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10 Feb, 2023
India focused on bolstering ties with Middle East.
India, which is fast emerging as a dominant force in the rapidly evolving global geopolitical scene, is focused on bolstering relations with the Middle East.
The reasoning behind this push is simple; firstly, the Arab world and the Middle East’s strategic and economic importance cannot be ignored, and secondly, India, which is increasingly being recognized as a global leader, cannot be exclusionary in its outlook and approach.
Egypt also called the 'gateway to Africa,' is a dual-layered opportunity and prospect for India. And India, being one of the biggest economies and consumers in the world, can cater to the market needs of Egypt.
Both countries have acknowledged that their symbiotic relationship could be of great significance to their people. They have agreed to elevate the terms of their engagement to a ‘strategic partnership’.
'We have decided to elevate our bilateral relations with Egypt to a strategic partnership. We have decided that under India-Egypt Strategic Partnership we will develop a long-term framework for greater cooperation in the fields of politics, security, economics, and science,' said Prime Minister Narendra Modi, when President of Egypt, Abdel Fattah El Sisi recently visited New Delhi.
The bilateral trade between India and Egypt has experienced a boom in recent years, so much so that even the pandemic could not hamper its expansion. As per the Indian embassy in Cairo, the trade between the two countries amounted to USD 7.26 billion in 2021-22. This was 75 per cent more than the previous year.
India exported goods and merchandise worth USD 3.74 billion in this period, registering a 65 per cent increase compared with Financial Year 2020-2021.
According to the data of the Ministry of External Affairs (India), some 50 Indian companies, including the renowned Mahindra, Godrej, and Dabur India, have invested in Egypt, with combined receipts of USD 3.15 billion.
As per the Indian embassy in Cairo, 61,500 metric tonnes of wheat were cleared for Egypt by India in May of last year.
While trade has been a dominant aspect of Indian foreign policy, what sets Egypt apart from other Arab countries where religious prejudices have often trumped rationale, is its moderate and measured voice.
New Delhi and Cairo have also committed to jointly combating the menace of terrorism.
'We spoke about fighting terrorism and extremist mindsets and discussed ideal ways to deal with it. We share a common viewpoint that we can together end violence because violence, terrorism, and extremism are a huge threat,' said El SiSi when he visited India.
Several experts have opined that a collective Arab world position on terrorism and its perpetrators could strengthen India’s case against the terror-export hub of Pakistan.
Diplomacy and trade will play a key role in the course ahead.
Egypt could be of great significance to India, for both its political and strategic needs, and also to deepen and strengthen its presence in Africa.
For now, Egypt and India have set out on a voyage that will resurrect the ancient past when India and Egypt were the cradles of technically advanced civilisations and the envy of the world.
Source:
theprint.in
10 Feb, 2023
Mango growers take to guava in Kangra district.
Lower hills of Kangra district, especially Nurpur subdivision, which are famous for the production of citrus fruit, mango and litchi, are likely to get an identity for quality guava production in coming years. A number of fruit growers have started growing guava in their orchards with technical and financial support from the state Horticulture Department.
Under the Integrated Horticulture Development Mission (IHDM), the Horticulture Department has procured 3,335 saplings of two advanced varieties of guava (Shweta and VNR) from Lucknow and provided these to progressive fruit growers in Pandrer and Loharpura gram panchayats under Nurpur horticulture block. Crop diversification with guava cultivation is being considered a big boost for farm production in this sub-tropical zone.
These growers have started guava cultivation in their orchards with technical know-how from field experts of the Horticulture Department. As per information, the VNR and Shweta varieties of guava have been grown on 52 kanals in orchards of progressive growers. Besides having animal-proof composite fencing in these orchards, drip irrigation facilities have been provided from a check dam to the storage tank of one lakh litres capacity and two drips have been ensured for each guava plant.
