Global Rice News

Pharma, Packaging Products Drive Export Growth from SEZ

[Pithampur SEZ](https://www.hasrice.com) is experiencing significant export growth driven by pharmaceutical and packaging products. With exports close to Rs 13,000 crore, Pithampur SEZ leads the way in exports. In the first nine months of the current fiscal year, exports have already seen a jump of over 10% compared to the same period last year.

Challenges Impact India’s Exports and Imports

India’s exports and imports have faced challenges due to geopolitical conflicts and disruptions in global trade routes. While goods exports have contracted, services exports have shown growth. The overall trade performance for 2023 has declined compared to the previous year, although the trade deficit has decreased.

Delta India Aims to Increase Export Contribution

Delta Electronics India plans to increase its export contribution to 50% of total revenue. The company has announced a $500 million investment in India over the next 5-10 years. They are focusing on electric vehicle onboard components, charging infrastructure, and expanding their R&D team in Bengaluru to meet global requirements in power electronics and software development.

Export of Agriculture Commodities from Madhya Pradesh May Remain Flat

Exports from Madhya Pradesh, a leading agriculture commodities growing state, may remain flat or decrease in the current fiscal year due to export curbs on wheat, sugar, and non-basmati rice. The directorate general of foreign trade expressed concern that the export ban on these commodities could affect the state’s exports, as it is one of the largest exporters of these items. Cereals, including rice, account for 13% of the state’s total export basket.

Encouraging Growth Expected in Exports from Madhya Pradesh

Despite the challenges, there is hope for future export growth from Madhya Pradesh. The establishment of several rice mills in the eastern part of the state and the production of engineering products are expected to boost exports in the next fiscal year. More than 200 rice factories have been established in eastern MP, which is anticipated to support the increase in rice exports. Engineering products are also expected to contribute to the state’s export growth.

Export Conclave Highlights Importance of Export-related Schemes

The Federation of Indian Export Organisations (FIEO) recently organized an export conclave with the participation of over 80 exporters from Indore and nearby areas. The event included interactive sessions with senior government officials from the directorate general of foreign trade and customs to discuss export insurance and export-related schemes. Despite the challenging year for exports, efforts are being made to support and promote the export industry.

Source: [Times of India](https://timesofindia.indiatimes.com)