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14 Feb, 2024 News Image India-Peru Trade Pact set to take shape by 2024-end, round 6 of negotiations to start soon.
India and Peru have been seeing a steady growth in their trade relationship and the expectation is it may grow in double digit incrementally every year. In fact Financial Express Online learns that the negotiations for the India-Peru Trade Agreement is likely to be wrapped up this year even as preparations for Round 6 of talks start in full swing.
 
Talks for this pact commenced in 2017 and the fifth round was concluded in August, 2019. On account of Covid, the negotiations came to a pause. Luis Cabello – Trade and Tourism Counsellor of Peru in India is however optimistic as the sixth round of negotiations are set to begin soon, 'The sixth round of negotiations for the trade agreement between Peru and India will start. We expect to wrap it up by end of this year (2024).'
 
As per official data provided by both the Indian and Peruvian officials, the bilateral trade volume reached $3.12 billion in FY2023. India exported goods worth $865.91 million to Peru, and Peru’s total exports to India in 2023 equaled $2.55 billion. Key Indian exports to Peru include motor vehicles/cars, cotton yarn and pharmaceuticals, while Peru primarily exports gold, silver, copper ores and concentrates, industrial metals like aluminium, iron and agri products include blueberries predominantly.
 
Cabello pointed out that what really helps is that 'India and Peru are two complementary economies. We are not competing with each other. So that is why this agreement will be convenient for both economies. This does not just cover goods but also services and movement of people. It also covers investment.' As a result, he is confident of seeing 'at least 10% growth every year in trade volume between Peru and India.' 

 Source:  financialexpress.com
14 Feb, 2024 News Image Freight subsidy to promote agri products export from India.

Ministry of Food Processing Industries (MoFPI) has been implementing a Central Sector Scheme- 'Operation Greens (OG)'– A scheme for development of Tomato, Onion and Potato (TOP) value chain since 2018-19. The coverage of the scheme has since been expanded from 3 crops (Tomato, Onion & Potato) to 22 perishables crops which include 10 fruits, 11 vegetables (including TOP) and 1 marine i.e. shrimp as per the Union Budget 2021. The scheme has two pronged strategy of Price Stabilization Measures (short term measure) and Integrated Value Chain Development Projects (long term measure). Under the short term interventions of the scheme, MoFPI provides transportation (including air)/storage subsidy for eligible crop @ 50 % of eligible cost. In case of export, subsidy towards transportation charges is payable only upto Indian borders. Subsidy released under Short Term Interventions of the OG scheme is as below:

FY Kisan Rail Subsidy (Short Term) Total
2020-21 23.33 1.58 24.91
2021-22 54.46 3.74 58.20
2022-23 0 29.99 29.99
2023-24 0 2.00 2.00
Total 77.79 37.31 115.10
MoFPI through implementation of the Central Sector Scheme, namely, Pradhan Mantri Kisan Sampada Yojana (PMKSY), interalia, helps in creation of modern infrastructure with efficient supply chain management from farm gate to retail outlet across the country. The scheme not only provide a boost to the growth of food processing sector in the country but also helps in, interalia, reducing wastage of agricultural produce, increasing the processing level and enhancing the export of the processed foods.
 
MoFPI is also implementing a Centrally Sponsored Scheme- PM Formalisation of Micro Food Processing Enterprises Scheme (PMFME) for providing technical, financial and business support for setting up/upgradation of 2 lakh Micro Food Processing Enterprises. Production Linked Incentive (PLI) scheme also launched by MoFPI for the period 2021-22 to 2026-27 to create global food champions and improving the visibility of Indian food brands abroad.
 
No State/UT-wise allocation and release of funds is made specifically for promotion of exports, under any of the above three schemes implemented by MoFPI.

 Source:  en.krishakjagat.org
14 Feb, 2024 News Image GI-tagged rice to get HS codes, will boost exports.
Government is is keen to give new ‘harmonised system (HS)’ codes, a numerical classification mandatory for internationally-traded products, to boost exports of GI-tagged rice varieties such as Gobindobhog (West Bangal), Kala Namak (Uttar Pradesh), and Jeeraphool (Chhattisgarh) and Johra (Assam). Govt is discussing this with stakeholders, sources said.
The move will ensure exports of such rice varieties in case of any ban or restriction on exports of broken or white rice.
 
