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India pushes rice exports to Philippines, world’s largest importer of the grain

Economic Times

Economic Times · 29d ago

India pushes rice exports to Philippines, world’s largest importer of the grain

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.

Related News

The thorny side of India’s newly won rice crown

Livemint

Livemint · 3m ago

The thorny side of India’s newly won rice crown

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.

India pushes technology, fintech & startup partnership with Philippines

Economic Times

Economic Times · 1y ago

India pushes technology, fintech & startup partnership with Philippines

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.

'Pact driving up almond and machinery exports from South Australia'

Economic Times

Economic Times · 3m ago

'Pact driving up almond and machinery exports from South Australia'

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.

India poised to export sugar in new season due to ample stocks

Economic Times

Economic Times · 17d ago

India poised to export sugar in new season due to ample stocks

India, the world’s second-largest sugar producer, is set to export sugar in the new season starting October 1, due to ample stocks. Government official Ashwini Srivastava confirmed sufficient surplus after meeting domestic needs and ethanol production requirements. Indian sugar exports could affect global prices, but help stabilize local prices and ensure farmers receive guaranteed prices for their cane. The new season's sugar production is projected to increase, while domestic consumption is expected to rise slightly.

China Plus One: Economic Survey Pushes For Increasing FDI From China In India

Inc42 · 1y ago

China Plus One: Economic Survey Pushes For Increasing FDI From China In India

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.

Apple to source, produce all its mobile phones in India in years to come: Scindia

Economic Times

Economic Times · 4m ago

Apple to source, produce all its mobile phones in India in years to come: Scindia

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.

India’s trade deficit hits $22.99 billion in January; Trade Secretary says exports strong

Business Today

Business Today · 7m ago

India’s trade deficit hits $22.99 billion in January; Trade Secretary says exports strong

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.

Maruti Suzuki eyes 3 lakh exports in FY25, 8 lakh by 2030: CEO Rahul Bharti

Livemint

Livemint · 1y ago

Maruti Suzuki eyes 3 lakh exports in FY25, 8 lakh by 2030: CEO Rahul Bharti

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.

US pushes Vietnam to decouple from Chinese tech, sources say

Economic Times

Economic Times · 3m ago

US pushes Vietnam to decouple from Chinese tech, sources say

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.

14 Defence Tech Startups Fuelling The ‘Make In India’ Drive In Defence

Inc42 · 11m ago

14 Defence Tech Startups Fuelling The ‘Make In India’ Drive In Defence

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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