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Jun 06, 2025 News Image India, Italy back stronger trade ties, eye boost through IMEEC corridor.
India and Italy reaffirmed their commitment to deepening economic ties, with a strong focus on enhancing trade, joint ventures and connectivity through the India-Middle East-Europe Economic Corridor (IMEEC). In a joint press conference held during Union Commerce and Industry Minister Piyush Goyal’s visit to Italy, the country’s Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation, Antonio Tajani, said there is 'huge scope' for boosting India–EU trade through the potential offered by IMEEC.
 Source:  cnbctv18.com
Jun 06, 2025 News Image Jaishankar calls for deeper trade ties with Central Asian nations.
External Affairs Minister S Jaishankar met his counterparts from Turkmenistan, Kazakhstan, Tajikistan and the Kyrgyz Republic here on Thursday and discussed ways to further boost India’s cooperation with these Central Asian countries. India is hosting the fourth edition of Central Asia Dialogue to forge a closer, wider and stronger partnership with the region, the Ministry of External Affairs said.
 Source:  indianexpress.com
Jun 06, 2025 News Image Indian tea prices rise 18% as demand surges from Russia, Iran, Iraq and UAE.
Indian tea prices increased 18% in the first four months of this year from a year earlier, pushed up by strong demand from markets like Russia, Iran, Iraq and the UAE. With exports demand remaining robust and consumer goods firms such as Hindustan Unilever and Tata Consumer Products stepping up purchases for the local and international markets, auctioneers and industry executives expect the prices to stay firm and shipments to top last year's levels.
 Source:  economictimes.indiatimes.com
Jun 06, 2025 News Image Govt asks select States to increase inter-state trade on e-NAM platform.
The Centre is preparing to roll out e-NAM 2.0, and States may have to make some changes in their Agricultural Produce Marketing Committee (APMC) Acts. This will be a preparatory step by the Centre to ensure that more inter-State transactions happen over the e-NAM platform. Through hand holding of States, traders are being persuaded to buy though e-NAM. However, it needs many structural reforms required by both the Centre and States to show desired results, experts said.
 Source:  thehindubusinessline.com
Jun 06, 2025 News Image Export prices for guava from India mostly stable, demand is strong.
The production and exports for guavas from India are constantly growing, according to Sourabh Jaiswal, Business Development Manager for Indian produce exporter KK Star: 'Our guava production has continued its steady growth. This means that overall, guava cultivation has increased, and this year's output is higher than in previous years as a result. The weather is playing a mixed role this season. In southern states like Tamil Nadu and Karnataka, there was heavy rainfall from March to April, which helped maintain good soil moisture for guava crops. On the other hand, some central regions such as Madhya Pradesh faced a shortage of rain, which put stress on the plants and could affect the final yields. Weather unpredictability remains a challenge for growers.'
 Source:  freshplaza.com
Jun 06, 2025 News Image Held 3 meetings in 35 days with EU trade commissioner to push FTA talks: Goyal.
Commerce and Industry Minister Piyush Goyal has held three meetings within a short span of 35 days with the European Commissioner for Trade Maros Sefcovic with an aim to give an impetus to the reposed negotiations for a free trade agreement. Goyal said on Thursday that India has already signed similar agreements with four-European nation bloc EFTA and the UK.
 Source:  economictimes.indiatimes.com
Jun 06, 2025 News Image EU, India will beat expectations by wrapping up FTA talks early: Piyush Goyal.
India and the EU will beat the expectations of their leaders and are trying to conclude the Free Trade Agreement (FTA) talks ahead of the year-end deadline, commerce and industry minister Piyush Goyal said Thursday. In February this year, Prime Minister Narendra Modi and European Union Chief Ursula von der Leyen announced that the India-EU FTA will be reached by the end of 2025.
 Source:  economictimes.indiatimes.com
Jun 06, 2025 News Image Corporates start procuring agri products directly from FPOs, bypassing mandis.
In a new initiative aimed at streamlining agricultural trade and increasing farmer incomes, corporates have begun directly procuring agricultural produce from farmer producer organisations (FPOs). This development follows the government’s recent strategy of hosting weekly webinars to connect FPOs with major companies. Many FPOs were previously unaware of the possibility of selling their produce directly to companies. The government is optimistic that if these linkages are successfully established, positive results will be seen within a year or two.
 Source:  thehindubusinessline.com
Jun 05, 2025 News Image US-India nearing trade deal as talks progress, commerce secretary says.
Trade negotiations between the United States and India are making progress and a deal could be finalised soon, U.S. Commerce Secretary Howard Lutnick said on Monday, as both sides push to conclude talks ahead of a July deadline. 'You should expect a deal between United States and India (in the ) not-too-distant future because I think we have found a place that really works for both countries,' Lutnick said at the annual summit of the US-India Strategic Partnership Forum in Washington.
 Source:  reuters.com
Jun 05, 2025 News Image Union Agriculture Minister Shri Shivraj Singh Chouhan participates in ‘National Agro-RE Summit 2025’.
Union Minister of Agriculture and Farmers Welfare Shri Shivraj Singh Chouhan attended the National Agriculture-Renewable Energy Conference 2025 organised by the National Solar Energy Federation of India (NSEFI) in New Delhi today. On this occasion, he released the federation’s report and annual reference book on agriculture and renewable energy. The conference was organised to push for dialogue and collaboration among policymakers, experts, and farmers regarding the integration of renewable energy in the agriculture sector.
 Source:  pib.gov.in