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Payoneer India Cross-Border Excellence Awards 2026 closes with a blueprint for India’s next export leap

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Synopsis: India’s exports hit a record $863.1 billion in FY26, yet the businesses driving that growth rarely share the spotlight. On September 25 in New Delhi, the Payoneer India Cross-Border Excellence Awards 2026, in association with The Economic Times, closed its 2026 cycle with a summit on market access, growth corridors and outbound compliance, and 16 category winners that show what Indian global enterprise looks like today.

NEW DELHI, Oct. 22, 2026 /PRNewswire/ — India’s combined goods and services exports reached an all-time high of $863.1 billion in FY26, according to the Ministry of Commerce and Industry. Services did the heavy lifting: they rose 8.7% to a record $421.3 billion, up from $387.5 billion a year earlier, and now make up 48.8% of the country’s total export basket. Back in FY15, services exports stood at $158.1 billion.

But the road ahead demands even greater resilience, more rigorous execution and stricter regulatory compliance. The Centre’s target is $2 trillion in exports by 2030-31, split evenly at $1 trillion each for goods and services. That means more than doubling today’s record in five years, a point a Commerce Ministry official made in August, when he said the goal calls for structural transformation rather than incremental gains. E-commerce shows the scale of the climb: the government’s target of $200-300 billion in e-commerce exports by FY30 starts from an estimated $4-5 billion in FY23, according to a July 2024 EY-ASSOCHAM report. Ambitions of that scale raise a simple question: who, exactly, is going to deliver them?

That question sat at the heart of the Payoneer India Cross-Border Excellence Awards 2026, presented in association with The Economic Times. On the evening of September 25, in New Delhi, the programme answered it in two ways: first with a summit, then with an awards ceremony.

Before the trophies, the playbook

After a welcome address by Pranbihanga Borpuzari, Senior Editor, Economictimes.com, the evening moved through three conversations, each diving into a different stage of an Indian business’s journey abroad: getting access, finding the route, and building the structure to stay.

Nagesh Devata, Senior Vice President and Head of APAC, at Payoneer, delivered the inaugural address, India’s Next Export Leap: Turning Global Market Access into Growth. Earlier that summer, on July 15, the India-UK Comprehensive Economic and Trade Agreement entered into force, giving zero-duty access on about 99% of tariff lines, covering nearly all of India’s export value to Britain, and opening services commitments across 137 sub-sectors, according to the Ministry of Commerce and Industry. The India-EU free trade agreement, concluded in January, awaits ratification, and Oman’s agreement is in force, while the signed New Zealand agreement is set to expand access.

The panel that followed, India’s New Growth Corridors: Building Pathways to Global Markets, brought together Dr. Abhay Sinha, Director General of the Services Export Promotion Council (SEPC), Commodore Bunty Sethi, IN (Retd.), Director, Aerospace & Defence, UK India Business Council, and Dr. Sridevi Arunachalam, Founder, Indo – UAE Economic Chamber of Commerce, with Borpuzari moderating. Between them sat two of the most consequential corridors for Indian exporters today: services, now close to half of the country’s export earnings, and advanced manufacturing tied into global supply chains.

The third conversation entered the regulatory landscape. The fireside chat, Going Global: Navigating ODI Regulations & Compliance for Indian Businesses, featured MS Mani, Partner at Deloitte, and Pashupati Nath, Partner at Khaitan & Co, in discussion with Gaurav Shisodia, Vice President & Country Manager, Payoneer India. For a growing business, the step from exporting to a market to setting up an entity in it is where ambition meets paperwork, and where the rules on overseas direct investment decide how smoothly that step is taken.

The awards were presented in two acts, from 7:00 PM and again from 8:00 PM, with the compliance conversation placed squarely between them. Recognition and know-how were shared on one stage, and the dinner and networking that closed the night gave both room to carry on.

The problem: A growth story without its protagonists

The summit’s agenda mirrored the problem the programme was built to solve. India’s recognition landscape is crowded with startup and entrepreneurship honours, but very few platforms focus specifically on businesses that have built and scaled international revenue. Businesses earning international revenue have not always received recognition proportionate to their contribution.

