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18 Jun, 2025 News Image No new tariffs after Bilateral Trade Agreement: India wants US assurance.
India wants an assurance from the US that no additional tariffs will be imposed by the Donald Trump administration once the bilateral trade agreement (BTA) is finalised, said people familiar with the matter. The deal is in the final stages of negotiation and both sides are hopeful of reaching accord quickly. India has sought concessions for labour-intensive sectors such as leather and textiles. 'We have put everything on the table,' said one of the persons, adding that India wants stability in tariffs once a deal is rolled out.
 Source:  economictimes.indiatimes.com
18 Jun, 2025 News Image India’s spirits high, exports higher: Whisky gets a global glow-up.
Indian whisky is hitting the high notes, drawing top billing not just by quantity but also quality. Single malts made in India are happily intriguing the connoisseur, while the less-fancied stuff is setting records by sales. Indians still drink much less liquor on average than other nationalities.
 Source:  economictimes.indiatimes.com
18 Jun, 2025 News Image Shri Piyush Goyal Calls for Innovation-Driven Industrial Nodes with Dedicated Startup Zones, Global Investment Conclaves, and Real-Time Project Monitoring.
Union Minister of Commerce & Industry, Shri Piyush Goyal, chaired a high-level review meeting on 15th June 2025 at the Tobacco Board, Guntur, to assess the progress of NICDC-led industrial nodes in Andhra Pradesh under various industrial corridors. The review focused on the development of three major nodes in the state—Krishnapatnam Industrial Area under the Chennai–Bengaluru Industrial Corridor (CBIC), Orvakal Industrial Area under the Hyderabad–Bengaluru Industrial Corridor (HBIC), and Kopparthy Industrial Area under the Visakhapatnam–Chennai Industrial Corridor (VCIC).
 Source:  pib.gov.in
18 Jun, 2025 News Image India's exports show steady growth from 2010 to 2023.
India's export trajectory from 2010 to 2023 has shown a consistent and steady upward trend, reflecting the resilience and dynamism of its trade sector, an official said on Tuesday. Citing an UNCTAD report, the official said that over the period from 2010 to 2023, India has been one of the fastest-growing major economies in terms of its share of global exports, achieving a growth rate of 6.3 per cent.
 Source:  economictimes.indiatimes.com
18 Jun, 2025 News Image New cold storage facility opened in India.
There has been much to improve when it comes to storing fruits and vegetables in India. As a result, Aeden Fruits has built a new cooling facility in order to keep the newly imported fruits as fresh as possible, says Mr. Kamaruddeen, managing director for Aeden Fruits. 'Imported fresh fruits into India deserve to be handled with utmost care and the right logistical requirements ensuring efficacy and quality till the last mile delivery or the last leg of every supply chain activity. This very need has made Aeden think about designing a model that will ensure that the fresh fruits imported into India will be handled and brought to the customer's plate with the same level of quality and freshness as the brand intended it to be consumed.'
 Source:  freshplaza.com
18 Jun, 2025 News Image Paddy sowing up 13% to 4.53 lakh hectare till June 13 this year: Govt.
Paddy sowing so far this Kharif season is higher by 13 per cent at 4.53 lakh hectares, according to the government data. Sowing of paddy stood at 4 lakh hectares in the same period last year.
 Source:  economictimes.indiatimes.com
18 Jun, 2025 News Image India's economy maintains growth momentum despite global uncertainties: Report.
India's economy continues to demonstrate resilience amid global uncertainties, as country's real GDP grew by 7.4 per cent in the fourth quarter of FY25, bringing full-year growth to 6.5 per cent, surpassing expectations, according to the recent report by CareEdge Economic Pathways report. The report also reflects that, although this marks a moderation from the 8.4 per cent average seen in the previous two years, the economy remains on a strong footing. Growth in FY26 is projected at 6.2 per cent.
 Source:  economictimes.indiatimes.com
17 Jun, 2025 News Image Union Minister Sarbananda Sonowal announces major infra push to boost Inland Waterways in Bihar.
Union Minister of Ports, Shipping and Waterways, Shri Sarbananda Sonowal announced major infra push to boost Inland Waterways in Bihar. The announcements were made at the inaugural session of the Consultative Workshop on Inland Waterways Development on National Waterways-1 (river Ganga), a first such workshop held in Patna, today.
 Source:  pib.gov.in
17 Jun, 2025 News Image Issuance of preferential certificates under FTAs rises, signals higher trade pact use by exporters.
The number of preferential certificates of origin issued under free trade agreements implemented so far has recorded a healthy increase, rising to 7,20,996 in 2024-25 from 6,84,724 in 2023-24, indicating greater utilisation of trade pacts by Indian exporters, according to government data. Commerce Secretary Sunil Barthwal said India's trade under the preferential route is growing.
 Source:  economictimes.indiatimes.com
17 Jun, 2025 News Image India-U.S. trade talks stall over agriculture and GM crops.
India and the United States continue intricate negotiations over a Bilateral Trade Agreement involving agricultural products, with apples, corn, and soybeans emerging as contentious points. The ongoing dialogue could delay the agreement beyond the anticipated July 8 deadline.
 Source:  freshplaza.com