According to Kamal Sen Negi, Deputy Director, Horticulture, Kangra, guava orchards have been prepared in an organic way and growers will get two crops in a year. 'The growers will get quality fruit yield after five years. Every grower will earn on an average Rs 50,000 per one kanal of crop from his orchard,' he adds. Fruit grower Harbans Singh of Pandrer says that he has diversified to guava cultivation following motivation and technical guidance from Horticulture Department experts, who had visited his orchard and provided him scientific know-how.
Under the IHDM, growers have to spend 25 per cent input cost of the guava orchard. To ensure effective field management of the orchard, the horticulture experts have suggested high density plantation with advanced technology by growing 67 plants in one kanal.
Horticulture Minister Jagat Singh Negi, who recently visited the guava orchard in Pandrer village, has appreciated the collective efforts of the Horticulture Department and fruit growers.
Crop to be ready in two years
As many as 3,335 saplings of two advanced varieties of guava have been provided to fruit growers in Pandrer and Loharpura gram panchayats in Nurpur horticulture block
These varieties have been grown on 52 kanals in orchards of progressive growers in the area
Deputy Director, Horticulture, Kangra, says guava orchards will start giving fruit in next two years
Source:
tribuneindia.com
10 Feb, 2023
Sugar exports at 2.7 mn tonnes in FY23 so far; Bangladesh top market: AISTA.
India has exported 27.83 lakh tonnes of sugar till February 9 of the ongoing 2022-23 marketing year, with Bangladesh and Indonesia being the top markets, trade body AISTA said on Thursday.
Among other nations, India has exported 2.47 lakh tonnes of the sweetener to Djibouti, 2.46 lakh tonnes to Somalia and 2.06 lakh tonnes to the UAE during October-February 9 of the current marketing year, the All India Sugar Trade Association (AISTA) said in a statement.
The sugar marketing year runs from October to September. The government has allowed export of 60 lakh tonnes till May of the 2022-23 marketing year.
According to AISTA, mills have exported a total of 27,83,536 tonnes of sugar from October 1, 2022 to February 9 this year.
About 4.24 lakh tonne is under loading, while 3.79 lakh tonne of sugar has been delivered to refineries, considered to be deemed export in the said period, it added.
Sugar exports from India, the world's major sugar producing nation, stood at 112 lakh tonnes in the 2021-22 marketing year.
As per AISTA's initial projections, sugar output will be lower at 35.8 million tonnes during the 2022-23 marketing year, from a record 36.5 million tonnes in the previous year.
Source:
business-standard.com
10 Feb, 2023
National Logistics Policy will boost Indian goods export : AP Governor.
The National Logistics Policy announced by the government is expected to propel the Indian business sector to a greater height, by facilitating the quick export of Indian goods, said Governor Biswa Bhusan Harichandan, congratulating Andhra Pradesh for excelling in the Ease of Doing Business Rankings for the year 2020-21.
Participating as Chief Guest at the National Business Excellence Awards presentation programme here on Saturday, Governor Biswa Bhusan said that the achievement is proof of the business-friendly environment offered by the State.
The Governor said that the state is known as the ‘Rice Bowl of India’ and growth of the State is mainly driven by agriculture, industry, and service sectors. The Global India Business Forum can promote industrial investment in the State by showcasing business opportunities available to prospective investors from across borders, said the Governor.
Source:
newindianexpress.com
09 Feb, 2023
India-Pakistan trade stood at USD 1.35 billion during April-December 2022.
The bilateral trade between India and Pakistan has increased to USD 1.35 billion during April-December 2022 as against USD 516.36 million in the whole 2021-22, Parliament was informed on Wednesday. Similarly, the country's trade with China has aggregated at about USD 87 billion during the nine-month period of this fiscal, according to the data provided by Minister of State for Commerce and Industry Anupriya Patel in a written reply to the Lok Sabha.
In 2019, Pakistan suspended bilateral trade with India after New Delhi revoked the special status of Jammu and Kashmir.
The trade with Pakistan stood at USD 329.26 million in 2020-21 and USD 830.58 million in 2019-20, the data showed.
'The government continues to engage pro-actively with SAARC countries to strengthen trade and economic relations. Issues impacting bilateral trade raised by these countries are taken up for an early resolution,' she said.
