1. Home
  2. Market Intelligence
  3. Market News
Archive
May 09, 2025 News Image DPIIT and Hafele India Sign MoU to Boost Manufacturing Innovation and Localized Supply Chains.
The  Department for Promotion of Industry and Internal Trade (DPIIT)  and Hafele India Pvt. Ltd. signed a Memorandum of Understanding (MoU)  on 07 May 2025 in New Delhi, to strengthen India’s manufacturing and innovation ecosystem by empowering product startups, MSMEs, and entrepreneurs. The partnership reflects a shared commitment to building resilient local supply chains and accelerating India’s vision of becoming a global manufacturing hub. Under this strategic collaboration, Hafele will drive initiatives that support product innovation, local sourcing, and entrepreneurship through targeted investments, mentorship, and integration into global value chains.
 Source:  pib.gov.in
May 08, 2025 News Image Industry, farmers relieved as FTA excludes dairy items, rice.
The tariff concessions under the India-UK FTA for tea, spices, food items and marine products will help Indian exporters increase market access in the UK . The local industry and farmers are also relieved that several sensitive sectors such as dairy have been kept out of the purview of the deal. Traders anticipate a rise in imports of lamb, confectionery, and salmon into India, although the exact quantum of additional imports would vary depending on the level of competitiveness of the UK industry, and its pricing power.
 Source:  financialexpress.com
May 08, 2025 News Image Global rice prices have hit a floor, but India's supply glut will smother any gains.
Global rice prices, which have tumbled to multi-year lows, are unlikely to fall further with top exporter India's currency firming, but bulging Indian stockpiles and a bumper Asian crop will cap any rebound this year, industry executives say. While lower rice prices will benefit price-sensitive consumers in Africa and other regions, they are likely to further squeeze the already meagre earnings of farmers across Asia, which produces nearly 90% of the world's rice.
 Source:  reuters.com
May 08, 2025 News Image India opens govt procurement sector for UK firms under FTA.
After the UAE, India has opened its central government procurement for British companies under the free trade agreement (FTA) announced on Tuesday, an official said on Wednesday. The official said British firms would be allowed to participate in the procurement of goods and services of the non-sensitive central-level entities only.
 Source:  economictimes.indiatimes.com
May 08, 2025 News Image Piyush Goyal to meet exporters on May 8 on India-UK trade pact.
Commerce and Industry Minister Piyush Goyal will meet representatives of export promotion councils (EPCs) here on May 8 to discuss matters related to the free trade agreement with the UK, an industry official said on Wednesday. India and the UK clinched a 'landmark' trade deal that will remove taxes on the export of labour-intensive products such as leather, footwear and clothing, while making imports of whisky and cars from Britain cheaper, in a bid to double trade between the two economies to USD 120 billion by 2030.
 Source:  economictimes.indiatimes.com
May 08, 2025 News Image GI tag for Mahabubnagar’s Balanagar custard apple sought.
A process to seek Geographical Indication (GI) for the world-famous Balanagar custard apples variety in Mahabubnagar district is on. Towards this, a team of experts visited the fields in Pomal, Kollur, Kesharavalpalli Kothapalli villages of Nawabpeta mandal in Mahabubnagar district where they examined Balanagar custard apples. Later, they examined the Balanagar custard apple varieties growing naturally in the forest areas adjacent to Kothapalli and Kalman Kalva villages in Chaudapur mandal of Vikarabad district and learned about their characteristics. The team also studied the custard apple processing plant being run by the farmers producer company in Pomal village.
 Source:  telanganatoday.com
May 08, 2025 News Image India's meat, shrimp exporters hope for new markets with India-UK FTA.
India’s animal products and processed food exporters expect a surge in demand from the South-East Asian diaspora in the United Kingdom (UK) following the signing of free trade agreement (FTA). When it comes to agricultural imports, traders expect an uninterrupted flow of scotch, lamb, sweet products, and salmon into India.
 Source:  business-standard.com
May 08, 2025 News Image Malaysia eyes alternative rice supply.
The government has not ruled out the possibility of increasing rice imports from several regional countries following the ongoing conflict involving India and Pakistan, says Datuk Seri Mohamad Sabu (pic). The Agriculture and Food Security Minister said the turmoil in both countries is expected to affect Malaysia’s rice import supply.
 Source:  asianews.network
May 08, 2025 News Image India-Australia: Strengthening Supply Chains in a Disrupted World.
The resurgence of protectionist policies has redefined global trade landscapes. The tariff regimes introduced by the Trump administration—25 percent on Canadian and Mexican imports, 10 percent on Chinese goods, and restrictions on Canadian energy exports—have triggered retaliatory measures. China imposed counter-tariffs on the United States (US) agricultural and aviation exports, while Canada and Mexico responded with tariffs and non-tariff barriers. These trade wars have increased costs across industries—from perishables and metals to energy and intermediaries—adding inflationary pressures across economies. The result is a global reconfiguration of supply chains, compelling businesses to seek alternative trade routes and sourcing strategies.
 Source:  orfonline.org
May 08, 2025 News Image FSSAI empowers consumers to report misleading claims on food products.
The Food Safety and Standards Authority of India (FSSAI), has introduced a new digital utility that enables consumers to directly report misleading claims made on food product labels. Consumers can now lodge complaints regarding misleading or false claims displayed on packaged food items through the Food Safety Connect mobile application or via Food Safety Compliance System (FoSCoS – https://foscos.fssai.gov.in). This initiative is part of FSSAI’s ongoing efforts to promote transparency, protect consumer rights and strengthen food safety regulations in the country.
 Source:  fnbnews.com