That invisibility carries a real cost. A mid-sized exporter pitching a distributor in Dubai or a procurement team in Frankfurt has little independent, third-party validation to point to. Many businesses serving global customers also defy tidy labels, whether a bookkeeping firm running offshore finance teams, a regional OTT platform selling to the diaspora, or a steelmaker supplying renewable-energy projects abroad. Lumped into generic categories, they are either misjudged or missed altogether.

The programme’s mission spoke directly to that problem statement: to set a national benchmark for export excellence, backed by a transparent evaluation and an expert jury, so that recognition means something to global partners and not just to peers at home. Its vision was captured in the sentiment of honouring the visionaries building India’s $2-trillion export future.

The culmination of a recognition journey

The recognition carried weight because the programme was designed to look beyond headline growth. Its jury, evaluation framework and categories reflected the different ways Indian businesses build a presence abroad.

A jury that demonstrated credibility: Four jurors brought four vantage points: Dr. Abhay Sinha of SEPC on export policy and promotion; Dr. Abhilasha Gaur, CEO of SSC NASSCOM, on the talent pipeline behind India’s services exports; Dr. Sridevi Arunachalam, Founding Chairman and President of the Indo UAE Economic Chamber of Commerce, on bilateral trade and market access; and Sarita Raichura, Director at Blume Ventures, on what it takes to scale a company.

A transparent, weighted evaluation framework: Nominees were scored on a weighted framework, and the weights tell their own story. Growth and scale carried 40%, measured on revenue trajectory over two to three years, with billed foreign revenue as the yardstick for service exporters. Market reach and diversification carried 30%, a clear signal that dependence on a single overseas market is a risk rather than a strength. Innovation and differentiation (15%), employment and community impact (10%), and digital infrastructure and payments readiness (5%) completed the picture of a business built to last abroad.

Categories that exhibit how India actually exports: Instead of one catch-all trophy, sixteen categories across four tracks gave distinct business models a fair hearing: six for service exports, three for e-commerce product verticals, four independent categories spanning direct-to-consumer (D2C) brands, global employers, women-led export businesses and incorporation partners, and three regional honours covering North India, South India, and West & East India.

The top honours, an ecosystem celebrated

The awards ceremony ensured it represented a diverse cross-section of the new export economy. Technology and services were there in force: SalesCode.ai, an AI-native route-to-market platform for consumer goods companies, says it operates in 25 countries, while Nexdigm reports clients in more than 50. But so were businesses that rarely feature in conversations about India’s global rise. Anuradha Gupta, CEO of Amantya Technologies Pvt Ltd, took home the Women in Export Excellence title. Amantya is a global technology company working across telecom, cloud, AI, and digital engineering. CTA Apparels, the Global Employer winner, employs more than 6,000 people. The SaaS & B2B Solutions honour went to Xoxoday, a B2B SaaS company focused on rewards, incentives, loyalty and recognition. Ziegler Aerospace, which makes structures and seat components for aviation customers abroad, was named Regional Export Leader in the South India category. Careerera LLC received the Edtech award for its online platform focused on career advancement, upskilling and reskilling.

Category

Winner

Runner-up

Service exports

IT & Development

HIC Global Solutions

iTechnolabs

AI & ML

SalesCode.ai

CapitalNumbers Infotech
Limited

Accounting, Bookkeeping &
Micro GCC

Nexdigm

Enterslice

Digital Marketing Services

Speqto Technologies Pvt.
Ltd.

Infinite Locus

EdTech

Careerera LLC

MYCPE ONE Solutions
Private Limited

SaaS & B2B Solutions

Xoxoday

Increff

E-commerce

Fashion & Apparel

IBA Crafts Pvt. Ltd.

Mehta E-Retail India

Home & Kitchen

Eurospa TerryTowels Pvt.
Ltd.

Artociti Canvas Pvt. Ltd.

Personal Care, Health &
Wellness

Behal International

Isak Fragrances

Independent categories

Company Incorporation
Partner

USAIndiaCFO

10x Global

Women in Export
Excellence

Amantya Technologies Pvt.
Ltd. (Anuradha Gupta,
CEO)

House of Kraft (Neha
Khanna, CEO & Co-
Founder)

D2C Cross-Border Brand

Chaupal OTT

Yo Tours (Wanderung
Guides Private Limited)

Educational Media Centre

Global Employer

CTA Apparels Pvt. Ltd.

