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Mar 27, 2025 News Image India may play bigger role in global value chains soon.
The NITI Aayog is working on a programme to improve India's penetration into global value chains for the growth of domestic micro, small and medium enterprises (MSMEs), its chief executive BVR Subrahmanyam said on Wednesday. Observing that MSMEs are more affected by regulations than large companies, he said the PM has taken a major step towards deregulation and a task force under the cabinet secretary is working on it. Subrahmanyam was addressing a gathering after launching the 'Digital Excellence for Growth and Enterprise' (Dx-EDGE), a platform to empower MSMEs with the tools, knowledge and ecosystem needed to become future-ready, competitive and resilient.
 Source:  economictimes.indiatimes.com
Mar 27, 2025 News Image India top milk producer in the world: Animal Husbandry Minister.
India is the top producer of milk in the world and has set a target of producing 300 million metric tons (MMT) of milk in the next five years from the present 239 MMT, Union Minister of Animal Husbandry and Dairying Rajiv Ranjan Singh said in the Lok Sabha on Tuesday. Singh also said that ever since the Modi government has launched the Rashtriya Gokul Mission (RGM) in 2014, the milk production in the country has increased by 63.5 per cent and the government is hopeful of further increasing it by 15 per cent in next three years.
 Source:  economictimes.indiatimes.com
Mar 26, 2025 News Image India, Nigeria strengthen bilateral ties.
The longstanding economic and diplomatic ties between India and Nigeria took center stage at the maiden edition of the India Trade Expo 2025, as both nations reaffirmed their commitment to deepening trade relations and fostering new investment prospects. They expressed concerns over the need to reverse the declining trade volume between both countries, which fell from $14.95 billion in 2022 to $7.89 billion in 2024.
 Source:  guardian.ng
Mar 26, 2025 News Image India top milk producer in the world: Animal Husbandry Minister.
India is the top producer of milk in the world and has set a target of producing 300 million metric tons (MMT) of milk in the next five years from the present 239 MMT, Union Minister of Animal Husbandry and Dairying Rajiv Ranjan Singh said in the Lok Sabha on Tuesday. Singh also said that ever since the Modi government has launched the Rashtriya Gokul Mission (RGM) in 2014, the milk production in the country has increased by 63.5 per cent and the government is hopeful of further increasing it by 15 per cent in next three years.
 Source:  economictimes.indiatimes.com
Mar 26, 2025 News Image Wheat stock limit expires on March 31; weekly stock disclosure begins from April 1.
The government has made it mandatory for the wheat industry and trade to declare weekly stock position on the portal starting April 1. The existing stock limit on wheat will expire on March 31. The Department of Consumer Affairs has said that to manage the overall food security and to prevent unscrupulous speculation, the Government of India has decided that traders, wholesalers, retailers, big chain retailers and processors have to declare their stock position of wheat on the portal from April 1 and then, on every Friday till further orders.
 Source:  economictimes.indiatimes.com
Mar 26, 2025 News Image Three-day talks on trade pact begin today: Govt weighs relief for US feedstock, cherries.
India could reduce customs tariffs on certain imports from the US, including feedstock such as gas and farm produce like cherries and pecan nuts, and seek easier regulatory barriers for its exports.
 Source:  economictimes.indiatimes.com
Mar 26, 2025 News Image India, US to focus on higher market access, lower import duty and trade barriers: Govt to Parliament.
India and the US would focus on increasing market access, reducing import duty and non-tariff barriers, and enhancing supply chain integration in the proposed bilateral trade agreement, the government told Parliament Tuesday.
 Source:  economictimes.indiatimes.com
Mar 26, 2025 News Image Germany looking to expand trade ties with India.
Germany is looking to work with India on making cutting-edge defence equipment, recruiting skilled workers, expanding trade and green technologies. At a strategic level, the European nation intended to ramp up its military prowess in the wake of Russian aggression in Ukraine and work alongside New Delhi in the Indo-Pacific, said.
 Source:  tribuneindia.com
Mar 26, 2025 News Image Government has undertaken comprehensive measures to boost exports and strengthen trade competitiveness: MoS Jitin Prasada in LS.
The Government has taken various proactive measures aimed at enhancing domestic capacities, boosting exports, diversifying supply chains, exploring alternate sources of imports and fostering economic resilience, the Minister of State for the Ministry of Commerce & Industry, Jitin Prasada, informed the Lok Sabha in a written reply on Tuesday. Quoted by the Ministry of Commerce & Industry in a release, the MoS informed the Parliament that the Foreign Trade Policy, effective from April 01, 2023 is designed to integrate India more effectively into the global market, improve trade competitiveness, and establish the country as a reliable and trusted trade partner.
 Source:  tribuneindia.com
Mar 26, 2025 News Image Tariffs, market access for agricultural goods on agenda as U.S. trade delegation visits India.
Market access to agricultural products, a long-protected area in Indian imports, could be on the agenda as a U.S. delegation, headed by Brendan Lynch, the U.S. Trade Representative’s point-person for South and Central Asia, travels to India on Tuesday (March 25, 2025) for a five-day visit.
 Source:  thehindu.com