Ministry of Food Processing Industries (MoFPI) has been implementing Mega Food Park (MFP) Scheme, a component scheme under the Pradhan Mantri Kisan Sampada Yojana (PMKSY), to create modern infrastructure for the food processing sector along the value chain from farm to market. The MFP scheme has been discontinued by the Government with effect from 01.04.2021 with provision for committed liabilities for ongoing projects.

The interim administration of Bangladesh has urged rice importers to bring in and distribute 3.92 lakh tons of rice by December 22, 2024, to aid in stabilizing the nation’s rice market. 

Nagaland State Export Summit 2024 organised by Department of Industries & Commerce focused on One District One Product (ODOP), boosting the economy of each district, with focus on product enhancement support, E-commerce on-boarding, boosting domestic trade, Export promotion, B2B facilitation.

India is poised to achieve record sugar production in the next marketing year, supported by increased cane cultivation and favorable water availability in key regions. After two years of export restrictions due to drought, the rebound may allow the world's second-largest producer to resume exports in 2025/26.

The Rajasthan Export Promotion Policy aims to increase goods exports to Rs 1.5 trillion by 2029, an official of the state industries department has said.  

Despite record production and ample stocks, the Philippines is expected to import a record volume of rice in the 2024-2025 crop year, according to a report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture.

India along with three other nations are opposing the China-led plurilateral Investment Facilitation for Development (IFD) agreement which seeks to put in place a pre-investment review or appeal system through an independent body to screen all investments.

During the India-Norway Business Forum in Mumbai, Norway reaffirmed its commitment to the India-EFTA TEPA, a free trade pact to strengthen economic ties. Signed on 10 March this year, the agreement awaits ratification by EFTA’s four member countries to become operational. Norway’s ambassador to India, May-Elin Stener, termed TEPA a significant milestone and outlined its potential to elevate bilateral trade and investment, focusing on sectors like renewable energy, maritime industries, and sustainability.

India and the European Union on Tuesday agreed to hold the first-ever ministerial strategic foreign policy dialogue soon to jointly navigate an array of critical challenges including geo-political tensions and Chinese belligerence in the Indo-Pacific and beyond.