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Foreign ministers of India, Bangladesh meet; review bilateral ties.

Sep 30, 2020

India and Bangladesh on Tuesday created a high-level mechanism to monitor development projects funded by New Delhi even as Dhaka sought removal of non-tariff barriers and greater trade facilitation to enhance the export of its products.
 
Bangladesh’s long-standing demand for early resolution of the sharing of waters of the Teesta river and agreements on sharing of all common rivers also figured in the virtual meeting of the Joint Consultative Commission (JCC) co-chaired by external affairs minister S Jaishankar and his Bangladeshi counterpart AK Abdul Momen.
    
Source: Hindustan Times



Trade and investment opportunities for India’s food and beverage industry.

Sep 30, 2020

India’s roots in the Province of Alberta, Canada, continue to expand even during this unprecedented time of Covid-19. Linkages and cross-cultural ties as well as trade and investment opportunities that are mutually beneficial to the India-Canada and India-Alberta relationship strongly lie within India’s food and beverage industry.
 
As Indian food/beverage companies look to reshape their logistics operating model to increase effectiveness, efficiency and resilience in a post-Covid world, they should include Canada. Canada also gives investors preferential market access through 14 trade agreements to 51 countries with nearly 1.5 billion consumers and a combined GDP of US$49.3 trillion.
    
Source: FnB News



Philippines, India pursue 'concrete' plans for enhanced trade, investments: DTI.

Sep 30, 2020

The Trade Department said Wednesday the Philippines and India were working to pursue 'concrete' initiatives to enhance trade and investment between the two countries. 
 
The countries have agreed to further 'foster synergies' in textiles, electronics, IT-BPM, energy and agriculture which were discussed during the recently concluded virtual 13th Meeting of the Joint Working Group on Trade and Investments (JWGTI) last Sept. 17, the DTI said in a statement.
 
India, known as the pharmacy of the world was 'encouraged' to explore opportunities in the manufacture of active pharma ingredients, vaccines and other essential medicines and in the establishment of R&D facilities for herbal medicine, the statement said.
    
Source: ABS.CBN News



Irradiation of onions improved their shelf life, finds experiment by government lab.

Sep 30, 2020

The irradiation of onions can improve their shelf life, according to an experiment carried out by the National Test House (NTH) under the consumer affairs ministry. If these are stored at 1 to 8° celsius temperature, rotting of this key kitchen item will be negligible compared to nearly 55% of rotting when these are kept in normal temperature without irradiation.
 
Food irradiation is a technology that improves the safety and extends the shelf life of items by reducing or eliminating micro-organisms and insects. Like pasteurizing milk and canning fruits and vegetables, irradiation can make food safer for the users.
    
Source: The Times of India



Amirabad Port: The game changer in Indian foreign trade.

Sep 30, 2020

Seaports have played undeniable role in international and even local trade environment. To demonstrate this claim, we can refer the remained paintings from stone age which show how sea ports help man to feed from sea.
 
But along the many centuries this significance got more blurred. Specially after the industrial revolution, nobody can reject this significance in international trade. To understand the depth of this issue, just take a look at the condition of commerce and military power of Great Britain after 19th century.
    
Source: Modern Diplomacy



Start-up hub Indian start-ups attracted $63 billion investment between 2016 to H1 2020.

Sep 30, 2020

India’s start-up ecosystem has attracted $63 billion between 2016 and H12020, making it the world’s third largest tech start-up hub. With close to 35 unicorns now, the country now boasts a bunch of businesses that are expected to thrive and survive.
 
Players such as Paytm, Byju’s, Swiggy, Zomato and OYO have each received more than $1 billion from investors, some more than $2 billion, and are among the success stories. Some players have acquired the status of a unicorn without using even $1 billion of capital. While funds have flowed into the food delivery and ed-tech spaces this year, 2019 saw a staggering $20 billion invested, across 1,854 deals.
    
Source: Financial Express



EDII, cattle development body to promote cow-based entrepreneurship.

Sep 30, 2020

At a time when animal husbandry is being promoted as a dependable livelihood source for rural youth, experts are now working on an action plan to promote cow-based entrepreneurship across the country. The Entrepreneurship Development Institute of India (EDII) in association with Rashtriya Kemdhenu Aayog (RKA), Ministry of Fisheries, Department of Animal Husbandry & Dairying, Government of India are jointly planning to promote cow entrepreneurship across the country by organising capacity building programmes and orienting more people towards this discipline.

    
Source: Business Line



State promotes new spice crops to enhance income.

Sep 30, 2020

In a first of its kind in the state, the horticulture department is promoting cultivation of high-value spices such as nutmeg, cinnamon, black pepper, turmeric, ginger, and a few others as inter crops with coconut in the state. Covid-19 pandemic has fuelled the demand for spices as more people are taking to higher consumption of spices as immunity boosters.
 
The horticulture department has observed that there is a need to promote high-value spice crops in the state as there is a big opportunity for spice promotion. India will need to double production of spices in order to meet the growing demand for domestic as well as international markets. There is an ample opportunity to grow high value spices as the state is blessed with different climatic conditions suitable for a wide range of horticulture crops.
    
Source: The Times of India



Indian Railways takes series of Initiatives in Tariff and Non-Tariff field to boost Freight Operations.

Sep 30, 2020

On mission mode, Indian Railways has taken several initiatives to boost Freight Operations inspite of COVID 19 related challenges. Because of these initiatives, the freight loading in the month of August 2020(till 27th August 2020) is 4.3% higher, compare to last year for the same month. In the month of August 2020 (till 27th August 2020) the total freight loading was 81.33 million tonnes which is higher than last year for the same month (77.97 million tonnes).
 
Indian Railways has taken a series of initiatives in Tariff and Non-Tariff field.
    
Source: IBEF



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