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Various measures taken by Government for promotion of exports.

Aug 05, 2021

Government is committed for promoting Indian exports in international markets and suitable interventions are done from time to time. The key schemes/interventions taken are:
 
The Foreign Trade Policy has been extended upto 30.09.2021 to provide a stable regime during the Covid-19 pandemic.
 
Schemes such as the Advance Authorization Scheme and the Export Promotion Capital Goods (EPCG) Scheme are being implemented to enable duty free import of raw materials and capital goods for export production.
 
The Interest Equalization Scheme, which provides pre and post shipment Rupee export credit has been extended upto 30.09.2021.
    
Source: PIB News



Ministry of Food Processing Industries invests in food processing sector with PMKSY

Aug 05, 2021

Ministry of Food Processing Industries (MoFPI), is implementing a Central Sector scheme- Pradhan Mantri Kisan Sampada Yojana (PMKSY), for overall growth and development of food processing sector, including augmenting the preservation and processing capacity in the sector with off farm employment generation across the country.
 
Total investment leveraged through implementation of the component schemes of PMKSY, over the past three years was Rs 7185.48 crore.
 
Minister of State for Food Processing Industries, Prahlad Singh Patel gave this information in a written reply in Rajya Sabha.
    
Source: FnB News



Jaishankar speaks with UK counterpart for taking stock of bilateral ties.

Aug 05, 2021

External Affairs Minister S Jaishankar on Wednesday spoke to his British counterpart Dominic Raab and held a comprehensive stock taking of bilateral relations.
 
'A comprehensive stock taking of our relations with UK Foreign Secretary @DominicRaab. Reviewed the various pillars of Roadmap 2030. Noted the progress and committed to taking it further forward,' he tweeted.
 
The ‘Roadmap 2030’ was adopted during the virtual bilateral summit between Prime Minister Narendra Modi and his British counterpart Boris Johnson in May this year with an aim to elevate bilateral ties to a ‘Comprehensive Strategic Partnership'.
    
Source: United News of India



APEDA inks MoU with University of Agricultural Science, Bangalore for boosting agri-exports.

Aug 05, 2021

To give boost agricultural and processed food products exports especially from Karnataka, the Agricultural and Processed Food Products Export Development Authority (APEDA) today signed Memorandum of Understanding (MoU) with University of Agricultural Science (UAS) Bangalore.
 
According to the MoU, the key areas of cooperation include developing technologies jointly with APEDA for advance alertness, efficient & precision farming for enhancing quality exports; diversifying the export basket, destinations and boost high-value agri exports by establishing Brand India globally by increasing agri-exports from Karnataka under Agri Export Policy (AEP) announced by Government of India in 2018.
    
Source: PIB News



India and EU have agreed to resume the negotiations for a balanced, ambitious, comprehensive and mutually beneficial trade agreement.

Aug 05, 2021

India and EU have agreed to resume the negotiations for a balanced, ambitious, comprehensive and mutually beneficial trade agreement. Free Trade Agreement (FTA) negotiations, including those on specific issues, are to be held considering the interest of either side. The commodities included / excluded in the FTA negotiations are to be finalized based on extensive consultations with the stakeholders, once negotiations resume.
 
Review of the existing FTAs is an ongoing process to maximize country’s export potential to benefit the domestic industry, and to make the FTAs more user friendly, simple and trade facilitative.
    
Source: PIB News



Ex-Australian PM Abbott Arrives In India For Four-day Visit To Boost Bilateral Trade Ties.

Aug 05, 2021

Former Australian Prime Minister Tony Abbott landed in New Delhi, India on Monday for a four-day visit to boost bilateral trade relations and hold a dialogue with the Indian leaders on the comprehensive economic cooperation agreement (CECA). Ex-Australian PM is visiting India as Scott Morrison’s 'Special Trade Envoy for India' and will hold negotiations on CECA to enable a significant boost to two-way investment between India and Australia. The 2008 trade agreement was expected to generate a net increase in Australia’s GDP by up to USD 32 billion (AUD 46 billion) and India’s GDP by up to USD 34 billion (AUD 49 billion) over a period of 20 years.
 
The Australian High Commissioner reportedly said that Australia is keen to strengthen the economic & trade ties, and investment links with India, and furthermore take the two nation's relationship to the 'next level'.
    
Source: Republic World



India, Bangladesh resume freight services on Haldibari-Chilahati rail route after 56 years.

Aug 05, 2021

After almost 56 years, India and Bangladesh resumed regular operations of freight trains along the Haldibari-Chilahati rail route on Sunday.
 
The Haldibari-Chilahati rail link was inaugurated in December 2020 during a virtual meeting between Prime Minister Narendra Modi and Bangladesh PM Sheikh Hasina to bolster trade relations between the two nations. This rail link is also expected to provide northeast India with an opportunity to enter the international market.
 
The distance between Haldibari railway station and the international border is 4.5 kms, while the distance from Chilhati is about 7.5 kms.
    
Source: India Today



Himachali farmer, first to sell apple plant to Nepal.

Aug 05, 2021

Apple trading with Nepal by an independent farmer has fetched him not only fame and praise but good revenue also in the fruit selling market.
 
Pradeep became the first farmer in the state to grow and  export apple saplings to Nepal.
 
On Wednesday, a group of 10 people from Nepal, including MLA Sudarpaschim Pradesh, Gelbu Singh Bohra, under-secretary of Horticulture Department Prakash Pant and chairman of Marma Municipality, Jaman Singh, reached Solan, known as ‘Mushroom city’ of India to visit and order importing the apple sapling form India to Nepal.
    
Source: United News of India



India for speeding up connectivity projects with Asean.

Aug 05, 2021

India on Wednesday called for the speeding up of regional connectivity projects with members of the Association of Southeast Asian Nations (Asean), including the trilateral highway with Myanmar and Thailand and the Kaladan transit transport project.
 
While speaking at the virtual Asean-India foreign ministers meeting, external affairs minister S Jaishankar said New Delhi was also looking to an early review of the trade in goods agreement. In a set of tweets, Jaishankar described the meeting as 'substantive and fruitful'.
    
Source: Hindustan Times



The team will make the farmers of Punjab aware on pesticide use, the issue is related to Basmati rice.

Aug 05, 2021

Punjab is a major Basmati rice producing state. But, this province is often in discussion about the excessive use of fertilizers and pesticides. The Agricultural and Processed Food Products Export Development Authority (APEDA) and its affiliated Basmati Export Development Foundation (BEDF) have decided to make farmers aware of the use of pesticides by the US, European and Gulf countries. So that due to excess of fertilizers and pesticides, there is no problem in exporting their rice. The Punjab Sea Millers and Exporters Association will also cooperate in this.
 
Dr. Ritesh Sharma, Principal Scientist, Basmati Export Development Foundation said that awareness programs will be organized on August 3 at Jalalabad in Fazilka, Rajasansi in Amritsar on August 4 and Tarn Taran on August 5. In this, the team of agricultural scientists from Delhi and Punjab will tell the farmers cultivating Basmati paddy which pesticide they have to apply, in what quantity and when. The excessive use of pesticide not only causes economic loss to the farmers but also spoils the image here in other countries.
    
Source: Tv9



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