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India Eyes Rapeseed Meal Export Revival to China Amid Widening Price Gap

India is positioning itself to reclaim its share in China’s rapeseed meal market, leveraging a significant price advantage over global competitors amid tightening supplies and rising international rates.
TheSolvent Extractors’ Association (SEA) has urged the Ministry of Commerce to engage Chinese authorities in relaxing import restrictions, which currently limit exports to just three Indian facilities approved by China’s customs administration.
With Indian rapeseed meal priced at $202/tonne (Ex-Kandla FAS) versus $308/tonne (Ex-Hamburg) internationally, Indian exporters see a strong opening to re-enter the Chinese market—especially as China faces supply constraints from its main suppliers, Canada and the EU.
However, the Indian oilmeal export sector is also contending with competition from Distillers Dried Grains with Solubles (DDGS), a protein-rich ethanol byproduct increasingly used in animal feed, which may impact traditional demand.
Despite record harvests in soybean and mustard crops boosting domestic meal supply, global price disparity continues to dampen export demand.

Key Takeaways :

  • Price Edge: Indian rapeseed meal at $202/tonne vs international rate of $308/tonne, creating strong export potential.
  • Limited Access: Only 3 Indian plants are currently approved by China for rapeseed meal exports.
  • SEA's Appeal: Industry body urges government to push for relaxed Chinese import norms.
  • Market Opportunity: Supply constraints in Canada and EU open doors for India in China’s animal feed market.
  • DDGS Disruption: Rise of ethanol byproduct DDGS is reshaping feed industry demand and competing with traditional oilmeals.
  • Production Boost: Record soybean and mustard harvests have increased meal availability in India.
  • Export Slowdown: Export demand remains weak due to uncompetitive international pricing.
  • April Export Stats:
  • Total oilmeal exports: 4,65,863 tonnes (up from 4,65,156 tonnes in April 2024)
  • Rapeseed meal exports: 2,13,023 tonnes
  • Soybean meal exports: 2,30,743 tonnes
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India Gears Up for Global EV Leadership with Bold Vision and Rapid Growth

India is shifting gears towards a cleaner, greener future, setting the stage to become a global leader in electric vehicles (EVs). With one of the world’s largest automotive markets and a fast-growing population, India is driving innovation and investment in EV technology at an unprecedented pace.
The nation’s EV market is on a high-voltage growth track—expected to surge from ₹27,417 crore (US$ 3.21 billion) in 2022 to a staggering ₹9,73,589 crore (US$ 113.99 billion) by 2029. Former NITI Aayog CEO and G20 Sherpa, Mr. Amitabh Kant, emphasized the urgency of transitioning to sustainable mobility, warning that delay could cost India its shot at becoming the world’s top EV manufacturer.
By 2030, India aims to have:
  • 30% EV market penetration
  • 80 million EVs on the road
  • A booming EV battery market worth ₹2,36,586 crore (US$ 27.70 billion)
Government initiatives like the PM E-Drive scheme> are accelerating progress by offering incentives, infrastructure development, and industry partnerships. The government’s ‘7C Vision’ – Common, Connected, Convenient, Congestion-free, Charged, Clean, and Cutting-edge – is paving the way for affordable financing and a robust charging ecosystem.

Key Highlights: India’s EV Revolution

  • Explosive Market Growth:
From ₹27,417 crore (2022) to ₹9,73,589 crore (2029) – a 35x increase in market value.
  • Ambitious National Target:
80 million EVs on Indian roads by 2030 with a 30% share in overall vehicle sales.
  • Battery Market Surge:
Projected to grow from ₹1,43,233 crore (2023) to ₹2,36,586 crore (2028).
  • Policy & Infrastructure Push:
PM E-Drive scheme, state incentives, and industry-government collaboration are accelerating EV adoption.
  • Charging Network Expansion:
Over 12,000 public charging stations in operation; 1.32 million needed by 2030.
  • 7C Vision for EV Mobility:

A strategic framework promoting sustainability, convenience, and innovation.