Replying to a separate question on foreign trade data, the minister said that the data are released in three stages -- press release (15th day of the following month); provisional data for 168 principal commodities (25th day of the following month) and the final data on the 45th day of the following month.
She said that the efforts at ensuring data availability with minimal discrepancies is a continuous process.
'The Department of Commerce has taken note of media reports on data discrepancies,' she added.
Source:
economictimes.indiatimes.com
09 Feb, 2023
J&K Govt launches project to promote sustainable agriculture with focus on organic farming.
The Jammu and Kashmir government has initiated a vital programme to support its farmers and promote sustainable agriculture in the Union Territory.
With a growing concern for health and an increasing demand for organic food, the government is investing in a project that will boost organic food production and increase economic returns for farmers in the UT. This is a part of the government's larger efforts to create a safer, cleaner and more sustainable environment for agriculture and food production in the region.
The government has kept a budget of Rs 84 crore to support the program over the next five years. This initiative is part of a larger effort to promote sustainable agriculture, commercial agriculture and healthy food production. The project envisages creation of over 12600 jobs and 300 enterprises in the organic agri-sector.
The program included a range of interventions to support organic farming such as expanding organic cultivation in a cluster approach, producing and recycling bio-inputs, facilitating certification and marketing and providing training and capacity building for farmers. The project aims to create six to seven organic clusters per district, covering a total of 2000 hectare of land. Additionally, it aims to convert another 2000 hectare into organic production, including niche crops and default organic areas. The program will also provide training to 10,000 farmer families in organic farming and establish 200 commercial and 3000 low-cost vermicompost units and 100 Integrated Organic Farming System Units. Besides, two Bio-Input Production Units will also be set up to supply organic inputs for the production clusters.
The project will have a number of positive outcomes which will further fuel growth in organic production within J&K, including development of trained manpower and a package of practices suited to the region, dedicated bio-input production facilities, certification and branding facilities and an organic value/market chain.', said Atal Dulloo, Additional Chief Secretary (ACS), Agriculture Production Department.
'J&K has a number of remote areas where very little chemical use is being undertaken in Agriculture. Moreover, the farmers in these areas are usually marginal and economically weak. By promoting organic cultivation, the livelihood of these farmers will be secured and their returns significantly improved.', he added.
'Alternate Agriculture System for Sustainability' is one among the 29 projects, which were approved by the Jammu and Kashmir administration after being recommended by the UT Level Apex Committee for holistic development of Agriculture and allied sectors in UT of J&K. The prestigious committee is being headed by Dr Mangala Rai, Former DG ICAR and has other luminaries in the field of Agriculture, Planning, Statistics and Administration like Ashok Dalwai, CEO NRAA, Dr. P. K Joshi, Secretary, NAAS, Dr. Prabhat Kumar, Horticulture Commissioner MOA & FW, Dr. H. S Gupta, Former Director, IARI, Atal Dulloo, ACS, Agriculture Production Department apart from the Vice Chancellors of the twin Agriculture Universities of the UT.
One of the main goals of the project is to expand the area under certified organic cultivation to 4000 hectares, involving 10,000 farmer families. The program aims to promote organic farming and provide farmers with knowledge about organic input production and resource recycling, as well as help them obtain certification for their produce, fetching a premium price in the process. The program will also help build the capacity of scientists, extension workers, and farmers.
The program will garner support from a number of stakeholders including participatory farmers, certification organizations such as NCOF, APEDA, NPOP and PKVY, organic entrepreneurs for bio-input production and SHG/FPOs/CIGs for effective marketing.
In a nutshell, the project on Alternate Agriculture System launched by the J&K government is a major step forward in promoting sustainable agriculture and supporting the economic well-being of farmers in the region. By promoting organic farming and creating a value chain for organic produce, the program will not only help create a clean and safe production ecosystem, but also make a significant contribution to the state's GDP. This project is expected to bring about a major transformation in the agriculture sector in J&K, providing farmers with a sustainable source of livelihood for years to come
Source:
risingkashmir.com
09 Feb, 2023
Indian milk production goes up by 51% in 8 years.
