Aiming to enhance export competitiveness, India will reinstate benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) initiative starting June 1. Originally launched in January 2021 and paused in February 2025, this plan reimburses exporters for taxes and levies not covered by other refund programs. It will...
India Streamlines its Nutraceutical Industry
The global nutraceutical market, valued at $400 billion, represents a convergence of food, pharmaceuticals, and biotechnology. Despite India's rich traditional knowledge and natural advantages, it currently holds less than 2% of the global market share, partly due to unclear industry classification within government ministries. To address this untapped potential, India's...