India Economy Thread
- Thread starter indushek
- Start date
Beijingwalker
VIP Member
India considers easing certain Chinese import curbs amid growing reliance, say sources
By Manoj KumarOctober 17, 20255:00 PM GMT+8
Summary
- Commerce ministry, NITI Aayog back cheaper raw materials imports
- Rules eased on some Chinese imports to boost manufacturing
- Policy review follows after U.S. tariff hikes in August
- Imports from China hit $91 bln, widening trade gap
They are seeking measures including allowing anti-dumping duties to lapse on certain products, while considering tariff cuts on raw materials used in sectors such as leather and engineering goods where domestic capacity remains limited, the sources said.
New Delhi is caught between balancing trade relations with Washington - which has imposed punitive tariffs on imports from India - and Beijing, which until earlier this year had slowed supplies of key goods, including fertiliser, to India.
REBUILDING TIES AFTER 2020 BORDER CLASH
In August, India and China agreed to boost business links as the neighbours rebuild ties damaged by a 2020 border clash."A consensus is emerging within the government and the industry that, while negotiating a deal with Washington, India needs to fine-tune its trade policy, including trade relations with China," one of the government officials said.
Both the commerce ministry and the NITI Aayog - a government policy think-tank - have backed industry calls to cut import tariffs on raw materials at inter-ministerial meetings, a second official said, noting countries such as Vietnam import Chinese raw materials at zero duty, putting Indian manufacturers at a disadvantage.
However, the final decision on duty cuts rests with the finance ministry, the official said, noting cheaper Chinese raw materials have boosted exports of Apple's (AAPL.O), opens new tab smartphones, pharmaceuticals, chemicals and engineering goods.
The sources spoke on condition of anonymity as details are not public. India's commerce ministry didn't immediately respond to an email seeking comment.
RISING CHINESE IMPORTS
Responding to industry demands, the commerce ministry last month extended advance authorisations for quality-controlled inputs from 180 days to 18 months - easing critical Chinese raw material imports.India's imports, opens new tab from China rose more than 16% to more than $11 billion in September, with imports touching $91 billion in the first nine months of 2025, up from about $80 billion a year ago.
Exports rose modestly to about $15 billion, widening the trade gap in Beijing's favour, commerce ministry data showed.
The government would also not renew anti-dumping duties on items such as axle beams, steering components and high-tenacity polyester yarn, another government source said.
However, India's trade remedies authority has launched new anti-dumping probes on imports such as cranes, toner cartridges and solar cells from China after local complaints.
"This is not about abandoning self-reliance policy,” the official said. “It’s about recognising that growth needs global inputs — and China remains too central to ignore.”
GROWING DEPENDENCE ON CHINA
India's reliance on critical Chinese supplies has deepened in a number of categories.
Imports now account for 91% of embroidery machines, 92% of saw blades, 72% of inverters and half of UPS systems, said Ajay Srivastava, founder of Global Trade Research Initiative, a Delhi-based think-tank.
Nearly 90% of antibiotics, silicon wafers, flat-panel displays, and 80% of laptops are also imported from China, according to Global Trade Research Initiative.
The trade deficit hit nearly $94 billion in 2024 and could widen to $120-$130 billion in two to three years, driven by rising imports of electronics components, chemical and industrial inputs, the second government source said.
New Delhi was also considering easing Chinese investment curbs case-by-case, where national security risk was minimal, said the official, a senior government adviser, referring to a foreign investment policy that tightened rules for nations sharing land borders with India, mainly China.
SoulSpokesman
Trusted Member
@hydrabadi_arab @Meengla @Dalit @Master Chief
Your brotherly Islamic country making a large investment in IND
The Board of Directors of Emirates NBD Bank (P.J.S.C.) and RBL Bank Limited at their respective meetings held today, approved entering into definitive agreements for ENBD to acquire controlling stake in RBL Bank through a primary infusion of approximately $3 billion (~ Rs 26,850 crore).
