Oil-producing nations remain tied to their reserves, while India's sophisticated refineries can switch suppliers, process varied crude grades and serve multiple markets.
The government stated that the decision to export wheat was taken after assessing the availability and price scenario, to ensure the protection of farmers’ interests.
Beyond its business value, the transaction has broader strategic implications. It portrays Mahindra as a reliable mobility partner in Indonesia's national development goal while also emphasising India's expanding role as a provider of scalable, made-in-India mobility solutions.
Several Indian sectors that earlier depended heavily on the American market are now quickly redirecting their products to other regions. Items like shrimps, gems and jewellery, auto components, and electrical machinery have found many buyers in Asian and European countries.
Union Minister Ashwini Vaishnaw on Sunday said India has become the top supplier of smartphones to the United States, with electronics manufacturing now worth Rs 12 lakh crore
Indian government on Wednesday revoked the transshipment facility given to Bangladesh. Now Bangladeshi exporters will have to use longer routes, which will add significant delays and cost to the shipments