MAGHAVAN Enterprises

On Tuesday, January 16, 2024, Commerce Minister Piyush Goyal said at the second meeting of the reconstituted Board of Trade held at the Bharat Mandapam in Delhi, that the Government of India has announced Trade Connect, an upcoming digital platform. Where exporters, SMEs and entrepreneurs can connect various stakeholders in international trade. He also said that the work of this platform will start very soon. The platform is expected to facilitate new and aspiring exporters, also provide information on markets, sectors, export trends, easy access to benefits under free trade agreements, and trade. According to the ministry, this platform will be ready in the next three to four months. India's Commerce Minister Piyush Goyal in his statement also said the Board of Trade meeting is an important opportunity to discuss how FTAs can be leveraged for the benefit of this issue and how MSMEs can be encouraged to go beyond our borders and start exporting, and increase exports. Talking about ...

Antunes Nadi Manufacturing India, a joint venture between US-based Antunes, a filtration systems and cooking equipment manufacturer, and Chennai-based NADI Group is expanding its India operations with a new manufacturing unit in Chennai, Tamil Nadu. And further, developing some new products and strengthening its capacity to serve the export market. The JV has decided to develop six new types of cooking equipment targeting commercial restaurants as well as water filtration systems in India. The decision to develop this new equipment is not only for the Indian market but also towards exports. India, the Middle East and Africa where plans involve additional assembly of products, local sourcing, specifically associated with filtration products and new product development. Antunes' CEO, Glenn Bullock, said the opportunity in the Indian quick service restaurant (QSR) market necessitated a 'strategic expansion' in Chennai and also to leverage Indian operations to serve some export...

The Indian government currently imposes a 50 percent export duty on molasses, a key ingredient in ethanol production. The reason for this is that this decision has been taken due to the possibility of reduction in the production of sugar and molasses in the current season. Ethanol is ethyl alcohol, also known as simple alcohol. Ethanol is produced by fermenting grain, sugarcane or sugar and molasses - anything with sufficient sugar content can be used to make alcohol. The ethanol fuel industry is tumultuous and controversial. In the United States, ethanol represents the only major initiative to convert food crops into transportation fuel. Currently, the government has imposed a 50 percent export duty on molasses, a key ingredient in ethanol production, effective January 18, according to a Finance Ministry notification. The move is primarily aimed at increasing the availability of molasses for domestic distilleries and helping meet the government's ethanol blending targets, an offic...

The Indian government currently imposes a 50 percent export duty on molasses, a key ingredient in ethanol production. The reason for this is that this decision has been taken due to the possibility of reduction in the production of sugar and molasses in the current season. Ethanol is ethyl alcohol, also known as simple alcohol. Ethanol is produced by fermenting grain, sugarcane or sugar and molasses - anything with sufficient sugar content can be used to make alcohol. The ethanol fuel industry is tumultuous and controversial. In the United States, ethanol represents the only major initiative to convert food crops into transportation fuel. Currently, the government has imposed a 50 percent export duty on molasses, a key ingredient in ethanol production, effective January 18, according to a Finance Ministry notification. The move is primarily aimed at increasing the availability of molasses for domestic distilleries and helping meet the government's ethanol blending targets, an offic...

The Indian government currently imposes a 50 percent export duty on molasses, a key ingredient in ethanol production. The reason for this is that this decision has been taken due to the possibility of reduction in the production of sugar and molasses in the current season. Ethanol is ethyl alcohol, also known as simple alcohol. Ethanol is produced by fermenting grain, sugarcane or sugar and molasses - anything with sufficient sugar content can be used to make alcohol. The ethanol fuel industry is tumultuous and controversial. In the United States, ethanol represents the only major initiative to convert food crops into transportation fuel. Currently, the government has imposed a 50 percent export duty on molasses, a key ingredient in ethanol production, effective January 18, according to a Finance Ministry notification. The move is primarily aimed at increasing the availability of molasses for domestic distilleries and helping meet the government's ethanol blending targets, an offic...

