Whalesbook
Trade Boost: FTAs Unlock Wider Markets for India's Agri-Food Sectors
India's burgeoning network of Free Trade Agreements (FTAs) is set to significantly broaden market access for its agriculture and food processing industries, Minister of State for Commerce and Industry Jitin Prasada announced Friday. These pacts provide crucial pathways for Indian produce into international markets.
Prasada detailed recent agreements finalized with key partners including Mauritius, Australia, the EFTA bloc, the United Kingdom, Oman, and New Zealand. "Our produce has access to these markets," he stated, emphasizing the strategic importance of these trade deals in fostering sector growth and increasing export revenues.
Ease of Doing Business Push
Beyond trade pacts, the government is actively working to streamline domestic regulations. Prasada highlighted efforts to eliminate unnecessary compliances and regulatory burdens that can stifle investment and foreign participation. This initiative aims to create a more conducive environment for businesses, effectively rolling out the "red carpet for investment."
The minister spoke at the World Culinary Heritage Conference 2026, part of the three-day Indusfood show. India currently boasts over 40,000 registered agro-based processing units. Prasada stressed the need to shift focus towards maximizing revenue generation from this substantial base.
Global Culinary Showcase
The Indusfood show, organized by the Trade Promotion Council of India (TPCI), has attracted participants from over 120 countries. TPCI chairman Mohit Singla noted the presence of buyers and exhibitors from nations such as China, Jordan, the UAE, Saudi Arabia, the Philippines, Nepal, and Lebanon. The event also convenes 30 global and 350 Indian chefs, alongside policymakers and industry leaders, serving as a hub for discussing culture, cuisine, commerce, and sustainability.