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    SIDBI organizes a conclave of the Heads of Regional Rural Banks (RRBs) on expanding SIDBI-RRB MSME Co-Lending arrangement
    SC sets aside show cause notice to Tata Steel over input tax credit availed during FY19-23
    HC flags fraudulent use of Aadhaar by infiltrators to get Indian citizenship; calls for action
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    India to be among top 5 Nestle markets in coming years, a major export hub : Global CEO
    Build Credit Awareness with a Free Credit Score Check from Bajaj Finance
    CARD91 Introduces Five-Point Credit Lifecycle Consistency Framework for Credit Line on UPI
    RBI's Proposed Shift from Revolving Credit to Term Loans: SwiffyLabs Lending Platform Already Supports the New Construct
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    Indian Community in Japan Playing Key Role in Strengthening India-Japan Ties: Commerce and Industry Minister Shri Piyush Goyal
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    CCI approves acquisition of 100% share capital of Tao Digital Solutions by Cyient Ltd
    CCI approves acquisition of 100% stake in Kestrel Coal Group Pty Ltd. by Yancoal Australia from certain sellers
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August 26, 2026
Show AI Summary
Alternative dispute resolution enabled settlement of long-pending disputes, alongside reporting on court administration and regulatory compliance concerns.
Legal developments include resolution of long-pending tenancy, commercial and property disputes through a special Lok Adalat mechanism, including a digitally signed international settlement. Other matters concern a challenge to a riot-related murder conviction, allegations of administrative irregularities and selective case listing, fast-track court pendency, cancellation of a recruitment process following suspected examination malpractice, fraudulent identity documents used to claim citizenship, medical-qualification standards, and opposition to uranium exploration and mining.
August 26, 2026
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MSME co-lending supports digital paperless credit delivery through rural banks for underserved rural and semi-urban enterprises.
SIDBI-RRB MSME co-lending arrangement is proposed for expansion to increase credit access for micro, small and medium enterprises in rural and semi-urban areas. The arrangement combines SIDBI's understanding of MSME credit requirements with Regional Rural Banks' local reach. SIDBI's Co-Lending Origination Platform provides an end-to-end digital credit process intended to enable faster, paperless loan processing, in-principle sanction communication, documentation and direct account disbursement without branch visits.
August 26, 2026
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Input tax credit mismatch alone cannot support fraud-based GST demand without an assessing officer's recorded satisfaction of fraud or suppression.
Section 74 GST demand proceedings require the assessing officer's independent satisfaction of fraud, wilful misstatement or suppression of facts. An input tax credit mismatch or alleged short payment alone cannot establish these conditions. Unsupported assertions of suppression for invoking extended limitation are insufficient, and audit objections cannot replace the assessing officer's satisfaction. A show cause-cum-demand notice lacking factual allegations of a deliberate device to evade tax or avail excess input tax credit is vulnerable.
August 26, 2026
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Fraudulent Aadhaar procurement exposes identity-verification gaps and prompts disclosure, expedited investigation, deportation, and statutory review measures.
Fraudulent procurement of Aadhaar and other identity documents by foreign nationals who infiltrate borders may undermine identity verification, immigration control and national security. Coordinated action is required to trace and deport such persons, prevent re-entry, strengthen document verification, and complete investigations without delay. Amendments to the Aadhaar Act are to be considered to assist investigating agencies, while a dedicated procedure is required to address border infiltration and human trafficking. Aadhaar enrolment records are to be supplied to police, followed by timely deportation proceedings.
August 26, 2026
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Foreign investment liberalisation proposals receive industry support, subject to preserving AIF treatment, grandfathering, and prospective application.
Proposed foreign-investment liberalisation, including treatment of stakes below 10 per cent and a greater role for market forces in valuation, is welcomed. Preservation of the existing treatment of Alternative Investment Funds under the IOCC framework is emphasised, together with grandfathering of transactions and funds undertaken under the current regulatory position. Newly introduced requirements should operate prospectively to support a simpler, predictable and investment-friendly foreign-investment framework.
August 26, 2026
Show AI Summary
India market expansion guides Nestle 's volume-led growth, export-hub development and long-term investment without compromising product quality.
Nestle 's India strategy focuses on volume-led growth, wider consumer reach, portfolio development, efficiency improvements and sustained long-term investment. Growth is intended to combine increased household penetration with pricing, premiumisation, affordability and value offerings. India is also intended to develop further as a production and export hub for global markets, supported by manufacturing capacity and expanding overseas supplies. Product quality and consumer interests remain constraints on the pace of expansion.
