“India will also get no less favourable treatment applied to like goods from third countries with regards any flexibilities granted in the implementation of the carbon border adjustment measures (CBAM),” saidMinister of State for Commerce and Industry Jitin Prasada in a written reply to the Rajya Sabha.
The Annex establishes a Technical Dialogue wherein India and EU will engage on technical exchanges on implementation of carbon border adjustment measuresincluding their product scope and embedded emissions coverage; monitoring,reporting and verification processes, and the possibility to take into account the carbon price effectively paid in the other Party under a carbon emissions reduction scheme.
It will also cover exchanges of information and technical data to facilitate the establishment of default values under CBAM or under other measures relevant for the implementation of carbon border adjustment measures.Exploring the possibility of and conditions for, mutual recognition of accreditation bodies for the accreditation of verifiers, for the purpose of checking compliance with carbon border adjustment measures, are also planned under this dialogue.
EU’s CBAM commenced on January 1, 2026. Though, there are no NABCB Accredited Indian agencies recognized under EU Regulation as on date, there are certain Validation and Verification Bodies in India for EU’s CBAM scheme based on accreditation granted by other Accreditation Bodies, Prasada added.
In a separate reply, he said: “The commitments provided to EU under the FTA have been made taking care of India’s interests in sensitive areas, keeping adequate policy space for future domestic measures, and taking adequate carve-outs with respect to National Security requirements.”
China importsIndia’s imports from China have declined in multiple sectors such as fertilisers, chemicals, iron and steel and man-made yarn in 2024-25, commerce and industry ministry told Parliament.Mobile phone imports have decreased to Rs 3,710 crore in 2024-25 from Rs 48,609 crore in 2014-15On the other hand, the export of mobile phones has increased to above Rs 2,05,017 crore in FY25 from Rs 1,566 crore in FY15.
“In 2024-25, a decline in imports from China was observed across several sectors compared to the previous year. For example, imports fell sharply in fertilisers (61.4%), followed by residual chemicals and allied products (19.7%), iron and steel (10.3%), and man-made yarn (9.5%),” Prasada said.
In a separate reply, he said: “The government of India undertakes appropriate measures, from time to time, toaddress concerns raised by various stakeholders, including in matters relating tonational interest”. Prasada was replying to a question on if the government has taken any steps to ban imports from China in recent years.
New FTA, supply chainIndia is negotiating trade agreements with Australia, Chile, Peru, the Eurasian Economic Union (EAEU), Sri Lanka and reviewing existing agreements with ASEAN and South Korea. New Delhi has signed Terms of References (TOR) for entering into trade agreement negotiations with Israel, Maldives, Philippines and Gulf Cooperation Council (GCC).
“India is actively participating in regional and plurilateral platforms to support diversified and sustainable supply chains, including the Indo-Pacific Economic Framework for Prosperity (IPEF),” Prasada said.
India has assumed a leadership role under the Supply Chain Resilience pillar, which was signed in November 2023 and became effective in February 2024. As Vice-Chair of the IPEF Supply Chain Council, India is working closely with partner countries to map vulnerabilities, identify critical goods and develop cooperative mechanisms to mitigate risks in regional supply chains.
To ensure a coordinated approach, an International Supply Chain Resilience Study Group has been setup with representatives from key ministries and industry associations to map vulnerabilities across critical sectors, propose mitigation strategies and align efforts with India’s international commitments, Prasada told the Rajya Sabha.
New Zealand FTAIn the India New Zealand FTA, India has offered tariff concessions on 70.03% of its tariff lines to New Zealand. The remaining 29.97% of tariff lines have been kept in the exclusion list and India’s exclusion list primarily includes products that are considered sensitive from a domestic perspective. The major exclusions are:Dairy products- milk, cream, whey, yoghurt, cheese.
Vegetable products such as onions, chana, peas, corn, almonds, Sugar and sugar confectionery Animal, vegetable or microbial fats and oils are also excluded.Arms and ammunition, Gems and jewellery, copper and copper articles such as cathodes, cartridges, rods, bars and coils, and aluminum and aluminum articles including ingots, billets, wire bars are also the major exclusions.
The $20 billion investment coming in will help across the Indian businesses and facilita vestment across all states bringing benefit to the people of the count, Prasada added.
Textile parksInfrastructure works worth Rs 2,160.17 crore for providing external infrastructure till these parks gate have been started by the state governments and an expenditure of Rs. 564.72 crore has been incurred so far on the seven PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks, textile ministry told Parliament.
Detailed Project Report proposals worth Rs. 7,145 crore of Madhya Pradesh, Tamil Nadu, Maharashtra and Telangana PM MITRA Parks have been approved. In Madhya Pradesh, 1150 acres of land has been allotted with a proposed investment of Rs 24,175 crore while in Tamil Nadu, applications for 201 acres of land with proposed investment of Rs 2,076 crore have been received so far.
In Maharashtra, applications have been invited for land allotment while in Telangana, Investment of Rs 3,862 crore has been grounded so far with 540 acres land already allotted.