyr Toymakers Pvt Ltd, who aims for 20% growth in FY26.

Safety First:

  • BIS compliance eliminates common toy hazards: choking risks, sharp edges, and toxic substances.
  • 99% of raw materials are locally sourced, creating a stronger domestic supply chain and lowering environmental impact.

Support for MSMEs:

  • Testing relaxations and training programs help small manufacturers become BIS-compliant without facing excessive costs or delays.

The Big Picture:

With BIS playing a proactive role in quality assurance and compliance, India is not just protecting its children—it’s building a globally competitive, self-reliant toy manufacturing ecosystem. This transformation is a powerful example of how smart regulation and innovation can turn a domestic industry into an export engine.
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India–UAE CEPA Doubles Bilateral Trade in Just Three Years

The India–UAE Comprehensive Economic Partnership Agreement (CEPA), signed on February 18, 2022 and enforced from May 1, 2022, has emerged as a strategic game-changer in India’s global trade policy.
In just three years, bilateral trade between the two nations has doubled, reaffirming the CEPA as one of India’s most impactful free trade agreements to date — and a blueprint for future economic partnerships in the Middle East and beyond.

Why It Matters for Trade & Logistics:

  • Bilateral non-oil trade has surged, putting India on track to hit the USD 100 billion target well ahead of schedule.
  • Tariff and non-tariff barriers have been substantially reduced, simplifying customs clearance and expediting cargo movement.
  • Easier market access for Indian exporters, especially in sectors like textiles, gems & jewellery, engineering goods, and food products.
  • UAE serves as a strategic gateway for Indian businesses to enter Gulf Cooperation Council (GCC), African, and European markets.
  • UAE investments are flowing into Indian infrastructure, logistics, fintech, and renewable energy — powering India’s domestic growth engine.
  • Job creation opportunities in logistics, warehousing, and shipping are expected to rise on both sides as trade volume increases.
  • Enhanced cooperation in services includes cross-border fintech, education, health, and e-commerce.

Strategic Takeaway:

The CEPA is more than a trade agreement — it’s a catalyst for regional integration, global supply chain diversification, and economic diplomacy. For logistics professionals, it opens up new corridors of opportunity and efficiency, particularly in cross-border freight, port partnerships, and trade facilitation tech.
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India’s Palm Oil Imports Surge 87% in May — Biggest Jump in Six Months!

India’s demand for palm oil roared back to life in May 2025, with imports skyrocketing 87% compared to April, hitting 600,000 metric tons — the highest monthly volume since November 2024.
The reason? Lower inventories at home and palm oil’s newly regained price edge over soy and sunflower oils,prompting Indian refiners to ramp up their buying sharply.
This surge could have ripple effects beyond India — possibly boosting Malaysian palm oil prices and supporting U.S. soy oil futures, say market watchers.

Why the Sudden Spike?

  • Palm oil turned cheaper than soy oil after months of trading at a premium.
  • Part of Odisha’s plan to become a global agri-export hub
  • Competitive pricing brought Indian buyers back to palm oil in a big way.

“Palm oil’s discount changed everything — buyers have switched back fast,” says Rajesh Patel of GGN Research.

Other Edible Oil Movements

  • Soy oil imports climbed 10% month-on-month to 398,000 tons — the highest since January.
  • Sunflower oil imports inched up 2% to 184,000 tons.
Combined, these lifted India’s total edible oil imports by 37% to 1.18 million tons in May — the highest volume since December 2024.

Key Highlights at a Glance

  • Palm Oil Imports: 600,000 tons (+87%) — 6-month high
  • Soy Oil Imports: 398,000 tons (+10%) — 5-month high
  • Sunflower Oil Imports: 184,000 tons (+2%)
  • Total Edible Oil Imports: 1.18 million tons (+37%) — highest since Dec 2024
  • India’s Edible Oil Stocks: Down to 1.35 million tons — lowest since July 2020
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India & Japan Chart New Course in Maritime Collaboration: Focus on Shipyards, Green Ports & Digitisation

In a landmark step to strengthen maritime ties, India and Japan have opened fresh chapters of cooperation spanning shipbuilding, port digitisation, and green port initiatives. The Union Minister of Ports, Shipping & Waterways, Mr. Sarbananda Sonowal, met with Mr. Terada Yoshimichi, Japan’s Vice Minister for International Affairs (MLITT), during the ongoing Oslo meet, aiming to unlock mutual opportunities in the fast-evolving maritime sector.

