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24 Jun, 2025 News Image India charting new road with record export, free trade agreements: Piyush Goyal.
India is charting a new road to economic prosperity with record export figures and multiple free trade agreements, commerce minister Piyush Goyal said on Monday, highlighting the Vanijya Bhawan’s efficient infrastructure, effective support systems and positive work environment that was created three years ago.
 Source:  hindustantimes.com
23 Jun, 2025 News Image APEDA flags off Karnataka jamun as first export consignment to London.
Agricultural and Processed Food Products Export Development Authority (APEDA) has flagged-off the first export consignment of fresh Jamun fruit from Karnataka to London. The commerce ministry's arm APEDA’s move marks a significant step in promoting India's traditional fruits from different regions in global markets. Earlier only frozen Jamun were exported from the country.
 Source:  fnbnews.com
23 Jun, 2025 News Image Coffee exports up 125 pc to $1.8 billion in last 11 years: Govt data.
The country's coffee exports have jumped about 125 per cent to USD 1.8 billion in the last 11 years on account of a series of measures taken by the Coffee Board of India, according to the central government data. The exports stood at over USD 800 million in 2014-15. It was USD 1.28 billion in 2023-24 and USD 1.14 billion in 2022-23, the data showed.
 Source:  economictimes.indiatimes.com
23 Jun, 2025 News Image Exporters suggest shifting shipments from Bandar Abbas port to Chabahar amid Iran-Israel conflict.
Exporters have suggested shifting cargo movement from Bandar Abbas port to the Chabahar port in the wake of Iran-Israel conflict, stating any further escalation in the war would severely impact trade with Afghanistan, Central Asia, and Russia, an industry official said on Friday. The official also said that the air freight rates have already seen a 15 per cent rise, and traders expect both air and sea freight costs to increase further if the conflict escalates.
 Source:  economictimes.indiatimes.com
23 Jun, 2025 News Image India builds 4-lane FTA roadmap: US and EU in sight, minerals and neighbours next.
India has prepared a four-part strategy for its free trade agreements (FTAs), targeting developed countries, nations rich in minerals, developing economies, and its neighbours. The first phase of this approach is expected to materialise by the end of the year, with potential deals involving the United States and the European Union.
 Source:  economictimes.indiatimes.com
23 Jun, 2025 News Image BRICS summit in Rio: Bloc may push trade in local currencies, countries differ on common currency; India says discussions still at 'early stage'.
Ahead of the BRICS summit in Rio de Janeiro, member nations are set to intensify trade settlements in their own currencies, although a unified BRICS currency isn't imminent. Diplomats emphasized that BRICS aims for mutual respect and non-interference, not as an anti-West coalition. Discussions on a common currency are preliminary, with focus on national currency trade.
 Source:  timesofindia.indiatimes.com
23 Jun, 2025 News Image Govt says pulses, oilseeds production rising as MPs express concern over imports.
The government has told a parliamentary committee that domestic production of pulses and edible oils has risen at a greater pace in the last 10 years than the decade before, amid concerns raised by MPs over India's dependence on imports to meet demand. A presentation to the Standing Committee on Agriculture, Animal Husbandry and Food Processing said imports at 15.66 million metric tonnes (MMT) accounted for 56 per cent of the domestic demand for edible oils in 2023-24.
 Source:  thehindubusinessline.com
23 Jun, 2025 News Image Karnataka mango growers to be compensated jointly by Centre, State under PDPS scheme.
In a major relief to the mango farmers in Karnataka, the Centre and the State government have decided to jointly compensate the growers by paying the differential price. The decision to pay the differential price for 2.5 lakh tonnes of mangoes grown in the state was taken during a video conference between the Union Agriculture Minister Shivaraj Singh Chouhan and the Karnataka Agriculture Minister N Chaluvaraya Swamy. Union Agriculture Secretary Shri Devesh Chaturvedi also participated in the virtual meeting, an official statement.
 Source:  thehindubusinessline.com
23 Jun, 2025 News Image Union Agriculture and Farmers Welfare Minister addresses at a national level seminar on the theme ‘Prosperity through Cooperatives’.
Union Agriculture and Farmers Welfare Minister Shri Shivraj Singh Chouhan addressed at a national level seminar on the theme ‘Prosperity through Cooperatives’ based on UN declaring 2025 as the ‘International Year of Cooperatives’, in Mumbai today. The objective of this initiative is to showcase the transformative power of cooperatives in India, fostering dialogue among stakeholders, and charting a course for the future growth of the cooperative sector.
 Source:  pib.gov.in
23 Jun, 2025 News Image More Indian exporters availing benefits of free trade pacts with Australia, UAE.
Issuance of preferential certificates of origin -- a document enabling exporters to claim tariff benefits under free trade pacts -- has risen significantly for Australia and the UAE in 2024-25, indicating increased advantage of such agreements for domestic exporters. The number of preferential certificates of origin issued by India under free trade agreements (FTAs) with Australia and the UAE rose by 19 per cent and 24.7 per cent respectively, in 2024-25, according to the commerce ministry data.
 Source:  economictimes.indiatimes.com