India and Brazil are not only strategic partners but natural allies. This was, according to Confederation of India Industry (CII), the unanimous voice of a recent Brazilian industry delegation coming to Mumbai to promote trade and investment. CII in associati...full story

Shri Subodh Kant Sahai, Union Minister for Food Processing Industries, has stressed the need to confer the same status on the Food Processing industry as has been conferred upon the Infrastructure industry. Talking to various representatives of the Industry at...full story

US-based agro-business giant Archer Daniels Midland Company (ADM) is expanding in India. The Foreign Investment Promotion Board (FIPB) has just cleared a proposal for setting up an Indian entity through a subsidiary in Mauritius, the Ministry of Finance has i...full story

Jain Irrigation, irrigation specialist and supplier and exporter of dehydrated vegetables, fruit pulp and puree, plans to expand the profile of dehydrated vegetable business by adding carrot, capsicum, green peas and leek following good export orders for dehyd...full story

The India- MERCOSUR Preferential Trade Agreement has come into effect from 1st June, 2009, the Ministry of Commerce has announced. MERCOSUR is a trading bloc in the Southern part of South America, comprising of Argentina, Brazil, Paraguay and Uruguay. It was ...full story

A week after India's new coalition government got down to work with the old and new Prime Minister Manmohan Singh, the remaining portfolios have been allotted to the ministers, many of them known faces from the earlier government. Already last week, veteran P...full story

The Dutch electronics group Philips has announced that it would acquire Saeco International Group S.p.A., the Italian espresso machine maker. Saeco has a 30 per cent share of the European coffee maker market and had a full-year turnover of €318 million and 140...full story

A new giant in the global food market is currently created in Brazil through the merger of Perdigao SA and Sadia SA. Under the new name Brasil Foods SA, the merged company will become the world’s leading exporter of processed meat and chicken. The merger crea...full story

The total import of sensitive items for the period April-March 09 has been Rs.45877.3 crore (approx. 7.6 bn Euros) as compared to Rs.35919.3 crore during the corresponding period of last year, the Ministry of Commerce & Industry has informed in a release. The ...full story

Two Central Public Sector Undertakings have contracted 64,000 tonnes of pulses since 1st April this year, the Ministry of Consumer Affairs, Food & Public Distribution has informed. MMTC has contracted 35,000 tos and PEC 29,000 tons. The contracted pulses woul...full story