Last Saturday, India's Commerce Minister Piyush Goyal told reporters that India currently has no plans to import wheat. The country's farmers are likely to reap a bumper crop this year that will boost stocks in the world's second-largest major producer. He said, according to the ground report, wheat production has been quite good in the current year. This year's production is expected to be a record, around 114 million metric tonnes. Although India is the second largest producer of wheat in the world, in May 2022, the Indian government imposed a ban on the export of wheat. This decision was taken to control prices of foodgrains and prices in the domestic market, especially due to the impact of the Ukraine-Russia war. The government has sold around 6 million metric tonnes of wheat to local bulk buyers since June, a top official said earlier this month. The state-run Food Corporation of India has started selling grains from its warehouses. Despite the sale of wheat from w...

Last Saturday, India's Commerce Minister Piyush Goyal told reporters that India currently has no plans to import wheat. The country's farmers are likely to reap a bumper crop this year that will boost stocks in the world's second-largest major producer. He said, according to the ground report, wheat production has been quite good in the current year. This year's production is expected to be a record, around 114 million metric tonnes. Although India is the second largest producer of wheat in the world, in May 2022, the Indian government imposed a ban on the export of wheat. This decision was taken to control prices of foodgrains and prices in the domestic market, especially due to the impact of the Ukraine-Russia war. The government has sold around 6 million metric tonnes of wheat to local bulk buyers since June, a top official said earlier this month. The state-run Food Corporation of India has started selling grains from its warehouses. Despite the sale of wheat from w...

Last Saturday, India's Commerce Minister Piyush Goyal told reporters that India currently has no plans to import wheat. The country's farmers are likely to reap a bumper crop this year that will boost stocks in the world's second-largest major producer. He said, according to the ground report, wheat production has been quite good in the current year. This year's production is expected to be a record, around 114 million metric tonnes. Although India is the second largest producer of wheat in the world, in May 2022, the Indian government imposed a ban on the export of wheat. This decision was taken to control prices of foodgrains and prices in the domestic market, especially due to the impact of the Ukraine-Russia war. The government has sold around 6 million metric tonnes of wheat to local bulk buyers since June, a top official said earlier this month. The state-run Food Corporation of India has started selling grains from its warehouses. Despite the sale of wheat from w...

Last Saturday, India's Commerce Minister Piyush Goyal told reporters that India currently has no plans to import wheat. The country's farmers are likely to reap a bumper crop this year that will boost stocks in the world's second-largest major producer. He said, according to the ground report, wheat production has been quite good in the current year. This year's production is expected to be a record, around 114 million metric tonnes. Although India is the second largest producer of wheat in the world, in May 2022, the Indian government imposed a ban on the export of wheat. This decision was taken to control prices of foodgrains and prices in the domestic market, especially due to the impact of the Ukraine-Russia war. The government has sold around 6 million metric tonnes of wheat to local bulk buyers since June, a top official said earlier this month. The state-run Food Corporation of India has started selling grains from its warehouses. Despite the sale of wheat from w...

The 14th Ministerial Meeting of the India-US Trade Policy Forum (TPF) is being held on 12 January 2023 in New Delhi. US Trade Representative Catherine Aye is on a three-day visit to India for this meeting. Indian Commerce and Industry Minister Piyush Goyal and US Trade Representative Catherine will co-chair the meeting.  India's agenda for this meeting includes a number of key issues, some of which include a social security pact, US audit of Indian pharma players, etc. Other issues raised by India include visa delay, increasing exports of table grapes, pharma products and marine products such as wild fish and shrimp, and reinstatement of Generalized System of Preferences (GSP) status to India. Export control regulations for high-tech products and technology and more access for Indian mangoes to the American market, etc. But the two issues that will dominate the meeting are the Social Security Agreement and the USFDA Drug Inspection in India. Social Security or Totalization Agreemen...