Welcome To FGIT

The Federation of Global Industry & Trade (FGIT) works towards “Empowering Global Industry Together”. We handhold organizations, government, civilized communities for the development global ecosystem through Policy Advocacy Influence, Global Industry Collaboration, Capacity Building and Global Market Access

What We Do

Empower

Empowerment lies at the core of FGIT's ethos, driving our mission to uplift and equip individuals and organizations worldwide.

Innovate

At FGIT, innovation is not just a concept but a driving force shaping the future of global industry.

Network

At FGIT, networking is more than just connecting—it's about building vibrant communities of industry leaders.

Advocacy

FGIT stands as a staunch advocate for industry interests globally, driving positive change through strategic advocacy efforts.

Upcoming FGIT Initiatives

Discover the future with our upcoming FGIT initiatives driving global industry transformation

Aug 2024

Business Delegation to UAE

Oct 2024

Industrial Connect with Surat Diamond Traders

Dec 2024

B2B Delegation tour to Singapore

FGIT Global Updates

Stay informed with the latest global industry insights and developments

CEMENT BUSINESS: CCI approves acquisition

The Competition Commission of India (CCI) has approved acquisition of Kesoram Cement Business from Kesoram Industries Limited by UltraTech Cement Limited.

IN BRIEF, INDIA-PERU TRADE

In the last two decades, the trade between India and Peru has increased from US$ 66 million in 2003 to around US$ 3.68 billion in 2023

GREEN LOAN: BIG BOOST FOR GREEN PROJECTS

The green loan facility benefits from an 80% guarantee by Italian Export Credit Agency, SACE (Italy) under their innovative Push Strategy programme.

Hello ESTEEMED MEMBERS.

We are thrilled to welcome you as members of the FGIT global community.

Hello ESTEEMED MEMBERS.

We are thrilled to welcome you as members of the FGIT global community.

CEMENT BUSINESS: CCI approves acquisition

  • The Competition Commission of India (CCI) has approved acquisition of Kesoram Cement Business from Kesoram Industries Limited by UltraTech Cement Limited.
  • The proposed combination relates to the acquisition of the grey cement business of Kesoram Industries Limited by UltraTech Cement Limited.
  • UltraTech is a public listed company in India and is engaged in the business of the manufacture and sale of grey cement, white cement, ready-mix concrete, clinker, and building products in India. UltraTech is also engaged in the provision of building solutions in India. UltraTech is a subsidiary of Grasim Industries Limited.
  • Kesoram is engaged in the manufacture of grey cement through the Kesoram Cement Business. Kesoram is also engaged in the businesses of rayon, transparent paper, and chemicals in India, which are not part of the proposed combination.
  • Detailed order of the CCI will be issued soon.

IN BRIEF, INDIA-PERU TRADE

  • Peru has emerged as the third-largest trading partner of India in Latin American & Caribbean Region.
  • In the last two decades, the trade between India and Peru has increased from US$ 66 million in 2003 to around US$ 3.68 billion in 2023.
  • The seventh round of negotiations for the India-Peru Trade Agreement took place in New Delhi, India from April 8 to April 11, 2024.
  • The next round is expected in June, 2024 will be preceded by intersessional negotiations over VC to ensure that outstanding issues are resolved before the two parties meet again.
  • Mr. Rajesh Agrawal, Chief Negotiator & Additional Secretary, Department of Commerce, said that holding two rounds of negotiation within two months is itself a testimony to the willingness between both the countries to have a deeper economic cooperation.

GREEN LOAN: BIG BOOST FOR GREEN PROJECTS

  • In a significant step towards sustainable development in India, REC Limited, a Maharatna Central Public Sector Enterprise and leading NBFC under the Ministry of Power, has successfully availed a Green Loan of Japanese Yen (JPY) 60.536 billion to finance eligible green projects in India.
  • The green loan facility benefits from an 80% guarantee by Italian Export Credit Agency, SACE (Italy) under their innovative Push Strategy programme.
  • The arrangement between SACE and REC is a breakthrough and a first-of-its-kind collaboration between an Indian government entity and SACE.
  • The green loan facility sets a benchmark in the Indian public sector landscape, for similar green financing transactions.
  • The facility also marks SACE’s first JPY-denominated loan transaction and first green loan transaction in India.
  • The Green Loan has loan participation from banks across Asia, USA and Europe, namely Crédit Agricole Corporate and Investment Bank, Bank of America, Citibank, KfW IPEX-Bank and Sumitomo Mitsui Banking Corporation as Mandated Lead Arrangers.
  • Crédit Agricole Corporate and Investment Bank would be acting as the Export Credit Agency Coordinator, Green Loan Coordinator, Documentation Bank and Facility Agent.