India has rejected Chinese automaker BYD Co's (002594.SZ) proposal to set up a $1 billion factory in India in partnership with Hyderabad-based Megha Engineering and Infrastructure Ltd, the Economic Times reported on Saturday.

India on Thursday ordered a halt to its largest rice export category in a move that will roughly halve shipments by the world's largest exporter of the grain, triggering fears of further inflation on global food markets.

The Indian government is weighing a ban on the export of many rice types to control inflation, creating a good chance for Vietnam to accelerate outbound sales of rice, said several industry insiders.

Vietnamese Minister of Foreign Affairs Bui Thanh Son had meeting with Indian Minister of External Affairs Subrahmanyam Jaishankaron the occasion of their attendance at the 56th ASEAN Foreign Ministers’ Meeting (AMM-56) in Jakarta, Indonesia on July 12.

India is poised to become the world’s second-largest economy by 2075, leapfrogging not just Japan and Germany, but the U.S., too, says Goldman Sachs.

El Niño has resulted in increasing rice imports from Vietnam, enabling the country to reap US$2.32 billion in the first half.

India and Vietnam reportedly discussed cooperation on judicial matters to strengthen the law and order sector to unprecedented levels in bilateral ties.

On the morning of June 30, the People’s Committee of Kien Giang province held an international conference to promote trade – tourism – investment in India and Kien Giang in 2023. More than 100 entrepreneurs from 11 states of India with fields including: engineering, agriculture, food processing, textiles, chemicals, information technology and tourism involved.