On October 13, Moneycontrol was the first to break the story that Emirates NBD had entered advanced negotiations to acquire a majority stake in RBL Bank in a mega proposed transaction which would trigger an open offer. The report mentioned that the preferential route was likely to be used for the deal which would be subject to RBI approval.
Later on October 15, Moneycontrol also reported that RBL Bank was set to become the largest subsidiary of Emirates NBD outside Dubai and was nearing a $3 billion deal.
The proposed transaction underscores ENBD’s long-term commitment to the Indian market and is a landmark transaction for the Indian financial services sector on account of:
• Largest ever foreign direct investment in the Indian financial services sector
• Largest ever equity fund raise in the Indian banking sector
• Largest fund raise via preferential issuance by a listed company in India
• First acquisition of majority interest in a profitable Indian bank by a foreign bank
The proposed investment will be made via a preferential issue of up to 60% and will be subject to regulatory approvals and other customary closing conditions. As part of this transaction, ENBD will also make a mandatory open offer for the purchase of up to 26% stake from the public shareholders of RBL Bank, in accordance with SEBI’s Takeover Regulations.
The Board of Directors of ENBD and RBL Bank also approved the amalgamation of the India branches of ENBD with and into RBL Bank as required by RBI guidelines. This amalgamation is expected to be completed after the execution of the preferential issuance into RBL Bank.
This investment reflects ENBD’s confidence in India’s fast-growing financial sector, reinforcing India’s strategic importance within the India-Middle East-Europe Economic Corridor (IMEC) and marking an important chapter in the economic partnership between India and the UAE.
The transaction brings together ENBD’s strong capital base and regional franchise with RBL Bank’s established presence and extensive distribution across India. The infusion will significantly strengthen RBL Bank’s balance sheet, enhance its Tier-1 capital ratio, and provide long-term growth capital, further enabling the Bank to deepen its deposit franchise and expand its footprint through calibrated branch network expansion.
Shayne Nelson, Group CEO of Emirates NBD said, "Our investment in RBL Bank is a testament to our confidence in India’s vibrant and expanding economy. This strategic alignment brings together RBL Bank’s growing domestic franchise with Emirates NBD’s regional reach and financial expertise, creating a unique platform for growth and innovation. An enhanced presence in India for ENBD, through a well-established business like RBL Bank, would further complement ENBD’s service to customers operating throughout the MENATSA region. We envisage to support Indian businesses, trade, projects, and other opportunities throughout the region leveraging our network.”
RBL Bank c hairman, Chandan Sinha said, "This partnership marks a defining moment in RBL Bank's journey of transformation. The entry of Emirates NBD as our strategic shareholder reflects the global confidence in India's banking sector and RBL Bank’s potential within it. Together, we are poised to strengthen our capabilities, deepen our customer franchise, and build a future-ready institution anchored in trust, governance, and growth."
RBL Bank will be able to capitalise on ENBD’s strong credit rating and its established relationships with companies, banks, and financial institutions across India. Conversely, ENBD would gain from the enhanced market presence afforded by RBL Bank’s extensive pan-India network and its expanding business franchise.
R Subramaniakumar, Managing Director & CEO of RBL Bank said, “Welcoming ENBD as our new strategic partner is a significant milestone for the Bank. This partnership secures a robust and globally respected anchor shareholder, providing a strong capital base for our future. We are excited about the synergies this alliance will create and are confident that our combined strengths will deliver superior value to all the stakeholders of the Bank.
Ernst & Young LLP (EY) - Investment Banking, JP Morgan and NeoStrat Advisors advised Emirates NBD. Shardul Amarchand Mangaldas & Co acted as Legal advisor for ENBD and AZB & Partners were the Legal advisor for RBL Bank.
Regards
Your brotherly Islamic country making a large investment in IND
The Board of Directors of Emirates NBD Bank (P.J.S.C.) and RBL Bank Limited at their respective meetings held today, approved entering into definitive agreements for ENBD to acquire controlling stake in RBL Bank through a primary infusion of approximately $3 billion (~ Rs 26,850 crore).
