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Govt to extend existing foreign trade policy till March next year: Piyush Goyal.

Sep 28, 2021

Commerce and industry minister Piyush Goyal on Monday said that the existing foreign trade policy (FTP) will be extended till March 31 next year, a second extension ahead of its September 30 deadline.
At an event organised by the Federation of Indian Export Organizations, he also said that India’s merchandise exports during April-September 21 were over $185 billion.
The government had earlier extended the FTP 2015-20 until September 30 this year due to the Covid-19 pandemic.
Source: The Economic Times

India keen to partner with Australia to create domestic market with strong private sector: Piyush Goyal.

Sep 28, 2021

India is keen to partner with Australia for seamless integration into the Global Value Chains (GVCs) to develop a domestic market with a thriving private sector and skilled labour, commerce and industry minister Piyush Goyal said on Monday.

While addressing the inaugural meeting of the Australia India Business Champions, Australia’s trade minister Dan Tehan said that India has become an important and relevant partner for Canberra’s economic strategy, especially in the areas of trade and investments.
'Our focus would be to chart a course for ensuring effective usage of the huge entrepreneurial talent, developing a domestic market with a thriving private sector as well as skilled labour,' Goyal said, adding that the key goal must be to strengthen international supply chains, and fully capitalize on the currently favourable geopolitical phenomenon.
Source: The Economic Times

Agriculture Minister to launch 'Amul Honey' on September 28.

Sep 28, 2021

Agriculture Minister Narendra Singh Tomar is slated to launch 'Amul Honey' on September 28.
Agriculture Ministry officials said that the government has launched National Beekeeping and Honey Mission (NBHM) to promote the production of honey and boost its exports.
The government has approved Rs 500 crore for NBHM for three years (2020-21 to 2022-23) keeping in view the importance of beekeeping as part of the Integrated Farming System in the country.  The mission was announced as part of the AtmaNirbhar Bharat scheme.
Source: ANI News

MOFPI launches Seed Capital Module on DAY-NULM MIS Portal.

Sep 28, 2021

The Ministry of Food Processing Industries, Government of India, in association with the Ministry of Housing and Urban Affairs, under the Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) Scheme, virtually launched the Seed Capital Module on Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) MIS Portal for seed capital assistance to members of urban Self Help Groups working in the food processing sector in India.
The seed capital portal can be accessed at for Self Help Groups to avail the seed capital assistance of Rs.40,000 per SHG member under the PMFME Scheme. Urban SHG members which are engaged in Food Processing activities would be sensitized and motivated about the PMFME scheme to avail the benefits of seed capital for purchasing small tools and working capital.
Source: Devdis Course

Innovation, Quality and Competition by Exporters is going to define the Brand India.

Sep 28, 2021

The Union Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles, Shri Piyush Goyal today said, the ‘Rules of Business’ have to be the same for all stakeholders. Addressing the 'Vanijya Saptah Samapan Samaroh', organised by the Federation of Indian Export Organisations (FIEO) here today, Shri Piyush Goyal said, 'Irrespective of whether they are big or small business houses, or where they are from or any other differentiating factor, we would like everybody to have equal opportunity to do their businesses honestly, and grow their businesses.'
The Commerce Minister said accountability and stipulated timelines should be there and Best Practices of various States or Ministries in Exports Development must be shared. Without setting a timeline, Shri Piyush Goyal said the Government plans to scale $1 trillion exports in both Merchandise and Services. 'We must position India as a global player by becoming competitive,' he said.
Source: PIB News

India is deeply engaged with Russia in expanding our economic and trade ties: Indian Ambassador Venkatesh Varma.

Sep 28, 2021

To sign off from Moscow at the end of my diplomatic career is, of course, a great privilege and an honour, largely on account of the fact that I have walked in the footsteps of some of the great stalwarts of Indian diplomacy, who steered this relationship to great heights. I have stood on the shoulders of the giants of the past.
The transformation in the India-Russia relationship in the last couple of years can be described as a quiet revolution. We have the traditional pillars of defence, nuclear, energy and space. These have been supplemented by India’s engagement in economic, trade, science & technology sectors and inter-regional cooperation. We are engaging with Russia in areas which were unthinkable in the past. Prime Minister’s Act Far East policy is a revolutionary step of huge geopolitical significance.
Source: The Hindu

Conclave accords thrust on exports through Agri, Horticulture and Fisheries departments.

Sep 28, 2021

Nagapattinam district administration has plans to accord thrust for exports through the departments of Agriculture, Horticulture and Fisheries.
Urging prospective exporters to popularise ‘Made in Tamil Nadu’ slogan at a district conclave organised as part of the celebrations to commemorate India’s 75 years of Independence ( Azadi Ka Amrit Mahotsav), Collector A. Arun Thamburaj said there was immense potential to produce export-quality value-added products of Cotton, pulses, and sugarcane in Nagapattinam, sodium chloride and potassium chloride industries from salt sourced in Vedaranyam, and chemical industries from calcium available in Kollidam river.
The conclave was chaired by the Central Government's Special representative of Centre A. K. S. Vijayan.
Source: The Hindu

WFP, ICRISAT to partner on climate-resilient food security, nutrition.

Sep 28, 2021

The United Nations World Food Programme (WFP) and the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) will partner on programmes and research to improve food, nutrition security and livelihoods in India against the impacts of climate change.  
A Memorandum of Understanding (MoU) was signed recently between Bishow Parajuli, WFP India representative and country director, and Dr Jacqueline Hughes, director-general, ICRISAT.
'This is a strategic partnership between the WFP and ICRISAT as both are aligned by their vision of food security, especially for the poorest and most vulnerable communities. It comes on the day that the pioneering UN Food Systems Summit kicks off in New York. The increasing/frequent climate crises and shocks such as the Covid-19 pandemic have worsened global hunger, threatening food security, nutrition and the livelihoods of millions,' Parajuli said.
Source: FnB News

Algeria's OAIC back for November shipment wheat.

Sep 28, 2021

Algeria’s state grain importer issued a fresh tender for optional milling wheat for November shipment over the weekend.

Source: Agri Census