India-Russia trade via INSTC doubles in past year.
Trade between India and Russia using the International North South Transport Corridor (INSTC) doubled in the past year with New Delhi increasing the volume of exports as it looks to reduce its substantial large trade deficit with Moscow. INSTC connects western India with Russia through Iran. The corridor’s eastern route is considered the most convenient among all its three branches in terms of volume of goods transportation and geographical coverage.
Source: economictimes.indiatimes.com
India, Qatar forge strategic partnership, set $28 billion trade goal at Modi-Al Thani summit.
India and Qatar on Tuesday elevated their ties to strategic partnership and decided to double the current trade of $14 billion in the next five years at the summit held here between PM Narendra Modi and Qatar Emir Sheikh Tamim Bin Hamad Al Thani. Two agreements and five memorandums of understanding were signed during the visit. The first agreement is on the establishment of a bilateral strategic partnership. A revised double taxation avoidance agreement was also signed. Both the sides also signed MOUs during the visit, including on economic partnership, cooperation in the area of archives and documentation and youth affairs and sports.
Source: economictimes.indiatimes.com
India, Italy hold discussion to strengthen collaboration in agriculture, defence and space.
India and Italy held discussions in the national capital to enhance collaboration in key sectors such as agriculture, defence, space, infrastructure, and transport. Union Commerce Minister Piyush Goyal met with Maria Tripodi, Undersecretary of State for Foreign Affairs and International Cooperation, Italy, and Antonio Bartoli, the Italian Ambassador to India, to explore ways to boost bilateral trade and strengthen cooperation in these crucial areas.
Source: tribuneindia.com
Ministries soon to chart export promotion paths.
An inter-ministerial consultation will be held soon to finalise schemes for exporters under the export promotion mission, announced in the Budget for 2025-26, a senior official said on Monday. Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi said that after the preparation of the scheme details, the ministry will seek the approval of the Cabinet.
Source: tribuneindia.com
Food Processing Schemes: Empowering Farmers, Enhancing Value Addition, and Fostering Sustainable Agricultural Growth.
Food processing plays a crucial role in increasing farmers' income by adding value to raw agricultural produce, reducing post-harvest losses, and opening new market opportunities. Recognizing its importance, the Ministry of Food Processing Industries (MoFPI) has launched several schemes to support the sector, especially in rural and underserved areas. These initiatives aim to improve food production, minimize wastage, and create better market opportunities for farmers by providing financial, technical, and business support for food processing infrastructure.
Source: krishijagran.com
APEDA showcases India’s Organic Legacy at BIOFACH 2025 with leading Organic exporters from across India.
In a celebration of India’s rich agricultural heritage and the growing demand for sustainable farming, the Agricultural and Processed Food Products Export Development Authority (APEDA) organized participation of Indian exporters under India Pavilion at BIOFACH 2025 held from February 11 to 14, 2025 at Messezentrum in Nuremberg, Germany. The APEDA India pavilion at BIOFACH 2025 was inaugurated by Shri Shatrughna Sinha, Consul General of India, Munich along with Shri Abhishek Dev, Chairman, APEDA.
Source: pib.gov.in
Indian industry body calls for broken rice exports as stocks surge.
India needs to allow the export of 100% broken rice after inventories of the grain reached a record high at the start of February, nearly nine times the government's target, exporters told Reuters. Exports of 100% broken rice could help reduce stocks in the world's biggest exporter and enable poor African countries to secure the grain at lower prices, as well as support Asian animal feed and ethanol producers that rely on the grade.
Source: economictimes.indiatimes.com
Roundtable interaction with Resident Commissioners on the activities related to the 4th edition of World Food India (WFI) -2025.
The Ministry of Food Processing Industries (MoFPI) organised a roundtable interaction with the Resident Commissioners and representatives of States & Union Territories (UTs) on 17th February 2025 at 11:30 am under the chairpersonship of Secretary, Dr. Subrata Gupta FPI. The agenda of the roundtable was to discuss possible areas of collaborations with States & UTs for World Food India 2025.
Source: pib.gov.in
India formulating strategies to ensure that interests of exporters are protected: Minister Jitin Prasada.
The government is thinking ahead as to what bumps and speed breakers and the challenges that might arise and India is formulating strategies accordingly to ensure that interests of our exporters and especially the Indian citizens are protected, said Mr Jitin Prasada, Union Minister of State of Commerce & Industry, Government of India in New Delhi today, referring to possible challenges arising from protectionist trade policy of countries.
Source: pib.gov.in
Centre approves continuation of PM-AASHA scheme till 2025-26; tur procurement starts in many states.
The Centre has approved continuation of the integrated Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA) scheme during the 15th Finance Commission cycle up to 2025-26.
Source: economictimes.indiatimes.com