August 26, 2026
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Credit awareness through regular score and report review supports responsible borrowing, error detection, and informed credit management.
Free online access to the Credit Pulse Report is available through the Bajaj Finance website. Users verify their registered mobile number through OTP authentication, provide identifying particulars including PAN and date of birth, and then view the available credit score. The report may be reviewed and downloaded to examine repayment history, active credit accounts, recent enquiries and other recorded credit information. Periodic review can help identify unfamiliar accounts, inaccurate repayment records, overdue amounts, unupdated information and changes in credit utilisation.
August 26, 2026
Show AI Summary
Credit lifecycle consistency requires facility-specific treatment so UPI-linked credit records, repayments and customer obligations remain aligned.
CARD91's Credit Lifecycle Consistency Framework calls for facility-specific treatment of Credit Line on UPI transactions and continuing credit events. Credit limits, outstanding balances, repayments, refunds, reversals and EMI conversions should be accurately connected to the relevant customer account and applied according to the underlying facility's terms. Bank policy, customer consent, transaction controls and portfolio actions should remain aligned. Customer-facing applications, statements and alerts should consistently reflect available credit, outstanding obligations and repayment schedules, while disputes and manual corrections follow documented, reviewable processes.
August 26, 2026
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Non-revolving credit lines require term-loan structures supporting multiple drawdowns without replenishing sanctioned limits for NBFC lending products.
Proposed restrictions on revolving credit facilities for most NBFCs would generally require credit products to operate as term loans, rather than facilities in which principal repayment automatically restores the available borrowing limit. Compliance may require technology capable of managing multiple drawdowns within an approved sanction, separate repayment schedules, amortisation and servicing workflows, while preventing repaid principal from replenishing the sanctioned limit.
August 26, 2026
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Reciprocal trade tariffs intensify as negotiations confront market access, cultural protections, industrial safeguards, and sovereignty concerns.
US-Canada tariff escalation involves reciprocal import duties following failed negotiations over market access and trade in dairy, alcoholic beverages, automobiles, steel, aluminium and softwood lumber. United States tariff action relies on a rarely used trade-law power permitting duties against countries considered to discriminate against American businesses, without a prior investigation or stated time limit. Negotiations also raised concerns about protection of major industries, cultural protections and Canada's freedom to conclude trade agreements with other countries.
August 26, 2026
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Diaspora engagement supports skilled mobility, investment links, remittances, and citizen welfare while encouraging compliance with local laws.
Indian diaspora engagement in Japan supports bilateral goodwill, business links, investment opportunities and people-to-people ties. Skilled Indian professionals are encouraged to understand local requirements, learn Japanese language and culture, and pursue opportunities in healthcare, trades, engineering, artificial intelligence, accountancy and maritime work. Diaspora members are also encouraged to maintain connections with India, contribute through digital education and knowledge-sharing, and comply with local laws and regulations. Remittances and government support for citizens' welfare, safety and crisis assistance abroad are recognised as important aspects of diaspora engagement.
August 26, 2026
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Semiconductor and AI cooperation advances through industry engagement, investment facilitation, and accelerated economic partnership review.
India-Japan cooperation in semiconductors and artificial intelligence is being strengthened through industry engagement, investment facilitation, technology partnerships and an economic-security-oriented framework. India's semiconductor strategy covers chip design, machinery and materials, fabrication, ATMP/OSAT, research, and talent development, supported by Semicon India initiatives. Bilateral engagement also seeks to address industry concerns, expand manufacturing and innovation partnerships, and accelerate review of the Comprehensive Economic Partnership Agreement to reflect emerging economic opportunities.
August 26, 2026
Show AI Summary
Virtual trader engagement platform strengthens weekly grievance feedback, policy information sharing, and institutional dialogue between government and trading communities.
The Virtual Conference Interaction Meetings provide a weekly, accessible forum for retail traders to engage with the Government, receive information on relevant schemes, policies and reforms, and submit grievances and suggestions. The platform enables recurring concerns to be identified and communicated to concerned Ministries and Departments for consideration and redressal. It seeks to strengthen institutionalised dialogue, feedback, transparency, trust and cooperation between the Government and the trader community.
