#role of export-import in indian economy

[iiiemexim]

How Technology is Changing India’s Export-Import Scene in 2024

India is getting ready to step into a new era of economic growth. Technology is changing how Indian businesses trade with other countries.

This blog talks about how technology is making import-export processes easier and creating new chances for Indian companies.

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[fatehbaz]

There is a direct connection between the expansion of [...] new [coffee] consumer culture in Europe [...] and the expansion of plantation slavery in the Caribbean. [...] [S]lave-based coffee was more important to the Dutch [Netherlands] economy than previously [acknowledged] [...]. [T]he phenomenal growth of [plantation slavery in] Saint Domingue [the French colony of Haiti] was partly made possible by the export market along the Rhine that was opened up by the Dutch Republic. [...] [E]arly in the eighteenth century, the Dutch and French began production in their respective West Indian colonies [...]. [C]offee was still a very exclusive product in Europe. [...] From the late 1720s, [...] in the Netherlands [...] coffee was especially widespread [...]. From the late 1750s the volume of Atlantic coffee production [...] increased significantly. It was at that time that the habit of drinking coffee spread further inland [...] [especially] in Rhineland Germany [...] [and] inland Germany [due to Dutch shipments via the river].

Although its consumption may not have been as widespread as the tea-sugar complex in Britain, there certainly was a similar ‘coffee-sugar complex’ in continental Europe [...] spread during the eighteenth century [...]. The total amount of coffee imported to Europe (excluding the Italian [...] trade) was less than 4 million pounds per year during 1723–7 and rose to almost 100 million pounds per year around 1788 [...]. In 1790 [...] almost half of the value of [Dutch] exports over the Rhine [to Germany] was coffee. [...]

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The rising prices in the 1760s encouraged more investment in coffee in Dutch Guiana and the start of new plantations in Saint Domingue [Haiti]. Production in Saint Domingue skyrocketed and surpassed all the others, so that this colony provided 60% of all the coffee in the world by 1789. [Necessitating more slave labor. The Haitian revolution would manifest about a decade later.] [...]

In French historiography, the ‘Dutch problems’ are considered to be the slave revolts (the Boni-maroon wars) [at Dutch plantations]. [...] France made use of the Dutch ‘troubles’ to expand its market share and coffee production in Saint Domingue [Haiti], which accelerated at an exponential rate. [...]

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[T]he Dutch Guianas [were] producing over a third of the coffee consumed in Europe [...] [by] 1767. [...] The Dutch flooded the Rhine region with coffee and sugar, creating a lasting demand for both commodities, as the two are typically consumed together. [...] [T]he history of the slave-based coffee production in Surinam and Saint Domingue [Haiti] was pivotal in starting the mass consumption of coffee in Europe. [...] Slave-based coffee production was also crucial [...] in Brazil during the 'second slavery', where slavery existed on an enormous scale and was reshaped in the world's biggest coffee producing country [later] during the nineteenth century. [...] The Dutch merchant-bankers organised coffee investment, enslavement, and planting and selling; [all] while not leaving the town of Amsterdam [...].

[This market] expansion ends in crisis [...] - a crisis caused by uprisings and revolutions, most notably, the Haitian one. Yet Germans still liked coffee. And the Dutch colonial merchant-banker[s] [...] learned something about [...] production, and perhaps also something about the role of the state in labour control: as soon as they could, they sent Johannes van der Bosch [Dutch governor-general of the East Indies] to Surinam and Java in order to solve the labour issues and expand the colonial production of coffee [by imposing in Java the notoriously brutal cultuurstelsel "enforced planting" regime, followed later by the "Coolie Ordinance" laws allowing plantation owners to discipline "disobedient" workers, with millions of workers on Java plantations, lasting into the twentieth century].

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Text above by: Tamira Combrink. "Slave-based coffee in the eighteenth-century and the role of the Dutch in global commodity chains". Slavery & Abolition Volume 42, Issue 1, pages 15-42. Published online 28 February 2021. [Bold emphasis and some paragraph breaks/contractions added by me. All of that italicized text within brackets was added by me for clarity and context; apologies to Combrink. Presented here for commentary, teaching, criticism.]

[careermantradotorg]

Indian Institute of Foreign Trade: A Comprehensive Overview

The Indian Institute of Foreign Trade (IIFT) stands as one of India’s premier institutes specializing in international business and trade. Established in 1963, IIFT has built a reputation for providing high-quality education, research, and consultancy in the areas of foreign trade and business strategy. With a strong legacy and commitment to academic excellence, the institute has contributed significantly to shaping India’s trade policies and business practices.

What is the Indian Institute of Foreign Trade (IIFT)?

The Indian Institute of Foreign Trade is an autonomous institution under the Ministry of Commerce & Industry, Government of India. Its primary goal is to provide professional education and training in foreign trade, promote research in the area of international business, and assist the government in shaping its foreign trade policies.

Located in New Delhi, with additional campuses in Kolkata and Kakinada, IIFT offers a wide range of courses focusing on global business. The institution offers an MBA in International Business (MBA-IB), Executive Programs, doctoral programs, and various short-term courses catering to professionals seeking knowledge in international trade.

The Legacy of IIFT in International Business Education

Since its inception, the Indian Institute of Foreign Trade has grown into a powerhouse of knowledge in global business. Its curriculum is continuously updated to reflect the dynamic changes in the world economy, ensuring that graduates are well-prepared to tackle complex challenges in international markets.

The MBA in International Business is IIFT's flagship program, designed to develop business leaders with a deep understanding of global trade dynamics. The rigorous curriculum focuses on areas such as trade policy, international marketing, supply chain management, and global financial systems. It also includes exposure to live projects, industry interactions, and opportunities to intern with leading organizations worldwide.

Key Programs at Indian Institute of Foreign Trade

MBA in International Business

The two-year full-time MBA in International Business (MBA-IB) is the most sought-after program at IIFT. The curriculum focuses on giving students a global perspective of business by offering specialized courses in areas like international trade laws, global supply chain management, cross-cultural management, and international financial management.

Executive Post Graduate Diploma in International Business (EPGDIB)

For professionals with work experience, IIFT offers an Executive Post Graduate Diploma in International Business (EPGDIB), designed for mid-level and senior professionals who wish to upskill themselves in international trade and business. This program is ideal for executives looking to transition into global leadership roles in multinational corporations.

PhD in International Trade and Business

The PhD program at IIFT allows students to undertake research in the domain of international business and foreign trade. This program is particularly valuable for individuals interested in academic careers or research-oriented roles in government and private sectors.

Short-Term Courses

In addition to long-term courses, IIFT offers a variety of short-term courses aimed at professionals and businesses looking to expand their knowledge in specific areas such as export-import management, WTO regulations, and international trade finance. These courses are often customized based on industry demand and cover various aspects of international business operations.

Research and Consultancy at IIFT

Apart from being an educational institution, IIFT also plays a crucial role in shaping India’s foreign trade policies through its research and consultancy services. The institute conducts in-depth research in areas such as global trade competitiveness, WTO policies, and emerging markets. IIFT’s faculty members have contributed to several key publications and policy papers that have had a significant impact on India’s international trade.

IIFT also provides consultancy services to national and international organizations, assisting them in enhancing their trade strategies. Through collaborations with various government bodies and international organizations like the World Trade Organization (WTO) and UNCTAD, IIFT helps businesses navigate the complexities of global markets.

Admission Process and Eligibility

MBA-IB Admission Process

The admission process for the MBA in International Business (MBA-IB) at IIFT is highly competitive. Aspiring candidates must clear the IIFT entrance exam, which tests their knowledge in areas like quantitative analysis, logical reasoning, data interpretation, and general awareness. The exam is followed by a group discussion, written ability test, and a personal interview round.

Eligibility criteria for the MBA-IB program require candidates to have a recognized bachelor’s degree with a minimum of 50% marks. Additionally, work experience, although not mandatory, is considered an added advantage for applicants.

Executive Program Admission

For the Executive Programs, candidates are required to have a minimum of three years of managerial work experience. Admission is based on academic qualifications, work experience, and performance in an interview process. In some cases, a written test may also be part of the selection process.

Global Collaborations and Exchange Programs

IIFT has established global collaborations with renowned international universities and business schools, allowing students to participate in exchange programs and broaden their understanding of international trade from a global perspective. These partnerships help IIFT students gain exposure to different markets and business environments across the globe.

Some of IIFT’s key global partners include:

IESEG School of Management, France

The University of Sydney, Australia

Università Bocconi, Italy

These exchange programs provide students with an excellent opportunity to experience diverse business cultures and practices, contributing significantly to their personal and professional growth.

Campus Life and Infrastructure

IIFT’s campuses are equipped with state-of-the-art infrastructure, offering an excellent environment for both academic and extracurricular activities. The institute has modern classrooms, well-stocked libraries, and advanced computing facilities to support its research and academic programs.

The New Delhi campus, being the oldest, offers an expansive environment where students can engage in various student-led activities and clubs. These clubs focus on areas such as finance, marketing, operations, and trade, providing students with hands-on experience and leadership opportunities outside the classroom.

