India's trade performance demonstrated stability and moderate growth during the first quarter of the current financial year, according to a NITI Aayog Trade Watch report released on Wednesday.

 

U.S. President-elect Donald Trump's pledge to impose high tariffs on three of its trading partners, including China will provide huge export opportunities for India and the domestic industry should prepare itself to tap into that, NITI Aayog CEO B.V.R. Subrahmanyam said on Wednesday (December 4, 2024).

 

After the registration of Basmati Rice as a Geographical Indication (GI in 2008, the exports of Basmati Rice including from the state of Punjab have increased from 106 countries to 150 countries in 2023-24.

 

The Indian delegation led by CEO FSSAI is making a ‘forceful’ intervention at the 47th Session of the Codex Alimentarius Commission (CAC47) in Geneva, Switzerland, as India is taking lead in development of global standards.

 

The government has asked banks to flag operational hurdles in implementing the international trade settlement in Indian rupees through the special rupee vostro accounts (SRVA) mechanism.

 

India and Moldova on Tuesday discussed the potential areas of collaboration in the field of agriculture and allied sectors to strengthen bilateral relation.

Ana Taban, Ambassador of Moldova to India, paid a courtesy visit to Agriculture Secretary Devesh Chaturvedi here, according to an official statement.

 

India is eyeing to be a global economic powerhouse with its remarkable achievements in the export landscape. However, the government claimed that the country has witnessed significant progress in diverse sectors, ranging from petroleum oils and agrochemicals to semiconductors and precious stones. This growth reflects India’s ability to leverage advanced technology, innovative practices, and competitive manufacturing to meet global demands, the commerce ministry said on Tuesday.

 

Ministry of Agriculture and Farmers Welfare (MoA&FW) is implementing various programmes for promotion of Agriculture Business in the country.

(i) 'Innovation and Agri-Entrepreneurship Development” programme is implemented under Rashtriya Krishi Vikas Yojana (RKVY) from 2018-19 onwards with an objective to promote innovation and agri-entrepreneurship by providing financial support and nurturing an incubation ecosystem in the country. Ministry of Agriculture and Farmers Welfare has appointed five Knowledge Partners (KPs) and twenty-four RKVY Agribusiness Incubators (R-ABIs) across the country for implementation assistance and incubation of start-ups under this programme.

Government is promoting organic farming for improving soil health and water retention through the schemes of Paramparagat Krishi Vikas Yojana (PKVY) in all the States/UTs and Mission Organic Value Chain Development for North Eastern Region (MOVCDNER) exclusively for North Eastern States. Both the schemes stress on end-to-end support to farmers engaged in organic farming i.e. from production to processing, certification & marketing and post-harvest management training and capacity building.

 

Efforts to strengthen intercontinental trade and socio-economic relations between India and Africa are gaining momentum with the planned establishment of the India-Africa Trade Centre in Kharghar, Navi Mumbai. City and Industrial Development Corporation(CIDCO) has reserved 25-35 acres within its international trade hub for this ambitious project, which is being spearheaded by the Africa-India Economic Foundation (AIEF).