August 26, 2026
Show AI Summary
Competition clearance for full acquisition permits Cyient to acquire Tao Digital Solutions, a global digital transformation and technology services provider.
Competition Commission of India approved Cyient Limited's acquisition of 100% of Tao Digital Solutions Inc.'s share capital from its existing shareholders. The full share capital acquisition transfers complete ownership of Tao Digital Solutions to Cyient. Tao Digital Solutions provides global digital transformation and technology services, including product engineering, managed services, cybersecurity, payments, digitization and AI, cloud services, and data services, and operates in India through its wholly owned subsidiary, Tao Digital India Private Limited.
August 26, 2026
Show AI Summary
Competition clearance for full coal-sector acquisition addresses limited Indian market links through metallurgical and thermal coal sales.
Competition approval covers Yancoal Australia Limited's acquisition of 100% equity interest and warrants in Kestrel Coal Group Pty Ltd. The target holds an 80% interest in the Kestrel Joint Venture, which operates a Queensland coal mine producing principally metallurgical coal and a smaller volume of thermal coal. Neither the acquirer nor the target has a physical presence in India. Their Indian nexus is limited to coal exports and the joint venture's sales of metallurgical coal into India.
August 25, 2026
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Customs classification of unassembled vehicle imports requires fresh hearing after reserved tax challenge was released without verdict.
The dispute concerns customs classification of imported unassembled vehicle parts. Customs authorities allege that parts imported in separate shipments should have been declared as completely knocked down (CKD) units, attracting the higher duty applicable to CKD imports, rather than as individual components subject to lower duty. The manufacturer contests the resulting customs demand. Proceedings have been released for fresh hearing before the regular indirect-tax writ bench, with status quo maintained for four weeks.
August 25, 2026
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Retaliatory tariffs on imported goods escalate trade measures, targeting key sectors while maintaining support for affected domestic businesses.
Canada has imposed retaliatory tariffs on United States-origin industrial and consumer goods following increased United States tariffs on Canadian goods. Effective 8 September, the measures apply at rates of 15%, 25% and 50% across more than 700 products, including steel, aluminium, appliances, dairy products, seafood, furniture, clothing, pulp and paper, and electronics. Existing countertariffs on automobiles remain in force. The measures seek to protect domestic businesses and reduce imports, supported by assistance for affected workers and businesses amid risks to integrated cross-border supply chains.
August 25, 2026
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Foreign-exchange market intervention and lower crude prices supported rupee appreciation, while USD/INR remained range-bound amid shifting dollar conditions.
Foreign-exchange market conditions supported rupee appreciation against the US dollar, driven by stronger domestic equity markets, a weaker US dollar and lower crude oil prices. The USD/INR pair remained broadly range-bound, with oil-price movements and Reserve Bank intervention identified as key near-term influences. The special USD-INR foreign-exchange swap facility for FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings mobilised substantial foreign-exchange inflows.
August 25, 2026
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Section 301 tariffs may have lower impact where major exports remain outside their scope amid resilient domestic demand.
Economic resilience is attributed to buoyant domestic demand, increased manufacturing and services activity, improving liquidity conditions, credit growth, investment activity and rebounding foreign capital inflows. Recovery in the southwest monsoon improved kharif sowing and reservoir storage, partly mitigating agricultural-sector risks. US Section 301 tariffs are expected to have a comparatively lower effect because major Indian exports to the United States, including smartphones, petroleum products and pharmaceuticals, remain outside their scope. Foreign direct investment improved with higher gross inflows, while outward foreign direct investment continued to decline.
August 25, 2026
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BIS certification exemptions may be structured for high-tech manufacturers to ensure timely equipment imports and support domestic manufacturing operations.
Mandatory Bureau of Indian Standards (BIS) certification requirements for equipment and components used by high-technology manufacturers may be addressed through a proposed exemption framework. Possible exemptions may be structured at the company, industry, product, project or bulk level to support timely availability of imported equipment, goods and services for manufacturing operations. The approach is directed at high-technology industries generally, particularly semiconductor and artificial intelligence sectors, while addressing delays associated with mandatory certification and complex procedures for specialised imported parts and equipment.

