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Piyush Goyal urges Indian industry to leverage FTAs for global impact
Piyush Goyal urges Indian industry to leverage FTAs for global impact

Times of Oman

time2 days ago

  • Business
  • Times of Oman

Piyush Goyal urges Indian industry to leverage FTAs for global impact

Mumbai: Union Minister of Commerce and Industry Piyush Goyal on Saturday interacted with the managing committee and senior members of ASSOCHAM in Mumbai where he encouraged business to look for the opportunities that India's recent Free Trade Agreements (FTAs) have opened up. He also laid thrust on ensuring qualities of products to enhance India's global competitiveness. "Had an excellent interaction with the Managing Committee and Senior Members of @ASSOCHAM4India in Mumbai. Speaking at the session on 'Creating Impact Globally - Towards a Viksit Bharat', I urged industry to tap the vast global opportunities that India's recent FTAs have opened up. Also emphasised on the importance of quality in further enhancing our global competitiveness," the union minister posted on the social media platform 'X'. Addressing the session, Piyush Goyal said that if India gets a good trade deal, the country will go ahead with it. "If not, we won't," the Minister stated. "India always keeps its interests first," he added. Talking to reporters after the event, the Minister said he has already mentioned that the government will not negotiate through media but in the negotiating room. "Talks are ongoing, and once the team is back, we will get feedback on the response and the progress." He also emphasised the importance of Micro, Small, and Medium Enterprises (MSMEs), focusing on research, innovation, quality, and scaling up to compete globally. The Minister urged MSME stakeholders to actively inform the government about non-tariff barriers that are affecting their businesses. Speaking to an industry player, Goyal stated that the government will address the industry's concerns and work towards resolving them only if these are communicated. Reflecting on the broader economic framework, the Minister compared the current banking system with that under the previous UPA government. He noted that the PM Modi-led administration had successfully restructured the banking sector. Goyal alleged that during the UPA regime, the banking sector collapsed under rising NPAs. "We have restructured it in a transparent manner. Today, the banking system is robust and performing well," the Union Minister added.

Bengal govt plans to export surplus potato to other states
Bengal govt plans to export surplus potato to other states

Time of India

time6 days ago

  • Business
  • Time of India

Bengal govt plans to export surplus potato to other states

1 2 3 Kolkata: Bengal govt is planning to export potato to other states following bumper production this year, state minister of food processing industries and horticulture Arup Roy said on Tuesday. Speaking at a business conclave organised by ASSOCHAM, Roy said: "We are in talks with the agriculture marketing department to send our excess potatoes to other states. In 2012, Bengal had a similar bumper potato production and we had provided potatoes to students in midday meals. We are thinking of the same this year too." In 2024-25, Bengal recorded a production of 1.4 crore tonnes of potatoes, but the bumper crop resulted in distress sales owing to lack of adequate cold storage facilities. You Can Also Check: Kolkata AQI | Weather in Kolkata | Bank Holidays in Kolkata | Public Holidays in Kolkata Smaraki Mahapatra, secretary in the state food processing industries and horticulture department, said private players needed to come forward to develop cold chains across the state. "We are looking for partnership from farmer producer organisations (FPOs) and private entrepreneurs for setting up cold storages," she said. The state was also looking for private players to set up processing units for maize cultivated in Murshidabad, Malda and North and South Dinajpur, Roy said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You To Read in 2025 Blinkist: Warren Buffett's Reading List Undo "Area under maize cultivation will be expanded by 60,000 hectares over the next three years to meet the growing demand for animal feed, poultry feed and fish feed in the state," he added. Mahapatra said Bengal's vegetable production is 163 lakh metric tonnes while local consumption is 95 lakh metric tonnes. While fruit production is about 40 lakh metric tonnes, consumption is 35 lakh metric tonnes. "The surplus can be exported to other states and countries with investments in cold chain logistics and export development. The govt is providing extensive support to tissue culture for banana, pineapple, blueberry and ginger, among others," she said.

West Bengal to expand maize cultivation by 60,000 hectares to meet rising feed demand
West Bengal to expand maize cultivation by 60,000 hectares to meet rising feed demand

Time of India

time6 days ago

  • Business
  • Time of India

West Bengal to expand maize cultivation by 60,000 hectares to meet rising feed demand

The West Bengal government has decided to expand the area under maize cultivation by 60,000 hectares over the next three years to meet the growing demand for animal feed, poultry feed, and fish feed in the state. This was announced by Arup Roy, the state minister in charge of the Department of Food Processing Industries and Horticulture at the Agri, Livestock and Food Processing Growth Meet organised by ASSOCHAM. 'Area under maize cultivation will be expanded by 60,000 hectares over the next three years to meet the growing demand for animal feed, poultry feed, and fish feed in the state. Through cooperation between the government, private sector, educational institutions, and civil society, we can leverage each other's strengths and collectively address the challenges ahead. Women constitute 70% of the workforce engaged in agriculture, and encouraging women as agricultural entrepreneurs is a key step towards women's empowerment," he added. Highlighting West Bengal's potential in the sector, Smaraki Mahapatra, Secretary, Department of Food Processing Industries and Horticulture said, 'West Bengal is a top producer in many vegetables and fruits, producing about 163 lakh MT of vegetables while local consumption is about 95 lakh MT. Fruit production is about 40 lakh MT and consumption is about 30-35 lakh MT. The surpluses can be exported to other states and countries with investments in cold chain logistics and export development. The government is providing extensive support to tissue culture for banana, pineapple, blueberry and ginger, among others.' 'We are the only state which has the Himalayas and a coast, making it ideal for fruit and vegetable production. The government is working hard to support the sectors growth. There is a lot of scope for investment in value addition between the farm and the market. The state has a rich history of traditional medicinal plants and has huge potential for contribution in Ayurvedic treatments. In FY 24-25, 24,213 units in the food processing sector were set up in the state, which is not a small number. A partnership between the government, FPO's, farmers and entrepreneurs is needed to generate interest and uplift the sector to its potential,' she added.

