At the first-ever India-GCC Joint Ministerial Meeting for Strategic Dialogue, India’s External Affairs Minister (EAM) S Jaishankar spotlighted the critical role of energy and food security in shaping future cooperation between India and the Gulf Cooperation Council (GCC).
In late 2021, when the UAE and India agreed to pursue a Comprehensive Economic Partnership Agreement (CEPA), both countries arrived at a free-trade deal with a difference. The goal wasn’t simply to reduce tariffs on goods entering each other’s markets – although that was a key element – but to bring the two nations closer together, align our growth visions, and work to deliver long-term, sustainable prosperity in an ever-evolving global economy.
The global demand for Indian spirits is increasing, presenting an opportunity for growth. The Agricultural and Processed Food Export Development Authority (APEDA), plans to promote both the Indian alcoholic and non-alcoholic beverages globally with a target of $1 billion in export revenue over the next few years.
Department of Agriculture & Farmers' Welfare has released its latest data on Kharif crop sowing, revealing that the total area covered under Kharif crops has exceeded 1092 lakh hectares as of Monday, September 09, 2024. The report highlights year-on-year growth in the sowing area for key crops like paddy, pulses, coarse cereals, and oilseeds, indicating a strong agricultural performance during the Kharif season.
Prospects for the basmati crop this year are projected to be good on increase in acreages and the crop size is likely to be higher by 15-20 per cent over last year, according to the trade.
The Abu Dhabi Developmental Holding Company is set to establish food parks in Gujarat, following a memorandum of understanding (MoU) signed with the state government in New Delhi on Monday.
India is revising FTAs with South Korea, Malaysia and various other Asean countries to benefit the domestic industries, Union Minister of State for Ministry of Commerce and Industry Jitin Prasada said on Monday.
India's white rice exports may face challenges as the government plans to empower the National Cooperative Exports Limited, or NCEL, to take over the white rice free trade, reducing reliance on the Food Cooperation of India, or FCI, sources told S&P Global Commodity Insights on Sept. 6.