Deputy high commissioner of Bangladesh Andalib Elias on Friday called for improving connectivity between the two countries by rail and waterways to increase export of agricultural and processed food products.
India's goods and services exports could cross $800 billion in FY25, 3% higher from the previous fiscal year, despite the persistent geopolitical challenges, commerce and industry minister Piyush Goyal said Saturday.
The Punjab government has for the first time started the export of litchi from the state’s sub-mountainous districts of Pathankot, Gurdaspur and Hoshiarpur to England.
Horticulture minister Chetan Singh Jouramajra virtually flagged off the first consignment of litchi, exported by the horticulture department in collaboration with the Agricultural and Processed Food Products Export Development Authority (APEDA).
Union Minister for Agriculture and Farmers’ Welfare and Rural Development Minister Shri Shivraj Singh Chouhan launched a web portal developed jointly by the Department of Agriculture and Farmers’ Welfare (DA&FW) and NABARD to automate and speed up the process of settlement of interest subvention claims of banks submitted under the Agriculture Infrastructure Fund (AIF). Minister of State for Agriculture and Farmers’ Welfare Shri Bhagirath Choudhary, Chairman, NABARD, senior officers of DA&FW and banks were also present.
Upping its growing engagement with Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC), India will be hosting the first-ever business summit for the grouping. The summit will be a three-day event from 6-8 August organised by the Ministry of External Affairs (MEA) and the Confederation of Indian Industry (CII) here in the national capital.
Exporters on Thursday sought a separate division in the Commerce and Industry Ministry to deal with non-trade barriers such as those on environment and sustainability. At a meeting with Union Minister Piyush Goyal, they also raised the issue of Chinese goods entering India through the ASEAN free trade agreement.
Due to India becoming a regional manufacturing hub, the effectiveness of supply chain relocation to this area is significant. From January to May 2024, the highest export from Taiwan to India was in chips, amounting to $1.18 billion, a growth rate of 49.4%, accounting for more than 36% of Taiwan's total exports to India ($3.23 billion).
India on Wednesday allowed limited imports of corn, crude sunflower oil, refined rapeseed oil, and milk powder under the tariff-rate quota (TRQ), where importers pay nil or lower duty, as New Delhi tries to bring down food inflation.
Exports are likely to be a key focus area for improvement in Maharashtra in the near term, as per experts analyzing data that came to the fore in the state economic survey released on Thursday.