Luxury housing sales surge 85% in H1 2025, Delhi-NCR leads: CBRE-ASSOCHAM report
Luxury housing sales surge 85% in H1 2025, Delhi-NCR leads: CBRE-ASSOCHAM report

Hindustan Times

time11-07-2025

  • Business
  • Hindustan Times

Luxury housing sales surge 85% in H1 2025, Delhi-NCR leads: CBRE-ASSOCHAM report

India's luxury housing segment witnessed an 85% year-on-year (YoY) growth in the first half of 2025, with nearly 7,000 high-end residential units sold across the top seven cities, according to a joint report by CBRE South Asia Pvt. Ltd. and ASSOCHAM. India's luxury housing segment witnessed an 85% year-on-year (YoY) growth in the first half of 2025, with nearly 7,000 high-end residential units sold across the top seven cities. (Representational photo)(Pixabay) Titled 'The New Paradigm in Indian Housing', the report was launched at the CBRE-ASSOCHAM Real Estate Conference 2025, held under the theme Ease of Doing Business: Unlocking Sustainable Growth. The top seven cities are Delhi-NCR, Mumbai, Pune, Bengaluru, Kolkata, Hyderabad, and Chennai. Also Read: Luxury housing sales, priced at ₹4 crore and above, increase by 53% in 2024 across the top seven cities Delhi-NCR dominates with over half of all luxury sales Leading the luxury surge, Delhi-NCR clocked sales of approximately 4,000 luxury units during January–June 2025, contributing 57% share to the total luxury segment. The region also recorded a threefold increase in sales compared to the same period last year, the report said. Mumbai followed with 1,240 units sold, an 18% share, marking a 29% YoY growth. "Traditionally mid-segment dominated markets like Pune and Chennai made their presence felt, jointly contributing around 5% of the luxury housing sales in H1 2025," the report said. Between January and June, 7,300 luxury units launched The report said that in H1 2025, over 7,300 luxury units were launched, reflecting a 30% YoY increase. Delhi-NCR, Mumbai, and Hyderabad accounted for over 90% of these new launches, underscoring their continued dominance in the high-end housing market. "The housing boom, coupled with policy evolution, highlights the need for reforms that ease approvals, redefine affordable housing in urban India, and incentivise sustainable development. Housing is no longer just shelter, it's an engine for inclusive growth," Manish Singhal, secretary general of ASSOCHAM, said. Also Read: Bengaluru techies on home buying: Purchase a flat to live, not show; think Android, not Rolex What's leading the luxury home sale surge? The report said that the surge in luxury housing is being driven by high-net-worth individuals (HNIs), ultra-HNWIs, and non-resident Indians (NRIs). These groups are increasingly turning to premium real estate in India as a stable asset class amidst global uncertainties and a strong U.S. Dollar. Buyers are prioritising homes with exclusive amenities, long-term value, and superior construction quality. 'The remarkable rise in luxury housing, both in demand and supply, reflects a structural shift in homebuyer preferences,' said Gaurav Kumar, managing director of Capital Markets and Land, CBRE India. 'India's residential market has entered a phase of strategic resilience, supported by strong macro fundamentals and a growing focus on lifestyle, transparency, and quality.' According to the report, around 132,000 units were sold and 138,000 new units were launched across the top seven cities in H1 2025.

Luxury home sales up 85% in 7 cities in first half of 2025: Report
Luxury home sales up 85% in 7 cities in first half of 2025: Report

Business Standard

time11-07-2025

  • Business
  • Business Standard

Luxury home sales up 85% in 7 cities in first half of 2025: Report

As many as 7,000 luxury homes, priced Rs 4 crore to Rs 6 crore, were sold in India's top seven cities between January and June, marking an 85 per cent annual increase, said a report on Friday. Delhi-NCR (National Capital Region) clocked 57 per cent of the sales, thereby becoming the market leader, according to the report jointly released by CBRE South Asia, a US-based commercial real estate services and investment firm, and Indian business chamber ASSOCHAM. As many as 4,000 luxury homes were sold in Delhi-NCR, marking a threefold increase from the previous year. Mumbai was next by clocking sales of 1,240 units, comprising 18 per cent of the total and growing 29 per cent from the previous year. Industry experts attributed the sales rise to several factors. Rising aspiration: 'India's residential market has entered a phase of strategic resilience. The standout growth of luxury and premium housing indicates rising consumer confidence and lifestyle aspirations,' said Gaurav Kumar, managing director, capital markets and land, CBRE India. Wealth preservation: High net worth individuals, ultra-HNIs and Non-Resident Indians are investing in luxury real estate to have assets that will be safe amid global uncertainties and a strong US dollar. The report said 7,300 luxury homes were launched in the first half of 2025, marking a 30 per cent increase. Delhi-NCR, Mumbai and Hyderabad accounted for over 90 per cent of these launches. 'The housing boom highlights the need for reforms that ease approvals and incentivise sustainable development. Housing is no longer just shelter; it's an engine for inclusive growth,' said Manish Singhal, secretary general of ASSOCHAM. With increasing urbanisation accelerating and disposable incomes on the rise, experts expect the luxury housing segment to remain on a strong growth trajectory.

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