Rs 27cr project underway to boost horticulture in Abohar: Minister.
Punjab defence services welfare, freedom fighters and horticulture minister Mohinder Bhagat, while replying to a question raised by Abohar MLA Sandeep Jakhar during the ongoing Punjab Vidhan Sabha session on Monday, said an important project is underway in Abohar for the development of horticulture and to address the problem of waterlogging. The minister said the project is being implemented by the department of soil and water conservation in Abohar region. Under the first phase of the project, work started in 27 villages at an estimated cost of Rs 27.7 crore, while another 15 villages will also be covered under the scheme in the second phase.
Source: timesofindia.indiatimes.com
Canada-India agri-tech partnerships gaining strategic importance for food security.
Canadian agri-tech and research collaborations are increasingly influencing how food is grown, processed and stored in India, reflecting a shift in bilateral ties from commodity trade toward innovation-driven partnerships, according to a report. An analysis by One World Outlook highlighted that for decades, the Canada–India agricultural relationship has largely revolved around bulk shipments of pulses such as lentils and peas.
Source: thehansindia.com
Free Trade Agreements Create New Opportunities for MSMEs to Integrate into Global Supply Chains: Union Minister of State for Commerce and Industry Shri Jitin Prasada.
Union Minister of State for Commerce and Industry and Electronics and Information Technology, Shri Jitin Prasada, addressed the FICCI FLO National MSME Awards Ceremony, highlighting the role of Free Trade Agreements (FTAs) in expanding opportunities for India’s Micro, Small and Medium Enterprises (MSMEs). He stated that recent FTAs with regions including the European Union, the United Kingdom, Australia, New Zealand and other major markets provide Indian MSMEs with access to a large share of developed markets, creating significant opportunities for Indian manufacturers to integrate into global supply chains and meet international demand.
Source: pib.gov.in
India’s wheat output pegged at record high 120 mt on higher acreage, conducive weather.
India’s wheat production in the current crop year (July-June) is likely to be close to 120 million tonnes (mt), exceeding the government’s target of 119 mt, due mainly to higher acreage and conducive weather throughout the season. However, in some areas where the crop was planted late, the yield may be impacted by the rise in temperature.
Source: thehindubusinessline.com
War hits Indian egg exports to West Asia.
The diversion of about 80 egg-laden containers bound for West Asia from Kochi to Mumbai port has raised concerns among the farmers and exporters in the Namakkal region. They have sought the intervention of the APEDA to help ensure that the cargo reaches the intended destinations. This is even as prices of eggs have dropped by about 20 per cent over the past fortnight due to the disruption in the export supply chain as a result of the ongoing war in West Asia and the seasonal slowdown in domestic consumption.
Source: thehindubusinessline.com
West Asia conflict strands Indian fruit exports at ports, airports.
More than 1,250 sea containers carrying fruits such as bananas, grapes and pomegranates meant for West Asian markets during the holy month of Ramadan are stranded at Nhava Sheva port near Mumbai after shipping services were disrupted by the ongoing Iran–Israel war. Similarly, pallets of fruits are stuck at several airports as Gulf-based airlines suspended operations to the region.
Source: thehindubusinessline.com
Govt grants relaxation to fulfil export obligation.
In a major relief to exporters, the government granted certain relaxations to help them fulfil their obligations amid the 'prevailing geopolitical developments affecting international shipping routes and global supply chains', the Directorate General of Foreign Trade said on Saturday.
Source: economictimes.indiatimes.com
India must tap FTA opportunities: Piyush Goyal.
India must seize market opportunities created by the free trade agreements (FTAs) it has signed so far, said Piyush Goyal, commerce and industry minister, on Monday. The country has signed nine FTAs, covering 38 prosperous and developed nations, he said, highlighting that nearly two-thirds of global trade is currently open to Indian businesses.
Source: economictimes.indiatimes.com
Government sets 30.3 million tonne wheat procurement target.
The government has fixed the wheat procurement target at 30.3 million tonne for the 2026-27 Rabi Marketing Season (RMS), as per an official statement. The target was finalised at a meeting of State Food Secretaries chaired by the Secretary in Department of Food and Public Distribution (DFPD), here on Friday.
Source: economictimes.indiatimes.com
Govt grants relaxation to fulfil export obligation.
In a major relief to exporters, the government granted certain relaxations to help them fulfil their obligations amid the 'prevailing geopolitical developments affecting international shipping routes and global supply chains', the Directorate General of Foreign Trade said on Saturday.
Source: economictimes.indiatimes.com