Business
India, Africa must double bilateral trade by 2030: Piyush Goyal
New Delhi, Aug 29: India and Africa must work to double bilateral trade by 2030, focusing on value addition, technology-driven agriculture, renewable energy, and healthcare, Minister of Commerce and Industry Piyush Goyal said on Friday.
Delivering the keynote address at the valedictory session of the CII India Africa Business Conclave here, the minister pointed out that bilateral trade between India and Africa is already fairly balanced — with India’s exports at $42.7 billion and imports at $40 billion.
However, he underlined the untapped potential across regions: “This demonstrates the opportunity we have missed out on over the years, and the scope for expansion today.”
The Minister stressed that India and Africa need not compete in every sector, but rather explore complementarities.
He highlighted areas such as agriculture, food security, cooperative and self-help group movements, education, skill development, capacity building, research and development, innovation, start-ups, healthcare, pharmaceuticals, and renewable energy, which provide vast opportunities for mutual benefit.
Goyal highlighted the immense potential for collaboration in the automobile sector. He noted that while Africa imports nearly $20 billion worth of motor vehicles annually, India currently supplies only about $2 billion of this demand.
He underlined that Indian automobiles are globally competitive, both in terms of cost and quality, with manufacturing standards on par with the best in the world.
He said that Indian manufacturers can play a vital role in meeting Africa’s growing demand for passenger vehicles, commercial vehicles, two and three-wheelers, and affordable electric mobility solutions.
This opens up a wide delta of opportunity for African nations to access reliable, fuel-efficient, and environmentally sustainable vehicles at competitive prices, while India can, in return, benefit from greater imports of African resources such as critical minerals, petroleum products, and agricultural commodities.
This balanced exchange would help both regions expand trade, generate employment, and build long-term industrial partnerships, he added.
Highlighting complementarities, the Minister observed that Africa could support India in areas such as critical minerals and petroleum products, while India could support Africa in food security, technological upgradation, manufacturing, and services.
He mentioned that India is cost-competitive in services like architecture, engineering, IT, AI and telecom, while also offering potential in medical tourism.
Referring to India’s close bond with Mauritius, Goyal assured the Indian Ocean island nation continued support in addressing inflationary pressures in essentials such as milk products, edible oils, and rice.
“It is this spirit of friendship and cooperation that defines India’s engagement with Africa,” he said.
Goyal also recalled India’s support to Africa during the Covid-19 pandemic, when medicines, vaccines and pharmaceutical products were provided at affordable costs, unlike the highly-priced alternatives from developed nations.
He further said that India’s Unified Payments Interface (UPI) could help bring down transaction costs and strengthen Africa’s financial systems.
Calling the Global South the true voice of the developing world, Goyal urged African nations to work with India at multilateral platforms like the WTO to create common objectives and influence global decision-making.
He emphasised collaboration in agriculture technologies, renewable energy, generic medicines, critical minerals, and youth partnerships, noting that the young populations of India and Africa will define the future.
Business
As large number of mineral transporting trucks lack GPS, TN extends deadline to October 31

Chennai, Oct 6: Nearly four out of five trucks registered to transport construction minerals in Tamil Nadu remain without GPS tracking devices, prompting another extension of the installation deadline despite a Madras High Court order aimed at tightening monitoring of mineral movement.
Only 30,000 of the 1.4 lakh trucks registered on the Mineral Management System (MIMAS) portal had vehicle location-tracking devices as of September 30. The remaining 79 per cent are yet to comply with the requirement to cover vehicles carrying M-sand, P-sand and other construction aggregates.
The Geology and Mining Department has now extended the deadline to October 31, following representations from transport associations seeking additional time. The original March 31 deadline had already been extended, while the government had separately announced that vehicles without GPS devices would stop receiving mineral transit passes from September 1.
Linking vehicle trackers to MIMAS is intended to strengthen oversight of mineral transportation by recording where trucks load material and tracking their movement. Such records could help authorities identify supplies originating from unauthorised quarries and investigate illegal extraction and transport violations.
However, the slow rollout has drawn criticism from lorry owners, who have questioned the government’s commitment to enforcing the system. G. Ganesh, general secretary of the Tamil Nadu State Lorry Owners Federation, said the cost of tracking devices had fallen sharply, from Rs 15,000 to Rs 3,700.
He said several vendors could supply more than one lakh devices meeting the AIS-140 standard, arguing that availability should not justify further delays.
The government’s reluctance to implement the requirement raised questions about its resolve to curb illegal mining, he said.
Department officials, however, said the approximately 37 authorised suppliers lacked sufficient stocks to equip all remaining vehicles within a short period.
An official said the latest extension followed requests from several associations. Officials also said action was being taken against people generating fraudulent mineral transit passes with fake QR codes.
A dedicated number for complaints about quarrying violations would soon be introduced and linked to the department’s control room in Chennai.
The enforcement challenge comes amid a substantial gap between construction demand and authorised quarry output.
Official estimates put Tamil Nadu’s average daily requirement for construction aggregates at around 5.25 lakh units, compared with permitted quarry production of only 1.2 lakh units, highlighting the need for closer regulatory scrutiny.
Business
Navi Mumbai Airport expands inflight catering capacity with ‘TajSATS’ ahead of winter season

