With a production of 37.47 million metric tonnes, India is the largest producer of bananas in the world, followed by China, Indonesia, Brazil, and Ecuador. In fact, India accounts for 19.37% of global production of this most consumed staple fruit worldwide.
India's rice inventories surged to an all-time high of 29.7 million metric tons in November, sources said on Friday, nearly three times the government's target, as export curbs imposed over the past two years bumped up local supplies.
India is conducting a 'careful assessment' to finalise products that may attract higher retaliatory import tariffs from the European Union (EU), said a person privy to the development.
The Uttar Pradesh government, the Department of Economic Affairs (DEA) and the World Bank on Friday held negotiations for the Rs 3,903 crore Uttar Pradesh Agricultural Growth and Rural Enterprise Ecosystem Strengthening project.
Telangana, India is positioning itself as a hub for horticulture startups, supported by innovative work and vision. Telangana's work in producing crops like turmeric, chilies, tomatoes, and leafy vegetables is why it is seen as a fertile ground for startups. Desi vegetable seed production and bee-keeping ventures are poised for growth.
External affairs minister S Jaishankar and Russia’s first deputy prime minister Denis Manturov will hold a brainstorming session in Delhi on Tuesday to explore sectors for India’s investments including in Far-Eastern Russia and increasing trade to reduce trade deficit, which is currently in Russia’s favour owing to huge oil exports.
Despite a drop in its agriculture exports in 2023 to $51 billion from $55 billion in 2022, India maintained its position as world’s eighth largest exporter of agriculture products in the year as seven of the top ten exporting nations witnessed a decline, per figures collated by the WTO.
In a significant move to bolster regional connectivity and economic development, the Governor of Assam Lakshman Prasad Acharya inaugurated the Integrated Check Post Darranga in presence of Prime Minister of Bhutan Dasho Tshering Tobgay.
Special economic zones (SEZ) are special areas within a country that offer incentives to business and trade regulations operating in those areas. The main objectives of the SEZ are generating additional economic activity, promoting exports of goods and services from the country, promoting foreign and domestic investment and creating more employment opportunities beside the development of infrastructure facilities.