Career Opportunities and Placements

IIFT boasts an exceptional placement record with top multinational companies and organizations recruiting its graduates. IIFT’s alumni hold leadership positions in several industries such as consulting, banking, logistics, and international trade. Leading companies like Deloitte, Amazon, HSBC, Tata Group, and several government agencies have hired IIFT graduates, offering roles in areas like trade analysis, business strategy, supply chain management, and financial consulting.

The placement process is comprehensive, with students receiving support from the institute's placement cell to prepare for interviews, internships, and career development.

Conclusion

The Indian Institute of Foreign Trade (IIFT) has cemented its place as one of the foremost institutions for global business education in India. With a strong focus on international business, world-class faculty, and global exposure, IIFT prepares its students to be leaders in the dynamic field of global trade.

[imperialchem]

The Economic Impact of Paraffin Dispersant Exports:  A Global Perspective

In the modern oil and gas industry, paraffin or wax deposition has emerged as a significant challenge.  Paraffin, a naturally occurring hydrocarbon, can solidify in pipelines, tanks, and other equipment, leading to blockages that disrupt production and transportation.  The answer to this growing problem lies in the development and export of wax or paraffin dispersants, chemicals designed to mitigate wax build-up by keeping the wax particles suspended in oil.

India has established itself as a key player in the production and export of wax or paraffin dispersants, supplying global markets with these critical chemicals.  With the growing demand for oil, especially in emerging economies, the need for these dispersants continues to rise.  This blog explores the economic impact of paraffin dispersant exports, with a focus on India’s role as a key manufacturer, exporter, and supplier in the global market.

Understanding the Role of Paraffin Dispersants in the Oil and Gas Industry

Wax build-up in pipelines and storage tanks is a costly and time-consuming issue for oil producers worldwide.  Paraffin dispersants, also known as wax dispersants, are chemicals that prevent the solidification of paraffin by dispersing it into smaller particles, allowing it to flow with the crude oil.  This significantly reduces the risk of blockages in pipelines, maintains efficient flow, and ensures smoother operations in oilfields.

The demand for paraffin dispersants has increased over the past decade due to the global expansion of oil production, especially in regions with colder climates where paraffin solidification is more likely to occur.  As oil exploration and production continue to grow globally, especially in emerging economies like Africa, Latin America, and Southeast Asia, the need for reliable paraffin dispersants will only increase.

India:  A Leading Wax / Paraffin Dispersant Manufacturer

India has become a major hub for the production of wax dispersants.  As a wax dispersant manufacturer in India, the country is home to several companies that specialize in producing high-quality paraffin dispersants.  These companies have invested heavily in research and development to create efficient and eco-friendly dispersants that meet global standards.

Indian manufacturers benefit from a robust chemical production infrastructure and access to raw materials, making them competitive on the global stage.  The strategic geographic location of India also allows for easy access to key markets in Asia, the Middle East, and Africa, where oil production is booming.  Companies like Imperial Oilfield Chemicals Pvt. Ltd. have emerged as leaders in the production and export of wax dispersants, driving economic growth through international trade.

The Growing Importance of Paraffin Dispersant Exports

As a leading wax dispersant exporter in India, the country plays a critical role in supplying global markets with the chemicals necessary to ensure the smooth operation of oil and gas infrastructure.  The export of paraffin dispersants contributes significantly to India’s foreign exchange earnings, supporting the nation’s economy and positioning it as a key player in the global oil and gas supply chain.

India’s wax dispersant exports have found markets in oil-producing countries across the Middle East, Africa, Latin America, and Asia.  These regions are experiencing rapid growth in oil exploration and production, leading to an increased demand for chemicals that can enhance operational efficiency.  By providing high-quality dispersants at competitive prices, India has established itself as a trusted supplier on the global stage.

Economic Impact of Wax Dispersant Exports on India’s Economy

The economic impact of paraffin dispersant exports on India’s economy is multifaceted.  The growth of this industry has created jobs, generated foreign exchange, and driven innovation in the chemical sector.  Some key impacts include:

Job Creation:  The manufacturing and export of paraffin dispersants have led to job creation in both the chemical production sector and related industries, such as logistics and transportation.  This has helped boost local economies, particularly in regions where manufacturing facilities are located.

Foreign Exchange Earnings:  As a major wax dispersant exporter in India, the country generates significant foreign exchange earnings.  These earnings contribute to the overall economic stability of the nation, supporting investments in infrastructure, education, and healthcare.

Technological Advancements:  The increasing demand for high-quality dispersants has encouraged Indian manufacturers to invest in research and development.  This has led to innovations in the production of eco-friendly dispersants, enhancing the competitiveness of Indian companies on the global stage.

Trade Relationships:  Exporting paraffin dispersants has strengthened India’s trade relationships with oil-producing nations.  These relationships open doors to further collaboration and trade opportunities, particularly in related sectors such as oilfield services and equipment.

Diversification of the Economy:  The growth of the paraffin dispersant industry helps diversify India’s economy.  As the country becomes less reliant on traditional exports like textiles and agriculture, it builds a more resilient economy capable of weathering global economic fluctuations.

Challenges and Opportunities in the Global Wax Dispersant Market

While the global demand for paraffin dispersants is on the rise, there are also challenges that manufacturers and exporters face.  These include fluctuating oil prices, environmental regulations, and competition from other global suppliers.

Fluctuating Oil Prices:  The price of oil is a major factor influencing the demand for paraffin dispersants.  When oil prices drop, oil producers may cut back on production, leading to reduced demand for dispersants.  However, when prices rise, production increases, driving up the need for dispersants.  Indian manufacturers must be agile and responsive to these market fluctuations to remain competitive.

Environmental Regulations:  With increasing global concern about the environmental impact of chemicals used in the oil industry, there is a growing demand for eco-friendly dispersants.  Indian manufacturers are investing in the development of biodegradable dispersants to meet these regulatory demands.  This presents an opportunity for India to position itself as a leader in the production of environmentally sustainable chemicals.

Competition from Other Suppliers:  As a wax dispersant supplier in India, Indian companies face competition from manufacturers in other countries, particularly those in the United States, China, and Europe.  To maintain their competitive edge, Indian exporters must continue to focus on quality, cost-efficiency, and customer service.

The Future of India’s Paraffin Dispersant Exports

The future looks bright for India’s paraffin dispersant export industry.  As oil production continues to expand globally, especially in regions like Africa and Southeast Asia, the demand for dispersants will rise.  Indian manufacturers are well-positioned to meet this demand, thanks to their competitive pricing, innovative solutions, and established trade relationships.

In addition, India’s focus on sustainability and environmentally friendly dispersants will allow the country to capture a growing segment of the market that prioritizes eco-conscious products.  By staying ahead of global trends and continuing to invest in research and development, Indian companies can ensure long-term success in the global wax dispersant market.

Conclusion

India’s role as a wax dispersant manufacturer in India, exporter, and supplier is having a significant economic impact both domestically and globally.  The country’s ability to produce high-quality paraffin dispersants at competitive prices has positioned it as a trusted supplier in key oil-producing regions.  As the global demand for these chemicals continues to grow, India stands to benefit economically from its leadership in this critical sector.

From job creation to foreign exchange earnings, the export of paraffin dispersants is a vital part of India’s economic landscape.  By continuing to innovate and meet the demands of the global market, Indian manufacturers will play a crucial role in ensuring the smooth operation of the world’s oil and gas infrastructure.

[flavionsindia12]

Discover the Best Onion Export Company in India: A Gateway to Quality and Excellence

Onions are more than just a staple ingredient in kitchens worldwide—they are a significant agricultural product with a thriving global market. In India, where onions are cultivated extensively, the onion export industry plays a crucial role in the economy. If you’re seeking a reliable onion exporter to meet your business needs, understanding what sets the best onion export companies apart can make all the difference.

Why India is a Leading Onion Exporter

India is one of the world’s largest producers and exporters of onions. The country's diverse climate allows for the cultivation of various onion varieties, from the pungent red onions to the sweeter white and yellow types. This variety, combined with robust agricultural practices, positions India as a key player in the global onion market.

Indian onion export companies are known for their commitment to quality, ensuring that their products meet international standards. Factors such as stringent quality checks, advanced packaging techniques, and efficient logistics contribute to the country’s reputation for delivering fresh, high-quality onions.

Key Attributes of a Top Onion Export Company in India

When selecting an onion exporter, several attributes should be considered to ensure a smooth and successful partnership:

Quality Assurance: A leading exporter should have robust quality control measures in place. This includes grading and sorting onions to meet international standards, ensuring freshness and minimizing defects.

Reputation and Experience: Established exporters with a strong reputation often have years of experience and a track record of reliable service. Look for companies with positive reviews and testimonials from other international clients.

Compliance with Regulations: Ensure the exporter complies with both Indian export regulations and the import regulations of your country. This includes certifications and adherence to food safety standards.

Efficient Logistics: Timely delivery is crucial in the export business. Top exporters have well-organized logistics to ensure onions reach their destination promptly and in optimal condition.

Customer Service: Good communication and customer support can make a significant difference. The best companies are responsive and transparent, addressing any concerns or queries effectively.