Trexo Global

Regional export leaders

North India

Integral Logistics Services
(ILS)

Dolfin Rubbers Limited

South India

Ziegler Aerospace

Recipharm Pharmaservices
Pvt. Ltd.

West & East India

Laxcon Steels Limited

Kalapi Engineering
Associates Pvt. Ltd.

The impact: A benchmark, a stage and a signal

Measured against the problem it set out to solve, the programme leaves behind three things.

The evaluation framework offers a practical picture of what the programme values in export-ready businesses. For businesses still building toward global scale, that is a practical checklist.

Winners gain visibility across The Economic Times and Payoneer platforms and their social channels, putting their stories in front of investors, partners and decision-makers. For a firm pitching a buyer overseas, a nationally benchmarked recognition is credibility it can carry into the room.

By pairing the ceremony with sessions on trade agreements, growth corridors and overseas investment rules, the programme treated recognition and capability as two halves of one job. The message to the sector was clear: the next phase of India’s export growth will be won as much on execution as on ambition.

India’s export story has long been told in aggregates, in billions and percentages and targets. On one evening in New Delhi, it was told in names, celebrating the businesses building what India will take to the world and signalling the road ahead.

About Payoneer

Payoneer is the financial platform for cross-border business and global payments. Payoneer empowers millions of businesses with the financial tools and services they need to grow and transact globally with confidence. Payoneer makes it easier for businesses, particularly in emerging markets, to connect to the global economy, pay and get paid across borders, manage their funds across multiple currencies, and grow their businesses.

About The Economic Times

The Economic Times is India’s leading financial daily and one of the world’s most widely read English-language business publications. Its digital and print platforms reach executives, policymakers, investors and business leaders across the world.

 

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New Framework Agreement for Multiyear F‑35 Production and Sustainment

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Multiyear F-35 production and sustainment strengthens the supply chain, saves billions in taxpayer dollars and improves fleet readiness.

ARLINGTON, Va., Oct. 22, 2026 /PRNewswire/ — The Department of War and Lockheed Martin (NYSE: LMT) unveiled a transformative framework agreement for multiyear F-35 Lightning II production and sustainment. This framework includes 850 U.S. aircraft over 10 years with associated initial spares, 10 years of modification kits and sustainment, and international customer orders across Lots 21-30, at a continued production rate of 156 aircraft per year. 

“This multiyear framework strengthens the way we can plan and invest in the F-35 enterprise,” said Lockheed Martin Chairman, President and CEO Jim Taiclet. “With the greater certainty that comes from the U.S. government’s transformative approach to F-35 production and sustainment, we can make the upfront investments needed to expand capacity, improve efficiency, and build a more resilient supply chain. That’s good for the taxpayer, good for our suppliers and, most importantly, good for the United States and its allies.”

If granted multiyear authority and associated appropriations in the coming months, the F-35 Joint Program Office and Lockheed Martin will work to finalize contract terms, pricing, and schedules through a formal contract award, which will fulfill the government’s imperative for a predictable, affordable, and resilient fighter jet enterprise. This effort is expected to save taxpayers billions of dollars over F-35’s lifecycle through long-term pricing and industry volume discounts.

The framework agreement directly addresses Department of War and Congressional priorities to improve F-35 readiness by:

Providing predictable, multiyear procurement planning that eliminates the need for supplemental appropriations for, obsolescence management and production tooling.Delivering high-volume procurement efficiencies and discounts that translate into tangible taxpayer savings.Ensuring transparent, data driven decision-making through integrated analytics that link budget inputs to readiness outcomes.Providing real-time visibility into parts inventory and readiness metrics through integrated analytics.

Highlights

Supply Chain Stability – Predictable demand from long-term contracts with suppliers will enable bulk procurement of raw materials and critical parts, slashing turnaround times and reducing logistics bottlenecks. This will result in better mission capable rates by eliminating the annual contracting cycle that has historically strained the industrial base. Affordability – The integrated procurement model that pairs aircraft production with purchases of spare and modification parts will deliver high-volume procurement discounts, drive down unit prices and provide the U.S. government the cost predictability it requires.Economic Impact – The program will support 317,000 U.S. jobs and generate approximately $79 billion in annual economic activity over the next decade, strengthening the nation’s industrial base and providing long-term stability for suppliers who have struggled to plan under the previous resourcing model.Readiness – This framework adds investments in industry capacity and logistics that build upon Lockheed Martin’s existing investments that inject parts into the global spares pool and will further improve fleet readiness and rapid repair turnaround for operations. International Benefits – The multiyear procurement model enables economies of scale that lower costs and enhance readiness for all F‑35 customers, reinforcing confidence in the global sustainment network and enhancing interoperability across allied fleets.