  • Industry Leaders in Action:
Tata Motors, Mahindra & Mahindra lead the charge, with strong support from JSW and Reliance Infrastructure.
  • Future Projections (S&P Global Mobility):
EV penetration to hit 19% by 2030 and 32% by 2035.
  • Collaborative Ecosystem:
Joint efforts in local manufacturing, battery R&D, and skill development are essential for long-term success.

With strong policy support, industry commitment, and an innovation-driven mindset, India is well on its way to becoming a global powerhouse in electric mobility—clean, connected, and future-ready.

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India–UK FTA Set to Double Apparel and Textile Trade by 2030

India’s apparel and home textiles exports to the UK are on track to see a major boost, with trade volumes expected to double over the next 5–6 years. This surge is attributed to the recently concluded Free Trade Agreement (FTA) between the two nations, according to a report by credit rating agency ICRA.

Key Highlights :

  • The India–UK FTA is projected to become operational in calendar year 2026, pending legal review.
  • In CY2024, the UK imported $1.4 billion worth of apparel and home textiles from India.
  • This accounted for a 6.6% share of the UK’s total textile imports.
  • Currently, UK imposes 8–12% duty on apparel and home textiles from India.
  • The FTA will eliminate tariffs on 99% of Indian goods, including textiles.
  • To meet growing demand, new manufacturing capacities are expected to be added in 4–5 years
With zero tariffs and strategic capacity building, the FTA could unlock a new era of textile trade growth between India and the UK.
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India’s Smartphone Exports Overtake Petroleum & Diamonds to Top Export Charts

In a dramatic shift in India’s export landscape, smartphones have surged past petroleum products and diamonds to become the country’s #1 export item, according to recent government data.

Fueled by booming global demand and policy-driven momentum, India is fast emerging as a global smartphone manufacturing powerhouse.

Key Highlights:

  • Massive Growth in Smartphone Exports
  • 2024–25: $24.14 billion
  • 2023–24: $15.57 billion
  • 2022–23: $10.96 billion
  • 55% year-on-year jump in 2024–25
  • The US & Japan Lead the Surge
  • USA:
  • 2022–23: $2.16B → 2024–25: $10.6B (nearly 5x growth)
  • Japan:
  • 2022–23: $120M → 2024–25: $520M (4x increase)
  • Europe Joins the Party
  • Netherlands: $1.07B → $2.2B
  • Italy: $1.07B → $1.26B
  • Czech Republic: $1.07B → $1.17B
  • Policy Push Pays Off
  • The Production-Linked Incentive (PLI) scheme has played a pivotal role
  • Attracted new investments
  • Boosted local manufacturing
  • Strengthened India’s role in global supply chains
  • Historic First
  • Smartphones now surpass petroleum and diamonds traditionally India’s top exports
“This rapid ascent is transforming India into a key global hub for smartphone manufacturing and exports,” said a senior Commerce Ministry official.
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Adani Ports & JSW Infra Accelerate Logistics Expansion

India’s top private port operators — Adani Ports and SEZ (APSEZ) and JSW Infrastructure (JSW Infra) — are going full steam ahead into logistics. With fewer profitable port assets left to acquire, both players are doubling down on integrated end-to-end logistics solutions to drive growth, boost cargo volumes, and improve client revenues.

