Welcoming the signing of the pact, Dr. Vijay Kalantri, President, All India Association of Industries (AIAI) and Chairman, World Trade Centre Mumbai, stated, “The India-Oman CEPA is a landmark milestone that will serve as a force multiplier for India’s manufacturing and services sectors. By securing zero-duty access for over 99% of Indian exports, the government has provided a substantial competitive edge to our MSMEs and exporters in textiles, gems & jewellery, engineering, and pharmaceuticals. Oman is not just a key trading partner but a strategic gateway for Indian businesses to access the wider markets of the GCC, Africa, and the Middle East.”

“This agreement goes beyond trade in goods; it commits to the liberalization of service sectors and the facilitation of professional mobility, allowing Indian talent to contribute significantly to Oman’s development. We foresee bilateral trade surpassing its current trajectory to reach new heights in the coming years,” Dr. Kalantri added.

The agreement eliminates duties on 98.08% of Oman’s tariff lines and gives 100% commitment on FDI for Indian companies in major service sectors. This will bring immediate relief and competitiveness to Labour-Intensive Sectors, Manufacturing, Engineering, Services & Investment. It is also notable that this is Oman’s first bilateral agreement since 2006 and India’s second FTA in the last 6 months, showcasing our increasing willingness to integrate into global markets.

The post How the India-Oman CEPA Will Transform MSMEs and Services Exports appeared first on NRI News.

PUNE: India’s No. 1 tractor export brand Sonalika Tractors has strengthened its global supremacy as the company’s Bangladesh distributor, ACI Motors Ltd, has entered the Guinness World Records for achieving the largest-ever tractor deliveries in a single day. This extraordinary feat of 350 tractor deliveries was recorded in just 4 hours during a grand ceremony recently at Dinajpur, Bangladesh, which was organised under the theme “Sonalikar Bisshojoy”, marking a celebration of progress, productivity, and partnership.

Sharing his thoughts on this achievement, Dr. Deepak Mittal, Managing Director, International Tractors Limited, said, “Sonalika’s legacy is powered by a strong belief that India’s excellence can inspire the world, and therefore every Sonalika tractor embodies India’s frugal engineering expertise and the unstoppable spirit of the brand that powers millions of dreams globally. This new Guinness World Record achieved by our Bangladesh distributor, ACI Motors, is our tribute to every farmer and every partner who has believed in our journey. Every member of the Sonalika family is filled with pride today, as we reaffirm our mission to empower farmers across the world.”

Speaking on the occasion, Gaurav Saxena, Director and CEO – International Business, International Tractors Limited, said, “The new Guinness World Record of the largest ever delivery in an event achieved by our distributor ACI Motors Ltd. in Bangladesh reflects how trust, customer centricity, and purpose come together to create impact. For Sonalika, transformation means uplifting every farmer, every partner, and every community we serve with Indian innovation. Our journey from Indian soil to the world stage is powered by our values and the promise to continue transforming agriculture with innovation that respects every farmer.”

Over the past 18 years of partnership with ACI Motors Ltd, Sonalika Tractors has consistently strengthened its leadership position in Bangladesh through its heavy-duty tractors. The company has strongly held the No. 1 tractor brand position in Bangladesh for more than 5 years now and commands more than 50% market share in the country’s tractor segment. Sonalika exports its heavy-duty tractors in the range of 30-75 HP to Bangladesh, which are customised as per the country’s farmers’ crop and soil needs. Every Sonalika tractor is made at the World’s largest integrated tractor manufacturing plant of the company at Hoshiarpur, Punjab, which rolls out a new heavy-duty tractor in 2 minutes with the highest quality standards. Sonalika continues to set benchmarks that inspire confidence, transform possibilities, and position India’s excellence on the global map of innovation.

The post Sonalika Achieves Guinness World Record: Largest Single-Day Delivery of 350 Tractors in Bangladesh appeared first on NRI News.

PUNE: Cooper Corporation, a globally renowned manufacturer of engines, engine components, and generators, proudly announced the dispatch of its first bulk shipment of gas-powered gensets to the United States. This milestone marks the beginning of Cooper’s full-scale export, the first of many to the USA, with the company set to export gensets ranging from 5 kVA to 500 kVA, each approved by the US Environmental Protection Agency (EPA).

