eznews.inThe Karnataka Maritime Board (KMB) has formalized multiple agreements aimed at bolstering the state's maritime sector, with anticipated investments of approximately ₹4,500 crore. During the India Maritime Week 2025, KMB entered into a concession agreement with JSW Infrastructure Ltd for a ₹4,118 crore all-weather deep-water greenfield port at Keni, Uttara Kannada, under a public-private partnership. Additionally, KMB signed a memorandum of understanding with Konkan Railway Corporation Ltd for a ₹45.88 crore railway siding development in the same district. An MoU with the Inland Waterway Authority of India was also established to enhance national waterways in Karnataka, valued at ₹300 crore. Furthermore, KMB partnered with the National Inland Navigation Institute to create a Centre of Excellence in Mangaluru and collaborated with the Karnataka Department of Fisheries on ₹12 crore projects in Ballari, focusing on cold storage and processing facilities. 
Published: Nov 06 2025, 3 pmeznews.inThe Maharashtra government has approved a ₹7,485 crore grant to boost Rabi sowing following significant crop losses from unseasonal rains during the Kharif season. The Marathwada region will receive the largest allocation of ₹4,486 crore, with Vidarbha, Pune, and Konkan divisions receiving ₹2,544 crore, ₹785 crore, and ₹29.68 crore, respectively. Currently, only 0.59% of the target area has been sown, but authorities expect this to improve as water levels and soil moisture have increased. Agriculture Minister Dattatray Bharne noted that the Rabi sowing area could expand from the usual 56 lakh hectares to 65 lakh hectares this year. The government aims to credit the funds directly to farmers' accounts to facilitate immediate relief and support for fresh sowing, fostering optimism for a productive agricultural cycle and revitalizing rural economies in the state.
Published: Nov 06 2025, 3 pmeznews.inSingapore-based Green Point Pte, a subsidiary of Sarveshwar Foods, has entered into a strategic Memorandum of Understanding (MoU) with the Indian Rice Exporters Federation to secure a steady supply of premium Indian rice for international markets. The agreement aims to facilitate the procurement and export of 50,000 tonnes of Indian rice, valued at $20 million, on a Cost and Freight basis. This export order includes 40,000 tonnes of Parboiled Rice and 10,000 tonnes of White Rice, targeting key markets such as the UAE, USA, and several African nations. The MoU emphasizes product quality, regulatory compliance, and future collaboration, with Sarveshwar Foods' Chairman Rohit Gupta highlighting India's rice cultivation expertise as a perfect match for the Group's global ambitions. The partnership underscores the increasing global demand for high-quality Indian rice, reinforcing India's position in the international agricultural market.
Published: Nov 06 2025, 3 pmeznews.inAt a recent industry event, Westermeier highlighted the importance of integrating Sustainable Aviation Fuel (SAF) into India's corporate social responsibility (CSR) framework, emphasizing that airlines' voluntary SAF initiatives represent a significant investment in climate change mitigation. SAF, derived from renewable or waste sources, is crucial for the aviation sector to fulfill its environmental obligations under the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), which India will begin adhering to in 2027. Westermeier urged businesses to support SAF demand by committing to its purchase for corporate travel, which could stimulate job creation and utilize surplus agricultural resources. Despite SAF's current price being two to four times higher than traditional jet fuel, India’s technological capabilities and biomass resources position it well to lead in SAF production. The government aims for a gradual increase in SAF blending targets, starting at one percent in 2027 and reaching five percent by 2030, necessitating collaboration across sectors.
Published: Nov 06 2025, 2 pmeznews.inUnion Civil Aviation Minister Ram Mohan Naidu announced that the Indian government will soon unveil a draft policy on Sustainable Aviation Fuel (SAF) for industry consultations. SAF, derived from renewable or waste sources, is crucial for India's ambition to become a major exporter, leveraging its geographical advantages and abundant biomass resources, estimated at over 750 million metric tonnes. Naidu emphasized the importance of involving both public and private sector refiners in the SAF ecosystem. Despite the potential, SAF currently faces challenges, with prices two to four times higher than traditional jet fuel. The government plans to implement the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) starting in 2027, with targets for SAF blending in aviation turbine fuel (ATF) set at 1% in 2027, 2% in 2028, and 5% by 2030. Indian Oil Corporation has recently received certification to produce SAF at its Panipat refinery, marking a significant milestone in India's SAF production capabilities.
