Exports up 15% despite global headwinds: Commerce and industry minister Piyush Goyal.
India's merchandise exports increased about 15% year-on-year between April-June 14 despite global economic uncertainties, commerce and industry minister Piyush Goyal said on Sunday. The commerce ministry will formally release trade data for June on July 15.
Source: economictimes.indiatimes.com
India, US to hold ministerial-level talks on bilateral trade pact this week.
US Trade Representative Jamieson Greer and Commerce and Industry Minister Piyush Goyal will hold two-day talks this week on the first phase of the bilateral trade agreement. 'For the US trade deal talks, tomorrow my counterpart is coming to Delhi,' Goyal told reporters in Mumbai.
Source: economictimes.indiatimes.com
India-EU trade pact to be signed by Dec; implemented from Feb-Mar next year: Goyal.
India and the 27-nation European Union will sign the free trade agreement by December and are likely to implement the pact during February- March next year, Commerce and Industry Minister Piyush Goyal said on Sunday. On January 27 this year, India and the EU announced the conclusion of negotiations for the 'mother of all deals'.
Source: economictimes.indiatimes.com
India on track for $1 trillion exports in FY27: Piyush Goyal.
India is on track to meet its $1 trillion exports target in FY27 despite disruptions caused by the West Asia crisis, commerce and industry minister Piyush Goyal said on Saturday, noting that the country has already achieved over 15% of the target. 'I am confident that Indian exporters are well on the path to achieve the target I have set for FY27. With the FTAs (free trade agreements) and ease of doing business, I am certain we will achieve it,' he told ET.
Source: economictimes.indiatimes.com
India initiates sustainability certification framework for exports to meet EU, UK compliance norms.
India has initiated a programme to develop sustainability certification standards for export products, an official said, as it seeks to strengthen the competitiveness of its exports amid stricter sustainability compliance norms in developed markets.
Source: economictimes.indiatimes.com
Peace in West Asia expected to boost order book of Indian exporters: Industry body FIEO.
Restoration of peace in the West Asian region is expected to revive the order books of Indian exporters and reduce input costs, as the US-Iran war has severely disrupted the movement of consignments, exporters' body FIEO said on Thursday. The Federation of Indian Export Organisations (FIEO) said that the conflict in West Asia suppressed India's trade volume, with exports to the Middle East suffering a sharp decline during the peak of the disruptions.
Source: economictimes.indiatimes.com
'Fastest we've ever put a trade deal into force': British High Commissioner to India Lindy Cameron hails India-UK trade deal.
British High Commissioner to India Lindy Cameron on Thursday hailed the India-UK Comprehensive Economic and Trade Agreement (CETA) slated to come into force from July 15, 2026, as 'historic', recognising it as an opportunity for the economic benefit of both nations. Announced after a breakthrough between Prime Minister Narendra Modi and UK Prime Minister Keir Starmer at the G7 Summit, the deal aims to double bilateral trade to $100-$120 billion by 2030.
Source: economictimes.indiatimes.com
Centre launches smart warehousing system to monitor real-time operations via AI.
Union Food Minister Pralhad Joshi on Thursday launched a smart warehousing system to monitor inventory and operations on a real-time basis in 216 grain storage warehouses of the public sector Central Warehousing Corporation (CWC) by using modern technologies, including Artificial Intelligence (AI). Launching the completion of the drive in all 216 warehouses, Joshi said: 'It is our responsibility to keep the foodgrains safe and secure.' He hoped that the use of modern technologies would help strengthen the Public Distribution System (PDS). He termed smart warehousing as a food security initiative apart from a technology infusion.
Source: thehindubusinessline.com
ICAR Hyderabad develops seed coating technology to boost yield up to 37%.
Indian Institute of Oilseeds Research (IIOR) in Hyderabad has developed and demonstrated an innovative biopolymer-based Smart Seed Coating Technology. It will enhance seed quality, crop establishment, and resilience against biotic and abiotic stresses across a wide range of crops, the government said in a statement. It has the capacity to raise yield up to 37 per cent from the current level.
Source: thehindubusinessline.com
India’s agri export promotion shifting to value added products, niche markets.
A decision to expand value-added products from traditional cereal-centric dependence over the last decade has helped India to maintain agriculture exports even when faced with periodic ban on key items. 'India’s agri exports have historically been concentrated in rice, wheat and cereals and these commodities are vulnerable to domestic food security pressures. There have been periodic policy interventions including curbs and prohibition on shipments which create volatility in export earnings,' said an official.
Source: thehindubusinessline.com