10 Sep, 2024 News Image India-GCC Strategic Dialogue: Strengthening Ties in Energy, Food Security, and Trade.

At the first-ever India-GCC Joint Ministerial Meeting for Strategic Dialogue, India’s External Affairs Minister (EAM) S Jaishankar spotlighted the critical role of energy and food security in shaping future cooperation between India and the Gulf Cooperation Council (GCC). 


 Source:  financialexpress.com
10 Sep, 2024 News Image India, Japan agree to promote financial cooperation and strengthen bilateral ties.
India and Japan have agreed to promote financial cooperation and strengthen bilateral relations at the second India-Japan Finance Dialogue in Tokyo, a finance ministry statement said. The participants exchanged their views on the macroeconomic situation in both countries.
 

 Source:  economictimes.indiatimes.com
10 Sep, 2024 News Image UAE-India sails catch trade winds.

In late 2021, when the UAE and India agreed to pursue a Comprehensive Economic Partnership Agreement (CEPA), both countries arrived at a free-trade deal with a difference. The goal wasn’t simply to reduce tariffs on goods entering each other’s markets – although that was a key element – but to bring the two nations closer together, align our growth visions, and work to deliver long-term, sustainable prosperity in an ever-evolving global economy.


 Source:  economictimes.indiatimes.com
10 Sep, 2024 News Image India Exim Bank Partners with Nedbank for Trade Support.
Export-Import Bank of India (India Exim Bank) has signed a Master Risk Participation Agreement (MRPA) with Nedbank Limited (Nedbank), South Africa, under India Exim Bank’s Trade Assistance Programme (TAP), for supporting trade transactions.  The agreement was signed on September 2, 2024, in Johannesburg, South Africa by Mr. T.D. Sivakumar, Chief General Manager of India Exim Bank and Mr. Yudhvir Harrilal, Divisional Executive, International Financial Institutions (IFI), Nedbank.
 

 Source:  smestreet.in
10 Sep, 2024 News Image APEDA to promote alcoholic beverage exports as a part of Make in India initiative.

The global demand for Indian spirits is increasing, presenting an opportunity for growth. The Agricultural and Processed Food Export Development Authority (APEDA), plans to promote both the Indian alcoholic and non-alcoholic beverages globally with a target of $1 billion in export revenue over the next few years. 


 Source:  fnbnews.com
10 Sep, 2024 News Image Kharif Crop Sowing Exceeds 1092 Lakh Hectares, Shows Significant Growth in Key Crops.

Department of Agriculture & Farmers' Welfare has released its latest data on Kharif crop sowing, revealing that the total area covered under Kharif crops has exceeded 1092 lakh hectares as of Monday, September 09, 2024. The report highlights year-on-year growth in the sowing area for key crops like paddy, pulses, coarse cereals, and oilseeds, indicating a strong agricultural performance during the Kharif season.


 Source:  krishijagran.com
10 Sep, 2024 News Image Basmati crop likely to increase 15-20% on higher acreage.

Prospects for the basmati crop this year are projected to be good on increase in acreages and the crop size is likely to be higher by 15-20 per cent over last year, according to the trade.


 Source:  thehindubusinessline.com
10 Sep, 2024 News Image Gujarat govt, UAE ink MoU for food park development.

The Abu Dhabi Developmental Holding Company is set to establish food parks in Gujarat, following a memorandum of understanding (MoU) signed with the state government in New Delhi on Monday.


 Source:  deshgujarat.com
10 Sep, 2024 News Image India fine tuning FTAs with countries to suit domestic industry: Prasada.

India is revising FTAs with South Korea, Malaysia and various other Asean countries to benefit the domestic industries, Union Minister of State for Ministry of Commerce and Industry Jitin Prasada said on Monday.


 Source:  business-standard.com
09 Sep, 2024 News Image India likely to shift rice exports to NCEL, potentially reducing FCI's role.

India's white rice exports may face challenges as the government plans to empower the National Cooperative Exports Limited, or NCEL, to take over the white rice free trade, reducing reliance on the Food Cooperation of India, or FCI, sources told S&P Global Commodity Insights on Sept. 6.


 Source:  spglobal.com