The flagship 10 kVA and 25 kVA gas genset from Cooper Corporation are the only EPA-compliant engine of its kind in India, showcasing the company’s engineering excellence and commitment to environmental compliance. The gensets, particularly the 25 kVA variant, have received encouraging responses from the American market.

Alongside the US, Cooper is also exporting its V-Twin LPG 10 kVA gensets to Japan, in collaboration with its Japanese partner, Sinfonia. This international expansion signifies Cooper’s growing footprint in the global power solutions industry.

Sharing his thoughts on this proud occasion, Farrokh N. Cooper, Chairman and Managing Director of Cooper Corporation Pvt. Ltd., said, “Today marks a historic and proud milestone for Cooper Corporation as we commence large-scale exports of EPA-certified gensets to the United States, a testament to our unwavering commitment to innovation, quality, and compliance with global environmental standards. As pioneers in the industry and the only Indian manufacturer of EPA-compliant 25 kVA gas gensets, we are proud to dispatch our first of many bulk shipments of 22 kW gensets to the U.S., while also expanding our global footprint with exports of V-Twin LPG 10 kVA gensets to Japan in partnership with Sinfonia.

On the domestic front, our engines have reliably served the Indian Defence Forces for over a decade, including during Operation Sindoor, and our recent launch of a 50 HP tractor in February 2025 has been met with an encouraging response. These achievements are driven by the dedication of our team, the trust of our customers and suppliers, and our deep roots in Satara, where our legacy spans over a century. Guided by the vision of our founder, Sir Dhanjishah B. Cooper, we remain committed to delivering world-class, India-made solutions to markets around the globe”.

In recent months, the company has also achieved success in the agricultural segment with the launch of its 50 HP tractor in February 2025, receiving strong interest from domestic markets.

Notably, Cooper engines have been used by the Indian Defence Forces for over a decade. They were instrumental in Operation Sindoor, where the structural rigidity of the engine and their reliable performance under challenging conditions earned praise from the Armed Forces.

Rooted in a century of engineering excellence and dedication to national development, Cooper Corporation proudly honors its heritage. Headquartered in Satara, the company traces its origins to its founder, Sir Dhanjishah B. Cooper, who was the first Chief Minister from Satara, a region that has since produced five Chief Ministers of Maharashtra. This rich legacy continues to inspire Cooper’s mission to drive innovation and contribute meaningfully to India’s progress.

For over three decades, Cooper’s products have made a significant impact in the American market, particularly in the Genset segment. Upholding a legacy of consistent success, Cooper has maintained a tradition of excellence driven by innovation, reliability, and performance.

This extraordinary journey has been steered by the visionary leadership of Farrokh N. Cooper. Under his guidance, the steadfast commitment of Genset material suppliers, officers, workers, and employees has been instrumental in driving sustained growth and earning global recognition.

The post Cooper Corporation Expands Global Reach with First Clean Energy Engine Exports to the USA and Japan appeared first on NRI News.

The DCIP was signed by Dr. Khalid Khalafalla, CEO of ICIEC, and Mr Ahmed Atteya, Head of Financial Institutions at Al Baraka Bank Egypt. This underscores the critical role of tailored risk-mitigation instruments in de-risking and enabling cross-border trade.

The insurance policy provides a comprehensive coverage for Al Baraka Bank’s documentary credit transactions by protecting the bank againt non-payment risk of overseas banks issing letters of credit (LCs). This enables to enlarge its LC confirmation business to support Egyptian exports.

Dr. Khalid Khalafalla, CEO of ICIEC, stated, “We are honored to partner with Al Baraka Bank – Egypt on this Documentary Credit Insurance Policy to de-risk Egyptian exports. This collaboration strengthens economic resilience and supports growth across our member states.”

The post ICIEC and Al Baraka Bank Egypt Collaborate on $50 Million Documentary Credit Insurance Policy to Enhance Export Transactions appeared first on NRI News.

He was talking to a delegation of entrepreneurs from Solapur city in Maharashtra. These entrepreneurs, under the leadership of Subhash Deshmukh, MLA, presented popular local products, including ‘Shenga Chutney’, ‘Kadak Bhakari’, etc, along with high-quality jowar, rice, and pulses. A bag manufacturer also made a presentation of novel packaging solutions. Dr. Datar appreciated the quality of these products and showed his willingness to purchase them through his Adil Group.