What’s on the table?

  • Japanese Investment in Indian Shipyards:

India has invited top Japanese shipbuilding giants like Imabari Shipbuilding, JMUC, Kanagawa Dockyard, and Mitsubishi Heavy Industries to explore investments and JVs with Indian yards—including potential greenfield projects such as Imabari’s planned presence in Andhra Pradesh.

  • Port Digitisation & Smart Infrastructure:
Plans include joint efforts in port automation, digitisation, and smart logistics platforms, which will boost efficiency and transparency across the Indo-Japanese maritime corridor.
  • Green Port & Clean Energy Hubs:
Both nations are exploring co-development of clean energy maritime clusters, including sustainable port infrastructure and disaster-resilient technologies to transform the Andaman & Nicobar and Lakshadweep Islands into Smart Islands.
  • Seafarer Training & Human Resource Upskilling:
Japan expressed keen interest in training and employing Indian seafarers, while India emphasised the importance of bilateral cooperation in maritime education and R&D.
  • Research & Development Collaboration:
The meeting also focused on setting up an MoU framework involving Cochin Shipyard Limited (CSL), Indian universities, and public agencies to develop next-generation ship designs and sustainable marine technologies.

Why it matters:

“Japan’s global expertise in shipbuilding and repair, coupled with India’s fast-growing maritime sector, presents a win-win scenario for both nations. This collaboration will not only drive investments but also make our port infrastructure greener, smarter, and future-ready,” said Mr. Sonowal.

Meanwhile, Mr. Yoshimichi reaffirmed Japan’s interest in expanding its long-standing railway cooperation with India into the maritime space—laying the groundwork for a broader Indo-Japanese economic partnership.

Quick Highlights:

  • Japanese shipyard investments eyed for Andhra Pradesh & beyond
  • Smart Port Digitisation collaboration underway
  • Plans for Green Port & clean energy industrial hubs
  • Mutual interest in seafarer training, R&D, and next-gen ship design
  • Possibility of Cochin Shipyard-led innovation partnerships
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India-UK FTA to Boost Gem & Jewellery Exports from $400 Mn to $1 Bn: GJEPC

India’s gem and jewellery sector is set for a major boost as the India-UK Free Trade Agreement (FTA) nears finalization. The deal aims to scrap 99% of tariffs on Indian goods, unlocking new growth potential in one of India’s key export markets.

According to the Gem and Jewellery Export Promotion Council (GJEPC), exports to the UK are expected to grow from $400 million to $1 billion, with total exports likely to reach $2.5 billion within two years post-FTA.

Why This Matters:

  • Tariff barriers removed: 99% of duties on Indian jewellery exports to be eliminated.
  • Gold & Diamond jewellery will lead the surge — UK market demand remains strong in these categories.
  • Silver jewellery & coloured gemstones emerge as new growth segments for exporters.
  • Big win for emerging brands and start-ups — offering a gateway into the UK market.
  • Exporters are intensifying market research and product alignment to match UK consumer tastes.

Challenges to Watch:

  • Stringent UK hallmarking and documentation standards remain a barrier for first-time exporters.
  • New and small players will need advisory support, certifications, and distribution partnerships to compete effectively.
  • Without strong industry backing, regulatory complexity may slow adoption for fresh market entrants.

Quick Snapshot:

Metric

Current

Post-FTA Target

India’s Jewellery Exports to UK

$400 Mn

$1 Bn

Total Gem & Jewellery Exports

–

$2.5 Bn (2 years)

Industry Takeaway:

A golden opportunity — but only for those prepared to meet the UK’s high standards. Indian exporters must blend creativity with compliance to unlock this market’s full potential.

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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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