At present, there are six HS codes for non-basmati rice and one for basmati rice. There are 28 varieties of rice with GI certification. They are from Kerala, Maharashtra, Odisha, Bihar, Madhya Pradesh and Himachal Pradesh.
Govt has put a ban on export of non-basmati white rice to keep rices in the retail market in check. In the wake of imposition of restriction on rice exports, total shipment in the current fiscal is likely to fall by 50-60 lakh tonnes from 220 lakh tonnes in 2022-23, which was a record.
 
Meanwhile, the Agricultural and Processed Food Products Export Development Authority (APEDA) arm of the commerce ministry said on Tuesday that it has facilitated around 500 startups in marketing and exporting millet-based value-added products.
It has facilitated a farmer in Punjab to export 14.3 tonnes of millets and its products worth $45,803 to Australia. The shipment includes ready-to-cook millets derived from Kodo, Foxtail, Little, Browntop and Barnyard varieties.

 Source:  timesofindia.indiatimes.com
14 Feb, 2024 News Image APEDA facilitates Punjab farmer to export millets to Australia, says govt.
The commerce ministry's arm APEDA has facilitated a farmer in Punjab to export 14.3 tonnes of millets and its products worth $45,803 to Australia, an official statement said on Tuesday.
The shipment includes ready-to-cook millets derived from Kodo millet, Foxtail millet, Little millet, Browntop millet, and Barnyard millet, the commerce ministry said.
 
'A farmer from Sangrur, Mr Dilpreet Singh, has transformed into an exporter, marking his first export consignment of 14.3 metric tonnes of millets, and its products valued at $45,803,' it said.
It also said that India's millet exports have touched $45.46 million during April-November this fiscal against $75.45 million in 2022-23.
'Millets are gaining popularity in the global market. There is a significant increase in the export of cereal preparation, including value-added millet products. APEDA has facilitated around 500 startups in marketing, and exporting millet-based value-added products,' it said.

 Source:  business-standard.com
14 Feb, 2024 News Image Assam declares 'Kaji Nemu' as state fruit.
The Assam government on Tuesday declared 'Kaji Nemu' (citrus lemon) as the state fruit. 'Kaji Nemu' is known for its unique aroma and health benefits and carries Geographical Indication (GI) tag.
 
Agriculture Minister Atul Bora made the announcement in the state Assembly as per a decision of the Cabinet.
 
'The Cabinet meeting yesterday has approved the 'Kaji Nemu' as the state fruit of Assam. It is a laudable decision of our government', he said.
 
Bora pointed out that the fruit had received a GI tag in 2016 and has been commercially grown in the state, with it being exported also.
 
'Commercial plantation of the Kaji Nemu is being done. There is 15.90 hectares of land under its cultivation, with the production at 1.58 metric tonnes. In the last two years, this fruit has been exported to several countries, including to the Middle East', he said.
 
The minister also dwelt on the unique qualities of the Kaji Nemu, especially in boosting immunity and bringing a unique flavour to food.
 
Meanwhile, Chief Minister Himanta Biswa Sarma said the decision to declare Kaji Nemu as the state fruit will help the fruit to attract more prominence globally.
 
'Our government has decided to declare Kaji Nemu (Citrus Limon) as the State Fruit of Assam. With its unique aroma & antioxidant properties, Assam lemon has enriched our local cuisines,' he wrote on X.
 
With this announcement, it is set to shine on the global fruit map, boosting self-dependency and production, the CM added.

 Source:  economictimes.indiatimes.com
14 Feb, 2024 News Image APEDA facilitates around 500 startups to market and export millet based value added products.
Agricultural and Processed Food Products Export Development Authority (APEDA) has facilitated around 500 startups in marketing and exporting millet based value added products. A farmer from Sangrur, Shri Dilpreet Singh, has transformed into an exporter, marking his first export consignment of 14.3 metric tonne of millets, and its products valued at USD 45,803. Chairman, APEDA, Shri Abhishek Dev flagged off the consignment.
 
The shipment includes ready-to-cook millets derived from Kodo millet, Foxtail millet, Little millet, Browntop millet, and Barnyard millet. Additionally, flours sourced from Ragi, Jowar, Bajra, Foxtail, Kodo, Barnyard, Browntop, Little, and Proso millets were also a part of this unique export endeavour.
 
Shri Jasvir Singh, the importer based in Sydney, also participated in the virtual flag-off ceremony. He expressed his heartfelt gratitude to APEDA for their extensive support in facilitating the collaboration. He is optimistic about expanding further business opportunities and  ensured to continue to import more such consignments in future. The farmer has complete value chain control from end to end which is required by the buyers. He grows millets in his own farms, primary and secondary processing is done in his own unit including the packaging of international quality.
 