Top Onion Export Companies in India

Several companies stand out in the Indian onion export industry, renowned for their quality and reliability. Among them:

G.C. Rathi & Co.: Known for their extensive range of onions and a reputation for quality, G.C. Rathi & Co. is a prominent player in the export market. They offer onions that meet stringent quality standards and are adept at managing large export volumes.

Apex Exports: Apex Exports has built a solid reputation for delivering premium quality onions. Their focus on quality assurance and efficient logistics has earned them a strong position in the global market.

Sambhav Exports: With a focus on customer satisfaction and quality, Sambhav Exports is another leading name in the onion export industry. They provide a variety of onion types and ensure timely delivery.

Sourcing the Best Onion Exporter for Sri Lanka

For businesses in Sri Lanka seeking high-quality onions from India, it’s essential to partner with exporters who can cater specifically to the Sri Lankan market. Factors such as proximity, cost-effectiveness, and reliability are crucial. Indian exporters with experience in the Sri Lankan market, like those mentioned above, can offer tailored services to meet local demands.

In conclusion, the Indian onion export industry is robust and well-regarded, with several leading companies offering high-quality products and reliable service. By choosing a reputable exporter, you can ensure that your business receives top-notch onions that meet international standards, helping you succeed in the competitive global market. Whether you're a buyer in Sri Lanka or elsewhere, partnering with the best can make all the difference in maintaining the quality and efficiency of your supply chain.

best onion exporter

onion exporter company in india

[mariacallous]

In 2001, Goldman Sachs banker Jim O’Neill created the acronym “BRIC” to refer to Brazil, Russia, India, and China—countries he predicted would soon have a significant impact on the global economy. In 2006, Goldman Sachs opened a BRIC investment fund pegged to growth in these four nations. The moniker captured the global excitement about emerging powers at the time and transformed into a political grouping in 2009, when leaders of the four countries held their first summit. South Africa joined a year later.

BRICS as a political body has faced countless critics and doubters from the start. Analysts in the Western press largely described the outfit as nonsensical and predicted its imminent demise. In 2011, the Financial Times’ Philip Stevens announced it was “time to bid farewell” to the “BRICS without mortar.” A year later, another columnist at the paper, Martin Wolf, asserted that BRICS was “not a group” and that its members had “nothing in common whatsoever.” BRICS has also been described as a “motley crew,” “odd grouping,” “random bunch,” and “disparate quartet.” In 2015, Goldman Sachs decided to close the BRIC fund (which never grew to include South Africa) due to its low returns.

BRICS member countries have numerous differences and disagreements. While Brazil and Russia are commodity exporters, China is a commodity importer. Brazil, India, and South Africa are democratic countries with vibrant civil societies, but China and Russia are autocratic regimes. Brazil and South Africa are nonnuclear powers, in contrast to China, India, and Russia, which boast nuclear arsenals. Perhaps most seriously, China and India face an ongoing border conflict.

And yet, despite their differences, not one BRICS leader has ever missed the group’s annual summits. (Meetings took place virtually during the COVID-19 pandemic.) Instead of unraveling, diplomatic and economic ties have strengthened, and BRICS membership has become a central element to each member’s foreign-policy identity. Even significant ideological shifts—including the election of right-wing populist leaders such as India’s Narendra Modi in 2014 and Brazil’s Jair Bolsonaro in 2018—have not significantly altered countries’ commitment to the club.

Yet as BRICS approaches its 15th summit in Johannesburg this August, the grouping is experiencing an unprecedented disagreement over enlargement. The outcome will be a test of BRICS identity in the face of rising Chinese influence.

Despite the many disagreements and tensions among them, BRICS members have more in common than Western analysts often appreciate. The strategic benefits the outfit produces for its participants still far exceed its costs. Four aspects stand out.

First, all BRICS members see the emergence of multipolarity as both inevitable and generally desirable—and identify the bloc as a means to play a more active role in shaping the post-Western global order. Member states share a deep-seated skepticism of U.S.-led unipolarity and believe that the BRICS nations increase their strategic autonomy and bargaining power when negotiating with Washington. As Indian Foreign Minister Subrahmanyam Jaishankar said in opening remarks at the BRICS foreign ministers’ meeting in Cape Town, South Africa, on June 1, the concentration of economic power—presumably in the West—“leaves too many nations at the mercy of too few.”

Second, the BRICS grouping also provides privileged access to China, a country that has become enormously relevant for all other members. Brazil and South Africa in particular, which had only limited ties to Beijing prior to the group’s founding, have benefited from BRICS as they adapt to a more China-centric world. It’s not just the summits attended by heads of state: Ministers and other officials frequently gather to discuss issues such as climate, defense, education, energy, and health. And, largely under the radar, the grouping has organized countless annual meetings—in some years more than 100—involving government officials, think tanks, universities, cultural entities, and legislators. BRICS membership also granted countries a founding stake in the Shanghai-based New Development Bank (NDB), created during the fifth BRICS summit in 2013.

Third, BRICS members have generally treated each other as all-weather friends. The group has created a powerful diplomatic life raft for member countries that temporarily face difficulties on the global stage: Fellow BRICS states protected Russian President Vladimir Putin from diplomatic isolation after Russia annexed Crimea in 2014 and stood by Bolsonaro when he found himself globally isolated after his close ally Donald Trump’s failed reelection bid for the U.S. presidency. After Russia’s full-scale invasion of Ukraine in 2022, Putin could again rely on the other BRICS countries to provide him explicit diplomatic and economic support (China), help circumvent sanctions (India), participate in military exercises (South Africa), or embrace his narratives about the war (Brazil). Without BRICS support, Russia would find itself in a far more difficult situation today.

Finally, being a member of the BRICS creates considerable prestige, status, and legitimacy for Brazil, Russia, and South Africa, which for years have stagnated economically and are now anything but emerging powers. Even as Brazil has fallen behind in its share of global GDP, analysts continue to describe it as an emerging power—which facilitates investment and allows the government in Brasília, the capital, to punch above its weight diplomatically. That some 20 countries are now seeking membership in the group only confirms the notion that the BRICS seal remains powerful.

It is precisely on this last issue that the grouping is facing its biggest disagreement since its inception 14 years ago. Beijing, which does not need to preserve the grouping’s exclusivity to retain its global status, has for years aimed to integrate new members and slowly transform the bloc into a China-led alliance. Since 2017, when it presented the “BRICS Plus” concept—a mechanism to bring countries closer to the outfit before eventually granting them full membership—Beijing has sought to put expansion on the agenda. Following Russia’s invasion of Ukraine, expansion has also been of interest to Moscow, as it could help create a Russia-sympathetic bloc to counter Western attempts to isolate the country.

Brazil and India, on the other hand, have long been wary of adding new members to BRICS, as they have less to gain from a diluted club that includes smaller powers. Both Brasília and New Delhi fear that expansion would entail a loss of Brazilian and Indian influence within the group. In their eyes, new members would join largely to gain easier access to Beijing, making BRICS positions more China-centric and potentially less moderate. This explains why Jaishankar recently cautioned that deliberations on expansion were still a “work in progress,” and Brazilian Foreign Minister Mauro Vieira said that “BRICS is a brand and an asset, so we have to take care of it, because it means and represents a lot.” South Africa, which traditionally has the least influence within BRICS, has sought to hedge its bets.

There is no formal application process—or specific criteria—to become a BRICS member. Some countries have simply been added to the list of potential future members after an informal expression of interest. But in last year’s BRICS summit declaration, member countries vowed to promote “discussions among BRICS members on BRICS expansion process” and stressed “the need to clarify the guiding principles, the standards, criteria and procedures.” The debate about BRICS expansion is not directly related to the NDB, which in 2021 added Bangladesh, Egypt, the United Arab Emirates, and Uruguay as new members and announced that at least 30 percent of loans would be provided in the currencies of member states rather than the U.S. dollar.

In theory, each BRICS member has a veto over the group’s decisions, which explains why yearly summit declarations have often been vague. In practice, the grouping’s profound asymmetries—China’s GDP is larger than that of all other members combined—creates informal hierarchies. South Africa’s 2010 accession was led by China to bolster Beijing’s engagement on the African continent. It also made the IBSA grouping (of India, Brazil, and South Africa) superfluous. If killing IBSA was a desired side effect of South Africa’s BRICS membership—to show that three large democracies in the developing world discussing can’t discuss the future of the global south without China—Beijing succeeded: The 10th IBSA leaders’ summit, scheduled to take place in 2013, has been postponed indefinitely.

China and Russia may therefore succeed, despite Brazilian opposition and Indian skepticism, in adding new members to the club, particularly since Brazilian President Luiz Inácio Lula da Silva—to his advisors’ chagrin—recently expressed support for inviting Venezuela to BRICS during improvised remarks.

Disagreements over whether to expand BRICS are about more than exclusivity and status. Several potential accession candidates—such as Iran, Syria, and Venezuela—have largely pursued an anti-Western foreign policy. Their integration could complicate Brazil’s and India’s efforts to preserve a nonaligned strategy amid growing tensions between the West and the Beijing-Moscow axis.

