Rs. 57,000 Crore Push to Make Kandla Port a Global Trade Hub.
To enhance India’s maritime infrastructure, Union Minister of Ports, Shipping, and Waterways, Shri Sarbananda Sonowal, has announced transformative projects worth Rs.57,000 crores for Kandla Port. These initiatives align with Prime Minister Narendra Modi’s vision of 'Make in India, Make for the World' and aim to strengthen India’s standing as a global trade hub.
Source: egov.eletsonline.com
Nepal and India holding trade and commerce talks on Thursday.
High-ranking government authorities of Nepal and India are preparing to sit for a two-day bilateral trade talk starting Thursday, to revisit the Commerce Treaty between the two countries. According to the Ministry of Industry, Commerce and Supplies (MoICS), the two neighboring countries will be conducting the Nepal-India Inter-Governmental Committee (IGC) meeting on January 9-10. The IGC headed by the commerce secretaries from Nepal and India is a bilateral mechanism that oversees the implementation of treaties, trade, transit and investment related issues of both the countries.
Source: myrepublica.nagariknetwork.com
Singapore Indian Chamber to participate in international food trade exhibition in New Delhi.
The Singapore Indian Chamber of Commerce & Industry (SICCI) will be leading a high-level delegation to Indus Food 2025, a three-day international food trade exhibition, to be held from January 10 in New Delhi.
Source: dailyexcelsior.com
Indian exporters have huge opportunities to increase share in global agriculture trade: APEDA Chairman.
Indian exporters have huge opportunities to increase their share in the global agriculture trade from the current 2.4 per cent, a government official said on Wednesday. The global agriculture trade is about USD 2 trillion.
Source: zeebiz.com
Government notifies procedure for export of certified organic products.
The government has laid out a procedure for the export of certified organic products, requiring mandatory certification under the National Programme for Organic Production (NPOP) for such shipments, according to a public notice. The Directorate General Of Foreign Trade (DGFT) in a public notice said that a product will be allowed to be exported as 'organic product' only when accompanied by a Transaction Certificate (TC) issued by a certification body accredited by the National Accreditation Body for such items under the NPOP of the Department of Commerce.
Source: thehindu.com
India aims to increase processed food export by 40% in 3 to 4 years.
Chairman APEDA, Abhishek Dev has noted in a speech that India is a global powerhouse holding seventh position in global food export, touching 50 billion USD in exports last year. This year we will be setting new records in terms of export growth. The opportunity is immense as the global market size is 4 trillion USD and we are just 2.4% of it. Processed food as a segment has also great potential and the country aims to increase value added export by 40% in 3 to 4 years. The organic food market is 147 billion USD and we have a very small share of 2.5%. Moving forward, we have to grow 4 times in the next 5 years.
Source: business-standard.com
India Exports 200,000 Tonnes Of Rice To Bangladesh Amid Flood Crisis.
Bangladesh’s interim government has begun importing rice from India as part of a significant move to secure the nation’s food supply. The first consignment of 27,000 tonnes of rice arrived at Chittagong port this week, marking the beginning of a larger import deal.
Source: ddnews.gov.in
Morocco Imports Rice to Offset Severe Drop in Production Amid Drought.
Morocco has started importing rice to address the drastic shortfall in domestic production mainly caused by drought.
The first shipments are expected to arrive this month as the country turns to global suppliers to stabilize local market prices.
Source: moroccoworldnews.com
Iran, India Discuss Trade Ties, Regional Issues.
Iran’s Deputy Foreign Minister Majid Takht-Ravanchi and Indian leadership have discussed economic and trade issues, including cooperation in developing Chabahar Port.
Takht-Ravanchi who was in New Delhi on a two-day official visit on January 2-3, within the framework of the 19th India-Iran Foreign Office Consultations (FOC), met his Indian counterpart Vikram Misri, according to the Iranian foreign ministry’s website.
Source: caspiannews.com
Brief on the achievements through schemes and programmes of Ministry of Agriculture & Farmers Welfare.
The Department of Agriculture & Farmers Welfare (DA&FW) has been making concerted efforts to enhance the production and productivity of crops aiming to enhance the income of farmers. The MoA&FW is committed towards taking several initiatives to empower the farmers through their capacity building on thrust areas such as crop diversification and production aspects in terms of qualitative inputs and judicious use of farm resources.
Source: pib.gov.in