India, which has emerged as the highest milk producer in the world, has seen a 51 per cent increase in milk production during the last eight years.
Replying to a question in Lok Sabha on Tuesday, Parshottam Rupala, Union Minister for Fisheries, Animal Husbandry and Dairying, said the milk production in the country increased from 146.31 million tonnes (mt) in 2014-15 to 221.06 mt in 2021-22, recording a growth of 51.06 per cent.
However, the overall production in the world went up by 14.72 per cent during that period. World milk production increased to 918.16 mt in 2021-22 from 800.33 mt in 2014-15.
Referring to the production data of Food and Agriculture Organization Corporate Statistical Database (FAOSTAT), he said India is the highest milk producer. India’s share in the total milk production in the world was at 24.08 per cent in 2021-22. India’s share in global milk production was at 18.28 per cent in 2014-15.
Price up
Along with milk production, the price of the commodity has also gone up by more than 10 per cent for a common consumer in the country in the last three years.
The average price of the toned milk went up from Rs.42.29 a litre in 2020-21 to Rs.48.49 a litre in 2022-23, recording a growth of 14.12 per cent. The average price of double toned milk increased from Rs.38.62 a litre in 2020-21 to Rs.43.91 a litre, recording a growth of 13.70 per cent. The average price of full cream milk increased from Rs.52.83 a litre in 2020-21 to Rs.58.16 a litre, recording a growth of 10.09 per cent.
Rupala said the Department of Animal Husbandry and Dairying does not regulate the procurement and sale prices of milk in the country. Prices are decided by the cooperative and private dairies based on their cost of production and in general, by market forces. He said the department reviews and monitors the milk situation in the country on a regular basis.
Source:
thehindubusinessline.com
09 Feb, 2023
Products with export potential identified from all 765 districts of the country under the One District One Product- Districts as Export Hubs (ODOP-DEH) initiative.
Under the ODOP- Districts as Export Hubs initiative, products with export potential have been identified from all 765 districts of the country, the Minister of State for Commerce and Industry, Shri Som Parkash said in reply to a parliamentary question today. One District One Product - Districts as Export Hubs Initiative (ODOP - DEH) is not a scheme but rather an initiative aimed at fostering balanced regional development across all districts of the country. The idea is to select, brand, and promote one product from each district (One District – One Product) of the country for enabling holistic socioeconomic growth across all regions.? ODOP has been merged with ‘Districts as Export Hubs Initiative’ being run by the Department of Commerce (DoC) with Department for Promotion of Industry and Internal Trade (DPIIT) as a major stakeholder.
Under the ODOP-‘Districts as Export Hubs initiative, products have been identified from all 36 districts from the State of Maharashtra.
ODOP-Districts as Export Hubs initiative is working with manufacturers/producers across districts along verticals like design, production, manufacturing, packaging, and market creation to boost sales both in the domestic as well as international market.
ODOP has been merged with ‘Districts as Export Hubs Initiative’ (DEH) being run by the Department of Commerce (DoC) with Department for Promotion of Industry and Internal Trade (DPIIT) as a major stakeholder. DEH Initiative highlights the need to channelize the potential and diverse identity in each district of the country to make them export hubs. DoC through Directorate General of Foreign Trade (DGFT) has been working with the States/UTs and the districts directly to create institutional mechanisms to facilitate exports of identified products/services from the districts. Under this initiative, products and services with export potential have been identified in 734 districts of the country in consultation with all the stakeholders including the States/UTs.
Districts Export Action Plans have been prepared for identified products and services for overseas markets, which includes specific actions required to support local exporters / manufacturers in producing/manufacturing identified products in adequate quantity and with the requisite quality, for reaching potential buyers outside India. The aim is to benefit both producers and manufacturers by addressing challenges for exports of such identified products/services, identifying infrastructural bottlenecks, supply chain gaps, improving market accessibility and handholding for increasing exports.