The key to BRICS’ success since 2009 has been its capacity to circumvent internal disagreements and focus on unifying themes, such as the desire to build a more multipolar world and strengthen south-south relations. India-China ties are notoriously fraught and, despite New Delhi’s decision to help Moscow export its oil, India has systematically sought to reduce its dependence on Russian weapons and increased its arms purchases from Europe. The status quo may be the best BRICS can achieve without exposing its rifts. While Russia has long attempted to position the BRICS grouping as an anti-Western bloc, Brazil and India have steadily sought to prevent Moscow from doing so.

The uncertainty about how the South African government in Pretoria should handle hosting the upcoming BRICS summit in Johannesburg reflects the dilemmas it and Brasília currently face in the context of growing tensions between Moscow and the West. Since South Africa is a party to the Rome Statute, the founding charter of the International Criminal Court (ICC), it would be obligated to arrest Putin—whom the ICC has indicted—if he attends. For months, South Africans have debated how to handle the delicate situation. As former South African President Thabo Mbeki recently pointed out: “We can’t say to President Putin, please come to South Africa, and then arrest him. At the same time, we can’t say come to South Africa, and not arrest him—because we’re defying our own law—we can’t behave as a lawless government.”

While hosting Putin without arresting him would strain South Africa’s ties to the West, not hosting him—or organizing the summit elsewhere—would dilute BRICS’ commitment to being all-weather friends. The most likely scenario is that South Africa finds a legal loophole to host Putin without detaining him—representing a diplomatic triumph for the Russian president.

Still, it is largely a lose-lose dilemma for South Africa, and means that being part of BRICS has started to have a tangible cost for the country by negatively affecting its ties to the United States and Europe. Pretoria has already had a taste of this: After South Africa drew closer to Russia after its invasion of Ukraine—including by allegedly supplying Moscow with weapons—the G-7 decided not to invite it as a guest to a recent summit, for the first time since South African President Cyril Ramaphosa took office in 2018. Unless the Russia-Ukraine war ends soon, Brazil—which has also signed the Rome Statute and is slated to host the G-20 summit in 2024 and the BRICS summit in 2025 —will soon face the same problem.

For all its ongoing challenges, BRICS generates many benefits for its members and is here to stay. Yet if the group announces the inclusion of new members during the upcoming summit in Johannesburg, it would be simplistic to interpret it as a sign of strength. Rather, expansion should be read as a sign of China’s growing capacity to determine the bloc’s overall strategy—and may reflect the emergence not of a multipolar order, but of a bipolar one.

[fpotci01]

Empowering Producers, Transforming Lives: A Deep Dive into the TCI FPO Platform

Agriculture has been an important component of India’s economy since ancient times, but the innumerable issues confronted by smallholder farmers have acted as a barrier to unleash the full capacity of this sector. Low accessibility to the market, lack of resources, absence of technology and most importantly financial problems have often left producers in a plight. But, with the advent of Farmer Producer Organizations (FPOs), there is a sea change and farmers are experiencing better living standards due to such organizations which also help in improving overall agricultural sustainability. The TCI FPO Platform is an important player in the transformation of farmers from a vulnerable group to a strong and capable community that can combat adversities leading to poverty. In this blog we talk about the TCI FPO Platform, that empowers producers and changes the lives of many across rural India.

What is the TCI FPO Platform?

The TCI FPO Platform is an innovative digital solution developed by the Tata-Cornell Institute (TCI) to support the growth and development of Farmer Producer Organizations (FPOs) in India. It serves as an interactive data platform designed to enhance the operational efficiency of FPOs and connect farmers with essential resources, information, and markets. By providing a digital ecosystem for FPOs, the platform helps farmers manage their businesses more effectively, access financial services, and make data-driven decisions.

The platform is a crucial tool in addressing the structural challenges within Indian agriculture and empowering farmers to take control of their agricultural ventures. Through its features, the TCI FPO Platform enables better collaboration among FPOs, offers tools for resource management, and helps in market linkage, ultimately improving the livelihoods of rural producers.

Key Features of the TCI FPO Platform

Access to Data and Information A major barrier for farmers in rural India has been the lack of access to timely and relevant information. The TCI FPO Platform addresses this issue by providing an extensive database that helps farmers stay informed about market trends, weather forecasts, and the latest agricultural practices. Through this information, FPOs and farmers can make informed decisions regarding their crops, improve their productivity, and optimize the marketing of their produce. Moreover, the FPO Platform helps farmers gain insights into supply chain dynamics, thereby reducing inefficiencies and lowering transaction costs. This access to real-time data boosts the confidence of farmers and helps them strategize better for future growth.

Improved Market Linkages Farmers in India often face challenges in accessing markets that offer fair prices for their produce. Middlemen usually control these markets, leaving farmers with limited bargaining power. The TCI FPO Platform helps solve this issue by providing a platform for FPOs to directly connect with buyers, wholesalers, and retailers. By connecting FPOs to national and international markets, the platform creates new avenues for farmers to sell their products at competitive prices. This also enables farmers to access new market opportunities, including exports, which were previously out of their reach. The FPO agriculture India initiative is strengthened through such platforms, ensuring that farmers receive fair prices for their produce and increasing their incomes.

Financial Support and Resource Access One of the major hurdles for farmers is the lack of financial support, which hinders their ability to adopt better farming practices, purchase high-quality inputs, or expand their operations. The TCI FPO Platform plays a critical role in addressing this challenge by offering a pathway for farmers to access financial resources. FPOs can use the platform to access loans, grants, and subsidies designed to support their operations. Additionally, the platform connects farmers to government schemes and financial products that cater specifically to the agricultural sector, such as those offered through NABARD FPO portal. This financial support enables farmers to invest in modern farming equipment, seeds, fertilizers, and infrastructure, thereby increasing their productivity and overall income.

Capacity Building and Training The TCI FPO Platform is more than just a marketplace; it also serves as a hub for farmers to access training and educational resources. Through the platform, farmers and FPOs can access capacity-building programs, agricultural training modules, and best practices in crop management. This helps farmers enhance their skills, adopt new technologies, and improve their farming methods. By focusing on knowledge dissemination and skills development, the platform empowers farmers to become more self-reliant and efficient. The training provided also extends to areas like post-harvest management, branding, and marketing, which further enhances the profitability and sustainability of FPOs.

Efficient Supply Chain Management Effective supply chain management is crucial for ensuring that farmers can bring their products to market without delays, waste, or quality degradation. The TCI FPO Platform provides tools for FPOs to streamline their supply chains by optimizing logistics, reducing transport costs, and ensuring the timely delivery of produce. By facilitating better coordination among FPOs, logistics providers, and other stakeholders, the platform helps reduce inefficiencies in the distribution network. This leads to better product quality, reduced wastage, and increased profit margins for farmers.

How the TCI FPO Platform Empowers Rural India

The TCI FPO Platform is more than just a tool for increasing farmers' productivity—it is an enabler of rural transformation. By equipping farmers with the necessary tools, knowledge, and market access, the platform is helping to create a new era of growth in rural India. Here’s how it is changing lives:

Enhancing LivelihoodsThe ability to sell produce at fair prices, access financial services, and increase productivity has a direct impact on the livelihoods of farmers. FPOs are able to earn more income through better market linkages and efficient resource use. This increased income leads to improved living standards for rural families, enabling them to invest in education, healthcare, and other essential areas.

Creating Rural EmploymentThe growth of FPOs leads to the creation of new employment opportunities in rural areas. From processing units to supply chain management, the development of FPOs creates jobs that keep rural youth engaged and reduce migration to urban centers in search of employment.

Sustainability and Long-Term GrowthThe focus on sustainable agricultural practices, better resource management, and reduced wastage ensures that farmers can continue to thrive in the long term. The TCI FPO Platform encourages the adoption of eco-friendly farming techniques, which not only protect the environment but also make farming more resilient to climate change.

Empowering Women and Marginalized CommunitiesFPOs are also playing a vital role in empowering women and marginalized communities in rural India. By providing women with access to training, financial resources, and leadership opportunities within FPOs, the platform is helping uplift these communities and ensure that they have a voice in the agricultural sector.

The Future of FPOs and the TCI FPO Platform

The future of FPOs looks bright as the government, financial institutions, and the private sector continue to support these organizations. With platforms like the TCI FPO Platform, farmers are equipped to tackle the challenges of modern agriculture. As more FPOs are formed, the platform will continue to evolve, incorporating new technologies such as artificial intelligence, machine learning, and big data analytics to further optimize agricultural operations.

By empowering farmers and improving the efficiency of the agricultural sector, the TCI FPO Platform is playing a critical role in transforming rural India and ensuring a prosperous future for Indian agriculture.

Conclusion

The TCI FPO Platform stands as a beacon of hope for farmers across India, providing them with the tools and resources they need to succeed. Through improved market access, financial support, capacity building, and efficient supply chain management, the platform is revolutionizing the way farmers operate and engage with the agricultural value chain. As FPOs continue to grow and thrive, the TCI FPO Platform will remain at the heart of this transformation, empowering producers and transforming the lives of farmers across rural India. For more information, visit: https://fpo.tci.cornell.edu/

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Kick start a High-Growth Career with an MBA in Agriculture Business Management

Agriculture forms the backbone of the Indian economy as it serves the living of nearly 50% of the people. The industry accounts for approximately 18% of the country's GDP. As an agricultural goods manufacturing country, India is second in the world by farm output and plays a key role worldwide in this category.