“Our new multiyear framework gives suppliers stability to plan for the future and invest with confidence, improving readiness across the F-35 fleet,” said OJ Sanchez, president of Lockheed Martin Aeronautics. “This, in addition to the investments Lockheed Martin is making to the global spares pool, will directly translate into higher mission capable rates and a more resilient supply chain – critical capabilities the warfighter needs to meet today’s mission and prepare for tomorrow’s threats.”

About the F-35 Lightning II

More than 1,375 F-35s are currently fielded around the globe, and the fleet has surpassed a million flight hours. The combat-proven F-35 operates from 42 bases worldwide, including 13 nations operating on home soil. As adversaries advance and legacy aircraft age, the F-35 is critical to maintaining air dominance into the future.

About Lockheed Martin

Lockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready. More information at Lockheedmartin.com.

 

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SOURCE Lockheed Martin Aeronautics

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MS2 Introduces New Software to Streamline Traffic Data Collection for Transportation Agencies

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MS2 Connect keeps Diamond counters in service and connects their data to MS2’s Traffic Count Database System

ANN ARBOR, Mich., Oct. 22, 2026 /PRNewswire/ — MS2, a TAPCO brand and provider of transportation data management solutions, this week launched MS2 Connect, a new software solution that helps transportation agencies keep collecting critical traffic data after Diamond Traffic’s closure. The Windows desktop application allows agencies to continue using their existing Diamond traffic counters while simplifying how they collect, manage and transfer data used to inform roadway planning, infrastructure investments and traffic safety decisions.

Transportation agencies rely on accurate traffic data to inform roadway safety and infrastructure decisions. According to an October 2026 Federal Highway Administration notice, transportation departments in all 50 states, Washington, D.C. and Puerto Rico report traffic traffic volume, speed and vehicle type data to FHWA every month. State and local agencies collect that data year-round with detection devices in the field, and FHWA uses it to assess impacts on highway safety and manage the federal-aid highway program.

“The future envisioned by MS2 is not simply a better traffic counter or a better scheduling application. It is a connected, automated, data-driven short count program that protects existing hardware investments, connects scheduling and field workflows and enables automated data processing, AI-assisted quality control and faster delivery of trusted traffic data,” said Ben Chen, founder of MS2. “The real value comes from connecting scheduling, fieldwork and data processing capabilities into one continuous workflow, helping agencies make better transportation decisions based on better information.”

Following Diamond Traffic’s closure in February 2026, agencies relying on Diamond equipment faced uncertainty about the future of their traffic monitoring programs. MS2 Connect provides a path forward by supporting a broad range of existing Diamond counters while enabling agencies to connect their collected traffic data with MS2’s Traffic Count Database System (TCDS).

Protecting Investments and Simplifying Data Management

MS2 Connect supports both short count and continuous count operations, maintaining most of the functionality of the legacy Diamond Centurion software while introducing additional capabilities to simplify uploading traffic count files to TCDS.

With MS2 Connect, agencies can:

Protect existing investments: Continue using their Diamond traffic counting equipment without immediately purchasing replacements.Maintain data continuity: Support short-term and continuous traffic monitoring operations.Reduce operational disruption: Maintain access to familiar counter management functionality.Simplify data management: Streamline the process of transferring collected traffic data into MS2 TCDS.Build toward connected workflows: Take a step towards a more connected traffic data management process.

“We worked directly with our customers through surveys and collaborative design sessions, bringing together their feedback with expertise from MS2 and former Diamond employees,” said Jason Breault, Director of Client Success at MS2. “MS2 Connect extends the life of existing counters, protects agency investments and allows customers to continue collecting the data they rely on.”

Building the Foundation for a Unified Short Count Workflow

The launch of MS2 Connect represents an important milestone in MS2’s broader vision for a Unified Short Count Workflow.