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Customs & Trade

Top 10 Trailblazers Empowering the Next Generation

May 14, 2025

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Unveiled by Kiteskraft Productions LLP CHANDIGARH, India, May 14, 2025 /PRNewswire/ -- India's journey toward a brighter future is led by visionary minds who inspire change, drive innovation, and redefine leadership. Presented by Kiteskraft Productions LLP, Top 10 Trailblazers Empowering the Next Generation celebrates outstanding individuals who are transforming industries and igniting progress. These exceptional leaders and changemakers are not only shaping the present but also building a powerful legacy for generations to come through their dedication, innovation, and unwavering pursuit of excellence Er. Sudhir Kumar Sahu: Mastermind Behind Hirakud and Market Wisdom Er. Sudhir Kumar Sahu, Additional Chief Engineer of the Hirakud Dam Circle in Odisha, brings over 30 years of engineering excellence to one of India's most vital hydro-infrastructure projects—the Hirakud Dam, the world's longest earthen dam. A B.Tech in Civil Engineering from CET, OUAT Bhubaneswar, and a Master's in Structural Engineering, he has led with innovation and integrity since joining the Water Resources Department in 1994.

Beyond engineering, Er. Sahu is a prolific author with 22 books covering mythology and stock market education. Titles like The Kernel of Stock Market Investing and Iron Condor & Reverse Iron Condor have reached readers across 13 countries, simplifying complex trading strategies.

A member of 15+ esteemed institutions, he has received the Rashtriya Gaurav Samman, Kalinga Gaurav Samman, and the Global Apex Award. His blend of technical mastery and financial literacy makes him a rare visionary. Through water and wisdom, he continues to inspire future generations of engineers and investors.

Dr. Mohammed Zoheb Hossain : Transforming Education and Society Dr. Mohammed Zoheb Hossain, a dynamic entrepreneur from Kolkata, is known for his ambition and innovative approach to business. With a strong desire to serve society, he has made remarkable contributions to education and social welfare.

As the founder of Kidderpore Child's World School, he transformed a small kindergarten into a thriving institution with over 1,200 students. His entrepreneurial journey began after earning a PGDBA in 2009, when he became the school's full-time secretary and played a key role in its expansion. Additionally, he established Bismillah Enterprise and Pinnacle Suppliers, showcasing his business acumen.

Dr. Hossain emphasizes social responsibility, quality education, and community engagement. His efforts have earned him numerous awards for contributions to education and social service. A dedicated philanthropist, he supports causes like healthcare, literacy, and disaster relief.

Committed to innovation and adaptability, Dr. Hossain ensures his institutions stay ahead in technology and teaching methods. A respected community leader, he continues to empower individuals and drive positive change in society.

Santhosh Kumar Madhavan: A Visionary in Sustainable Wellness Santhosh Kumar Madhavan is the Managing Director of Raws-N-Greens Healthcare Pvt. Ltd., a Coimbatore-based company specializing in organic, herbal, and natural wellness products. With over two decades of expertise in sales, promotions, and rural marketing, he combines business acumen with a passion for sustainable living. Armed with an MBA in Marketing, he has served as a Strategic Business Consultant for renowned organizations like HLL Life Care Ltd., SHELL Foundation, and Enterprise Works/VITA, where he pioneered alternative distribution models to enable cost-effective last-mile delivery.

Under his leadership, Raws-N-Greens has earned global certifications including ORGANIC, ISO 9001, ISO 22000, ISO 14000, C-GMP, and HACCP, reflecting a strong commitment to quality and international standards. His work goes beyond business—he has empowered over 2,000 women entrepreneurs and championed public health initiatives in underserved communities. With a deep-rooted commitment to innovation, sustainability, and community development, he continues to redefine the future of wellness in India and beyond.

