22 Apr, 2024 News Image India is emerging as a major manufacturing & export hub with launching of new schemes : Ashwini Vaishnav.

The Union Minister Shri Ashwini Vaishnaw said, with the introduction of new schemes and  preparing a framework in about a dozen different industrial sectors in the field of transport, power supply, logistic, digital connectivity and few other fields the country enabling to enhance exports upto the value of one lakh crore dollars by the year 2030 in the international market as such the country may  become a hub for the manufacturing as well as exports in future, under this framework.


 Source:  indiashippingnews.com
22 Apr, 2024 News Image World Food India 2024: MoFPI to Host Int l Event Showcasing India's Thriving Food Processing Sector.
The Ministry of Food Processing Industries, Government of India, is gearing up to host the highly anticipated World Food India 2024 event from September 19th to 22nd at Bharat Mandapam, Pragati Maidan, New Delhi. This international congregation aims to spotlight India's robust food processing sector and attract strategic investments across various subsegments to bolster India's position as a global food basket.
 

 Source:  krishijagran.com
19 Apr, 2024 News Image Over 60 products from across India earn GI tags.

Over 60 products from across India, including the famous Banaras Thandai, have been given the Geographical Indication (GI) tag. This is the first time such a large number of GI tags have been given at a go, a senior official from the Geographical Indications registry said. He also said that more States were coming forward and filing applications to get a GI tag for some of their traditional and historic products.


 Source:  thehindu.com
19 Apr, 2024 News Image India Eyes Review Of 2011 FTA With Japan To Address Trade Imbalance.
India is likely to initiate negotiations with Japan in the coming months to review their 2011 free trade agreement (FTA), formally known as the Comprehensive Economic Partnership Agreement (CEPA).
The primary objective for India is to address the persistent trade deficit it has faced with Japan since the implementation of the CEPA, reported Mint.

 Source:  knnindia.co.in
19 Apr, 2024 News Image FAO guide to new International Day of Potato sets scene for first-ever observance on May 30.
As the world prepares to celebrate the first-ever International Day of Potato next month, the Food and Agriculture Organization of the United Nations is shining a spotlight on the enormous importance of this crop that feeds billions of us and on the further potential to be tapped.
 

 Source:  fnbnews.com
19 Apr, 2024 News Image Bangladesh: Govt allows private sector to import 1.24 lakh tonnes rice.

A total of 50 private sector rice importers have already got the government approval to import the amount of rice which includes 91,000 tonnes of boiled and another 33,000 tonnes of non-boiled Atap rice.


 Source:  businesspostbd.com
19 Apr, 2024 News Image India exports record 48.86 lakh tonnes oilmeal in FY24: SEA.
India exported a record 48.86 tonnes of oilmeal -- used as animal feed -- during the 2023-24 financial year on revival of shipments of soyabean meal, industry body SEA said on Thursday. In value terms also, the country's oilmeal exports were highest at Rs 15,368 crore during 2023-24 fiscal.
 

 Source:  economictimes.indiatimes.com
19 Apr, 2024 News Image IMF raises India's GDP growth forecast by 30 bps to 6.8% for FY25.
The International Monetary Fund (IMF) on Tuesday raised India’s GDP growth projection for 2024-25 by 30 basis points to 6.8 per cent in its update to the World Economic Outlook (WEO), citing buoyant domestic demand. However, the fund’s estimate is below the 7 per cent growth projection by the government.
 

 Source:  business-standard.com
19 Apr, 2024 News Image India a standout performer amidst sluggish global growth trends: Economic Affairs Secretary to World Bank.
Despite a challenging global scenario, India's economy has shown robust growth over the past year backed by sustained consumption and investment demand, a top Indian official told members of a World Bank committee here.
 

 Source:  economictimes.indiatimes.com
19 Apr, 2024 News Image Good market access offered on both sides, says UK on India FTA talks.

There has been good market access offered on both sides but not enough to secure a free trade agreement (FTA), the UK government has said as Indian negotiators are in London this week to continue discussions with their British counterparts.


 Source:  economictimes.indiatimes.com