Indian bakers’ body welcomes govt decision to cut GST on products.
Terming earlier GST rates on bakery products as 'disproportionately high,' Indian Bakers Federation (IBF), has expressed gratitude to Prime Minister Narendra Modi for significant reductions in tax rates as decided in the recent GST Council meeting. 'It is under Modi’s guidance and the efficient functioning of his government that the long-pending concerns of bakers across the nation have finally received deserved attention,' IBF president S Anburajan and former president P M Sankaran said in a statement.
Source: thehindubusinessline.com
Indian envoy to US discusses bilateral trade ties with US lawmakers.
India's Ambassador to the US Vinay Mohan Kwatra discussed bilateral trade relations with several key American lawmakers and underlined Delhi's support to efforts to bring an end to the Ukraine conflict through dialogue and diplomacy. 'Took the opportunity to brief' Representative James Moylan on recent developments in India-US trade partnership and energy cooperation.
Source: economictimes.indiatimes.com
India, EU looking forward to win-win FTA, says Piyush Goyal.
Commerce and industry minister Piyush Goyal said India and the European Union are looking forward to a robust, fair, equitable, balanced and a mutually beneficial win-win partnership in terms of an enduring free trade agreement (FTA). He was speaking at the annual session of the Automobile Component Manufacturers Association of India (ACMA) on Friday. EU trade commissioner Maros Sefcovic, who was also present, said the two sides are maximising efforts to finalise negotiations for the FTA by December-end and that intensive negotiations are currently underway to achieve a 'groundbreaking' deal.
Source: economictimes.indiatimes.com
GI tag sought for Madurai jigarthanda.
Madurai’s iconic summer cooler, jigarthanda, is a sip away from global fame. An application has been filed with the GI Registry in Chennai seeking a Geographical Indication (GI) tag for Madurai jigarthanda, a milk-based delicacy synonymous with the temple city. The application has been jointly submitted by Madurai Famous Jigarthanda Association and Tamil Nadu State Council for Science and Technology. From pushcart beginnings to cult status, Madurai jigarthanda has enthralled people for decades.
Source: thehindu.com
'Crop diversity, export help boost agri sector'.
Erratic rains or drought due to climate change, pest and disease outbreaks, rising input costs, and price volatility in markets have been affecting farmers. To face these challenges, emphasis must be laid on water conservation, crop diversification, value addition, and exports today, said Governor Thaawar Chand Gehlot.
Source: deccanherald.com
Exporters seek new markets amid Trump tariff challenges.
Textile conglomerate Arvind Limited said it is navigating a turbulent global trade environment with significant exposure to the US, while stepping up efforts to diversify into new geographies. Speaking at the CII Gujarat Export Conclave on Friday, vice-chairman Kulin Lalbhai said the company faces 30–40% exposure to the US, which has imposed steep import tariffs.
Source: timesofindia.indiatimes.com
APEDA inaugurates regional office in Patna; 7 MT GI-Tagged Mithila Makhana exported to global markets.
In a landmark development for Bihar’s agri-export sector, Hon’ble Union Minister of Commerce & Industry, Shri Piyush Goyal, inaugurated the Agricultural and Processed Food Products Export Development Authority (APEDA)’s Regional Office in Patna during the Bihar Idea Festival. Adding a historic touch to the occasion, Shri Goyal flagged off a 7 metric ton consignment of GI-tagged Mithila Makhana bound for New Zealand, Canada, and the USA. The consignment was exported by Ms. Neha Arya, woman entrepreneur and founder of Nehashi from Darbhanga, Bihar. Her initiative symbolizes APEDA’s commitment to inclusive, gender-sensitive, and farmer-centric trade promotion.
Source: foodtechbiz.com
Bhagwa pomegranate export season kicks off, eyes on Asia and Europe expansion.
India's Bhagwa pomegranate exports are gearing up for a strong season, says Ankit Thakkar, Operations Head at Fresh and Fair Exporters. 'Our packing will start from the last week of September in Maharashtra, followed by Gujarat, and continue through February and March.'
Source: freshplaza.com
Punjab’s flavourful quest: Amritsari Kulcha eyes GI tag.
The Punjab government is exploring the possibility of securing a Geographical Indication (GI) tag for Amritsari Kulcha, an iconic stuffed flatbread deeply rooted in the culinary heritage of Amritsar. The initiative is being led by the Punjab Food Processing Department, with Principal Secretary Rakhee Gupta Bhandari highlighting that such recognition would not only safeguard the city’s food culture but also boost branding, exports and employment in the region.
Source: tribuneindia.com
British Parliament panel opens inquiry into impact of India-UK FTA.
The House of Lords International Agreements Committee has opened an inquiry this week into the impacts and implications of the UK-India Free Trade Agreement (FTA), concluded during Prime Minister Narendra Modi's visit to Britain in July. The cross-party panel, which includes British Indian Conservative peer Baroness Sandy Verma, is seeking evidence from experts and stakeholders as part of the parliamentary process before the Comprehensive Economic and Trade Agreement (CETA) can come into effect.
Source: economictimes.indiatimes.com