Lower duty on edible oils, nuts; target growth in spice, rice in US deal: Niti Aayog.
India should offer concessions on agricultural products from US such as edible oils and nuts where domestic supply gaps exist, and explore duty concessions to boost high-performing exports — including shrimp, fish, spices, rice, tea, coffee, and rubber — in the US market during the Bilateral Trade Agreement (BTA) negotiations, a Niti Aayog working paper has argued.
Source: indianexpress.com
Piyush Goyal meets Italian business leaders in Milan, to co-chair meeting with Italy’s Deputy PM.
India and Italy will assess the progress and identify new avenues for collaboration in high-impact areas such as the India–Middle East–Europe Economic Corridor (IMEC), the government said Wednesday. Industry 4.0, agritech, digitalization, energy transition and sustainable mobility, are the other areas where the two sides will focus. The issues will be discussed during commerce and industry minister Piyush Goyal’s two-day visit to Italy on June 4-5.
Source: economictimes.indiatimes.com
India seeks measures to tackle trade distortions.
India has called for action to address trade distortions caused by non-market economies, non-tariff barriers and restoration of a strong dispute settlement mechanism at the World Trade Organization (WTO), commerce and industry minister Piyush Goyal said on Wednesday. The minister, however, insisted that one should not jump to the conclusion that an existential crisis has been created at the multilateral trade body.
Source: economictimes.indiatimes.com
Union Agriculture Minister Shri Shivraj Singh Chouhan participates in ‘National Agro-RE Summit 2025’.
Union Minister of Agriculture and Farmers Welfare Shri Shivraj Singh Chouhan attended the National Agriculture-Renewable Energy Conference 2025 organised by the National Solar Energy Federation of India (NSEFI) in New Delhi today. On this occasion, he released the federation’s report and annual reference book on agriculture and renewable energy. The conference was organised to push for dialogue and collaboration among policymakers, experts, and farmers regarding the integration of renewable energy in the agriculture sector.
Source: pib.gov.in
Govt asks select States to increase inter-state trade on e-NAM platform.
The Centre is preparing to roll out e-NAM 2.0, and States may have to make some changes in their Agricultural Produce Marketing Committee (APMC) Acts. This will be a preparatory step by the Centre to ensure that more inter-State transactions happen over the e-NAM platform. Through hand holding of States, traders are being persuaded to buy though e-NAM. However, it needs many structural reforms required by both the Centre and States to show desired results, experts said.
Source: thehindubusinessline.com
Indian agri sector to reach $1.4 trillion by 2035, says McKinsey report.
Highlighting that India’s $580-650 billion agriculture sector is the world’s fastest-growing —at 5 per cent annually in the past six years—a report by McKinsey said it can reach to $ 1.4 trillion by 2035. 'India’s agriculture sector is host to multiple structural advantages vis-à-vis other agriculture economies that, if leveraged to their full potential, could accelerate growth of the sector to $ 1.4 trillion by 2035 and $ 3.1 trillion by 2047,' it said in a report titled 'value creation in Indian agriculture'.
Source: thehindubusinessline.com
Amul launches milk in Spain, to expand to other parts of EU soon.
The Gujarat Co-operative Milk Marketing Federation Ltd (Amul) on Wednesday announced the launch of Amul milk in Madrid and Barcelona cities of Spain. The Gujarat-based cooperative body said it will subsequently expand to other parts of European Union including Portugal, Germany, Italy and Switzerland.
Source: thehindubusinessline.com
9 'Clean Plant' Projects to be Launched across the Country, 3 of which to be in Maharashtra: Union Minister for Agriculture and Farmers Welfare, Shri. Shivraj Singh Chouhan.
Chief Minister of Maharashtra, Shri. Devendra Fadnavis and Union Minister for Agriculture and Farmers Welfare, Shri. Shivraj Singh Chouhan attended the concluding session of India’s first International Agri Hackathon in Pune. On the occasion, Chief Minister Devendra Fadnavis asserted that the agriculture sector is facing many problems in the backdrop of current climate change and the use of modern technology is the only solution. He also expressed the need to incubate useful technologies from the Pune Agri Hackathon and take them directly to farmers. He expressed his belief that if this revolution in the field of agricultural technology is taken forward, it will increase the productivity of agriculture.
Source: pib.gov.in
New Centre of Excellence Launched to Drive Agricultural Transformation through South-South Cooperation.
The International Crops Research Institute for the Semi-Arid Tropics (ICRISAT), in collaboration with the Research and Information System for Developing Countries (RIS), launched the ICRISAT Centre of Excellence for South-South Cooperation in Agriculture (ISSCA) today during the Conference on Global South and Triangular Cooperation: Emerging Facets, held in New Delhi. The initiative aims to accelerate agricultural innovation and collaboration across the Global South.
Source: pib.gov.in
Unlocking Global Markets: How Indian MSMEs Can Capitalize on Emerging Export Opportunities in Food and Superfoods.
India's Micro, Small, and Medium Enterprises (MSMEs) have long been the backbone of the Indian economy, contributing nearly 30% to the nation’s GDP and about 45.7% to its total exports. As global dietary habits evolve towards healthier, natural, and plant-based consumption, there lies an immense opportunity for Indian MSMEs to tap into the export markets for food and superfoods. India’s agro-diversity and traditional knowledge of nutrition position its MSMEs advantageously to supply what the world is increasingly demanding. This article explores emerging export trends, opportunities, challenges, government support schemes, and a strategic path forward for MSMEs in this domain.
Source: smestreet.in