On October 13, Moneycontrol was the first to break the story that Emirates NBD had entered advanced negotiations to acquire a majority stake in RBL Bank in a mega proposed transaction which would trigger an open offer. The report mentioned that the preferential route was likely to be used for the deal which would be subject to RBI approval.
Later on October 15, Moneycontrol also reported that RBL Bank was set to become the largest subsidiary of Emirates NBD outside Dubai and was nearing a $3 billion deal.
The proposed transaction underscores ENBD’s long-term commitment to the Indian market and is a landmark transaction for the Indian financial services sector on account of:
• Largest ever foreign direct investment in the Indian financial services sector
• Largest ever equity fund raise in the Indian banking sector
• Largest fund raise via preferential issuance by a listed company in India
• First acquisition of majority interest in a profitable Indian bank by a foreign bank
The proposed investment will be made via a preferential issue of up to 60% and will be subject to regulatory approvals and other customary closing conditions. As part of this transaction, ENBD will also make a mandatory open offer for the purchase of up to 26% stake from the public shareholders of RBL Bank, in accordance with SEBI’s Takeover Regulations.
The Board of Directors of ENBD and RBL Bank also approved the amalgamation of the India branches of ENBD with and into RBL Bank as required by RBI guidelines. This amalgamation is expected to be completed after the execution of the preferential issuance into RBL Bank.
This investment reflects ENBD’s confidence in India’s fast-growing financial sector, reinforcing India’s strategic importance within the India-Middle East-Europe Economic Corridor (IMEC) and marking an important chapter in the economic partnership between India and the UAE.
The transaction brings together ENBD’s strong capital base and regional franchise with RBL Bank’s established presence and extensive distribution across India. The infusion will significantly strengthen RBL Bank’s balance sheet, enhance its Tier-1 capital ratio, and provide long-term growth capital, further enabling the Bank to deepen its deposit franchise and expand its footprint through calibrated branch network expansion.
Shayne Nelson, Group CEO of Emirates NBD said, "Our investment in RBL Bank is a testament to our confidence in India’s vibrant and expanding economy. This strategic alignment brings together RBL Bank’s growing domestic franchise with Emirates NBD’s regional reach and financial expertise, creating a unique platform for growth and innovation. An enhanced presence in India for ENBD, through a well-established business like RBL Bank, would further complement ENBD’s service to customers operating throughout the MENATSA region. We envisage to support Indian businesses, trade, projects, and other opportunities throughout the region leveraging our network.”
RBL Bank c hairman, Chandan Sinha said, "This partnership marks a defining moment in RBL Bank's journey of transformation. The entry of Emirates NBD as our strategic shareholder reflects the global confidence in India's banking sector and RBL Bank’s potential within it. Together, we are poised to strengthen our capabilities, deepen our customer franchise, and build a future-ready institution anchored in trust, governance, and growth."
RBL Bank will be able to capitalise on ENBD’s strong credit rating and its established relationships with companies, banks, and financial institutions across India. Conversely, ENBD would gain from the enhanced market presence afforded by RBL Bank’s extensive pan-India network and its expanding business franchise.
R Subramaniakumar, Managing Director & CEO of RBL Bank said, “Welcoming ENBD as our new strategic partner is a significant milestone for the Bank. This partnership secures a robust and globally respected anchor shareholder, providing a strong capital base for our future. We are excited about the synergies this alliance will create and are confident that our combined strengths will deliver superior value to all the stakeholders of the Bank.
Ernst & Young LLP (EY) - Investment Banking, JP Morgan and NeoStrat Advisors advised Emirates NBD. Shardul Amarchand Mangaldas & Co acted as Legal advisor for ENBD and AZB & Partners were the Legal advisor for RBL Bank.
