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14 Aug, 2025 News Image Ladakh Halman apricots enter Gulf.
As the apricot harvest peaks in the cold desert of Ladakh, a major shipment of premium fruit has been exported to Gulf countries. For the first time, a consignment of 1.5 metric tonnes of Halman apricots has been sent to Saudi Arabia, Kuwait and Qatar.
 Source:  thehindubusinessline.com
14 Aug, 2025 News Image Commerce, finance ministries in talks for 2,250 crore export boost mission.
The commerce and finance ministries are in dialogue for the Rs 2,250 crore export promotion mission, with the Expenditure Finance Committee expected to take it up soon, an official said on Wednesday.The mission was part of budget announcements but has gathered urgency in the wake of the possible adverse impact of US tariffs on India's exports. The commerce department has already prepared a blueprint, which focuses on expanding the number of exporters, especially MSMEs, while supporting first time exporters.A key thrust is on export finance and putting in place new tools, while also dealing with non-tariff barriers erected by other countries. Facilitation of overseas warehousing and global branding initiatives to tap emerging export opportunities were the other thrust areas of the plan.Some of it may, however, need to be tweaked, amid demand for bigger support from exporters, particularly in labour intensive ones, such as textiles and footwear. 'The committee, under the finance ministry, will soon take up the proposal. After its approval, it will go to the Cabinet,' the official said. Commerce and industry minister Piyush Goyal has held a series of stakeholder meetings to understand challenges, which they are facing due to high US tariffs on Indian goods.
 Source:  timesofindia.indiatimes.com
14 Aug, 2025 News Image Italy starts £432m export finance fund to boost trade with India.
The plan, administered by Italian export finance agency SIMEST, is part of a wider push to boost Italian trade with the Global South, the government has said – especially as many fear losing Western markets due to shrinking demand and new tariffs.
 Source:  tradefinanceglobal.com
14 Aug, 2025 News Image India looking to build new ties with South Dakota through agriculture and trade.
India and South Dakota may be worlds apart, but leaders are looking to build new ties through agriculture and trade. Prakash Gupta, the consul general of India based in Seattle, is in Sioux Falls this week for the Midwest Agricultural Export Summit. He says India sees big potential in partnering with South Dakota — especially in ag tech — and hopes to bring Indian goods like mangoes and coffee to the region. Gupta is also pushing for a South Dakota trade mission to visit India soon. Despite high tariffs, he’s optimistic about the future of U.S.-India trade talks.
 Source:  kelo.com
14 Aug, 2025 News Image India negotiates trade pacts on equal footing, with adequate firmness: Jitin Prasada.
India negotiates free trade agreements with nations on an equal footing with adequate firmness, as the country has changed under the leadership of Prime Minister Narendra Modi, Minister of State for Commerce and Industry Jitin Prasada said on Wednesday. He said that India's economic growth is progressing rapidly. 'When we do FTAs with different countries...we talk on equal footing. This is the new India. We put forth our point of view forcefully,' he said.
 Source:  economictimes.indiatimes.com
14 Aug, 2025 News Image India's population is its strength, will tap new markets: Agriculture Minister Shivraj Chouhan on Trump tariffs.
Union Agriculture Minister Shivraj Singh Chouhan on Tuesday lauded Prime Minister Narendra Modi for his determination to protect the interests of farmers despite tariff pressure from the Donald Trump administration in the US. The Bharatiya Janata Party (BJP) leader said it has been decided that there will be no compromise with the interests of the farming community.
 Source:  livemint.com
14 Aug, 2025 News Image ‘Sweet aroma of new opportunities’: Basmati exporters eye Middle East, other markets amid US tariff challenge.
With most of the over 60 lakh metric tonnes of Basmati exported from India coming from Punjab and Haryana, exporters are worried about the challenges posed by the latest US tariffs and how it would impact the industry. After the newly announced 25 per cent additional tariff, India has now joined Brazil at the top of the list of countries facing the highest import taxes under President Donald Trump’s tariff regime.
 Source:  indianexpress.com
14 Aug, 2025 News Image Rupee-rouble rule: RBI clears path for faster India-Russia payments.
The Reserve Bank of India (RBI) has taken steps to simplify and accelerate trade settlements in rupees with Russia, a move that comes amid growing interest in rupee-rouble transactions following recent global trade developments, as reported by TOI. The spotlight on rupee-rouble trade intensified after US President Donald Trump announced higher tariffs on Indian exports. In response, RBI on August 5 allowed authorised dealer (AD) category-1 banks to open special rupee vostro accounts (SRVAs) for their foreign correspondent banks without prior approval.
 Source:  economictimes.indiatimes.com
14 Aug, 2025 News Image Kerala plans food parks in a tie up with universities to foster innovation, growth: Minister Rajeeve.
Kerala is planning to establish food parks in collaboration with universities to create new opportunities for innovation and growth in food processing sector, P Rajeeve, the State’s Industries Minister has said. Inaugurating Kerala Agricultural University’s Agri Business Incubator (ABI) programme, the Minister said Kerala is among the few States to have met the PMFME scheme’s expected targets. The programme is being implemented by the Kerala Bureau of Industrial Promotion (K-BIP) under the Department of Industries & Commerce, in partnership with KAU, with Centre–State funding shared in 60:40 ratio, he said.
 Source:  thehindubusinessline.com
14 Aug, 2025 News Image Global rice output likely to be record high next season, trade may rise.
Global rice production is estimated at another record high in the 2025-26 season (October-September) and global trade is projected to be higher with Iraq set to import a record high volume, the US Department of Agriculture (USDA) has said. In its 'Grain: World Markets and Trade', the USDA said global rice production is expected to be a record high at 541 million tonnes (mt), while consumption is estimated at 542 mt. 'Global trade is forecast up this month driven by Burma and the US. Consumption is slightly increased, primarily in Nigeria reflecting multi-year revisions,' it said.
 Source:  thehindubusinessline.com