In this scenario where food production and distribution has become at the top of the national and global priorities, an MBA in agriculture business management is also becoming increasingly an attractive course for the students to join in making meaningful contributions towards agribusiness and its allied sectors.

This article covers why an MBA in agribusiness management is inevitable, its career potential, and the key areas of the study and how programmes like Symbiosis College Pune MBA are preparing the students of today to work in these fields.

Why MBA in Agriculture Business Management?

Indian agriculture has undergone a transformation. In this regard, the intensification of globalisation and changes in consumer purchasing power significantly alter consumption patterns. Herein lies the opportunity to face challenges in the context of agribusiness compared to traditional agriculture. Broadly, agribusiness involves production, input supply, post-harvest processing, distribution, and access to markets.

Since they range from food production itself to a host of associated services like commodity trading, managing the supply chain, agricultural finance, and many other such services, an agribusiness industry is one that received an enormous importance post-globalisation.

Management programme in agribusiness management helps students get knowledge about the intricacies present in these areas and the strategic moves to enhance the agricultural value chain.

Agribusiness has emerged as a highly important component for the government and private sector along with international organisations due to its critical role in economic stability and food security. This has developed a need for trained professionals who understand both the agricultural aspects as well as the business and financial framework dominating the sector. The MBA in Agriculture Business Management would suit those planning to get into this industry, it encompasses technical knowledge with the application of core business skills.

Key topics involved in an MBA in Agribusiness Management:

An MBA in Agribusiness Management curriculum is so designed as to be able to equip individuals with profound knowledge of conventional business essentials and specific agriculture sector needs. Core courses generally would include management fundamentals such as Financial Management, Marketing Management, Organisational Behaviour, Human Resource Management, and Supply Chain Management.

Agribusiness programmes also include various special subjects based on the respective needs of the agricultural sector. These are a few of the important ones:

- Rural Marketing: Focusing on how one can penetrate rural markets that form the vast Indian market.

- Agricultural Finance: Discussing the finance principles relevant to agriculture, credit, loans, and investments in agricultural enterprises.

- Microfinance: Understanding the micro-financial services required in agriculture by small-scale farmers and the rural entrepreneur.

-  Export Potential Analysis of Agri-Commodity: Skill set to estimate and increase export opportunities in agriculture.

- Agricultural Supply Chain: Management of logistics and transportation from farm to market level of agricultural products.

- Agri-Input Marketing: Marketing of inputs such as fertilisers, seeds, and machinery that are required in modern agricultural farming.

- Cold Chain Management of Agri Products: Bringing in temperature-sensitive logistics in the preservation of agro-products.

- Agri Commodity Market: Facilitating students with trading, prices, and market analysis of different agro-commodities.

- Agricultural Economics: Encompassing principles of the economy pertaining to agriculture demand-supply market dynamics impacts of policies.

- Agri Retail Management: Instructing student management of retail businesses on agro-products based on specific requirements of an agro sector.

- New Product Development in Agriculture: Innovation and new product development for the agri-sector with a thrust on sustainability and demand in the market.

These programmes increase the students' understanding of the sector but also encourage entrepreneurial thinking, which is what is needed in those who intend to innovate in agriculture.

Advantages of doing an MBA in Agribusiness Management

An MBA in Agribusiness Management opens up many high-income jobs. Its graduates may serve in international agribusiness firms, work in the government sector, or set up agri-preneurial businesses.

Among the benefits of the MBA Agribusiness is:

1.  Flexibility of Skill Set: It equips both managerial and technical skills acquisition, making a student versatile and employable in any role of an agribusiness enterprise.

2. Experience in Real Life: Curriculums include field visits and internships to show practice and insights reflecting what current industry practices are and various interactions with industries in agriculture.

3. National and International: An agriculture business is a totally universal industry, and there lies a need to aware student understanding of how the activities under agriculture locally are actually working with the internationalised agri-markets by gaining operating capability in the very range of economic environments around.

4. Sustainability and Innovation Focus: Agribusiness is not just about producing, but it's about making sustainable systems that would help both the producers and the consumers. The curriculum mostly highlights sustainability and innovation through courses on sustainable practices and new technologies.

MBA in Agri-Business from SIIB: The First Choice

For those interested in an MBA in Agriculture Business Management, Symbiosis Institute of International Business (SIIB) is a great place to learn. SIIB's MBA in Agri-Business has been initiated with a view to offer a much-needed platform for all the stakeholders of agriculture. The programme takes up all the key areas such as Agri-input Marketing, Commodity Trading, Agricultural Supply Chain Management, Procurement Management, Microfinance, and Agricultural Finance with a comprehensive background for students intending to make a difference here.

The curriculum at SIIB not only equips the student with knowledge but nurtures the entrepreneurial potential within themselves, enabling them to pursue opportunities and innovate in that sector. Based on proper industry exposure and the kind of theoretical coursework provided during the programme, it helps ensure that the graduates become very confident, skilled, and ready for the dynamic world of management in agribusiness.

Pursuing this programme will be quite an opportunity. For those thinking along this path, Symbiosis college Pune MBA in Agri-Business is one such excellent option, which makes a well-rounded programme by bridging the gap between agriculture and business, getting them ready to lead the future of agribusiness not only in India but the world at large.

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Turmeric Export from India to USA: A Comprehensive Guide

India is the world’s largest producer and exporter of turmeric, a spice known for its vibrant color, rich flavor, and numerous health benefits. The export of turmeric powder from India plays a significant role in the country's agricultural economy, and the United States is one of the biggest markets for this golden spice. This guide will explore key aspects of turmeric export from India to USA, including the process, pricing, and leading exporters in India.

1. Major Turmeric Exporter: India

India is by far the largest producer of turmeric, accounting for nearly 80% of the global supply. Turmeric manufacturers in India grow and process this spice in key regions like Tamil Nadu, Andhra Pradesh, and Odisha, known for producing high-quality turmeric varieties such as "Alleppey" and "Erode." These varieties are especially popular in international markets due to their high curcumin content and exceptional quality.

2. Export Varieties of Turmeric

When it comes to export turmeric from India, the most common forms include:

Raw turmeric (whole rhizomes): Used for both culinary and medicinal purposes.

Turmeric powder: Processed and ground for ease of use, widely used in food, health, and cosmetic industries.

These varieties are in high demand in the USA, where turmeric is increasingly recognized for its health benefits, including its anti-inflammatory properties.

3. Understanding Turmeric Export Price from India

The turmeric export price from India varies based on several factors:

Quality and Variety: Higher-quality turmeric, especially with higher curcumin content, commands a premium price.

Processing: The price of export of turmeric powder from India is generally higher than raw turmeric, due to the additional processing required.

Market Demand: Fluctuating global demand also impacts prices, with seasonal trends affecting the cost of turmeric exports.

On average, the price of turmeric exports can range from $2 to $5 per kilogram, depending on the grade and form of the product.

4. Export Documentation and Compliance

When turmeric export from India to USA is involved, it is essential to meet specific regulatory standards.

The Indian exporter must ensure the following:

Phytosanitary Certificates: Issued by the Indian government, confirming the product is free from pests and diseases.

FDA Compliance: The turmeric must meet the U.S. Food and Drug Administration (FDA) standards for food safety.

Packaging and Labeling: Proper labeling, including the origin and ingredients, is required to comply with U.S. import regulations.

5. Role of Turmeric Manufacturers and Exporters in India

India is home to numerous turmeric manufacturers in India who process and prepare turmeric for export. These manufacturers are responsible for producing both raw turmeric and processed turmeric powder, ensuring high standards of quality for international markets.

Turmeric exporters from India handle the logistics, documentation, and distribution, playing a key role in getting the product from farms to consumers abroad. They also work closely with turmeric wholesalers in India who source raw turmeric directly from farmers and ensure a steady supply for export purposes.

6. Rising Demand for Turmeric in the USA

The popularity of turmeric has surged in the USA, especially due to its health benefits. As more consumers in the U.S. seek natural, wellness-oriented products, turmeric export from India to USA is expected to grow. The spice is commonly used in food products, dietary supplements, skincare, and even as a natural remedy for various ailments.

Conclusion

India’s export of turmeric powder from India and its raw form continues to thrive, particularly with the growing demand in markets like the USA. Turmeric manufacturers in India and turmeric exporters from India play a pivotal role in ensuring the global supply of this highly valued spice. With favorable climatic conditions, expertise in cultivation, and a steady export process, India remains the top supplier of turmeric to the world, especially the United States.

[ibeforg]

India’s Agriculture and Allied Sectors: Trends and Data

Indian agriculture continues to be a vital force, supporting millions and shaping the economy. The agriculture and allied sector in India reflect resilience, with innovations boosting farming in India and ensuring sustainable practices.

With record-breaking foodgrain production in India, the importance of agriculture in India is evident in its contributions to GDP and exports. The future of agriculture in India promises growth through modern technology.

The growth of agriculture in India highlights its pivotal role in economic development. Gain valuable trends and data with the India Brand Equity Foundation!