Why It Matters:

By building out inland logistics infrastructure, these companies aim to:

  • Enhance cargo handling efficiency
  • Offer seamless supply chain solutions
  • Unlock new revenue streams through value chain integration

Adani Ports: Pushing for Integrated Transport Leadership

  • Operates 132 rakes, 12 multimodal logistics parks (MMLPs), and 3M+ sq ft of warehouse space
  • Owns 6,000 containers, 937 trailers, and extensive trucking fleets
  • Controls 18,250 hectares of industrial land, with 1,528+ acres under development at key logistics hubs
  • Goal:Become a full-fledged Integrated Transport Utility
  • FY25 Logistics Revenue: ₹2,881 crore (+38.6% YoY)
  • EBITDA: ₹642 crore (+18.9% YoY); Margins slipped from 26% to 22%
  • Trucking revenue: ₹428 crore in FY25 — projected to triple in FY26
  • Plans ₹20,000–20,500 crore capital investment by FY30 in trucks, trains, MMLPs, warehouses, and agri-silos

JSW Infra: Building a Nationwide Logistics Network

  • AcquiredNavkar Corporation for ₹1,644 crore in FY25
  • Eyes more acquisitions via NCLT and open market
  • Currently operates 2 Gati Shakti Cargo Terminals (GCTs); plans 15–20 GCTs across India in 5 years
  • Using 100 acres in Morbi (Gujarat) & Panvel (Maharashtra) for logistics expansion
  • Following an asset-light model to boost capital efficiency
  • FY25 Logistics Revenue: ₹250 crore; EBITDA: ₹41 crore
  • Targeting 50% growth in FY26 logistics revenue
  • Aims for ₹8,000 crore logistics revenue and 25% EBITDA margin by FY30
  • Has set aside ₹9,000 crore for logistics investments between FY25 and FY30

Expert Take:

  • Expansion into logistics is seen as a strategic next step for port operators
  • Despite high capital outlay, upstream integration offers long-term value
  • Risks include thin margins in the logistics business and uncertain ROI
  • Analysts caution that massive capex could strain balance sheets if growth lags.
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Vietnam’s Chu Lai Port and RCL Team Up to Launch Direct India Shipping Route

In a strategic move to boost regional trade,Truong Hai International Logistics Limited Liability Company (THILOGI) has partnered with Regional Container Lines (RCL), a leading Thailand-based shipping firm, to launch a direct shipping route between Chu Lai (Vietnam) and India.

Key Highlights:

  • Direct Service Launched

On May 16,Chu Lai Port welcomed the Chana Bhum, a Singapore-flagged vessel operated by RCL, marking the inaugural voyage on the Chu Lai–India route.

  • Cargo Movement:

The maiden journey carried nearly 800 containers of import-export cargo including:

  • Automotive spare parts
  • Garments
  • Furniture
  • Agricultural products
  • Strategic Trade Ties:
  • India is Vietnam’s largest trading partner in South Asia, contributing to 80% of Vietnam’s exports to the region.
  • The new service supports trade in agricultural goods, particularly from Central Vietnam and neighboring regions.
  • Service Frequency & Reach:
  • Two sailings per month on the Chu Lai–India route.
  • Enhanced access to other key markets including China, South Korea, and Japan.
  • Major Benefits:
  • Reduced transit times and lower shipping costs by bypassing northern/southern transshipment hubs in Vietnam.
  • Boosts competitiveness for Vietnamese exporters.
  • Strengthens Chu Lai Port’s position on the global maritime map.

Infrastructure Milestone:

  • Ky Ha Channel Dredging Completed:

On the same day, THILOGI announced the successful dredging of the Ky Ha shipping channel, now capable of handling vessels up to 30,000 DWT.

Chu Lai Port Overview:

  • Location: Chu Lai Open Economic Zone, Quang Nam Province
  • Area:140 hectares
  • Operational Since: May 2012
  • Function: Multimodal logistics hub connected to major railways, airports, and highways
  • Strategic Role:Key node on the East-West Economic Corridor, facilitating cross-border trade with Southern Laos and Northern Cambodia.
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India Imports 2.88M Tons of Iron Ore Jan–Apr, Up 76% YoY Amid Domestic Supply Gaps

India’s appetite for imported iron ore continues to grow, even as domestic production hits historic highs. From January to April 2025, the country imported approximately 2.88 million tons of iron ore (including fines and pellets), marking a 76% year-on-year increase, according to trade data reported by Kallanish.

