US sanctions targeting Iran’s Chabahar port have thrown India’s key trade corridor with Russia and Central Asia into uncertainty. India is now exploring alternative ways to keep its role alive, even as the International North-South Transport Corridor faces disruption. Analysts expect the corridor to continue, but warn India’s influence could shrink sharply.
India has launched a domestic maritime insurance pool to support its shipping and reduce dependence on foreign insurers. Vedanta Sterlite, Balrampur Sugar, and Hoger Offshore are among the first beneficiaries. The pool is designed to provide financial cover for war perils and cargo risks, strengthening India’s control over maritime trade.
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The commerce ministry has notified revised RoDTEP (export duty remission) schedules to align with the amended customs tariff structure, aiming to make the benefit process simpler for exporters. Alongside the policy update, a Basmati and Organic Training Centre-cum-Demo Farm is being set up in Pilibhit, with land transfer already finalized.
India has signed a free trade agreement with New Zealand, the seventh under Commerce Minister Piyush Goyal. The government expects additional trade pacts in the coming months, including agreements with the European Union and the United States. Talks with the US are progressing, signaling a broad expansion of India’s global trade footprint beyond its existing partners.
India’s seafood exports hit an all-time high of Rs 72,325.82 crore (US$ 8.28 billion) in FY 2025–26, according to provisional MPEDA data. Export volumes also climbed to 19.32 lakh metric tonnes. Frozen shrimp emerged as the key engine behind the jump, contributing the largest share of the export value and driving overall growth.
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