India's exports to the United States have shown a consistent upward trend, valued at USD 77.5 billion in FY24, marking a growth rate of 10.3 per cent compounded annually (CAGR) over the last 30 years, according to a report by Bank of Baroda.

India and the EU are working towards a balanced, ambitious, comprehensive and mutually beneficial free trade agreement (FTA) and the talks need political directions to reach a commercially meaningful deal while understanding each other's sensitivities, the government said Thursday.

Today, Thursday, the penultimate sesame seed tender of this year was concluded and the full tendered quantity was distributed. The first position of 3,000 mt is divided between Nigeria (1,500 mt), Burkina Faso (900 mt) and Tanzania (600 mt), which were able to convince with bid prices of USD 1,739-1,744/mt. Indian exporters were able to secure the second position for around 1,800 mt, while Nigeria and Mozambique each contributed 900 mt. The price range here is USD 1,741-1,749/mt

India is rapidly emerging as a global hub for Global Capability Centers (GCCs), specialized operational hubs established by multinational corporations to centralize and optimize business processes. These centers, originally focused on cost-driven back-office operations, have transitioned into strategic units driving innovation, research, and high-value capabilities. Recognizing their significance, the Indian government is formulating a new umbrella policy aimed at attracting more GCCs, particularly in tier-2 and tier-3 cities, to ensure widespread economic benefits.

Prices of parboiled rice exported from India held steady this week as strong demand from Africa offset pressure from new crop yields, while Vietnamese rates decreased due to strong supplies and Thai rates edged up on baht appreciation.

In a significant boost to Assam's agricultural export sector, state minister of education and welfare of plain tribe and backward classes, Ranoj Pegu, flagged off the first consignment of fresh produce to Dubai from Sivasagar district on Thursday. The shipment, consisting of 1,000 kg of lemons and 1,500 kg of pumpkins, marks a milestone in the state's efforts to establish itself in the international market.

India and Britain will resume their talks on a free trade agreement by the end of January, an Indian government source told Reuters on Thursday.

Ministry of Food Processing Industries (MoFPI) has been incentivizing food processing entrepreneurs, including small and medium, for setting up/expansion of related industries through its Central Sector Pradhan Mantri Kisan SAMPADA Yojana (PMKSY) Scheme, Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) and Centrally Sponsored PM Formalization of Micro Food Processing Enterprises (PMFME) Scheme across the country. These schemes are not region or state specific but demand driven.

With the global demand for Indian spirits growing at a healthy rate, the government is planning to promote both Indian alcoholic and non-alcoholic beverages in the international markets and is eyeing USD one billion (about Rs 8,000 crore) exports in the next few years. The commerce ministry’s arm APEDA (Agricultural & Processed Food Products Export Development Authority) said that India currently ranks 40th in the world for alcoholic beverage exports. As per estimates, the country has huge unrealised export potential.