Key Highlights :

  • 📈 Imports Soar : Iron ore imports reached 2.88 million tons in Jan–Apr 2025 — up 76% vs. the same period last year.
  • 🌍 Top Suppliers: Oman and Australia emerged as the leading sources of these imports.
  • 🏭 JSW Steel Leads Demand : The steel giant was the largest importer, reportedly sourcing ore from Oman for its western India plants amid local supply issues.
  • 🌧️ Domestic Disruption : Prolonged monsoons in late 2024 disrupted mining operations, tightening local supply.
  • ⛏️ Production Milestone : India produced 289 million tons of iron ore in FY2024/25 — a record high, up 4.3% YoY.
  • 🔄 Pellet Capacity Expands : Pellet production rose to 105 million tons, supported by growing use in blast furnaces and expansion of steelmaking capacity.
  • 🧱 Installed Capacity Growth : Pellet design capacity rose to 164 million tons per year, up from 148 MT in FY2023/24 (BigMint data).

Despite a strong domestic mining performance, India’s growing steel sector and periodic supply chain interruptions are prompting a greater reliance on overseas sourcing — especially for key players like JSW Steel.

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India Close to Signing Trade Deal with Oman as Gulf Engagement Gains Momentum

India is on the cusp of finalizing a Free Trade Agreement (FTA) with Oman, one of its oldest strategic partners in the Gulf region. The deal is expected to deepen economic ties and open new avenues for trade and investment.
According to The Economic Times, the India-Oman Comprehensive Economic Partnership Agreement (CEPA), which was formally launched in November 2023, is in its final stages.

“Only a few issues are left to be resolved with Oman and an announcement could be made this month,” a source involved in the negotiations revealed.

Key Trade Highlights :

  • Exports to Oman (Apr–Feb FY25): $4.42 billion
  • Imports from Oman: $4.52 billion
  • Top Indian exports :
  • Light oils and preparations
  • Ships and floating structures
  • Aluminium oxide (excluding artificial corundum)
  • Rice, mechanical appliances, sunglasses, aircraft
  • Agricultural items such as fruits, vegetables, spices, tea, and coffee
  • Major imports from Oman:
  • Petroleum products and urea (over 70% of total imports)
  • Polymers of propylene and ethylene, pet coke, gypsum, chemicals, iron and steel
The economic relationship goes beyond trade. India and Oman have recently updated their Double Taxation Avoidance Agreement (DTAA), aligning it with global standards to facilitate smoother cross-border transactions.

💼 Investment Ties:

  • As of December 2023, joint venture investments in Oman stood at $776 million.
  • FDI inflows from Oman to India (Apr 2000 – Jun 2024): $597.14 million (Source: Indian Embassy in Oman)

🌐 Strengthening Gulf Partnerships

India’s engagement with Oman is part of a broader strategy to enhance economic cooperation across the Gulf:
  • An FTA with the UAE has already been signed
  • Talks are ongoing with the Gulf Cooperation Council (GCC), which includes:
  • Saudi Arabia
  • UAE
  • Qatar
  • Kuwait
  • Oman
  • Bahrain
  • India is also seriously considering an FTA with Qatar, following the Emir’s visit to New Delhi in February 2025. Qatar has expressed strong interest in increasing investments in India.
These developments reflect India’s growing focus on building robust economic linkages in the region, especially in sectors like trade, energy, infrastructure, and security.
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UN Report: India Defies Global Slowdown with Robust 6.3% Growth in 2025

Despite a slight downward revision, India continues to hold its ground as one of the fastest-growing large economies in the world, according to the United Nations’ latest ‘World Economic Situation and Prospects: Mid-2025’ report released on Thursday.
The UN has scaled down India’s GDP growth forecast for 2025 to 6.3%, a dip from its earlier 7.1% projection for 2024. But the tone of the report remains optimistic — India’s growth story is far from losing steam.
“India remains one of the fastest-growing large economies, driven by strong private consumption and public investment, even as growth projections have been lowered,” said Ingo Pitterle, Senior Economic Affairs Officer at the UN DESA, during a press briefing.

