Trade deals with US, EU soon: Piyush Goyal
Officials also said that India and the Russia-led Eurasian Economic Union (EAEU) are expected to hold the next round of talks for a proposed free trade agreement (FTA) in June in Moscow, where New Delhi will raise issues related to non-tariff barriers in sectors such as agriculture, marine products, automotive and electronics. Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan are the five member countries of the EAEU.
Source: economictimes.indiatimes.com
India's wheat production resilient despite setbacks: Agri ministry.
The agriculture ministry on Sunday asserted that India's wheat production for 2025-26 crop year remains 'stable and resilient despite localised damage' caused by unseasonal rainfall and hailstorms, even as an industry body pegged output significantly below the government's earlier forecast. The Roller Flour Millers' Federation of India (RFFI) on April 24 projected wheat output at 110.65 million tonnes for the 2025-26 crop year (July-June), marginally higher than 109.63 million tonnes produced in 2024-25, after factoring in recent weather damage.
Source: economictimes.indiatimes.com
India following diversified strategy to boost exports to China, cut import dependence: Official.
India is following a diversified strategy to boost exports to China by strengthening domestic capacities while reducing import dependence through diversification of its supplier base, as complete decoupling from Beijing is difficult since Chinese inputs support the country's industrial growth, a senior official said. 'While India may not have hard decoupling from China, it is creating its own capacity both in terms of having resilient supply chain and also in terms of increasing our own exports capacity,' the official said.
Source: economictimes.indiatimes.com
India plans global diplomatic push across Europe, Africa, BRICS and Quad in May.
India will champion multipolarity through a series of high-impact diplomatic engagements with the global south, Europe, BRICS and Quad next month, said people privy to the details. While Prime Minister Narendra Modi will tour Europe for the India-Nordic summit and visits to Italy and Netherlands in mid-May, India is expected to host the fourth edition of the Africa Summit on May 31. Several African leaders could attend the summit. The top leaders of Vietnam and Cyprus are also expected to visit India in May.
Source: economictimes.indiatimes.com
'New chapter in India-New Zealand economic ties': Piyush Goyal as FTA nears signing.
Union Commerce and Industry Minister Piyush Goyal said India and New Zealand are set to begin a 'new chapter' in their economic relations with the upcoming Free Trade Agreement (FTA) signing, calling it a key milestone in strengthening bilateral ties. Goyal welcomed New Zealand's Minister for Trade and Investment, Todd McClay, to India, saying the visit marks a 'defining moment' in the partnership between the two countries.
Source: economictimes.indiatimes.com
India-US bilateral trade agreement talks progress: Digital trade, market access in focus.
India and the US discussed issues related to digital trade, investment promotion and economic security alignment in the recently concluded round of meetings to finalize the details of the Interim Agreement and take forward the negotiations under the broader bilateral trade agreement (BTA), the government said Friday.
Source: economictimes.indiatimes.com
AP to launch first of its kind Mushroom Mission to emerge as India’s largest producer.
In a first-of-its-kind initiative in the country, the N Chandrababu Naidu-led Andhra Pradesh government is set to launch a Mushroom Mission with an estimated investment of Rs.13,000 crore, aiming to make the State the largest producer of mushrooms in India. Following directions from the Chief Minister, officials have prepared a comprehensive action plan for the proposed mission, which is expected to be formally announced shortly, according to official sources.
Source: thehindubusinessline.com
Aatmanirbhar Bharat: India’s golden opportunity in corn agri-business.
As I reflect on my three decades in the food industry, I am witnessing an unprecedented transformation in India’s agricultural landscape. Today, I write not just as the Managing Director of Gourmet Popcornica, but as someone who hails from a farming community deeply invested in India’s journey toward self-reliance – Aatmanirbhar Bharat. The corn agri-business sector presents our nation with a golden opportunity to emerge as a global powerhouse.
Source: thehindubusinessline.com
Telangana to procure 15 lakh tonne of maize.
With maize prices ruling far below the minimum support price, the Telangana government has decided to intervene and procure at least one-third of the estimated output of 43.20 lakh tonne (lt). The government would spend Rs. 4,173 crore to procure 14.89 lt of maize at the MSP of Rs. 2,400 a quintal. The Cabinet has cleared the proposal and agreed to provide the required guarantee to help Telangana State Cooperative Marketing Federation Limited (TS MARKFED) raise the required funds.
Source: thehindubusinessline.com
Odisha to sign 25 MoUs for setting up food and beverage firms in the State this fiscal.
The Odisha government plans to sign at least 25 Memoranda of Understanding (MoUs) during the current fiscal year in the food and beverages sector, said Hemant Sharma, Additional Chief Secretary, Home, Industries Department and I&PR, Government of Odisha. 'The food and beverage sector, which is treated as a priority sector, has demonstrated significant growth and investment momentum in Odisha. A total of 33 industries have been proposed, with an estimated investment of Rs. 7,655 crore and the potential to generate 14,532 employment opportunities in 2025-26,' he told businessline over the phone from Bhubanesw
Source: thehindubusinessline.com