India is both a leading producer and exporter of agri-food products as well as the world’s sixth largest food and grocery market. Agriculture in general, therefore, and agri-food products in particular, is key to India achieving high inclusive growth as well, generating employment and attracting investment.
Rice inventories in India surged to a record high at the start of December, reaching more than five times the government's target and potentially boosting overseas shipments from the world's biggest exporter of the staple food.
India and Portugal expressed their desire for collaboration in areas like IT, startups and innovation, renewable energy, green hydrogen, migration and mobility of youth, skilled workers, and professionals.
New Zealand is attempting to come back to the negotiating table with India to work out a bilateral free trade agreement (FTA), almost a decade after talks were abandoned by the two countries following their failure to narrow differences in some sensitive areas including dairy and agriculture, sources said.
India's exports to the United States have shown a consistent upward trend, valued at USD 77.5 billion in FY24, marking a growth rate of 10.3 per cent compounded annually (CAGR) over the last 30 years, according to a report by Bank of Baroda.
India and the EU are working towards a balanced, ambitious, comprehensive and mutually beneficial free trade agreement (FTA) and the talks need political directions to reach a commercially meaningful deal while understanding each other's sensitivities, the government said Thursday.
Today, Thursday, the penultimate sesame seed tender of this year was concluded and the full tendered quantity was distributed. The first position of 3,000 mt is divided between Nigeria (1,500 mt), Burkina Faso (900 mt) and Tanzania (600 mt), which were able to convince with bid prices of USD 1,739-1,744/mt. Indian exporters were able to secure the second position for around 1,800 mt, while Nigeria and Mozambique each contributed 900 mt. The price range here is USD 1,741-1,749/mt
India is rapidly emerging as a global hub for Global Capability Centers (GCCs), specialized operational hubs established by multinational corporations to centralize and optimize business processes. These centers, originally focused on cost-driven back-office operations, have transitioned into strategic units driving innovation, research, and high-value capabilities. Recognizing their significance, the Indian government is formulating a new umbrella policy aimed at attracting more GCCs, particularly in tier-2 and tier-3 cities, to ensure widespread economic benefits.