What’s Fueling India’s Momentum?

India’s resilience is backed by robust domestic demand, aggressive government capital expenditure, and a thriving services sector, especially in IT and finance. These pillars are helping India power through a global environment riddled with uncertainty, from trade tensions and tariff wars to inflation and geopolitical shifts.
According to the report, while global supply chains are under pressure and many economies are slowing, India’s economy is defying the odds thanks to:
  • Strong private consumption – especially in urban and semi-urban markets
  • Continued public infrastructure investment – creating jobs and boosting demand
  • Export growth in services – particularly tech-driven sectors

Long-Term Positives

India’s young population, digital innovation ecosystem, and ongoing policy reforms in manufacturing and infrastructure are cited as long-term strengths. The report sees these factors helping the country maintain a stable and upward economic trajectory, even as global headwinds persist.

The Big Picture

In a year when many economies are tightening belts, India is still expanding its footprint. While the 6.3% forecast is lower than earlier expectations, it still positions the country as a standout performer on the global economic stage.
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NICDC’s ₹5,942 Cr Multi-Modal Logistics Hub at Dadri Gets Green Light

In a major step to enhance India’s logistics infrastructure, the National Industrial Corridor Development Corporation Ltd (NICDC) has secured government approval for a ₹5,942 crore (₹59.4 billion) Multi-Modal Logistics Hub (MMLH) at Dadri in Greater Noida. The project will be implemented under a Public-Private Partnership (PPP) model, with funding led by private firms.
The facility is designed to be a state-of-the-art logistics gateway, boosting connectivity and cargo handling capacity in the National Capital Region (NCR).

Key Highlights:

  • Project Cost: ₹5,942 crore (₹59.4 billion) funded by private operator
  • Supporting Infrastructure: ₹2,337 crore (₹23.3 billion) to be funded by the government for land acquisition, rail yard prep, and connectivity
  • Location Advantage:
  • Strategically positioned at the junction of the Eastern & Western Dedicated Freight Corridors
  • Connected to NH34, Eastern Peripheral Expressway, and Jewar International Airport
  • Facility Overview:
  • Total Area: 334 hectares
  • 3 Development Phases to handle:
  • 1.44 million TEUs (container units)
  • 7.8 million tonnes of non-container cargo
  • 3 million sq ft of warehousing
  • 0.3 million sq ft of cold storag
  • Smart Logistics Capabilities:
  • Mechanized warehousing & cargo handling
  • Specialized storage solutions
  • Value-added services like cross-docking, stacking, labeling, and customization
  • Revenue Model:
  • Concession period: 45 years (including 2 years of construction)
  • Contract awarded to the bidder offering the highest Minimum Guaranteed Revenue (MGR) to NICD
  • Revenue share applies only to concessionaire’s gross revenue from sub-licensing (warehousing & commercial use)
  • Investment Safeguards:
  • Enhanced equity lock-in: 2 years (vs. standard 6 months)
  • Bidder eligibility based on 10-year technical capacity (vs. standard 5 years)
  • No competing facility to be developed within a 100 km radius for 10 years
  • Rail & Road Access:
  • Rail siding to be developed for high-capacity freight movement
  • 17 internal tracks to be built by DMIC
  • Rail & road connectivity to be completed before commercial operations begin
  • Economic Impact:
  • Boosts industrial efficiency in the NCR and UP
  • Attracts investment with global-standard logistics infrastructure
  • Functions as a dry port, enhancing export-import throughput
With its integrated multimodal connectivity and modern facilities, the Dadri logistics hub is set to become a key logistics node for North India and a catalyst for economic growth in the region.
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