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target
Commodities India’s open market rice sale norms will likely help meet 20% ethanol blending target
The Indian government revised its standard operating procedure for sale of rice to ethanol distilleries for the 2026-27 supply year, allocating 7.2 million tonnes from FCI stocks and fixing prices at ₹2,320 per quintal till October 31 and ₹2,390 after. Trade experts say the move will help meet the 20% ethanol blending target while utilizing aged stocks, though large diversion may affect non-basmati rice exports.
Trade India Targets 10% Share in Global Merchandise Exports by 2047: WTO Report
India aims to increase its share of global merchandise exports from about 1.8% in 2024 to around 10% by 2047, according to a WTO report. The report highlights export promotion under the Viksit Bharat vision, India's stance on WTO reform, and recent customs duty changes eliminating the highest rates.
Trade India Targets $1 Trillion in Exports This Fiscal Year, Says Piyush Goyal
India's Commerce Minister Piyush Goyal announced a target of $1 trillion in exports for the current fiscal year, up from $863 billion last year. Goods exports must grow 17% to $530 billion, and services 11% to $470 billion. The minister also noted operational FTAs with Oman and UAE, and an expected India-UK deal by July 15.
Commodities India’s Wheat Procurement Surpasses 35.5 Mt Target, Up 19% Year-on-Year
The Indian government's wheat procurement has exceeded its revised target of 35.54 million tonnes, reaching 35.76 million tonnes as of June 21, a 19% increase from the same period last year. Nearly 68% of the procured wheat was under relaxed quality specifications. Central Pool stocks stood at 53.41 million tonnes as of June 1, the highest since 2021.
Trade India on track for $1 trillion exports in FY27, says Piyush Goyal amid US trade deal talks
Union Minister Piyush Goyal reaffirmed India's target of $1 trillion in exports by fiscal year 2026-27 (FY27), citing free trade agreements and ease of doing business. He also revealed that India and the US have finalised the framework for a trade agreement, pending tariff advantage. Cumulative exports in April-May 2026-27 rose 14.66% year-on-year to $162.69 billion. Separately, Goyal announced that the bulk of the ₹10,000-crore Startup India Fund of Funds 2.0 is earmarked for AI startups, and highlighted Mumbai's advantage for data centre investments.
Business US retail giant Target signs ₹1,250 crore lease for 8.3 lakh sq ft at Bengaluru's Manyata Business Park
US retailer Target has taken on a 10-year lease for 8.3 lakh sq ft at Manyata Embassy Business Park in Bengaluru, with a total rental value of ₹1,250 crore. The lease, starting September 2025, includes a monthly rent of ₹8.73 crore and a 15% escalation every three years, underscoring the growing trend of GCC expansion in Bengaluru's tech ecosystem.
Business Tata Consumer Products Crosses Rs 20,000 Crore Revenue, Eyes 25% Annual Growth From Acquisitions
Tata Consumer Products has surpassed Rs 20,000 crore in annual revenue. Chairman N Chandrasekaran said acquisitions Capital Foods, Soulfull and Organic India are expected to grow 25% per year. The Tata Starbucks joint venture turned profitable in FY26 and plans to add 50–100 stores annually.
Logistics Target Opens $367M Food Distribution Center in Colorado
Target has inaugurated a $367 million food distribution center in Thornton, Colorado, aimed at improving supply chain efficiency and product availability for 129 stores across 11 states. This facility, the largest of Target's nine food distribution centers, will expedite replenishment and reduce transportation costs.
Commodities Wheat Procurement Surpasses Target with 17% Surge
Wheat procurement in India surged 17% to over 35 million tonnes for the 2026-27 season, exceeding the target of 34.5 MT. This increase was driven by robust domestic production and favorable mandi rates.
Commodities India's Wheat Procurement Surpasses Revised Target Amid Record Production
India's wheat procurement for buffer stocks has surpassed the revised target of 34.5 million tonnes, reaching 34.99 million tonnes as of May 31. This increase is attributed to record production estimates and relaxed quality norms due to weather impacts.