Gujarat govt eyes historic 66 lakh tonne groundnut production this year.
Gujarat, which accounts for over 50 per cent of India’s total groundnut production, is projected to achieve a record-high of 66 lakh tonne of groundnut this year, according to the State government. Last year, the groundnut production in the State stood at 52.20 lakh tonne and as per preliminary estimates, Gujarat is expected to achieve 26 per cent more production this year.
Source: thehindubusinessline.com
India Sees Room for Sugar Exports in New Season.
India, the world’s second-largest sugar producer, expects sufficient surplus stocks in the season starting October 1 to allow exports, according to a senior government official. Ashwini Srivastava, joint secretary at the Department of Food and Public Distribution, told a global conference that 'there will be scope for sugar exports in the new season,' though he gave no estimate.
Source: tradingview.com
India, EU committed to work for mutually beneficial trade pact soon: Goyal.
India and the European Union are committed to work for a balanced and mutually beneficial free trade agreement soon, Commerce and Industry Minister Piyush Goyal said on Saturday. EU Trade Commissioner Maros Sefcovic and the European Agriculture Commissioner Christophe Hansen were here to give a push to the ongoing negotiations for the trade agreement.
Source: economictimes.indiatimes.com
Piyush Goyal Inaugurates APEDA’s First Regional Office In Bihar, Boosting State’s Agri-Export Potential.
In a bid to boost Bihar’s footprint on the global agri-export map, Union Commerce and Industry Minister Piyush Goyal on Thursday inaugurated the state’s first regional office of the Agricultural and Processed Food Products Export Development Authority (APEDA). The inauguration took place during the Bihar Idea Festival in Patna, in the presence of Bihar Deputy Chief Minister Samrat Chaudhary, Industries Minister Nitish Mishra, senior state officials, APEDA leadership, entrepreneurs, FPOs and farmer groups.
Source: ddnews.gov.in
Trade pact with EU to provide huge opportunities for Indian auto industry: Rajesh Agrawal.
The proposed trade pact with the European Union (EU) will provide huge opportunities for the domestic auto industry to boost exports and forge new partnerships with leading automobile giants from the 27-nation bloc, a senior government official said on Thursday. Special Secretary in the Department of Commerce Rajesh Agrawal said India is currently negotiating its biggest free trade agreement (FTA) with the European Union, and it is important particularly for the Indian automobile sector, as the auto sector is one of the bloc's key strengths.
Source: economictimes.indiatimes.com
India’s sugar surplus may open doors for limited exports in 2025/26.
India should allow exports of 2 million metric tonnes of sugar in the 2025/26 marketing year starting from October 1 as the country is set to produce surplus, the head of a leading industry body said on Thursday. Sugar mills can divert up to 5 million tonnes of sugar for production of ethanol in the new season, Gautam Goel, president of Indian Sugar & Bio-energy Manufacturers Association told an industry conference.
Source: thehindubusinessline.com
India to engage with Mexico to increase trade relations: Piyush Goyal.
Union Minister of Commerce & Industry Piyush Goyal has said that India will work towards strengthening trade and investment ties with Mexico, highlighting the strong potential for deeper cooperation between the two countries. Goyal held a discussion with Francisco Cervantes, President of the Business Coordination Council of Mexico, focusing on ways to expand bilateral relations. The meeting, according to the minister, was aimed at building a stronger platform for trade, investment, and collaboration across multiple sectors.
Source: economictimes.indiatimes.com
India is in 'active dialogue' with the US on trade deal: Piyush Goyal.
India is in 'active dialogue' with the US for a proposed trade deal, commerce and industry minister Piyush Goyal said on Wednesday. He said talks are also on with New Zealand to finalise a trade agreement. Negotiations are also ongoing with the European Union in New Delhi for concluding a free trade agreement (FTA), while a trade pact with Oman is also likely to be reached soon, Goyal said, adding India and Qatar are set to finalise terms of reference for a FTA in the first week of October. India is also in talks with Australia for a second tranche of their bilateral trade pact, the minister said at a FICCI event. 'I say (we are) in active dialogue with the United States of America, with New Zealand. Qatar and I (India) will be finalising the terms of reference, I think, first week of October,' Goyal said. 'Chile, Peru, and frankly (I) have lost track because I am already talking and promising many other nations that we will expedite the discussion...Trade deal with Oman in weeks now,' he said.
Source: economictimes.indiatimes.com
Sergio Gor, US envoy-designate to India, says trade deal imminent, strategic ties intact.
US ambassador-designate to India Sergio Gor on Thursday said Washington and New Delhi are 'not that far apart' on tariff issues and indicated an agreement between the two sides is imminent. The upbeat assessment came even as he, along with top officials and lawmakers, talked up long-term strategic ties between the two countries that have been rocked by differences over trade matters. At a confirmation hearing before the Senate Foreign Relations Committee, Gor disclosed that President Trump has invited India’s commerce and trade ministers to visit US and they will be meeting with USTR Jamieson Greer in Washington next week. 'Part of that will include hopefully a deal. We are not that far apart right now... In fact, they're negotiating the nitty gritty of a deal,' Gor said.
Source: timesofindia.indiatimes.com
Kochi gets new microbiology laboratory to boost export quality.
A state-of-the-art microbiology laboratory was inaugurated at the Export Inspection Agency (EIA), Kochi, under the administrative and technical control of the Export Inspection Council (EIC). The facility is expected to play a key role in strengthening food safety standards and enhancing the quality of exports.
Source: thehindubusinessline.com