Results for: Imports

India is set to launch a new Production Linked Incentive (PLI) scheme for specialty steel, PLI 2.0, aimed at boosting domestic production and reducing reliance on imports. The scheme, with a budget of ₹4,000 crore, is expected to be approved next month and could be operational by FY26. It aims to address shortcomings in the previous PLI scheme, offering more attractive incentives and tailored support for the steel industry. The move reflects India’s ambition to advance its steel sector and compete with leading steel producers like Japan and South Korea.

The Port of Oakland has experienced a steady rise in container volume, driven by a surge in import activity. The port’s strategic improvements and focus on sustainability position it as a key player in international trade and economic recovery.

New Zealand’s trade surplus returned in March, driven by an increase in exports and a decrease in imports. The NZD/USD exchange rate remained relatively stable after the release of the data.