Mumbai, Oct 6: Navi Mumbai International Airport (NMIA) on Tuesday said that its dedicated inflight catering facility — operated by aviation catering company TajSATS — is prepared to support growing airline operations ahead of the Winter 2026-27 schedule, which runs from October 25 to March 27, 2027.
Located within the airport precinct, the flight kitchen currently serves more than 40 departing flights daily and has the capacity to produce up to 7,500 meals a day.
Moreover, the facility can be expanded to produce 15,000 meals daily as airline movements and passenger traffic increase.
“As NMIA expands its airline network, it is important that our supporting infrastructure grows with it,” said Subhash Murikenchery, Chief Airport Officer, Navi Mumbai International Airport.
“The TajSATS flight kitchen gives airlines the flexibility to meet rising demand and enhances the culinary experience for passengers,” he added.
The facility features production infrastructure, refrigeration systems and operational processes designed to respond to changes in airline schedules and demand.
Its location within the airport precinct is intended to facilitate meal delivery to departing aircraft.
NMIA said the facility provides local meal-uplift capabilities for international carriers operating to and from India, offering airlines an additional catering option closer to their point of departure.
“Approximately 40 per cent of international carriers operating from India rely on back catering from their own flight kitchens. NMIA’s inflight catering infrastructure has been developed to support this requirement, alongside the catering needs of domestic carriers,” according to the airport.
The catering infrastructure at NMIA has been developed to support those requirements alongside the needs of domestic carriers.
In addition, the facility offers catering services for both domestic and international airlines and can accommodate a range of dietary requirements, including special meals, allergen-sensitive menus and halal meals.
NMIA said the kitchen complies with food safety and quality standards including Hazard Analysis and Critical Control Points (HACCP), ISO 22000 and regulations of India’s Food Safety and Standards Authority.
TajSATS — which has operated in the aviation catering sector for more than four decades — also runs the flight kitchen at Mumbai’s Chhatrapati Shivaji Maharaj International Airport.
The airport said the facility is already operational and designed to scale in line with future growth in airline connectivity and passenger volumes.
Business
Sensex, Nifty open higher; private banks lead sectoral gains

Mumbai, Oct 6: Indian equity benchmarks opened higher on Tuesday amid positive global cues and buying in private banking stocks.
Nifty opened at 22,603.25, an increase of 47.50 points or 0.21 per cent.
Meanwhile, Sensex opened at 72,508.05, up 125.58 points or 0.17 per cent.
Private banks led sectoral gains in early trade as Nifty Private Bank rose 0.75 per cent.
Nifty MidSmall IT & Telecom index gained 0.5 per cent, while the metal index advanced 0.32 per cent.
Notably, chemical, energy, financial services and cement were also trading higher, while PSU banks and FMCG were largely flat.
On the losing side, Nifty Auto fell 0.4 per cent, followed by healthcare, pharma and consumer durables indices. Realty, IT and media indices were also marginally lower.
Market experts said the near-term tone remained cautiously constructive, supported by a firm opening and improved global cues, although the broader setup remained tentative following the recent decline.
Analysts said a sustained recovery in the opening hours, backed by broader market participation, would be important to determine whether the current bounce can extend.
The market could remain in a ‘sell on rally’ mode as elevated US bond yields were likely to keep foreign institutional investors (FIIs) selling, even as domestic institutional investors (DIIs) continued to support large-cap stocks amid strong fund inflows, according to them.
The experts said a sustained market rally would require a sharp decline in crude oil prices, although there was currently no clear indication of such a move.
On the technical front, analysts see 23,100-23,220 as near-term objectives, with 22,800 likely to pose an intermediate hurdle.
A failure to move above the 22,555-22,615 band could signal further consolidation, while the downside is expected to remain limited around 22,050 for now.
Additionally, FIIs remained net sellers in Indian equities, offloading shares worth Rs 4,699 crore on Monday. DIIs provided support, making net purchases of Rs 5,181 crore.
In addition, Asian shares traded higher in early hours after a technology-led rally propelled the Nasdaq to a fresh record high.
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