16 May, 2024 News Image Merchandise exports grow by 1.08% at USD 34.99 Billion in April 2024 as compared to USD 34.62 Billion in April 2023.

India’s total exports (Merchandise and Services combined) in April 2024* is estimated to be USD 64.56 Billion, exhibiting a positive growth of 6.88 per cent over April 2023. Total imports (Merchandise and Services combined) in April 2024* is estimated to be USD 71.07 Billion, exhibiting a positive growth of 12.78 per cent over April 2023.


 Source:  pib.gov.in
16 May, 2024 News Image 8th India-Peru trade agreement negotiations, 5th AITIGA JC meeting scheduled for July.

The 8th round of trade agreement negotiations between India and Peru is expected to take place in July this year and will focus on lowering customs duties, addressing technical barriers to trade, and introducing dispute settlement mechanisms.


 Source:  theprint.in
16 May, 2024 News Image India-UK trade pact: Work in progress to resolve pending issues.

Senior officials of India and the UK held negotiations last month on the outstanding issues of the proposed free trade agreement (FTA) and the work is in progress to iron out the differences. According to the commerce ministry, the Indian team visited London from April 16-19 for negotiations.


 Source:  businessinsider.in
16 May, 2024 News Image Chabahar brings to fore India's hidden infrastructural play.

Construction of a gargantuan network of roads, highways, tunnels, bridges, airports, metros and high-speed trains is the showpiece of the Narendra Modi government. But one crucial piece of Modi's massive infrastructure upgrade remains invisible to voters.


 Source:  economictimes.indiatimes.com
16 May, 2024 News Image Govt plans to formulate SOPs for negotiating free trade agreements.
India is considering formulating standard operating procedures (SOP) for negotiating free trade agreements (FTAs) as the country is engaging with several trade partners for such pacts, an official said.
To discuss the various aspects of these agreements, the commerce ministry is organising a two-day 'Chintan Shivir' on FTA strategy and SOPs for trade negotiations.

 Source:  business-standard.com
16 May, 2024 News Image India Registers Record $778 Billion Export In 2023-24: Report.

India registered record exports in the just concluded financial year 2023-24 at USD 778 billion, sources in the commerce ministry said. In 2022-23, the country exported goods and services combined at USD 776.3 billion.


 Source:  ndtv.com
16 May, 2024 News Image Number of Agri startups jumps multifold to 7,000 in last 9 years: Report.
The number of startups in agriculture and allied sectors has risen to over 7,000 in the last nine years due to a conducive business environment and government support, a report said.
Before 2014-15, there were less than 50 startups in agriculture and allied sectors, according to a report titled 'Transformation of India's Agriculture' released by the Federation of All India Farmer Associations (FAIFA) on Wednesday.

 Source:  business-standard.com
16 May, 2024 News Image 34th session of FAO Regional Conference for Europe & Central Asia opens with focus on bolstering resilience of agrifood systems.

While countries in Europe and Central Asia are grappling with conflict and environmental challenges, they are well positioned to pursue the sustainable transformation of agrifood systems and have already taken steps towards achieving many of the core Sustainable Development Goals (SDGs), QU Dongyu, director general, Food and Agriculture Organization of United Nations, said recently in remarks opening the 34th Session of the Regional Conference for Europe and Central Asia (ERC).


 Source:  fnbnews.com
16 May, 2024 News Image 3rd Session of India-Zimbabwe Joint Trade Committee held in New Delhi.
Third Session of India-Zimbabwe Joint Trade Committee (JTC) was held in New Delhi from 13.05.2024 to 14.05.2024 under the co- chairpersonship of Economic Adviser, Department of Commerce, Ministry of Commerce and Industry, Government of India, Ms. Priya P. Nair and Chief Director, Economic Cooperation, International Trade and Diaspora, Ministry of Foreign Affairs and International Trade, Government of the Republic of Zimbabwe, Ms. Rudo. M. Faranisi. Charge d'Affaires, Embassy of Zimbabwe, Mr. Peter Hobwani along with over 15 delegates from relevant Ministries accompanied the Zimbabwean delegation. The discussions were held in a cordial and friendly atmosphere. There was enthusiastic response towards greater cooperation, addressing pending issues, boosting trade and investment and greater people to people contacts.
 

 Source:  pib.gov.in
15 May, 2024 News Image Celebrating Millets: Google Arts & Culture launches digital exhibition with India's Ministry of Agriculture & Farmers Welfare.
Google Arts & Culture and India's Ministry of Agriculture and Farmers Welfare have joined forces to unveil a digital exhibition titled 'Millets: Seeds of Change.' This innovative showcase celebrates the profound historical significance and burgeoning global relevance of millets, with India reigning as the world's foremost producer of these nutritious grains.
 

 Source:  businesstoday.in