Ministry of Commerce and Industry

May 16, 2025 4:46 PM

IIFT sets up first overseas campus in Dubai, marking historic step in global expansion

In a major stride towards internationalising Indian higher education, the Indian Institute of Foreign Trade (IIFT) has announced the establishment of its first overseas campus in Dubai, United Arab Emirates. The move marks a significant milestone in IIFT’s 62-year history and underscores India’s growing presence in the global education landscape. The announcement was made by the Ministry of Commerce and Industry on Friday. The new campus has received the necessary approvals from the Ministr...

April 16, 2025 12:14 PM

India’s FY25 exports up 5.5% to $821 billion; March sees 2.65% rise

India’s cumulative exports for the financial year 2024–25 (April–March) rose by 5.5% to $820.93 billion, up from $778.13 billion in the previous year, driven by strong performances in key sectors, according to data released by the Ministry of Commerce and Industry on Wednesday. In March 2025, total exports of goods and services rose 2.65% year-on-year to $73.61 billion. Imports for the month climbed 4.9% to $77.23 billion. Among the major contributors to merchandise export growth were el...

April 16, 2024 3:00 PM

India allows onion export to Sri Lanka, gives additional quota to UAE

India has allowed limited shipments of onions to the United Arab Emirates (UAE) and Sri Lanka, after banning its export in response to rising prices. The Ministry of Commerce and Industry, through the Directorate General of Foreign Trade (DGFT), issued a notification late Monday evening, permitting the export of an additional 10,000 metric tons (MT) of onions to the UAE (above 24,000 tonne already allowed) and 10,000 tonne to Sri Lanka. In December last year, the government banned onion export...