India and Moldova on Tuesday discussed the potential areas of collaboration in the field of agriculture and allied sectors to strengthen bilateral relation.

Ana Taban, Ambassador of Moldova to India, paid a courtesy visit to Agriculture Secretary Devesh Chaturvedi here, according to an official statement.

 

India is eyeing to be a global economic powerhouse with its remarkable achievements in the export landscape. However, the government claimed that the country has witnessed significant progress in diverse sectors, ranging from petroleum oils and agrochemicals to semiconductors and precious stones. This growth reflects India’s ability to leverage advanced technology, innovative practices, and competitive manufacturing to meet global demands, the commerce ministry said on Tuesday.

 

Ministry of Agriculture and Farmers Welfare (MoA&FW) is implementing various programmes for promotion of Agriculture Business in the country.

(i) 'Innovation and Agri-Entrepreneurship Development” programme is implemented under Rashtriya Krishi Vikas Yojana (RKVY) from 2018-19 onwards with an objective to promote innovation and agri-entrepreneurship by providing financial support and nurturing an incubation ecosystem in the country. Ministry of Agriculture and Farmers Welfare has appointed five Knowledge Partners (KPs) and twenty-four RKVY Agribusiness Incubators (R-ABIs) across the country for implementation assistance and incubation of start-ups under this programme.

Government is promoting organic farming for improving soil health and water retention through the schemes of Paramparagat Krishi Vikas Yojana (PKVY) in all the States/UTs and Mission Organic Value Chain Development for North Eastern Region (MOVCDNER) exclusively for North Eastern States. Both the schemes stress on end-to-end support to farmers engaged in organic farming i.e. from production to processing, certification & marketing and post-harvest management training and capacity building.

 

India has signed the Supply Chain Resilience Agreement (Pillar-II) in November 2023 under the Indo-Pacific Economic Framework for Prosperity (IPEF), a 14 member plurilateral grouping in the region. The Agreement seeks to strengthen supply chain crucial for national security and economic stability. The Agreement came into force on February 24, 2024.  Under the Agreement, a Supply Chain Council (SCC) has been set up with the US as Chair and India as Vice-Chair.

 

India and the UK on Tuesday reviewed their ties with a focus on the early conclusion of a mutually beneficial free trade pact, boosting counter-terror cooperation and enhancing defence ties. At the second edition of the India-UK 2+2 foreign and defence dialogue held here, the two sides agreed to revitalise the ties by identifying new focus areas of collaboration.

 

The long voyage time due to ships taking longer routes through Cape of Good Hope has impacted global trade, including Indian exports, Commerce and Industry Minister Piyush Goyal said on Tuesday.

 

The government has asked banks to flag operational hurdles in implementing the international trade settlement in Indian rupees through the special rupee vostro accounts (SRVA) mechanism.