He guided the delegation on various aspects of export to Dubai, including the process, essential documents, legal provisions, and rules regarding quality and packing, besides how to take care of marketing and customer care. Dhananjay Datar said, “The export from India to GCC countries, including UAE, is mainly carried out through water transport due to its affordability. Since the journey takes at least 20 days to reach the consignments there, exporters should not consider fast perishable items. Instead, they should opt for products having a shelf life of at least six months or a year. Our Adil Group has earned a reputation for providing pure, hygienic, and authentic food products. Nowadays, health consciousness is on the rise, and customers prefer organic food. Recently, we started selling Khapali, a nutritious variety of wheat under our Peacock brand, and the response was overwhelming. Exporters should keep the packaging of their products secure and tamper-proof. If they provide natural, chemical-free, adulteration-free, and healthy products, they will surely get a considerable profit. The laws and policies of Gulf countries are stringent, and adulteration, cheating, harm to consumers, and the supply of unhygienic products are never tolerated. So, the exporters should adhere to strict discipline before they export.”

Dhananjay Datar further said, “Indian entrepreneurs have huge opportunities for growth, export, and expansion in the global market shortly. The Indian economy is on a fast track, and a lot of major infrastructure development work is underway. One of the notable examples is the upcoming Wadhwan International Port in Maharashtra. In a decade, Mumbai will have 2 international ports and 2 international airports. The rising connectivity between these ports and the rest of the country will surely benefit the exporters, but they have to take advantage of this development well in time. The aspiring entrepreneurs should study the process of Import-export as early as possible. My dream is to guide hundreds of young aspirants to make them successful businessmen.”

The delegation included Amit Jain, Director, Solapur Garments Manufacturers Association; Dr. Rajesh Gurani, CEO, Udyam PAHSUI Foundation; Alpesh Sanklecha, Vijay Patil, Yash Jain, Pradeep Jain, Anand Zaad, and Chandrashekhar Jadhav.

The post Exporting to Dubai with Dhananjay Datar’s Expertise appeared first on NRI News.

HYDERABAD: At the recently held WAVES Summit 2025 at Mumbai, a strategic Memorandum of Understanding (MoU) was signed between the Game Developers Association of India (GDAI) and the Services Export Promotion Council (SEPC- set up by the Ministry of Commerce and Industry, Govt. of India), marking a significant milestone in promoting collaboration, innovation, and growth in India’s rapidly evolving gaming and esports ecosystem.

This strategic partnership is designed to enhance cooperation between the GDAI and SEPC across key industry dimensions, including investment facilitation, international promotion, industry engagement, skill development, and global market access.

As part of the MoU, GDAI and SEPC have committed to promote bilateral investment opportunities, joint ventures, and business delegations to stimulate economic and technological collaboration; build a consortium of companies to amplify India’s gaming and esports export capabilities; foster technological advancement in areas such as AR/VR, gamification, AI, metaverse, animation, and visual effects; drive skill development and training initiatives to strengthen India’s talent pipeline and industry readiness amongst other goals to showcase India’s potential in video gaming, esports, and related emerging technologies.

Speaking about the MoU, Dr. Abhay Kumar Sinha, Director General, SEPC,  “This partnership is a key step towards boosting India’s services exports in the high-growth gaming and esports sector. By aligning with GDAI, we aim to unlock global market opportunities and strengthen India’s position as a leading exporter of creative and digital services.”

Sharing his views on the association with SEPC, Sridhar Muppidi, Chairperson,  GDAI, said, “This MoU is a major step toward positioning India as a global player in the gaming and esports sector. By working together, GDAI and SEPC aim to unlock new economic opportunities and help Indian developers, designers, and entrepreneurs reach new heights.”

Sridhar further added, “This partnership also reflects the government’s growing interest in recognising gaming and esports not just as entertainment avenues but as significant contributors to India’s digital economy and export potential.”

The MoU further encourages cooperation in software development, internet technologies, data analytics, and immersive technologies to empower start-ups, creators, and enterprises.

The post Game Developers Association of India (GDAI) and Services Export Promotion Council (SEPC) Forge Strategic Partnership appeared first on NRI News.

