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May 19, 2025 News Image Value-added products drive Heritage Foods profits in 2024-25.
Heritage Foods has registered its highest-ever quarterly revenues in the fourth quarter of 2024-25. It achieved Rs.1,000 crore revenue in the March quarter. Its annual revenues was also a record high. Brahmani Nara, Executive Director of Heritage Foods, said that the company registered a revenue of Rs.4,134.6 crore in the financial year 2024-25.
 Source:  thehindubusinessline.com
May 19, 2025 News Image TN minister TRB Rajaa meets Indian envoy in Vietnam to strengthen bilateral trade ties.
In a strategic move to enhance Tamil Nadu's global economic footprint, State Minister for Industries, Investment Promotions and Commerce, TRB Rajaa, met with the Indian Ambassador to Vietnam, Sandeep Arya, in Hanoi on Saturday. The meeting focused on deepening trade relations and industrial cooperation between Tamil Nadu and Vietnam.
 Source:  dtnext.in
May 19, 2025 News Image Pulses import value drops 23.5% to $314 million during April on fall in purchase of yellow peas, lentils.
After a record imports last fiscal, India’s overseas purchase of pulses are likely to slow down in the current year. In April 2025, the import value of pulses declined by 23.5 per cent on sharp fall in imports of yellow peas and lentils over the corresponding period last year. As per the Commerce Ministry’s quick estimates, the pulses imports in value terms declined to $314.4 million during April, over same period last year’s $411 million.
 Source:  thehindubusinessline.com
May 19, 2025 News Image Port restriction on import of certain goods from Bangladesh to India.
The Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, has issued a notification imposing port restrictions on the import of certain goods such as Readymade garments, processed food items etc., from Bangladesh to India. However, such said port restriction will not apply to Bangladesh goods transiting through India but destined for Nepal and Bhutan.
 Source:  pib.gov.in
May 19, 2025 News Image India, EU conclude 11th round of FTA talks, likely to agree on deal in two phases.
India and the European Union have concluded the 11th round of negotiations on their proposed Free Trade Agreement (FTA), reportedly agreeing to pursue a two-stage approach to finalise the deal, an official source, quoted by news agency PTI confirmed on Sunday.'The 11th round of talks concluded on May 16,' the official said, quoted by news agency PTI.
 Source:  timesofindia.indiatimes.com
May 19, 2025 News Image Nepal: Exports to India from Belahiya rise.
The country's export trade has seen significant improvement in the past three years through the Belahiya border crossing in Rupandehi. Although the Bhairahawa Customs Office has not been able to collect the revenue as per the target, there has been an improvement in exports.
 Source:  risingnepaldaily.com
May 19, 2025 News Image India climbs the Great Wall to emerge as world’s top rice producer.
This is another new normal from India. It has emerged as the world’s largest producer of rice, with its output in the 2024-25 season to June estimated at over 149 million tonnes (mt). India has been able to achieve this, thanks to the efforts of agricultural scientists and some States’ continued incentives for the paddy crop.
 Source:  thehindubusinessline.com
May 19, 2025 News Image Govt developing platform for online submission of documents in trade remedy probes.
The government is developing a digital platform to enable the electronic submission of documents in trade remedy investigations with a view to further promoting transparency, efficiency, and ease of access for all stakeholders, an official statement said on Saturday. These investigations are carried out by the commerce ministry's arm Directorate General of Trade Remedies (DGTR).
 Source:  economictimes.indiatimes.com
May 19, 2025 News Image India is now world’s fourth largest marine products exporter.
India is now the fourth largest exporter of marine products, commerce and industry ministry said, with 130 countries importing Indian marine products in FY25, as against 105 in 2014-15. In 2024-25, India exported 16.85 lakh metric tonnes (LMT) of marine products from 10.51 LMT in 2014-15. Backed by advancements in aquaculture practices, better cold chain infrastructure, and adherence to international quality norms, the country’s marine exports grew to $7.2 billion in 2024-25 from $5.4 billion in FY15.
 Source:  economictimes.indiatimes.com
May 19, 2025 News Image Indian wheat procurement up 14%, near 30 million tonnes.
Wheat procurement in Punjab and Haryana concluded with lower volumes compared to last year. This decline is attributed to increased buying by private traders and processors, as well as farmers holding onto more grain. Farmers anticipate higher prices in the coming days and are also factoring in uncertainty related to the India-Pakistan conflict. Procurement will continue in other States.
 Source:  thehindubusinessline.com