Through DEH initiative, Government of India is significantly increasing the manufacturing and exports from urban areas while focusing on generating interest and economic activity in the rural hinterland to push new businesses to export.
As ODOP-Districts as Export Hubs is not a scheme, there is no financial assistance provided.
Engagement with Indian Embassies: Facilitated the procurement of ODOP products by multiple Indian Embassies for gifting and placement including the Indian Embassy in Croatia, Nigeria, Argentina, etc.
Export Training Workshop: The ODOP-DEH Initiative in collaboration with the Department of Post organized the first Export Training Workshop on 11th January 2023. 160+ exports from 5 States (Kerala, Tamil Nadu, West Bengal, J&K, and Meghalaya) participated. Training workshop was conducted for using the Dak Ghar Niryat Kendra portal. Training included basic requirements for exports along with major market opportunities.
Lakadong Turmeric, West Jaintia Hills, Meghalaya - Facilitated a consignment of 30 tonnes of Lakadong Turmeric from Shillong, Meghalaya in February 2022.
Indo-Japan Mango Festival, Tokyo, Japan -As a result of sustained efforts by the Embassy of India, Tokyo, Japan, and?the Agricultural & Processed Food Products Export Development Authority?(APEDA) - trade promotion for Indian mangoes in Japan has been undertaken under two editions of 'Mango Festival of India in Tokyo, Japan'. A key achievement of the same is the launch of aromatic, delicious, and nutritious Indian Mangoes in 127 convenience stores of Lawson (29th March 2022) and in the wholesale markets of Nishikasai and Akita Prefecture (28th March 2022).
Walnuts, Budgam, Jammu & Kashmir (26th September 2021) – Initiative in partnership with JKTPO facilitated import substitution of over 2000 KGs of walnuts from Budgam, Kashmir to Bangalore, Karnataka on 26th September 2021.
Sui Dhaaga: India-Russia Buyer Seller Meet for Textile Products (22nd September 2021) - Initiative in partnership with the Embassy of India, Moscow held a buyer-seller meet on textile products focussing on rayon and polyester.
Multiple ODOP products were displayed at the World Economic Forum held from January 2023 at Davos in Switzerland.
ODOP also showcased and supported the celebration of the International Day of Yoga (IDY) at the at Times Square in New York on June 21, 2022 in collaboration with the Consulate General of India, New York.
Source:
pib.gov.in
09 Feb, 2023
Basmati exports increase as Iran, Saudi, UAE make 50% of total shipments.
India’s basmati rice exports surged 17 per cent in volume during the first three quarters of the current fiscal, while exporters are earning at least 20 per cent more on average in overseas markets as Iran, Saudi Arabia, and the UAE together bought half of India’s total shipments of the aromatic rice.
According to the latest data from the Agricultural and Processed Food Products Export Development Authority (APEDA), the shipments of basmati rice increased to 3.2 million tonnes (mt) in April–December of the current fiscal from 2.74 mt in the year-ago period. However, in terms of value, the surge was 40 per cent to $3.34 billion from $2.38 billion. Due to the depreciating rupee, the growth is even higher – 50.5 per cent - in Indian currency, at Rs.26,591 crore against Rs.17,664 crore. In fact, export realisation in basmati rice increased to $1,044 per tonne this fiscal from $868 per tonne a year ago.
Win-win for all
Prices did not increase from the average received ($1,057) in April-September, contrary to what was expected, an official said. Though traders and exporters paid record-high prices for basmati paddy this year anticipating a huge jump, it is a win-win for all stakeholders—farmers, exporters, and consumers—the official said.
Recalling the 2013-14 price spiral in basmati, an industry official said exports may not rise that high over the next two months as contracts are happening at an average of $1,100-1,200/tonne, though some are getting premiums and selling at $1,350 for limited quantities.