[matoshreelogistics]

Key Aspects Of International Courier Services & It's Impact

International Courier Services In Kandivali play a crucial role in connecting India globally by facilitating the movement of goods, documents, and packages across borders. Let's shed some light on the key aspects of international courier’s impact.

Trade Facilitation: These services enable Indian businesses to reach international markets by simplifying the export and import processes, helping to boost trade.

E-commerce Growth: With the rise of e-commerce, international couriers allow Indian retailers to sell products worldwide, enhancing their global reach and customer base.

Speed and Reliability: Fast and reliable delivery options help businesses meet international customer expectations, improving customer satisfaction and trust.

Cultural Exchange: By enabling the shipment of products, gifts, and samples, courier services foster cultural exchange and strengthen international relationships.

Support for SMEs: Small and medium enterprises benefit from accessible shipping solutions, allowing them to compete in the global market without the need for extensive logistics infrastructure.

Technological Integration: Our courier services use advanced tracking and logistics technologies, providing transparency and efficiency that benefit businesses and consumers alike.

Customs Clearance Assistance: We provide support in navigating customs regulations, making it easier for companies to comply with international shipping laws.

If you or anyone you might know is searching for International Courier Services In Borivali, then you don't have to worry about anything at all because we are your destination.

The international courier services offered by us are vital for enhancing India’s connectivity with the global economy, driving growth and opportunities for various sectors.  We have years of experience and expertise in this domain, and we always ensure that everything is done according to the requirements of the client. We value your trust, and all your couriers are safe with us.

To avail the courier services, you can reach out to us today, and we will do the needful for you, so you can sit back and relax while your courier reaches the destination.

Credit:- https://matoshreelogistics.blogspot.com/2024/11/key-aspects-of-international-courier-services--its-impact.html

[viexports]

Sustainable practices in Indian rice exports: what’s changing?

In recent years, sustainability has become more than just a buzzword – especially in agriculture, where it is transforming the way food is grown, processed and exported. Indian rice exporters are at the forefront of this change, adopting eco-friendly methods to meet international demand while minimising environmental impact. As the global market increasingly favours sustainable products, these practices are becoming essential for long-term success. But what are the key changes taking place, and how are they reshaping the rice export industry in India?

Introduction to Sustainable Rice Exports

Sustainability is important in the rice sector as the crop has high demands on water, fertiliser and pesticides, which can put pressure on ecosystems if not managed responsibly. Rice exporters are now taking measurable steps to meet international sustainability standards. These efforts appeal to environmentally conscious consumers and align with the global call to reduce agriculture’s carbon footprint. With sustainability certifications such as ISO and Fair Trade coming into vogue, exporters feel that eco-friendly practices are important to remain competitive.

Eco-friendly innovations in rice farming

Rice farming traditionally requires a lot of water and energy, but Indian rice exporters are implementing innovative methods to reduce resource use. For example, alternate wetting and drying (AWD) methods and direct-seeding techniques have become popular to conserve water. Studies show that AWD can save up to 30% of water without affecting yields, Precision farming techniques such as drone-based monitoring and soil sensors allow farmers to use fertilizers and pesticides more efficiently, reducing their environmental impact.

Green Practices in Rice Processing and Packaging

The move towards sustainability has extended beyond the farms to the facilities where rice is processed and packaged. Many Indian rice exporters are using more sustainable packaging materials such as biodegradable bags and recycled cartons to reduce plastic waste. Additionally, zero-waste initiatives at processing plants help reduce energy use and waste by-products. Recycling rice husks and bran for alternative uses such as biofuel or animal feed further contributes to a circular economy within the industry.

The Role of Renewable Energy in Rice Production

Indian rice exporters are increasingly turning to renewable energy sources to power their operations. Solar panels and biomass energy, often derived from rice husks, have become prevalent at many processing plants. These renewable sources not only reduce carbon emissions but also lower operating costs in the long run, creating a win-win situation for both the environment and business. A report by the International Renewable Energy Agency (IRENA) states that solar and biomass energy can reduce greenhouse gas emissions in agricultural processing by up to 30%.

Sustainability Trends in Rice Exports

Sustainable practices will likely become even more integral in rice exports. Demand for organic rice varieties and fair-trade certifications is growing, as is a growing preference for traceable products that inform consumers of their origin and environmental impact. However, challenges remain, such as balancing production costs with sustainable investments. Despite these challenges, the shift towards sustainability is inevitable and will continue to shape the rice export landscape, with Indian rice producers playing a key role in this shift.

By adopting environmentally friendly methods from cultivation to export, Indian rice exporters are paving the way to a more sustainable future. As consumer awareness grows, these efforts not only help conserve resources but also position Indian rice more favorably in the global market.

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The Rising Export Market of Jaggery from India: Insights and Opportunities (2023-24)

Jaggery, a traditional unrefined sugar derived from sugarcane or palm sap, has long held a significant place in Indian culture, praised for its nutritional and medicinal benefits. This article explores India's jaggery export landscape for 2023-24, including key statistics, top exporters, market size, and HS codes, shedding light on why this sweetener has become a highly valued export product.

Introduction to Jaggery: An Indian Heritage Product

Jaggery, also known as gur in Hindi, has been a staple in Indian cuisine and Ayurveda for centuries. Unlike refined sugar, jaggery is rich in vitamins and minerals, making it a healthier alternative that has found increasing popularity worldwide. Approximately 55% of the world's jaggery is produced in India, highlighting the country's dominance in this industry. Tamil Nadu and Uttar Pradesh are the largest jaggery-producing states, contributing significantly to India’s agricultural economy. Colombia, the second-largest producer, accounts for only 11% of global production, underscoring India’s unparalleled position.

Jaggery Export Data for 2023-24: Key Figures

In the fiscal year 2023-24, India exported a staggering 516,746.10 metric tons (MT) of jaggery and confectionery products, valued at Rs. 3,570.77 crores (430.88 million USD). These exports reached a wide range of markets, including the United States, Indonesia, Kenya, the UAE, and Nepal. Notably, February 2024 saw a significant spike in exports, with 1,886 shipments representing a 22% year-over-year increase from February 2023 and a 26% growth from the previous month.

Export Performance and Market Growth

According to updated data, India recorded a total of 15,924 jaggery shipments between March 2023 and February 2024. These shipments were executed by 1,241 exporters and received by 2,969 importers worldwide. This marked a 12% increase in shipments compared to the previous year, indicating the growing global demand for Indian jaggery.

Australia, the UAE, and the United States are among the top import markets for Indian jaggery, reflecting the product's widespread appeal. Additionally, India remains the world’s largest jaggery exporter, with 106,108 global shipments, far surpassing competitors like Sri Lanka (3,005 shipments) and Vietnam (621 shipments).

Top Jaggery Exporters in India

Several companies have established themselves as leading exporters of jaggery from India. Here is a list of top exporters making a mark in the global market:

Royaldivine Produce Products LLP

Krishived Organic Farm

Subbamart Impex

Shiva Ruthra Exports

Clora Export Pvt. Ltd.

Mahalaxmi Overseas

Nani Agro Foods

Yuvaraju Agro Impex

Aum Exports

Balaji Jaggery Farm

These companies have set high standards for quality and consistency, making Indian jaggery highly sought after in international markets.

Global Jaggery Export Landscape: Top Exporting Countries

Beyond India, several countries also play a crucial role in the global jaggery export market. Here is a list of the top jaggery-exporting nations:

Thailand: $864.7 million

China: $480.9 million

France: $439.9 million

Netherlands: $214.4 million

United States: $191.9 million

Belgium: $129.0 million

Germany: $105.7 million

Malaysia: $88.9 million

Austria: $73.1 million

Italy: $66.5 million

Thailand leads the way, with an impressive export value of $864.7 million, followed by China and France. However, India’s position as the largest jaggery exporter highlights its superior capacity and strong global demand.

The Growing Indian Jaggery Market

The packaged jaggery market in India was valued at INR 63.5 billion in 2023. This market is projected to grow at a compound annual growth rate (CAGR) of 12.68% from 2023 to 2032, reaching an estimated INR 186.0 billion. Factors contributing to this growth include the rising awareness of jaggery’s health benefits and an increasing preference for natural sweeteners.

Why Exporting Jaggery from India is Profitable

India’s jaggery export market is a highly profitable venture for several reasons:

High Production Capacity: India produces 60-70% of the world’s jaggery. Around 15% of the sugarcane crop in India is dedicated to jaggery and Khansari (unrefined sugar) production.

Growing Global Demand: As consumers worldwide become more health-conscious, the demand for natural sweeteners like jaggery has surged.

Versatility and Cultural Significance: Jaggery, also known as Bellam in Telugu, Vellam in Tamil, and Charkara in Malayalam, plays a crucial role in many Indian and global cuisines. It is also valued for its medicinal properties.

Given these factors, India has a robust infrastructure of jaggery manufacturers ready to meet the increasing global demand.

Key HS Codes for Jaggery Export

To efficiently navigate the export business, understanding HS codes is crucial. Here are some important HS codes for jaggery:

1701: Cane or beet sugar and chemically pure sucrose in solid form

17011310: Cane Jaggery

17011410: Other cane sugar

These HS codes help streamline international trade and ensure compliance with global export standards.

