trade diversification
India-Afghanistan Sign $100 Million Pharmaceutical Deal in Major Trade Shift Away From Pakistan
Nov 28, 2025 10:32 am CST
A landmark $100 million pharmaceutical agreement between India's Zydus Lifesciences and Afghanistan's Rofi's International Group signals a significant transformation in regional trade dynamics. Following the Taliban's recent ban on Pakistan trade, this deal represents Afghanistan's strategic pivot toward India for healthcare development and commercial partnerships, with plans for medicine exports and eventual domestic manufacturing in Afghanistan.
India-Russia Trade Expansion: Seeking Approvals for Marine and Pharmaceutical Exports to Reach $100 Billion Goal by 2030
Nov 14, 2025 03:10 am CST
India seeks Russia's expedited approval for marine and pharmaceutical exports as part of strategic efforts to enhance bilateral trade from current $25 billion to $100 billion by 2030. Commerce Secretary Rajesh Agrawal's Moscow visit resulted in a comprehensive trade protocol covering multiple sectors including engineering, chemicals, electronics, and IT services, with both nations committing to explore payment solutions benefiting businesses of all sizes.
Canada Strengthens Ties with India Amid Growing US Trade Tensions: PM Carney's Strategic Pivot
Nov 03, 2025 02:36 am CST
Canadian Prime Minister Mark Carney emphasizes diplomatic progress with India as part of a broader strategy to diversify international partnerships amid escalating trade tensions with the United States. Following US President Trump's termination of trade negotiations with Canada, Carney highlighted ongoing efforts to strengthen relations across the Asia-Pacific region, including renewed diplomatic initiatives with India that aim to rebuild ties affected by previous tensions.
India's Export Diversification: Textiles, Gems, and Marine Products Show Strong Growth in Non-US Markets
Nov 01, 2025 09:42 am CST
India's exports of textiles, gems and jewellery, and marine products have shown remarkable growth across non-US markets in 2025, with significant increases in UAE, Vietnam, Belgium, and Saudi Arabia. This strategic diversification reflects India's expanding global trade footprint and reduced dependence on traditional markets, with marine exports rising 15.6% year-on-year and new opportunities emerging in Asia, Europe, and West Asia.