In 2013–14, India exported 3.76 mt of basmati worth $4.87 billion, a record high in value terms, realising an average of $1,295 per tonne. 'That was an exceptional year as Iran had bought nearly 1.5 mt of basmati from India whereas the traditional top buyer Saudi Arabia imported around 0.8 mt,' said an industry veteran who has been tracking basmati prices for the last two decades.
'The problems in Pakistan is redefining the basmati market in addition to India’s demand and supply. We are in the twilight zone,' said foreign trade policy expert S Chandrasekaran, who is also the author of a book on Basmati GI.
Normally, prices drop on higher supplies, but in the case of basmati, paddy prices witnessed an increase in October as high as 19 per cent at Rs.3,322/quintal in Haryana and then topped Rs.4,000/quintal.
Source:
thehindubusinessline.com
09 Feb, 2023
ECTA spurs farm trade.
Australia is India’s 10th largest trading partner with a total trade of $18,902.62 million, per DGCIS data of April-November.
Similarly, India is Australia’s seventh largest trading partner and the most significant part is that both economies are highly complementary and would benefit greatly as the ECTA opens new opportunities for trade diversification for businesses.
The Australia-India Economic Cooperation and Trade Agreement (ECTA) is a stepping stone and has opened up new markets for exporters and service suppliers in many sectors.
ECTA will boost India’s trade with the support of developed nations by harnessing optimal benefits through technical upgradation of Indian industry and strengthening bilateral cooperation.
Under this agreement, India is being provided 100 per cent tariff elimination by an importing country in two phases — zero duty immediately on 98.3 per cent of tariff lines amounting to 96.4 per cent of value of our exports and phasing out to zero duty on the remaining 113 tariff lines constituting 1.7 per cent of tariff lines and amounting to 3.6 per cent of India’s exports (in value terms) in five years, which will benefit the remaining products.
For Australian products, India is offering concessions mostly on raw materials and intermediates either in the form of tariff elimination, tariff reduction (TR) with or without a tariff-rate quota (TRQ). Only a few agricultural products such as oranges, mandarins, almonds, pears and cotton among others have been allowed with limited quotas.
India has provided zero duty access immediately on 40.3 per cent of its tariff lines and the remaining 30 per cent in phased manner over a period of 3, 5, 7 and 10 years. This also includes 125 tariff lines where there will be duty reduction and not elimination.
Sensitive products
India has excluded many sensitive products without offering any concession. These include milk and other dairy products, chickpea, walnuts, pistachio nuts, wheat, rice, bajra, apple, sunflowers seed oil, sugar, oil cake, gold, silver, platinum, jewellery, iron ore and most medical devices. A Mutual Recognition Agreement on organic equivalence will be signed between the countries within 12 months of agreement for trade of organic products.
In the ECTA, reduction of 150 per cent tariff over nine years for wine bottles over import prices of$5 and $15 by 25 per cent and 75 per cent based on Indian WPI for wine will be to Australia’s advantage, the world’s sixth-largest producer and the fourth-largest exporter of wines.
In the processed food sector also there is elimination of tariffs up to 50 per cent for a wide range of food products, including infant formula, certain chocolates, breakfast cereals, pasta, olive oil, protein concentrates, prepared nuts, coffees and teas. There is a 30 per cent elimination of tariff in sheep meat for Australia and currently India imports sheep meat from New Zealand.
The pact does not allow such goods through stringent rules of origin that reflect the requirement for substantial processing. Based on India’s insistence, a number of agricultural goods have the wholly obtained criteria. Moreover, wherever other rules have been used, they largely include both change in tariff classification at the level of Subheading and a minimum of 35 per cent using Build-up Formula (or 45 per cent using Build-down Formula) value addition taking the Free on Board (FOB) value of exports as the base.
India exports basmati rice, spices, miscellaneous processed items, processed fruits and juices, cereal preparations, coffee, tea, marine products, guargum, sesame seeds, non-basmati rice, etc. Overall exports to Australia grew 104.83 per cent in 2021, and agriculture exports were up 14.43 per cent in dollar terms during April-November 2023. India-Australia ECTA will spur trade between the countries.
Source:
thehindubusinessline.com
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