This success story exemplifies how the agricultural sector can be transformed, with farmers like Shri Dilpreet becoming key contributors  in agri export. This symbolizes the empowerment of local farmers venturing into international markets.  
 
With an increase in millet exports from USD 62.95 million in 2021-22 to USD 75.45 million in 2022-23 and with current export of USD 45.46 million from April – November 2023. Millets are gaining popularity in the global market. There is significant increase in the export of cereal preparation including value added millet products registering a growth of 12.4% over the same period last year.

 Source:  pib.gov.in
14 Feb, 2024 News Image Shri Pashupati Kumar Paras inaugurates 'SUFALAM': Launching Groundbreaking Start-Up Conclave for Food Processing Entrepreneurs.
Union Minister of Food Processing Shri Pashupati Kumar Paras  emphasised  the pivotal role of startups in the food processing sector. Inaugurating 'SUFALAM: Start-Up Forum for Aspiring Leaders and Mentors Startup Conclave 2024' he highlighted the significance of events like SUFALAM, emphasizing their potential to enhance networking, facilitate knowledge sharing, and enable startups to leverage various government schemes. He said this initiative stands as a testament to the government's steadfast commitment to nurturing entrepreneurship and creating an enabling ecosystem for startups, thereby empowering aspiring entrepreneurs in the food processing domain.
 
Minister of State for Food Processing Ms Shobha Karandlaje, in her special address, shed light on key aspects related to the supply chain and food processing sector. She emphasized its potential in realizing the Hon’ble Prime Minister’s vision of doubling farmers' income and positioning India prominently on the global stage in terms of increased exports, innovation, and meeting global food demands.
 
Smt. Anita Praveen, Secretary  MoFPI, highlighted the importance of registering all micro-entrepreneurs, self-help groups (SHGs), and MSMEs on the Start-Up India Portal. She elaborated on the vast scope for processing and value addition of agricultural produce, considering India's status as the largest producer of agri-produce. Furthermore, she elucidated on various schemes of MoFPI aimed at supporting and handholding startups to ensure their success and contribute towards realizing the PM’s vision of an Atmanirbhar Bharat (self-reliant India).
 
Shri Minhaj Alam, Additional Secretary of MoFPI, and Dr. Harinder Singh Oberoi, Director of NIFTEM-K were also present on the occasion. 'SUFALAM' emerges as a pivotal platform aimed at catalyzing innovation, fostering collaboration, and driving growth within the food processing industry.
 
The event witnessed participation from over 250 industry stakeholders, startups, MSMEs, financial institutions, venture capitalists, and academia. Spanning two days, the event comprises four knowledge sessions, two pitching sessions, and exhibition. The knowledge sessions are held in collaboration with FSSAI, EIC, APEDA, Start-up India, and FICCI, while the pitching sessions are conducted in partnership with industry giants such as Nestle India, HDFC Bank, Buhler India, Marico, Indian Angel Network, ITC Foods, LT Foods, and TCPL. A total of 35 exhibitors from across India are participating in the event.
 
The Startup Conclave for Food Processing Entrepreneurs holds the promise of being a transformative event, propelling the sector towards a future characterized by innovation, sustainability, and inclusive growth. As startups converge to showcase their ingenuity and vision, the conclave stands as a beacon of hope, inspiring the next generation of food processing leaders to redefine the boundaries of possibility.

 Source:  pib.gov.in
14 Feb, 2024 News Image DGFT notifies the Indian Trade Classification (Harmonised System) of Export Items, 2023 Chapter 01-39 of Schedule 2, Export Policy of ITC (HS), 2023.
The DGFT vide Notification No. 60/2023 dated February 13, 2024 notified the ‘Indian Trade Classification (Harmonised System) of Export Items, 2023’ for Chapter 01-39 of Schedule 2. This notification is in accordance with the Foreign Trade (Development & Regulation) Act, 1992, and the Foreign Trade Policy, 2023. The export policy and conditions for items under Chapter 01-39 are specified and available on the DGFT website. The notification is effective immediately.
 
In exercise of the powers conferred by Section 3 read with Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992), as amended, read with Para 1.02 and 2.01 of the Foreign Trade Policy, 2023, the Central Government hereby notifies Chapter 01-39 of Schedule 2 (Export Policy) of ‘Indian Trade Classification (Harmonised System) of Export Items, 2023’ [Chapter 01-39 of Schedule 2 (Export Policy) of ITC (HS), 2023] as enclosed in the Annexure to this Notification.
 
