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May 02, 2025 News Image Comm Min's export promotion mission may have 12-point plan to push exports, help MSME exporters
The commerce ministry's Export Promotion Mission (EPM) is expected to feature up to 12 components, including easy credit schemes for MSME, e-commerce exporters, facilitation of overseas warehousing, and global branding initiatives, to tap emerging export opportunities and strengthen trade tools for small businesses, an industry official said. The Directorate General of Foreign Trade (DGFT) showed a presentation on this mission to the representatives of export promotion councils and other key stakeholders on April 30
 Source:  Economic Times
May 02, 2025 News Image India's total exports jump to record $825 bn in FY25 as services shipments rise over 13%
India's exports of goods and services hit an all-time high of USD 825 billion in 2024-25, driven by a record surge in the shipments of services that reached USD 386.5 billion in the last fiscal despite global trade headwinds, according to the commerce ministry data. Following the release of March services exports data by the RBI, the country's overall exports for 2024-25 have been revised to USD 824.9 billion from the earlier estimate of USD 820.93 billion, announced on April 15. Total exports were worth USD 778.13 billion in 2023-24.
 Source:  economictimes.com
May 02, 2025 News Image Piyush Goyal concludes historic Norway visit, focuses on strengthening trade ties
In a social media post shared on Thursday, Goyal said, Concluded my productive visit to Norway, the first by a Commerce and Industry Minister from India in over 25 years. My engagements with the political and business leadership in the country give me immense confidence that our ties are set to enter a new phase of trust and growth. During his visit, Goyal met Cecilie Myrseth, Norway's Minister of Trade and Industry. The two leaders held discussions on enhancing trade relations in line with the recently signed India-EFTA Trade and Economic Partnership Agreement (TEPA). They also explored new opportunities to boost bilateral cooperation in various sectors.
 Source:  www.livemint.com
May 02, 2025 News Image India may export up to 8 lakh tons of sugar this season: Food Secretary Sanjeev Chopra
India, the world's leading sugar producing country, may export up to 8 lakh tones of sugar, lower than the permitted quota of 10 lakh tones in the 2024-25 season ending September, a top government official said on Thursday .So far, the country has shipped 3 lakh tones of sugar and about 60,000 tones is at ports for shipment, a senior food ministry official said. Addressing a press conference, Food Secretary Sanjeev Chopra said, We will export 8 lakh tones out of the total quota permitted.
 Source:  economictimes.com
May 01, 2025 News Image Japanese Investors’ Strategic Shift To India From China And ASEAN, To Rein In Global Trade Tensions – Analysis.
China and ASEAN have always been the prime destinations for Japanese investment in Asia. But, there was a turnaround in the trajectory of investment destination with global trade tension intensifying. India emerged as the second biggest destination for Japanese investment in Asia, followed by China and ASEAN (except Singapore) in 2023 and 2024.
 Source:  eurasiareview.com
May 01, 2025 News Image To complete London trade Bridge, Piyush Goyal set to visit UK again soon.
Commerce and industry minister Piyush Goyal may travel to London again later this week in an attempt to resolve the four-five thorny issues that still remain and announce the conclusion of negotiations for the India-UK free trade agreement (FTA), people in the know of the development said. The minister was in the UK Monday and Tuesday when an announcement on the FTA was expected.
 Source:  economictimes.indiatimes.com
May 01, 2025 News Image Time to break-free from paddy for sustainable agriculture in India.
The Indian agriculture sector is at a crucial juncture. Intensive paddy cultivation has been the cornerstone of the sector for decades now, providing livelihoods for millions of people. However, this practice now poses a significant roadblock in India’s journey towards sustainability. As per the latest estimate of 2023-24, paddy cultivation in India occupies an area of 47.82 million hectares (Mha), accounting for 36 per cent of the total area under foodgrain production. It is projected that if the resource-intensive methods and the intensity of paddy production remain unchanged, then methane (CH4) and nitrous oxide (N2O) emissions from paddy cultivation could increase by 35–60 per cent, by 2030. This can be accredited to over-irrigation of paddy fields, over-application of fertilizers, and paddy residue burning.
 Source:  business-standard.com
May 01, 2025 News Image USDA Forecasts 3.9 Million Ton Drop in Indonesia's Rice Imports by 2025.
The United States Department of Agriculture (USDA) projects that Indonesia’s rice imports will fall to 800,000 tons in 2025, a drop of 3.9 million tons, as domestic rice production improves. This projection was included in the April 2025 edition of the Rice Outlook report, released on Monday, April 14. According to the USDA, Indonesia’s rice stockpile for the 2024/2025 period is expected to increase by 0.6 million tons, reaching nearly 5 million tons. This rise is attributed to a larger harvest.
 Source:  en.tempo.co
May 01, 2025 News Image Indian mangoes launched in China at the AEON Huizhou shopping center.
A milestone in India-China agricultural collaboration was achieved with the successful launch of Indian Mangoes in China at the AEON Huizhou Shopping Center store on Donghu West Road, Huicheng District. The event, held from 16:00 to 17:00, was a vibrant celebration of friendship, flavor, and fruitful trade between the two nations, offering Chinese consumers a taste of one the mangos from India.
 Source:  freshplaza.com
May 01, 2025 News Image Piyush Goyal meets Norway's foreign minister Eide, discusses India-EFTA trade pact implementation.
Commerce Minister Piyush Goyal held a bilateral meeting with the Norwegian Minister of Foreign Affairs Espen Barth Eide, where they discussed the implementation of the India-EFTA Trade and Economic Partnership Agreement. 'We discussed the implementation of the India-EFTA Trade and Economic Partnership Agreement (TEPA), strengthening bilateral ties, and boosting trade and investment between our nations,' Piyush Goyal wrote on X after the meeting.
 Source:  economictimes.indiatimes.com