Bangladesh is set to import 50,000 tonnes of rice from India, a top official said on Wednesday.

The cabinet committee on public purchase approved the proposal during the day, the Finance Adviser of Bangladesh’s Interim Government Salehuddin Ahmed said.

A total of 92 private rice importers have already got the government approval to import the 3.92 lakh tonnes of rice, which includes 2.73 lakh tonnes of boiled and another 1.19 lakh tonnes of non-boiled 'Atap' rice.

 

India’s journey toward becoming a global economic powerhouse is marked by remarkable achievements in its export landscape. The nation has demonstrated significant progress in diverse sectors, ranging from petroleum oils and agrochemicals to semiconductors and precious stones. 

 

In a nuanced approach to international trade negotiations, India and the European Union are set to decouple investment protection and arbitration from their proposed Free Trade Agreement (FTA), with sources revealing that the two aspects will be negotiated through distinct channels.

 

The Organization for Economic Co-operation and Development (OECD) Tuesday raised India’s economic growth forecast for 2024-25 to 6.8% from 6.6% in May, driven by strong investment and agricultural output.

 

India's trade performance demonstrated stability and moderate growth during the first quarter of the current financial year, according to a NITI Aayog Trade Watch report released on Wednesday.

 

After the registration of Basmati Rice as a Geographical Indication (GI in 2008, the exports of Basmati Rice including from the state of Punjab have increased from 106 countries to 150 countries in 2023-24.

 

Efforts to strengthen intercontinental trade and socio-economic relations between India and Africa are gaining momentum with the planned establishment of the India-Africa Trade Centre in Kharghar, Navi Mumbai. City and Industrial Development Corporation(CIDCO) has reserved 25-35 acres within its international trade hub for this ambitious project, which is being spearheaded by the Africa-India Economic Foundation (AIEF).

 

The Indian delegation led by CEO FSSAI is making a ‘forceful’ intervention at the 47th Session of the Codex Alimentarius Commission (CAC47) in Geneva, Switzerland, as India is taking lead in development of global standards.