Regards
SoulSpokesman
Trusted Member
Dhanteras, observed on the thirteenth day of the Hindu month of Kartik, marks the start of the five-day Diwali festival and is considered an auspicious occasion for buying gold, silver
Indian consumers splurged an estimated Rs 1 lakh crore during Dhanteras this year, led by strong demand for gold and silver despite steep price hikes, a traders’ body said on Saturday. According to a report by news agency PTI, the Confederation of All India Traders (CAIT) estimated that bullion sales alone contributed around Rs 60,000 crore to the total festive spending, a 25% jump from last year, as buyers thronged jewellery markets even though gold prices surged nearly 60 per cent year-on-year to cross Rs 1.3 lakh per 10 grams.
“The past two days have seen an unprecedented rush in jewellery markets,” said Pankaj Arora, national president of CAIT’s jewellery chapter, the All India Jewellers and Goldsmith Federation. He added that Delhi’s bullion markets alone recorded sales exceeding Rs 10,000 crore.
Dhanteras, observed on the thirteenth day of the Hindu month of Kartik, marks the start of the five-day Diwali festival and is considered an auspicious occasion for buying gold, silver, utensils, and other symbols of prosperity. Despite silver prices climbing around 55 per cent to Rs 1.8 lakh per kilogram from Rs 98,000 last year, CAIT said demand remained buoyant as consumers continued to see precious metals as a safe-haven investment.
Beyond bullion, the festival generated an estimated Rs 15,000 crore in utensils and kitchenware sales, Rs10,000 crore in electronics and electrical goods, and Rs 3,000 crore in decorative and religious items, according to the traders’ body.
CAIT Secretary General Praveen Khandelwal, who is also a member of Parliament, said the festive surge was aided by reductions in GST rates and Prime Minister Narendra Modi’s push for locally-made products. “Consumers are showing a clear preference for Indian products, benefiting small traders, artisans and manufacturers,” Khandelwal said.Traditional markets, local jewellery bazaars and retail shops reported record customer footfall, matching the buzz seen in modern shopping malls across the country, CAIT added.
Regards
Imran Khan
Elite Member
Tourists will stay away even you open 100 bridges
Imran Khan
Elite Member
140mn ka pm.is se bhut ziada ker sakta tha modi jhant nhi ukhar paya
harpy1
Trusted Member
It's economic linking Kashmir to central Indian and big urban centres for trade health education
India is doing infrastructure development all along the himlayers to connect better every corner and all it's people more efficiently
This is vision for 2047 to be right ful after 100 years back to the top economic power on the planet just has when the British first arrived in 1847
harpy1
Trusted Member
Railways to riches: Connecting Kashmir to heart of India — The Kashmir Monitor
Rakshanda Gul
www.thekashmirmonitor.net
Indian Kashmiri want easier access to new Delhi and vice versa but it's the same as I said to all the himlayers India is vast country
harpy1
Trusted Member
45K views · 946 reactions | Segment 7B of the Char Dham Railway Project exemplifies how modern engineering can overcome nature’s toughest challenges. This critical section features one of the longest twin-tube railway tunnels in the project, more tha
Segment 7B of the Char Dham Railway Project exemplifies how modern engineering can overcome nature’s toughest challenges. This critical section features one of the longest twin-tube railway tunnels...
www.facebook.com
It's not just Kashmir it's every Corner of India
Krptonite
INT'L MOD
Kindly stick to the thread topic, namely bridge opening in kashmir
Users who are viewing this thread
Pakistan Defence Latest
-
-
-
AJK govt bans Joint Awami Action Committee, notification issued (25 Viewers)- Latest: Distant_Observer
-
-
Country Watch Latest
-
-
-
TF-X / KAAN / Hürjet Turkish Fighter & Trainer Aircrafts News & Discussions (1 Viewer)- Latest: Eşbah
-
-
FN America Delivers Guns Chambered In 6.5mm LICC For U.S. Military Testing (3 Viewers)- Latest: AZ_HighCountry
Latest Posts
-
-
UK Racism against Muslims and Brown people: Why are blacks in the UK given a free pass by white english racists? (15 Viewers)- Latest: PAKISTANFOREVER
-
-
-