MS2 is working toward a unified short count workflow that connects every stage of a traffic count program, from scheduling counts and managing fieldwork to collecting, validating and reporting data. The goal is fewer manual tasks and faster delivery of reliable traffic data for planning and decision-making.

Continuing MS2’s Commitment to Transportation Agencies

For more than two decades, MS2 has worked with transportation agencies to improve how they collect, manage and analyze roadway data. Today, more than 260 agencies across 33 U.S. states and Canada use MS2 software.

MS2 is part of TAPCO’s roadway safety portfolio, helping agencies turn transportation data into actionable insights that support safer roadways by identifying roadway risks, responding to dangerous situations and making more informed safety decisions.

To learn more about MS2 Connect and how it can support your agency’s Diamond traffic counters, contact the MS2 team at info@ms2soft.com.

About MS2
MS2, a TAPCO brand, provides transportation data management software that helps agencies collect, manage, analyze, and share transportation information. Its solutions support traffic monitoring, data collection, analytics, planning, and reporting to help agencies make informed transportation decisions.

About TAPCO
TAPCO is a leading provider of intelligent transportation systems (ITS) designed to enhance road safety and increase road and vehicle connectivity. Headquartered in Brown Deer, WI and founded in 1956, TAPCO manufactures innovative ITS systems and software alongside value-added integration and maintenance services. TAPCO has established itself as a trusted partner in improving road safety outcomes with ITS solutions for states, communities and businesses. For further information, please visit TAPCO’s website and follow on LinkedIn, Facebook and YouTube.

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SOURCE TAPCO

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ViaBTC to Join Crypto Summit 2026 as a Strategic Partner, Bringing a Decade of Mining Experience

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MOSCOW, Oct. 22, 2026 /PRNewswire/ — IX Crypto Summit 2026 will take place on October 28–29 at MTS Live Hall in Moscow. ViaBTC, which operates one of the world’s top four Bitcoin (BTC) mining pools and the largest Zcash (ZEC) mining pool by hashrate, will join the event as a Strategic Partner to connect with miners and industry partners.

First held in Russia in 2022, Crypto Summit returns for its ninth edition this October. The event brings together miners, investors, exchanges, technology providers, and policymakers for discussions on mining infrastructure, digital asset markets, and regulation.

As ViaBTC marks its 10th anniversary in 2026, it continues to focus on making mining more reliable and rewarding for its users. The company pioneered the PPS+ payment model, allowing miners to receive a share of transaction fees on top of their PPS-based block rewards. PPS rewards are credited to miners’ accounts every hour, helping them manage their mining income with greater flexibility and efficiency. Crypto Summit offers an opportunity to build closer relationships with miners across Europe and the CIS, exchange practical insights, and better understand their needs.

During the summit, Anton, ViaBTC’s Business Development Director, will join a panel discussion on the changing mining landscape. Drawing on the company’s experience supporting miners through different market cycles, he is expected to discuss how mining businesses can adapt to market pressures, address profitability challenges, and find new opportunities for growth.

Alina, ViaBTC’s Business Development Manager, will also deliver a presentation titled “What a Miner Needs to Know About Working in a Pool in 2026,” sharing practical insights for miners on working with mining pools.

“Building trust with miners starts with listening and following through,” Anton said. “We want miners to know they can count on ViaBTC for reliable mining services and efficient reward distribution. Our goal is to make day-to-day mining easier to manage, so they can focus on their operations with confidence. We look forward to meeting miners at Crypto Summit, hearing about their experiences, and understanding what we can do better to support them.”

Attendees can meet the ViaBTC team at booth s-02 to learn more about its mining services, discuss opportunities to work together, and pick up exclusive ViaBTC swag.

About ViaBTC

ViaBTC is a multi-cryptocurrency mining pool serving miners worldwide. Launched in 2016, it specializes in secure, stable, and efficient Proof-of-Work (PoW) mining services, supporting major PoW cryptocurrencies including BTC, LTC/DOGE, BCH, ZEC, and KAS. ViaBTC has served more than 2 million users across over 150 countries and regions. Its BTC, LTC/DOGE merged-mining, BCH, and ZEC pools rank among the world’s leading mining pools.

Media Contact:
Vita Lei
pr@viabtc.com

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