Published: Nov 06 2025, 2 pmeznews.inIndia has made significant strides in its free trade agreement (FTA) negotiations with Peru and Chile, aiming to enhance cooperation in critical sectors such as minerals, pharmaceuticals, and textiles. A government statement highlighted the recent discussions held by India's negotiating team in both countries from October 27 to November 5, which focused on goods, services, and investments, paving the way for future agreements. The FTAs are strategically vital for India, particularly following the imposition of steep tariffs by the US on Indian exports. Peru's Trade Minister, Teresa Stella Mera Gómez, expressed optimism about concluding negotiations, emphasizing the economic complementarity between the nations. Meanwhile, India and Chile also advanced their Comprehensive Economic Partnership Agreement (CEPA) talks, with both sides committed to enhancing market access and economic integration. India's bilateral trade with Peru and Chile has shown promising growth, indicating substantial potential for future expansion in the Latin American market.
Published: Nov 06 2025, 1 pmeznews.inIndia's crude oil imports from the United States have surged, with September 2025 figures reaching a record 568,000 barrels per day (b/d), marking the highest level since March 2021. This increase has allowed the US to surpass the UAE as India's fourth-largest crude supplier, a position the UAE held for six months prior. Analysts from Kpler anticipate that imports will stabilize at 450,000 to 500,000 b/d in November, driven by favorable market conditions rather than recent US sanctions on Russian oil companies. The US Energy Information Administration reported that cumulative crude exports to India from January to August 2025 hit 2.20 million b/d, a record high. The rise in US crude imports reflects India's strategy to diversify its energy sources and enhance supply security, while also aiming to reduce its trade deficit with the US and strengthen bilateral energy cooperation.
Published: Nov 06 2025, 12 pmeznews.inTariffs imposed by the United States on solar imports have significantly impacted Indian solar module exporters, compelling manufacturers to shift their focus to the domestic market, according to a report by ICRA. This shift exacerbates an existing oversupply in India's solar module industry, which is projected to see manufacturing capacity soar to over 165 gigawatts (GW) by March 2027, driven by government initiatives. However, with domestic installations expected to remain around 45-50 GW, the production capacity will likely outstrip demand, leading to pricing pressures and potential consolidation among smaller firms. ICRA warns that while India is enhancing its manufacturing capabilities, it remains heavily reliant on China for key components, posing strategic risks. The upcoming implementation of the ALMM List-II in June 2026 is anticipated to boost domestic cell manufacturing, but stabilizing this capacity will be crucial for long-term sustainability in the sector.
Published: Nov 06 2025, 12 pmeznews.inIndia's services sector experienced a notable slowdown in October, with HSBC's India Services Purchasing Managers' Index (PMI) dropping to 58.9 from 60.9 in September, marking the slowest expansion since May. This decline, which closely aligned with the preliminary estimate of 58.8, reflects emerging challenges for the economy, despite a projected growth rate of 6.7% for the fiscal year. While new business continued to rise, it did so at a five-month low, attributed to increased competition and adverse weather conditions, including floods and landslides. International demand also weakened, leading to a dip in business optimism and muted hiring activity. However, input costs rose at the slowest rate since August 2024, allowing firms to pass on some savings to customers, potentially easing retail inflation further. The HSBC Composite PMI, which includes manufacturing, also fell to a five-month low of 60.4, driven primarily by the services sector's deceleration.
Published: Nov 06 2025, 11 ameznews.inThe World Spice Organization (WSO) will host the 4th National Spice Conference (NSC) on November 14-15, 2025, at ITC Welcom in Guntur, Andhra Pradesh, under the theme “The Spice Route Ahead: Safe, Sustainable and Scalable.” This two-day event aims to unite government officials, industry leaders, and academics to discuss the evolving dynamics of India’s spice sector. The conference will include business sessions, a curated exhibition of innovative technologies and indigenous agri-products, and a buyer-seller interface. Ramkumar Menon, Chairman of WSO, emphasized the conference's role in shaping the future of the spice industry, focusing on food safety, environmental responsibility, and inclusive growth. With over 400 participants expected, including farmers under the National Sustainable Spice Program, NSC 2025 will build on previous discussions about quality, sustainability, and market linkages, addressing the industry's challenges amid rising global demand and technological advancements.
Published: Nov 06 2025, 11 am
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