'Every war has collateral impact, there are difficulties': Union Minister Piyush Goyal.
Union Commerce and Industry Minister Piyush Goyal on Wednesday underscored the impact of the ongoing global conflict on India's trade and economy. Goyal said India is not involved in the war, but when there is a war going on, there is collateral damage, and the nation should rally together to face the challenges of the time.
Source: economictimes.indiatimes.com
Exports grow at estimated 20 pc CAGR between FY24- 26 due to RoDTEP scheme: Official.
The country's exports supported under the RoDTEP scheme are estimated to have grown at over 20 per cent CAGR between 2023-24 and 2025-26, despite global headwinds such as weak demand, freight volatility, rising protectionism and geopolitical uncertainties, an official said on Tuesday. At the same time, RoDTEP has broadened inclusion within the export ecosystem, the official said.
Source: economictimes.indiatimes.com
India eyes end to popcorn imports by 2030, targets Rs 810 crore forex savings: ICAR’s Jat.
India is on track to become self-sufficient in popcorn production by 2030, marking a striking turnaround for a market that depended almost entirely on imports just a decade ago. According to Dr M L Jat, Secretary, Department of Agricultural Research and Education (DARE), and Director General of the Indian Council of Agricultural Research (ICAR), the country’s popcorn maize market has expanded from 50,000 tonnes in 2014-15 to 1.30 lakh tonnes in 2025-26, and is expected to rise to nearly 1.80 lakh tonnes by 2030, helping cut imports and save an estimated Rs 810 crore in foreign exchange.
Source: economictimes.indiatimes.com
West Asia crisis: Shivraj Singh Chouhan sets up cell to track seed, fertiliser availability.
Agriculture minister Shivraj Singh Chouhan has set up a special monitoring cell to track daily availability of key agricultural inputs like fertilisers and seeds amid global disruptions caused due to the crisis in West Asia. The minister directed officials of a high-level committee with representatives of various government departments to safeguard the interests of the Indian agriculture sector and farmers amid current global volatility and to ensure strategic preparation for the upcoming kharif season.
Source: economictimes.indiatimes.com
Farmers’ income doubled, Government driving agriculture push: Shivraj Singh Chouhan.
Union minister Shivraj Singh Chouhan on Tuesday told the Lok Sabha that the government has taken various initiatives for the agriculture sector and the farmer's income has doubled. During the Question Hour, the production has increased and various measures, including providing Minimum Support Price (MSP) for crops and extending fertiliser subsidies.
Source: economictimes.indiatimes.com
Exports grow at estimated 20 pc CAGR between FY24- 26 due to RoDTEP scheme: Official.
The country's exports supported under the RoDTEP scheme are estimated to have grown at over 20 per cent CAGR between 2023-24 and 2025-26, despite global headwinds such as weak demand, freight volatility, rising protectionism and geopolitical uncertainties, an official said on Tuesday. At the same time, RoDTEP has broadened inclusion within the export ecosystem, the official said.
Source: economictimes.indiatimes.com
US seeks flexible pathway to include plurilateral pacts at WTO.
With two days left for the 14th ministerial conference of the World Trade Organization (WTO), the US suggested the global trade watchdog to focus on finding a more flexible way to incorporate plurilateral agreements into its architecture. Plurilateral agreements are negotiated and agreed by only some WTO members.
Source: economictimes.indiatimes.com
Farm exporters take costly detours as Middle East conflict disrupts trade.
Indian horticulture exporters are rerouting shipments to alternative Middle East ports like Khor Fakkan. This move aims to bypass congestion and disruptions at Jebel Ali port in Dubai. The shift is crucial for perishable agricultural exports to West Asia. Despite increased freight costs, this strategy ensures trade continuity and helps overcome recent business losses.
Source: economictimes.indiatimes.com
US trade deal to increase agricultural exports in India’s areas of strength: Jitin Prasada.
The Indian government has said that the recently announced trade deal with the US will provide opportunities to Indian farming sector to increase exports in its areas of strength. In a written reply in the Lok Sabha on Tuesday, Jitin Prasada, Union Minister of State for Commerce and Industry, said the trade agreement with the US will provide opportunities to Indian farmers and fishermen to enhance their exports in their areas of strength such as marine products, basmati rice, spices, tea and coffee, oilseeds, and certain fruits.
Source: thehindubusinessline.com
DeHaat rolls out NHB supported grape cluster development program in Nashik.
Agritech firm DeHaat in partnership with the National Horticulture Board (NHB), Ministry of Agriculture & Farmers Welfare has launched the Grapes Cluster Development Program in Nashik. DeHaat has established export operations in Nashik under the Frestrop brand.
Source: thehindubusinessline.com