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India pushes rice exports to Philippines, world’s largest importer of the grain
Economic Times
·
2d ago
Medial
India is actively pursuing opportunities to boost rice exports to the Philippines, the world’s largest rice importer. Despite being the top global rice exporter, India accounts for a small fraction of the Philippine rice market. To enhance trade, a delegation of exporters will visit the Philippines, and Filipino importers will attend trade fairs in India. This initiative aims to tap into the substantial, yet underutilized market potential between the two countries.
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Related News
The thorny side of India’s newly won rice crown
Livemint
·
2m ago
Medial
India recently became the world’s largest rice producer, overtaking China. However, this achievement has impacted the production of pulses and oilseeds, leading India to rely heavily on imports for these crops. In the fiscal year 2025, India imported ₹46,428 crore worth of pulses, marking a 49% year-on-year increase. This shift highlights the growing dependency on imports for dietary essentials as rice production dominates agricultural priorities.
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India pushes technology, fintech & startup partnership with Philippines
Economic Times
·
1y ago
Medial
India has launched the first India-Philippine Tech Summit (IPTS) to enhance tech and digital partnerships with the Philippines. The summit aimed to bring Indian entrepreneurs and their success stories in the digital space to the Philippines, providing opportunities for networking and exploring partnerships in various sectors. The event was organized by the Philippines Chamber of Commerce and Industry, the Department of Information and Communications Technology (DICT), India's Ministry of Electronics and Information Technology, and the Federation of Indian Chambers of Commerce and Industry. The Philippines has become an important partner for India in Southeast Asia in sectors like defense, maritime security, and investments.
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'Pact driving up almond and machinery exports from South Australia'
Economic Times
·
2m ago
Medial
Since the India-Australia Economic Cooperation and Trade Agreement (ECTA) began on December 29, 2022, South Australia has seen increased exports to India, particularly in almonds, horticultural products, machinery, and citrus fruits. Almond exports rose 124% to AUD 21.5 million, while wine exports grew 23% to AUD 8.6 million. Indian exports to Australia, including rice and vehicles, also surged. Ongoing negotiations for a Comprehensive Economic Cooperation Agreement (CECA) aim to further enhance bilateral trade.
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China Plus One: Economic Survey Pushes For Increasing FDI From China In India
Inc42
·
1y ago
Medial
The Survey suggests that India has two options to take advantage of the emerging trend: either integrate into China's supply chain or encourage foreign direct investment (FDI) from China. The report focuses on India's electronic exports, particularly mobile phones, which have experienced significant growth. It highlights the potential benefits of India capitalizing on the shift away from China and emphasizes the growth in the country's manufacturing exports.
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Apple to source, produce all its mobile phones in India in years to come: Scindia
Economic Times
·
3m ago
Medial
Union telecom minister Jyotiraditya Scindia highlighted Apple's strategy to source and produce all its mobile phones in India, driven by economic advantages. Apple plans to supply most iPhones sold in the U.S. from India, while China will cater to other markets. Scindia emphasized the telecom sector's growth due to production-linked incentives, with Rs 4,000 crore investments creating significant exports and jobs. India has transitioned from a mobile phone importer to a key producer and exporter.
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India’s trade deficit hits $22.99 billion in January; Trade Secretary says exports strong
Business Today
·
6m ago
Medial
In January 2025, India's trade deficit reached $22.99 billion, up from $21.94 billion in December. The cumulative trade deficit for April-January was $87.47 billion, surpassing the previous year's $70.06 billion. Merchandise exports and imports were $36.43 billion and $59.42 billion respectively. Overall exports grew by 7.21% during April-January, with significant increases in rice (44.61%) and gems/jewellery (15.9%). The Union Budget emphasized boosting exports, focusing on new exporters, markets, and innovative products.
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Maruti Suzuki eyes 3 lakh exports in FY25, 8 lakh by 2030: CEO Rahul Bharti
Livemint
·
1y ago
Medial
Maruti Suzuki India is confident in surpassing 300,000 units in overseas shipments for FY25. The company plans to introduce more models in its export markets and strengthen its distribution network. Maruti Suzuki aims to scale up drastically and reach up to 800,000 units by 2030. The company's strategy aligns with the Indian government's vision to boost exports. Maruti Suzuki achieved a historic milestone in exports in FY24, reaching 283,067 units. The key export destinations for the company include South Africa, Saudi Arabia, Chile, Mexico, the Philippines, Indonesia, and Ivory Coast.
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US pushes Vietnam to decouple from Chinese tech, sources say
Economic Times
·
2m ago
Medial
The United States is urging Vietnam to reduce reliance on Chinese technology in its manufacturing, especially for exports to the U.S. The aim is to decouple from Chinese high-tech, boosting Vietnam's industrial capacity. This follows discussions amidst threats of tariffs on Vietnam exports. Vietnam assembles products for major tech firms like Apple and Samsung, often using Chinese components. While Vietnam is willing, full restructuring faces challenges, needing time for development and potential economic impacts.
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14 Defence Tech Startups Fuelling The ‘Make In India’ Drive In Defence
Inc42
·
10m ago
Medial
India's defence tech ecosystem is fostering innovation through the use of emerging technologies such as AI and unmanned systems. Initiatives like the Defence Ministry's iDEX and Technology Development Fund are supporting defence startups by providing grants and collaboration opportunities. As India is the largest arms importer globally, the growth of indigenous defence tech startups could potentially reduce this dependency on imports.
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India’s mango exports hit $60 mn
Inshorts
·
2m ago
Medial
In FY 2023–24, India exported over 32,000 tonnes of mangoes worth $60.1 million, the highest in five years. With top buyers like the US, UAE, and UK, Indian mangoes are now flying and sailing abroad. India is the world’s largest mango producer, contributing about 40-50% of global output.
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