India-Indonesia business ties get fresh boost with Prabowo visit.
A number of business meetings, government-government interactions and industry level talks were held alongside the State Visit of President Prabowo Subianto to India from 24-27 January in New Delhi leading to new initiatives in business and trade.
Source: economictimes.indiatimes.com
Kerala budget 2025: New scheme to make state horticulture hub.
The finance minister announced that the agriculture sector recorded an improved growth rate over the past three years. There was an increase in vegetable production in the state from 6.28 lakh tonnes in 2015-16 to 17.2 lakh tonnes in 2023-24 through more infrastructure development in the agriculture sector. An amount of Rs 727.40 crore is provided for the plan schemes and Rs 115.50 crore is expected as central assistance.
Source: timesofindia.indiatimes.com
‘Bengal has a target to double exports by next decade’.
During the sectoral session on international trade at Bengal Global Business Summit (BGBS) on Thursday, foreign delegates were briefed by state exporters on their objective of increasing the overseas export volume of crops, apparel, textiles and leather goods. Industrialists from Bengal are seeking foreign investment opportunities in key sectors such as maize- and rice-based agriculture, solar pumps, multipurpose cold storage facilities with advanced technology, the export of raw honey, exotic fruits and flowers, worldwide commodity-specific marketing channels, and the establishment of a centre for transportation and logistics and inland container depots, among others.
Source: timesofindia.indiatimes.com
Bangladesh: 133 truckloads of fruits imported thru Benapole land port after 2-day suspension.
A total of 133 truckloads of fruits were imported into the country through Benapole land port after the traders resumed fruit imports on Thursday. Prior to Thursday, fruit imports remained suspended for two days as importers went on a strike in protest against a hike in supplementary duty. Assistant Commissioner of Benapole Customs House Md Shahadat Hossain said 70 trucks entered the port on Thursday while 63 more trucks arrived by 9:00pm on Saturday, reports UNB.
Source: today.thefinancialexpress.com.bd
India to Inaugurate EFTA Desk to Enhance Trade and Investment under TEPA.
In a significant step towards deepening economic ties with the European Free Trade Association (EFTA), Union Minister for Commerce and Industry Shri Piyush Goyal along with the EFTA bloc represented by H.E. Mrs. Helene Budliger Artieda, Swiss State Secretary, H.E. Mr. Tomas Norvoll, State Secretary of Trade and Industry, Norway, H.E. Martin Eyjolfsson, Permanent Secretary of State, Iceland, H.E. Dominique Hasler, Minister of External Affairs, Education, and Sport, Liechtenstein, Mr. Markus Schlagenhof, Deputy Secretary General, EFTA Secretariat and Mr. David Sveinbhornsson, Senior Officer, EFTA Secretariat, will inaugurate the EFTA Desk at Bharat Mandapam, New Delhi, on February 10, 2025.
Source: pib.gov.in
India in talks with EU to resolve new trade regulations: Piyush Goyal.
Commerce and Industry Minister Piyush Goyal on Friday said India is in talks with the European Union to resolve issues related to the new EU trade regulations. Responding to queries on EU trade barriers in the Rajya Sabha, Goyal said the EU has introduced new regulations for their own industries. 'There is certainly an issue where the EU has come up with new regulations which we are actively discussing with them to resolve,' he said.
Source: economictimes.indiatimes.com
Bangladesh HC in New Delhi suggests govt to import sugar from India.
As India allowed its mills to export sugar after two years, the Bangladesh High Commission in New Delhi has recommended the authorities concerned to consider importing the sweetener from the neighbouring country. The commission communicated the development recently with the Ministry of Foreign Affairs which was forwarded to the Ministry of Commerce and suggested taking necessary measures in this regard.
Source: today.thefinancialexpress.com.bd
India's exports may touch record $800 bn this year: Piyush Goyal.
India's exports are growing significantly and would achieve a record USD 800 billion in 2024-25 fiscal year, Commerce and Industry Minister Piyush Goyal said on Friday. 'Exports have been growing and have risen significantly in the last four years. This year also, there will be growth. We will end the year with over USD 800 billion exports for the very first time in India's history,' Goyal said during Question Hour in the Rajya Sabha.
Source: economictimes.indiatimes.com
Kashmir’s apple nurseries: A Rs.100 crore industry driving high-density cultivation.
Inside numerous poly tents at various nurseries in Qaimoh block, about 60 km South of Srinagar, bundles of rootstock plants and apple seedlings are stocked for sale. Come mid-February, the apple cultivators from different parts of the valley make a beeline for the area to buy plant material for their orchards.
Source: thehindubusinessline.com
Govt to upgrade e-NAM platform to promote inter-state and inter-mandi trade: Chouhan in Rajya Sabha.
The Centre will upgrade e-NAM platform to facilitate onboarding of logistic service providers in a move to address logistic hurdles faced in inter-state and inter-mandi trade, Agriculture Minister Shivraj Singh Chouhan said in Parliament on Friday. Inter-state trade of 23,121 tonnes worth Rs 65.48 crore has been recorded on e-NAM platform till December 2024, he said in a written reply to the Rajya Sabha.
Source: economictimes.indiatimes.com