He was speaking as Chief Guest at the Maharashtra Business Enclave 2025, an event organized by Miti Group. This conference took place recently at Welingkar Institute of Management, Matunga, and was attended by entrepreneurs and many renowned personalities from the industry and business sectors of Maharashtra.

Datar said, “India is set to become a $5 trillion economy in the next couple of years and export will hold a lion’s share in achieving this target. The Indian government has started many ambitious schemes to encourage local exporters. The new Foreign Trade Policy was announced two years ago. Infrastructure projects, necessary to Industry-Business-Trade, which began a decade ago, are in the completion stage now. This will boost the local volume, as well as the export of products and services manifold. If the ambitious multinational mega project like the India-Middle East-Europe Economic Corridor (IMEEC) gets completed in the coming decade, there will be a huge rise in Indian exports to Europe, and time and cost will also be saved considerably. In India, revolutionary projects like the Dedicated Freights Corridor (DFC), Samruddhi Mahamarg, and Navi Mumbai International Airport will be operational soon. The recently announced Wadhwan International Port project, after getting completed, will surely make Maharashtra a forerunner in Indian export. The next five to ten years are crucial to trade and export development and hence entrepreneurs should ash the opportunities well in time.”

He further said, “I have witnessed the construction of Jebel Ali Port in Dubai and JNPT port in Navi Mumbai 4 decades ago and also seen the fast development of adjoining areas once these projects started commencing operations. Now the same opportunity will come to us once the Wadhwan port is completed in a decade. This project alone will fetch myriad opportunities for MSME sectors and huge development will take place in Palghar, Mumbai, Thane, and Raigad districts. If entrepreneurs, by taking education in export management, start export-oriented businesses now, they will become established businesses in a decade and will taste profit. Also, there will be several business and employment opportunities in sectors like Logistics, Construction, supply chains, Cold storage, Tourism, Agroproducts, Processing, Packaging, and supporting industries. The positive factors like currency exchange rate benefits, tax refund facilities, government’s encouraging subsidies and aids are best suited to start export-oriented businesses. Management education institutes and various Chambers of Commerce should guide and encourage the youth for the same.”

In an interview conducted by Uttara Mone of Miti Group, Dr. Datar elaborated on his entrepreneurial journey and the challenges in it, his study of foreign markets, and the changes he adopted in his business based on his experiences. He guided the audience about overcoming challenges in doing business in foreign markets and learning the laws, taxes, and policies of other countries. The conference also saw several seminars on important subjects like opportunities in global markets, leadership and organizational skills, digital businesses and marketing, financial management, and sustainability in business.

The post Dhananjay Datar on How Indian Entrepreneurs Can Thrive in the Export Sector appeared first on NRI News.

This pivotal event will bring together leading experts and practitioners in credit information and business intelligence to explore the role of information sharing and business intelligence in supporting trade and investment decisions across OIC member states.

The event will focus on OBIC’s vision and the importance of information sharing for trade and investment, while the Technical Sessions will address digital transformation and business intelligence trends and outlook, emphasizing topics such as the digitalization of SMEs and Investment Promotion Agencies (IPAs) services, with the examples of some platforms like the AMAN Union Database Centre. Additionally, discussions will cover the use of statistical resources for credit, trade, and investment data, along with investment outlooks in OIC countries and data collection and analysis.

Dr. Khalid Khalafalla, CEO of ICIEC, stated, “The OBIC initiative is a transformative step in strengthening the business intelligence landscape across the OIC region. It fosters enhanced information sharing and builds the capacity of member states, laying the foundation for more informed trade and investment decisions. The Jakarta event represents a significant milestone in realizing our vision to create a sustainable, data-driven ecosystem that supports the growth and development of OIC member states.”

The post ICIEC’s Upcoming OBIC Capacity Building Program in Jakarta appeared first on NRI News.

BENGALURU: In a landmark moment for India’s electric vehicle industry, Ultraviolette Automotive today flagged off the first batch of its Made-in-India F77 MACH 2 high-performance electric motorcycles to the European Union (EU) markets, marking a significant milestone in its global expansion plans. 

