The Uttar Pradesh government is drafting a new export policy to boost the state’s share in India’s exports. The move aims to provide additional incentives to exporters.

 In the last financial year (FY24), UP’s merchandise exports were worth nearly $20.67 billion, contributing 4.71 per cent to India’s total exports. With the new policy, the government targets to increase this share to 7.5 per cent, a senior official said. For the first six months of FY25, the state logged exports worth $10.56 billion, raising its share in the country's total exports to 4.89 per cent.

 

The Ministry of Commerce is eyeing 20 key nations to boost exports of goods and services from India.

Senior officials from the commerce ministry, and commercial wings of Indian Missions of 20 countries are holding a three-day meet from today (6 January) to discuss ways to promote exports of goods and services to devise strategies for boosting exports of goods and services.

 

Agriculture minister Shivaraj Singh Chouhan on Saturday reviewed various schemes with state agriculture ministers and sought their suggestions on ongoing programmes and budget allocation ahead of the Union Budget. During a virtual meeting, Chouhan expressed satisfaction over the agriculture and allied sector's likely higher growth rate of 3.5-4 per cent in the 2024-25 fiscal year, and urged state governments to work at a 'faster pace', according to an official statement.

 

The Minister of Agriculture and Farmers’ Welfare Shri Shivraj Singh Chouhan has urged all states to intensify their efforts under the National Mission on Edible Oils - Oil Palm (NMEO-OP). This mission serves as a cornerstone of India’s vision to achieve self-sufficiency in edible oil production, reduce dependence on imports and enhance farmer incomes.

 

The government is working on an export strategy to further accelerate the country's goods and services shipments, Commerce and Industry Minister Piyush Goyal has said. He said the ministry is working on a 'very' targeted manner to take the exports to $ 2 trillion by 2030 by addressing concerns of exporters and identifying areas of India's competitive advantages and strengths.

 

Jawaharlal Nehru Port Authority (JNPA) said it has issued Letter of Award (LoA) to Trident Agrocom Exports Private Ltd and Man Infraconstruction Ltd consortium for the development of an export-import cum domestic agriculture commodity-based processing and storage facility on its land.

 

Commerce and Industry Minister Piyush Goyal on Friday said despite global economic uncertainties, India's exports of goods and services are expected to cross USD 800 billion this fiscal, which will be a record. Last fiscal year, the exports stood at USD 778 billion.

 

FDI inflows into the country are surging, with investors from the Middle East, Japan, European Union, and the US recognising India's status as a top investment destination, driving rapid economic growth and generating millions of new jobs, Commerce and Industry Minister Piyush Goyal has said. 

 

The government has permitted exports of two lakh tonne of wheat to Nepal, according to a notification issued on Saturday. The export is permitted through National Cooperative Exports Limited (NCEL), the Directorate General of Foreign Trade (DGFT) said in the notification.

 

Indo-Dutch Horticulture Technologies marked Kisan Diwas 2024 with an inspiring event at their Chafi, Bhimtal facility to honor farmers and promote collaboration between farmers and students. Celebrated under the 'Unnati-Apple Initiative,' the event highlighted farmers' invaluable contributions and emphasized innovation and knowledge sharing.