Tools and Platforms for Jaggery Export Insights

For businesses looking to tap into the jaggery export market, having access to reliable trade data is essential. Platforms like ExportImportData.in provide comprehensive trade data, including updated lists of importers and exporters, HS codes, and shipment details across 100+ countries. This information helps businesses make informed decisions and capitalize on opportunities in the international market.

Conclusion: The Future of Jaggery Export from India

India’s jaggery export market is a testament to the country’s strong agricultural heritage and trading capabilities. As the global demand for natural sugar substitutes continues to rise, jaggery has become a valuable export product. By understanding key HS codes, keeping track of export statistics, and partnering with established exporters, businesses can successfully navigate this profitable industry.

For those interested in exploring jaggery export opportunities or needing assistance with trade data, platforms like ExportImportData.in offer valuable resources. Stay informed, leverage the right data, and be a part of India’s growing jaggery export story.

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Strengthening Pharmaceutical Supply Chains with Leading API Manufacturing Companies in India

In the pharmaceutical industry, API manufacturing companies play a critical role in the development of effective medicines, supplying the essential active pharmaceutical ingredients (APIs) required for drug formulation. India has emerged as a global leader in API production, with a strong network of API suppliers who not only meet domestic demand but also export high-quality APIs to markets worldwide. This prominence is due to a blend of technological advancements, skilled expertise, and a robust regulatory framework that ensures API manufacturers in India adhere to international quality standards.

Why API Manufacturing Companies in India Stand Out

India’s API manufacturing sector has developed significantly due to its commitment to innovation and investment in infrastructure. With state-of-the-art facilities and cutting-edge technology, API suppliers in India are able to produce a diverse range of APIs, including complex and high-demand ingredients. These facilities often feature GMP (Good Manufacturing Practice) certification, adhering to stringent quality control protocols that ensure the reliability, purity, and efficacy of each API produced.

Moreover, India's API manufacturers benefit from economies of scale, which enables them to offer cost-effective solutions without compromising on quality. This advantage makes API suppliers in India a preferred choice for pharmaceutical companies across the globe, especially those looking to maintain quality while managing costs effectively.

Range of Products and Customization Capabilities

API manufacturing companies in India produce a vast array of APIs that cater to various therapeutic areas, including antibiotics, antivirals, oncology drugs, and more. In addition to standardized products, many companies offer customization capabilities, allowing pharmaceutical companies to receive APIs tailored to their specific formulation requirements. This flexibility is particularly valuable for companies working on innovative drug formulations or those looking to enhance existing medications.

The API suppliers also stay updated with evolving industry trends and scientific advancements. As a result, they are prepared to support the pharmaceutical industry's needs for new APIs that are more efficient, stable, and suitable for advanced drug delivery systems.

Commitment to Regulatory Compliance and Quality

API manufacturing companies in India strictly comply with both local and international regulatory standards, including those set by the US FDA, European EMA, and other major health authorities. This rigorous adherence to regulatory standards assures global pharmaceutical companies of the safety and efficacy of APIs sourced from India. The commitment to quality and compliance is a significant reason why India remains a hub for API supply.

Additionally, Indian API suppliers focus on sustainable manufacturing practices, recognizing the importance of environmental responsibility. Many manufacturers invest in eco-friendly technologies, waste management systems, and energy-efficient processes to reduce their environmental impact. This dedication to sustainability makes Indian API suppliers appealing to global clients looking for ethical and sustainable partners.

The Growing Importance of API Suppliers in India

With demand for pharmaceuticals continuously rising, API suppliers in India play an essential role in supporting healthcare innovations and accessibility. The cost-effectiveness, reliability, and commitment to quality offered by Indian API manufacturing companies make them indispensable in the global supply chain.

In conclusion, India’s API manufacturing companies not only meet high industry standards but also offer the scale, innovation, and flexibility required to support the dynamic needs of the pharmaceutical sector. As trusted API suppliers in India, these companies ensure that pharmaceutical businesses worldwide have access to essential ingredients for safe and effective medication production, fostering better health outcomes globally.

[mariacallous]

A staggering sell-off of the stocks of Indian conglomerate Adani Group was sparked last week by a report released by Hindenburg Research that raised questions about the group’s debt levels and use of tax havens. The Adani Group’s stocks declined more than 50 percent in the aftermath of the report’s publication, and those declines have had a massive effect on the wealth of the company’s namesake, Gautam Adani, who had previously been the world’s third-richest person and Asia’s richest overall. The Adani Group has denied the allegations, saying they have “no basis.” But the controversy has focused attention on the group’s central role in the Indian economy and its founder’s close relationship with Indian Prime Minister Narendra Modi.

What accounts for Adani’s rise in the first place? What is the basis for his close relationship with Modi? And what role does the Adani Group play in the Indian economy? Those are a few of the questions that came up in my recent conversation with FP economics columnist Adam Tooze on the podcast we co-host, Ones and Tooze. What follows is an excerpt, edited for length and clarity.

For the full conversation, look for Ones and Tooze wherever you get your podcasts.

Cameron Abadi: Adani has a pretty impressive rags-to-riches story. What were the key turning points on his path to great wealth?

Adam Tooze: It’s a fascinating story. He’s born in 1962, as India’s demographic boom is cresting. And not in a poor family by any means but to a small businessman, a small trading family. He initially embarked on an undistinguished career in school and then headed to commercial college but then dropped out. And in 1978, he entered the diamond trade, which is large in the province of Gujarat, and then sets himself up as a sort of export-import trader. And from the ‘90s onwards, he embarks on the infrastructure projects— management of ports, the construction of railway systems—which will make him famous, indeed legendary. So it’s the story not really of a kind of business genius who has some technological, gee-whiz idea that conquers the world. It isn’t a story of the magnificent technical excellence of Indian IT services, for instance. It’s a more classic story of the accumulation of capital by means of trade, trading on margins, basically, and then a shift into infrastructure.

And this is where the key element in the Adani story comes in, which is politics and the politics of connections and clientelism. And that’s really the decisive moment in his career where, you know, after the ghastly pogroms against the Muslim population of Gujarat in 2002, when Modi is under massive pressure, Adani solidarizes himself with Modi against, at the time, the prevailing mood of Indian business opinion. He in fact breaks ranks and forms his own industrial association, or business association, and on that basis really forms this lasting connection to Modi that is really the distinguishing feature of his business enterprise.

And that’s what has enabled this utterly explosive growth. I mean, this was a still moderately sized business in the ‘90s and the early 2000s, which has now become absolutely a globally scaled enterprise and the foundation for huge wealth for Adani and his family.

CA: What exactly links Adani and Modi’s [Bharatiya Janata Party] BJP party on an ideological level? Do they share a vision for what kind of country India should be? Or is this relationship an expression of a kind of material division of labor—Adani as the economic arm of the Indian state under the BJP in service of further economic development?

AT: I think the key phrase is nation-building—both words in that hyphenated term. So national projects aiming for truly comprehensive scale, which—when you’re dealing with a subcontinental state like India with a population that India has—is a gigantic undertaking.

So for the Adani Group to establish itself the way it has as the key power producer in the private sector, absolutely key player in port infrastructure on the national scale, and absolutely key player in airports—air mobility being key in a country the size of India—now moving into a new position in cement, this is creating a national economy out of the relatively decentralized provincial structures, which until a remarkably recent date dominated the Indian economy. And for the second element—the building part of nation-building—delivery is the absolutely key thing because if there’s one problem the Indian state machine has, it is the capacity to deliver. They have a chronic problem. There is no shortage of brilliant minds that can conceive of wonderful plans but actually implementing policy down to the village level and across the entirety of this vast country, that’s a huge challenge.

And I think it’s the combination of those two elements that really has forged the almost mythic relationship between Modi on the one hand and these two big business groups: [Indian businessman Mukesh] Ambani on the one hand and Adani on the other—both from Gujarat. And I think that’s another element that you could say was also a kind of ideological narrative, which is the talk of the Gujarat model. To put it crudely, you might say it was a sort of Indian Thatcherism or an Indian neoliberalism. It was a break, as in the case of [former British Prime Minister Margaret] Thatcher, driven from within the government machine, in this case in the province of Gujarat, against the rather top-down, state-directed model inherited from the Nehruvian period of early independence, the 1940s to 1950s, where India toyed with socialist, social-democratic planning models. And this is replaced in the ‘90s and the 2000s by this Gujarat model, which is a kind of open embrace of a productive powerhouse relationship between big business interests and government.

CA: Could you summarize the allegations against Adani from Hindenburg Research—and what does this episode reveals about the role played by short sellers like Hindenburg Research in the global capitalist economy?

AT: First, we can’t stress strongly enough, the Adani Group vigorously disputes the allegations. But the allegation is that through a network of essentially family-linked holding companies held to a considerable extent outside India, the Adani Group dramatically inflated the value of its stock. So around about 75 percent of Adani shares are held by other businesses, according to Hindenburg Group, which are in a sense simply postbox entities situated in offshore places like Mauritius, for instance, which drive up the stock value of the Adani Group. And the significance of that is not only that it brings paper gains for the holdings of the key members of the family, but much more importantly, what it enables them to do is to leverage those high stock values, to get bank loans and to get credit, which then turns into real purchasing power with which you can then launch large investment projects, buy out rivals, and actually reshape India’s political economy.