Vaibhav Mishra: 100 Plus Academy: Bridging Education and Excellence Founded in 2011 by IIT Kanpur and IIM Lucknow alumni, 100 Plus Academy is a pioneering institution dedicated to enhancing education by focusing on both academic learning and competitive exam readiness. Serving students from Grade 6 to Grade 12, the academy offers comprehensive programs in STEM subjects, mental ability, reasoning, and preparation for exams like IIT-JEE, NEET, and Olympiads.

The academy's approach is personalized and research-driven, ensuring that students develop not only subject knowledge but also critical thinking, creativity, and problem-solving skills. With a team of experienced educators, including IITians and PhDs, the academy tailors learning to each student's unique strengths. Alongside academics, it integrates life skills such as leadership, communication, financial literacy, and mental wellness, fostering well-rounded individuals. Through innovative teaching methods and AI-powered platforms, 100 Plus Academy provides a holistic learning experience. Its consistent success in producing top achievers reflects the institution's commitment to preparing students for both academic success and leadership roles, making it a trusted choice for ambitious families.

Aaditya Sengupta Dhar: The Young Storyteller Who Wants to Change the World Aaditya Sengupta Dhar, a sixteen-year-old from Mumbai, is using storytelling to drive social change. With six published books, including the Amazon bestseller Kaalchakra and The Teen's Guide to Saving the World, Aaditya inspires teens to embrace their cultural heritage and create a positive impact. His past works have addressed urban animal extinction, the potential of underprivileged children, and sustainability, earning him the 2024 Young Achievers Award.

Through his Vedanomics column in BW Businessworld, Aaditya blends ancient Indian wisdom with modern policy solutions. His Spotify podcast, with nearly 200,000 streams, features CXOs discussing compassionate leadership through values like dharma and ahimsa.

Aaditya's HistoByte contest, India's first historical fiction competition for teens, sparked creativity in youth across 23 cities. As a social entrepreneur, he mentors youth from low-income communities to improve communication skills and employability. His Apna Time Aayega anthology, created with Udaan India Foundation, amplifies their voices for social impact.

Sunil Khosla : Sunil Khosla, a dedicated healthcare professional and social worker from Batala, Punjab, has devoted over two decades to serving in the medical and de-addiction fields. With a Diploma in Pharmacy and registration with the Punjab State Pharmacy Council, he began his journey in healthcare in 1995. Over time, his focus shifted toward addiction recovery, where he has become a driving force for change.

In 2020, he founded Disha Neuropsychiatry & De-addiction Clinic, offering structured, compassionate, and personalized recovery programs that integrate medical, therapeutic, and psychological support. Since then, he has been actively working for the eradication of drug abuse in the border belt of Punjab and Jammu & Kashmir, particularly in the R.S. Pura area—just 6 km from the India-Pakistan border.

During the COVID-19 pandemic, Mr. Khosla collaborated with government health authorities to ensure timely treatment and services. He also organized food and medicine drives in endemic-affected areas, conducted blood donation camps, and partnered with the Department of Health and Social Security to treat children with heart conditions. He is currently pursuing his doctoral degree to further enhance his impact.

Dharam Gupta: Royal Rapchee India's First OTT Platform to Secure AED 50 Million Investment Royal Rapchee has made history as India's first OTT platform to secure an AED 50 million investment from Dubai-based investors. Founded by Dharam Gupta, Managing Director of Rapchee Originals Media Pvt. Ltd., the platform champions independent creators and aims to revolutionize the digital entertainment space.

A veteran of Indian television, Dharam Gupta has contributed to popular shows like Saavdhan India, Comedy Circus, and Baalveer, serving as production manager and head of production. In 2017, he launched Water Drop Entertainment & Media Pvt. Ltd., earning recognition for filming Crime Alert episodes internationally—an unprecedented move in Indian crime dramas.