The ceremony was led by Hon’ble Shri. H.D. Kumaraswamy, Union Minister of Heavy Industries, Government of India, and Hon’ble Shri M.B. Patil, Minister of Industries and Commerce, Government of Karnataka, and took place at Ultraviolette’s advanced manufacturing facility in Bengaluru.

Expressing his admiration for Ultraviolette’s achievements, Union Minister Shri H.D. Kumaraswamy stated, “The expansion of Ultraviolette into the European market represents a defining moment for India’s automotive industry, demonstrating our nation’s ability to compete on the global stage. This is a prime example of how Indian startups are driving innovation in critical sectors like electric mobility. This export initiative aligns perfectly with our government’s vision of making India a global EV manufacturing hub.”

Shri M.B. Patil highlighted Karnataka’s role in fostering growth, saying “Bengaluru is at the forefront of India’s electric vehicle revolution, and Ultraviolette is the Tesla of India. Their success is a testament to our vibrant ecosystem for innovation and this export marks a new chapter in our state’s journey toward sustainable development and technological leadership.”

Ultraviolette is setting its sights on becoming a prominent player in the global electric vehicle industry, creating a strong foundation for future success in international markets.

Narayan Subramaniam, Co-founder and CEO of Ultraviolette shared his excitement about the company’s global expansion. “Today, we are witnessing Indian innovation taking the global stage. We are proud to take this revolutionary product to Europe. The F77 MACH 2 is not just a motorcycle; it’s a statement of India’s relentless pursuit of engineering excellence and sustainable mobility solutions.”

Emphasizing the strategic importance of this move, Niraj Rajmohan, Co-founder and CTO of Ultraviolette, said: “Our entry into Europe signals our commitment to delivering world-class electric vehicles designed in India for global markets. Europe is a key market for electric mobility, and we believe the F77 MACH 2 will redefine the perception of Indian electric vehicles in this region. This is just the beginning of a larger journey as we continue to push the boundaries of EV innovation.”

Leveraging its advanced technology and manufacturing capabilities, Ultraviolette aims to revolutionize the electric vehicle landscape in Europe and beyond, delivering high-quality products that meet global standards.

The post Ultraviolette’s F77 MACH 2 Launches in Europe with Union Minister H.D. Kumaraswamy appeared first on NRI News.

Building on the success of Payoneer Elevate, this event (Payoneer’s Pune Connect) is another initiative by Payoneer in India, marking a significant step towards empowering the city’s entrepreneurial community. Attendees discussed strategies for global expansion, the importance of international partnerships, overcoming cross-border payment challenges, and efficiency across borders for global teams.

Gaurav Shisodia, Vice President – India at Payoneer, commented, “SMBs have a tremendous opportunity to drive growth by tapping into global demand. At Payoneer, we have witnessed and catalyzed significant growth for service export businesses: from 2016 to December 31, 2023, growth surged by 54%, with volume and revenue achieving impressive compound annual growth rates (CAGRs) of 85% and 88%, respectively.

Pune is one of our priority markets in India, ranking among the top 10 cities driving the most growth for us. We are committed to providing a platform for the city’s business ecosystem through Payoneer Connect. This initiative supports businesses by facilitating learning, networking, and access to domain experts, helping them accelerate their international growth opportunities,”.

Key panels at Payoneer VIP Connect Pune included:

• “Seizing Global Growth Opportunities” – Pune-based business leaders Mohan Jambhulkar (CEO, Target AEC Global) and Pranshu Tople (Co-Founder, RigBetel Labs) explored global market opportunities, addressing the biggest challenges Micro, Small and Medium Enterprises (MSMEs) face in international expansion and strategies for maintaining competitiveness. As entrepreneurs managing global businesses, the speakers provided practical tips on multi-entity operations, overcoming cross-border payment challenges, and how to achieve global success.
• “Addressing Data Privacy & Cybersecurity Hurdles in Global Markets” – Shivangi Nadkarni (Co-founder & CEO of Arrka) delved into the critical obstacles and technology challenges businesses commonly encounter. She provided an in-depth analysis of the current landscape of data privacy and cybersecurity, highlighting the essential strategies businesses should adopt to safeguard their operations in an increasingly interconnected world.

The post Payoneer’s Pune Connect: Pune as India’s Service Exports Hub appeared first on NRI News.