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30 Jan, 2025 News Image South Australia Eyes Stronger Trade Links with Maharashtra Amid Growing Economic Ties with India.
South Australia's minister for trade and investment, Joe Szakacs, said that Mumbai and Maharashtra are key checkpoints for South Australia's trade and investment foray into India. Szakacs responded to a question on Maharashtra's goal to be a $1 trillion economy by 2032. He encouraged Indian businesses and state govts to seek support from Australian states like South Australia to boost trade and business. Szakacs spoke at the launch of a ‘case study on the India-Australia Economic Cooperation and Trade Agreement (ECTA)' published by Gateway House: Indian Council on Global Relations. The case study stated that Australia's $1.5 trillion pension fund sector can be a potential steady source of investments for India's infrastructure and disinvestments.
 Source:  timesofindia.indiatimes.com
30 Jan, 2025 News Image British trade minister to visit India to negotiate trade deal.
Britain's Business and Trade Secretary Jonathan Reynolds will soon visit India to restart talks on a trade deal, finance minister Rachel Reeves said on Wednesday.
 Source:  reuters.com
30 Jan, 2025 News Image Pulses import double to record 66.33 lakh tonnes during 2024.
India’s pulses imports almost doubled to an estimated record 66.33 lakh tonnes during the 2024 calendar year. This followed the government move to make imports duty-free to boost supplies and keep prices under check on shortfall in domestic output during the year.
 Source:  thehindubusinessline.com
30 Jan, 2025 News Image Jaishankar highlights $160 billion trade ties with Gulf at Raisina Middle East.
External Affairs Minister S Jaishankar on Tuesday underlined the strategic importance of India's ties with the Middle East, particularly the Gulf region, during the inaugural session of Raisina Middle East in Abu Dhabi. He highlighted the historical linkages between India and the region and spoke about the annual trade with the Gulf surpassing USD 160 billion, alongside wide-ranging collaborations in energy, technology, infrastructure, and education. India's engagement extends beyond the Gulf to the Mediterranean, with trade reaching USD 80 billion annually.
 Source:  tribuneindia.com
29 Jan, 2025 News Image Great prospects to expand market share in international agriculture: APEDA chairman.
Indian exporters have huge opportunities to increase their share in the global agriculture trade from the current 2.4 per cent, a government official said on Wednesday. The global agriculture trade is about $2 trillion. Agricultural and Processed Food Products Export Development Authority (APEDA) Chairman Abhishek Dev said that given these numbers, 'huge opportunities' are there to increase exports from the country. Despite being the seventh largest agri exporter in the world, 'our share is 2.4 per cent in the overall world agri trade and immense possibilities are there to increase this share,' he said at the inauguration of Indusfood 2025 at Greater Noida. India’s agri export was about $50 billion in 2023-24 and this year also, the country is looking at pushing the figure to 'new record', he said.
 Source:  agrospectrumindia.com
29 Jan, 2025 News Image Chilean cherry exports to India almost double.
Chile has nearly doubled its cherry exports to India in the 2024/25 season. With the recent arrival of several sea freight containers, export volumes have surged from 367 tonnes in 2023/24 to 708 tonnes in 2024/25 to date, according to Chilean Cherry Committee of Frutas de Chile.
 Source:  fruitnet.com
29 Jan, 2025 News Image UP’s ODOP initiative has made global impact: Yogi.
Chief Minister Yogi Adityanath on Sunday visited the ‘One District One Product' exhibition set up in the Kumbh Mela area and said that ODOP initiative has made a global impact. The CM also encouraged artisans by visiting their stalls from across the state.
 Source:  timesofindia.indiatimes.com
29 Jan, 2025 News Image Govt to import rice, fertiliser, diesel.
The government will import rice, fertiliser and diesel and procure sugar and lentil from local suppliers to meet the domestic demands. Advisors’ Council Committee on Government Purchase (ACCGP) in a meeting on Tuesday, with Finance Adviser Dr Salehuddin Ahmed in the chair, approved a number of proposals in this regard.
 Source:  daily-sun.com
29 Jan, 2025 News Image US President Trump calls for 'fair' trade ties with 'tariff maker' India.
US President Donald Trump has grouped India alongside China and Brazil as 'tremendous tariff makers', vowing to impose tariffs on countries he claims harm the United States. During a separate telephonic conversation, Trump urged Prime Minister Narendra Modi to boost India’s procurement of American security equipment to foster a 'fair' bilateral trade relationship.
 Source:  business-standard.com
29 Jan, 2025 News Image No export of raw materials, value addition must happen in India: PM Modi.
Prime Minister Narendra Modi on Tuesday said he cannot accept raw materials getting exported and finished products being shipped into the country, asserting that value additions must happen in India. Inaugurating the 'Utkarsh Odisha, Make in Odisha Conclave' in Bhubaneswar's Janata Maidan, Modi said he considers eastern India as the growth engine of the country, and the state plays an important role in it.
 Source:  business-standard.com