Royal Rapchee offers a diverse platform for web series, short films, music videos, and non-fiction content, focusing on compelling narratives over celebrity appeal. Global outreach is led by Rapchee Marketing Management, based in Dubai and also headed by Gupta. With its creator-first approach and international backing, Royal Rapchee is set to redefine the global OTT landscape.

Ar. Shraboni Gajjar: Designing Spaces with Purpose and Passion Architect Shraboni Gajjar, founder of espacioLINES in Ahmedabad, believes that functionality lies at the heart of great design. Inspired by her father's modest interior design practice, she developed a passion for creating spaces that are both aesthetically refined and purpose-driven. With a strong foundation in thoughtful spatial planning, she launched espacioLINES to craft environments that respond to user needs, context, and collaboration.

Her design approach emphasizes practical elegance—optimizing materials, lighting, and space within budget constraints. Each project becomes a shared emotional journey, shaped by dialogue and intent. Over the years, her style has transitioned from ornate to minimal and meaningful, reflecting growth and clarity.

From fast-paced landscape work in Ayodhya to navigating pandemic-era challenges, Shraboni values hands-on site involvement and adaptability. Outside the studio, she enjoys Zumba, painting, and dreams of building a sanctuary for stray animals. For Shraboni, architecture is more than design—it's a soulful expression that brings joy, resilience, and purpose to life.

Dr. B. Nandha Kumar: Empowering Progress Through Leadership Born on June 25, 1972, in Athigaratty Village, Ooty, Dr. B. Nandha Kumar is a dynamic leader known for professional excellence and social commitment. Inspired by his father, J. Bheeman—a respected headmaster and National Teacher's Awardee—he developed strong values of dedication and integrity early in life.

He holds a B.Sc. in Computer Science from Bharathiar University, a B.Ed. from Annamalai University, an MBA in Marketing and HR from Madras University, and a Ph.D. in Management from Golden State University, USA.

Over three decades, he has excelled across banking, NBFCs, healthcare, and FMCG. Starting at Surya Fire Services, he earned distinction at Muthoot Fincorp Ltd. and HDFC Bank, receiving the HERO HONDA-CD Dawn, Silver Star, Gold Star, and Champions Awards.

In 2022, he became Director of Janaasha Group, leading Janaasha TN Nidhi Ltd. and Janaasha Appliances Pvt. Ltd. His visionary leadership and commitment to financial inclusion have earned him national recognition and multiple honors.

Mr. Manish Kapoor: Driving India's Global Trade Vision Mr. Manish Kapoor is the visionary Founder and CEO of Connecting India, the country's first Factory-to-Buyer (F2B) export platform, empowering Indian manufacturers to connect directly with global buyers. With over 20 years of entrepreneurial experience across Defense, Retail, Hospitality, and International Trade, Mr. Kapoor is known for identifying innovative business solutions.

He began his journey in 2003 with his family business and later took on turnkey projects for brands like Café Coffee Day, Devyani International, Levi's, Puma, and Benetton. In 2015, he launched the restaurant brand Amritsarwala in Amritsar and Hyderabad. By 2017, he ventured into exports, successfully shipping animal by-pass fat to the USA.

Following extensive research in Canada and the USA (2022–2023), he launched Connecting India in 2024 to offer Indian manufacturers global market access, logistics, and export facilitation.

He received the Bharat Business Award 2025 from Ashneer Grover for Excellence in Global Trade and is a core member of BNI JAAGUAR a top-performing WORLD RECORD CHAPTER About Kiteskraft Productions LLP Kiteskraft Productions LLP, established in 2019, is a premier organizer of National and International Conferences and Award ceremonies across sectors like Education, Business, Healthcare, NGOs, and Entertainment. With a mission to recognize excellence, Kiteskraft honors individuals who drive innovation and outcome-based learning. Certified by ISO and MSME, and registered under MCA, it upholds high standards of quality. Recognized by the Scholar's Book of World Records, Kiteskraft fosters industry collaboration through impactful events. With a dedicated team and a vision for excellence, Kiteskraft Productions LLP continues to inspire, empower, and shape a brighter future. Visit www.kiteskraft.com for more.

Photo: Embedded Media (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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