Chapter 01-39 of Schedule 2 of ITC (HS), 2023 contains current export policy of items indicated alongwith policy conditions to be fulfilled, if any. The same is available on the DGFT Website (www.dgft.gov.in) under heading captioned ‘ITC (HS) based Export Policy (Chapter 01-39)’.
 
This shall come into force with immediate effect.
 
Effect of This Notification: ITC (HS) based Export Policy for Chapter 01-39 of Schedule 2 is notified.
 

 Source:  a2ztaxcorp.com
13 Feb, 2024 News Image Millet farmer from Sangrur strikes gold in export deal.
There was a time when Dilpreet Singh, a farmer from Sangrur, was going from pillar to post to sell his millet. Local shops were turning him away. But now, a lucrative overseas market has suddenly opened up for him.
 
It all happened when Singh was browsing the internet looking for sales avenues for his millet. He came across the site of APEDA, the Centre’s agri export promotion agency. Using its help, he got an exporter’s license and completed other formalities such as fumigation to send his first consignment to Australia. It turned out to be a golden deal for Singh, who sold the millet at a rate that was over seven times what other exporters, on average, receive.
 
'I have already received $35,000 and will receive the remaining amount soon,' Singh told businessline. He grows millet on a 14-acre land and says he ensures there is no mix with any other grain, and the entire crop is chemical-free. Singh is also confident in meeting the importing country’s stringent condition – delivering the products to Australian Customs within 21 days of fumigation done in India.
 
The first export consignment of 14.93 tonnes of millets and millet-atta valued at about $45,000 was flagged off by APEDA Chairman Abhishek Dev on January 31. 'It is heartening to know our farmer is exporting millets from Punjab to Australia after meeting their requirements,' Dev said. The Sydney-based importer Jasvir Singh, who joined the virtual flag-off ceremony, expressed confidence in importing more such consignments in the future as the Sangrur farmer has complete value chain control from end-to-end.
 
Dilpreet Singh grows millets in his own farms and also does both primary and secondary processing in his own unit, including packaging. The first consignment included different millet varieties – Proso, Kodo, Foxtail, Little, Browntop, Barnyard, Ragi, Bajra, and Jowar – both in the form of grain as well as flour.
 
Narrating his journey, Singh said that the first time when he packed his products in a 500-gram pack and took it to a local shop, the trader refused to buy and advised him to sell at mandis in bulk. Undeterred, Singh kept trying.
 
'I started looking for export opportunities. As people from the diaspora normally help and I knew the current buyer earlier, I got in touch with him and he showed interest in my products,' Singh said.
 
India has exported 95,373 tonnes of millets worth $45.46 million (Rs.375.71 crore) during April-November of the current fiscal. In 2022-23, the millet export was 169,049 tonnes worth $75.45 million (Rs.608.12 crore). APEDA has facilitated around 500 start-ups in marketing and exporting millet-based value-added products.
 

 Source:  thehindubusinessline.com
13 Feb, 2024 News Image MoFPI implementing Pradhan Mantri Kisan Sampada Yojana across the country.
The Ministry of Food Processing Industries (MoFPI) has been implementing an umbrella scheme- Pradhan Mantri Kisan Sampada Yojana (PMKSY) since 2017-18, across the country. PMKSY is a comprehensive package of component schemes, which is aimed at creation of modern infrastructure with efficient supply chain management from farm gate to retail outlet. It provides a boost to the growth of food processing sector in the country, helps in providing better prices to farmers, creates employment opportunities especially in the rural areas, reduces wastage of agricultural produce, increases the processing level and enhances the export of the processed foods.
 
During the last three years i.e. 2020-21, 2021-22, 2022-23 and 2023-24, 540 projects have been approved under the component schemes of PMKSY; and 399 projects have been completed resulting in creation of 86.06 Lakh Metric Ton (LMT) processing and 22.63 LMT preservation capacities. A total of 1,78,781 employment opportunities have been generated over the said period.
 
MoFPI, rather than supporting projects under Public Private Partnership model, provides financial assistance to eligible entities for setting up of food processing projects wherein 948 cold storages with the capacity of 18.16 LMT has been established under various component schemes of PMKSY since their inception.
 
Under various sub-schemes of PMKSY viz. Operation Greens Scheme - Long Term Interventions, Integrated Cold Chain & Value Addition Infrastructure Scheme and Creation/ Expansion of Food Processing and Preservation Capacities Scheme, financial assistance in the form of grants-in-aid is provided for setting up of food processing projects which helps to curtail produce wastage and elevate processing percentage in the country.

 Source:  fnbnews.com