Now the Hindenburg group in pursuing this case is, in a sense, involved in playing a game in India that it has played elsewhere. They’re an interesting, very small research outfit that specializes in doing—I’m not sure I would call them regulators. It’s a little bit more like private investigator kind of work. They seize on a cause. They then decide that a company is massively overvalued. They do their homework. They then take short positions and through the force of their research attempt, as it were, to drive the value of the firm down, which generates large profits on their short positions.

The sophisticated Indian response, I think, is that there’s really an element of culture clash here. There aren’t many players in the Indian financial markets who imagine that the value of the Adani Group is determined in a conventionally free and fair way because people aren’t naive about the way in which India’s political economy operates. And so the sophisticated rationale for what’s going on in India is that Indian financial investors know that this is part of the Adani Group’s business plan. And with the backing that they enjoy in political circles, they are not just too big to fail but essentially identified with the Modi-ite project. So long as that is hegemonic in Indian politics, these businesses cannot fail. So there is in fact very little risk that you won’t get paid back. And to that extent, no harm, no foul.

But what actually is happening is that India’s economy is becoming progressively more and more distorted by this self-sustaining linkage between high market valuations, large credit, and deep political connections constituting a too-big-to-fail kind of juggernaut that can’t be stopped. And the negative consequence of that is not in terms of an investor protection case—if you’re on this train, you’re probably going to be fine. The real issue is what it does to the Indian economy and what it does, by implication, also to Indian society.

CA: What does Adani reveal about the role of the super wealthy in countries at India’s stage of development? Does Adani act as an engine of domestic development through reinvestments in the country or through philanthropy? Or is it instead that he takes his money out of the country and insulates himself from the Indian economy?

AT: What’s really interesting is that this is not, I think, as far as we’re able to assess anyway, a Russian-style model. I mean, this is an immensely wealthy family. They will have property in many parts of the world. But this is not a model like the Russian oligarch one, where you pump oil and gas in Russia, you sell it for dollars, and then you stash those dollars in a Swiss bank account. That is the kind of classic model of truly offshore oligarchic finance that is draining resources from a country. And as far as we’re able to assess, the Adani Group is using offshore money to sustain and double down on their positions in India. The purpose is to raise more credit so as to be able to do more investment in India. So this is not an instance, I think, of a group that is operating primarily in an extractive mode.

The Adanis have also become very heavily involved in philanthropy. For the occasion of Gautam’s 60th birthday, they launched one of the largest philanthropic initiatives that India has seen since the glory days of the Tata family. They pledged $7.7 billion in 2022—so very considerable amounts of money in the kind of league of [billionaire] Bill Gates at that stage.

CA: What does Adani’s career and his wealth tell us about the Indian economy in general? What kind of capitalist country is India exactly?

AT: If you go to Delhi and you speak to economists, that’s the question that preoccupies them. And the upside story, the one that the proponents of this system favor, is that it’s a South Korean-style, chaebol-type system where you have these very, very powerful conglomerate families like the Samsung Group. So that’s the most favorable vision, that these powerhouse private, public-private partnerships will be the drivers of an Indian industrial development or modernization like that of South Korea.

And on the darker end of the spectrum, the fear is that you could see the development of a crony capitalism that shifts ever more towards the more ominous sort of Russian development where you have quite fundamental erosion of the rule of law. The real worry, I think, is that you could see a much more fundamental degeneration of competition, of civil society control, and that is why many people regard the acquisitions by these big groups in the media space as being so worrying because one of the consequences of that is that freedom of speech is increasingly curtailed and even tenure in universities becomes problematic.

But setting all of these big sort of historical analogies aside, ultimately, the rationale and the acid test of this system will be what political scientists call output legitimacy. Can they get the job done? Are they actually going to be able to deliver on a raft of big infrastructural projects that India needs over the next decades—notably, for instance, in the renewable energy and the sustainable energy space? In the end, these corporate stories have to translate into the infrastructure that enables that more broadly based macroeconomic growth.

[exim-pedia]

Edible Oil Exports from India: A Comprehensive Overview of the Growing Industry

India's edible oil market is robust, playing a crucial role in the global edible oil industry. With an expanding export landscape, India has made significant strides, positioning itself as one of the prominent players in the edible oil sector. This article delves into the statistics, top exporters, importing countries, and the overall impact of Edible Oil Exports from India on the global market.

The Importance of Edible Oil in India

Edible oil is a staple in Indian households and culinary traditions, with regional preferences dictating the type of oil used. Northern India favors mustard oil, while coconut oil is commonly used in the south. India stands as the second-largest consumer of edible oil worldwide and is also one of the leading producers. As Indian edible oils gain popularity globally, India has risen as a key exporter of edible oils.

Edible Oil Production in India: An Overview

India's agricultural economy benefits significantly from oilseed production. For the fiscal year 2023-2024, India produced an estimated 39.59 million tons of oilseeds, contributing between 5-6% of the world’s oilseed production. Key oilseed-producing states in India include:

Andhra Pradesh, Gujarat, Karnataka, Tamil Nadu: Groundnut production

Madhya Pradesh, Maharashtra, Rajasthan: Soybean production

Haryana, Rajasthan, Uttar Pradesh, West Bengal: Mustard production

These regions collectively contribute over 95% of the country’s edible oil production.

Growth Projections for India’s Edible Oil Market

The edible oil market in India is projected to grow at a compound annual growth rate (CAGR) of 4.8% from 2022 to 2027, reaching USD 268.9 million. With increasing urbanization, changing food habits, and rising disposable income, demand for high-quality edible oils is set to grow. The Indian edible oil market is expected to expand from 24.7 million metric tons in 2023 to 27.9 million metric tons by 2032.

Key drivers include:

Urbanization: Changing eating habits and food choices

Increased disposable income: Rising preference for premium oils

Processed food demand: Usage of edible oil as a preservative and flavor enhancer

Edible Oil Export Data: India (2023-24)

India exported 7,070 shipments of edible oil from March 2023 to February 2024, with 300 exporters supplying products to 1,798 buyers globally. This marked a 115% increase in shipments compared to the previous year. Notably, India’s exports of oil meals, oilseeds, and minor oils reached 3.46 million tons, valued at Rs 14,609 crores in the fiscal year 2022-2023.

Top export destinations for Indian edible oil include the United States, China, and the Netherlands. In February 2024 alone, India shipped 503 edible oil cargoes, representing a 14% decrease from January 2024 and a 5% drop from February 2023 on a year-over-year basis.

Leading Indian Edible Oil Exporters

India's top edible oil exporters include major companies contributing to the country’s substantial exports:

Adani Wilmar Limited

Agro Tech Foods Ltd. (ConAgra Brands Inc.)

BCL Industries Ltd.

Bunge India Private Limited

Cargill India Private Limited

Emami Agrotech Limited

Gulab Oil And Foods Pvt. Ltd.

Sri Basant Oils Ltd.

AJ-overseas Trade

Shiv Nandi Oil

These companies play a vital role in meeting global edible oil demands, consistently delivering high-quality products.

Top Global Exporters and Importers of Edible Oil

Global demand for edible oil is substantial, with Malaysia leading the way as the largest exporter, followed by Indonesia and the Netherlands.

Top Exporting Countries

Malaysia - USD 1.66 billion

Indonesia - USD 1.52 billion

Netherlands - USD 424 million

Germany - USD 354 million

China - USD 342 million

Top Importing Countries

China - USD 786 million

Netherlands - USD 515 million

United States - USD 325 million

Malaysia - USD 271 million

Germany - USD 225 million

China, the Netherlands, and the United States represent significant markets for Indian edible oil exports, providing Indian exporters with opportunities for trade growth.

How Exportimportdata.in Supports Edible Oil Exporters

For those interested in entering the edible oil export market, platforms like Exportimportdata.in offer comprehensive, real-time data on edible oil exports and imports by country, connecting exporters with genuine buyers worldwide. The platform’s insights allow businesses to optimize trade strategies and make informed decisions.

Final Thoughts

India’s edible oil export market is growing, with significant global opportunities for Indian exporters. By adhering to international standards, maintaining quality, and implementing effective marketing strategies, Indian exporters can capitalize on this expanding sector. Exportimportdata.in offers the resources needed to support this journey, ensuring access to reliable and actionable data.

FAQ

Who are the top edible oil exporters from India?

Key exporters include Adani Wilmar, Agro Tech Foods Ltd., BCL Industries, Bunge India, and Cargill India.

Which countries import the most edible oil?

China, the Netherlands, the U.S., Malaysia, and Germany are among the largest importers.

What is the market growth expectation for edible oils in India?

The market is expected to grow from 24.7 million metric tons in 2023 to 27.9 million metric tons by 2032.

How much edible oil did India export between March 2023 and February 2024?

India exported 7,070 shipments, with a 115% increase compared to the previous year.

For more details on India’s edible oil export statistics and to connect with potential buyers, visit Exportimportdata.in.