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01 Nov, 2022 News Image UP to host event promoting setting up of food processing industries.
The Uttar Pradesh Government will host a three-day event focusing on food processing industries starting from November 2. Called the 'Agro Based MSME Udyami Mahasammelan', the event will be organised to promote setting up of food processing industries in MSME Sector in the largest state in India.
 
According to the Department of Horticulture UP Government, the focus would be on start-ups and prospective entrepreneurs who want to set up food processing industries in UP along with existing entrepreneurs engaged in agro based food processing industries / business mainly in MSME Sector who want to diversify and expand.
 
The UP Government is expecting participation of around 100 exhibitors and 1,500 representatives from the food processing sectors including research bodies like CFTRI Mysore.
 
The event, according to the officials, will also act as a platform for disseminating information regarding various schemes being run by the Government including those related to financing of projects.
 
The UP Government has stated that the food processing industry would have a significant role in taking the state’s economy to one trillion US dollar level. At present UP’s economy was 250 billion US dollar which included contributions of Rs 4.5 lakh crore from the agriculture sector and Rs 50,000 crore from the food processing industry.
 
Over 70,000 MSME units in the food processing sector were registered in Uttar Pradesh while the number of unregistered units was around 20 lakh. The Horticulture Department has said that UP was top in 15 major agriculture and horticulture crops in the country wherein wheat, mango, potato and watermelon were some of the major crops produced here.

 Source:  fnbnews.com
01 Nov, 2022 News Image Wheat sown in 54,000 hectares, increase of 59% from last year: Govt data.
Wheat has been sown on 54,000 hectares so far in the current rabi (winter) season of the 2022–23 crop year, which is an increase of 59% over 34,000 hectares in the comparable period last year, government data issued on Friday revealed.
 
The main rabi crop, wheat, is sown beginning in October, and it is harvested in March or April. Additionally, other significant crops grown during the rabi season(July-June)include gramme and mustard.
 
About 39,000 hectare was covered under wheat in Uttar Pradesh, 9,000 hectare in Uttarakhand, 2,000 hectare in Rajasthan and 1,000 hectare in Jammu & Kashmir as on October 28, the seeding data elaborated.
 
For this rabi season, area sown to pulses remained higher at 8.82 lakh hectare against 5.91 lakh hectare in the year-ago period. Among pulses, the gram was planted in 6.96 lakh hectare against 5.91 lakh hectare a year ago.
 
Regarding oilseeds, about 19.69 lakh hectare was sown to six types of oilseeds, higher than 15.13 lakh hectare in the year-ago period. Much of the area was sown to rapeseed and mustard at 18.99 lakh hectare compared to 14.21 lakh hectare in the year-ago period.
 
The data further highlighted that rice was planted on 4.02 lakh hectare as compared to 3.54 lakh hectare a year before, while coarse cereals were put on 4.68 lakh hectare as opposed to 2.31 lakh hectare.
 
As of October 28, this rabi season, the overall area covered by all rabi crops was still larger at 37.75 lakh hectare than the 27.24 lakh hectares it was during the same time last year.
 
After the field is cleared following the harvest of the Kharif crops, sowing is expected to increase in the upcoming weeks.
 

 Source:  economictimes.indiatimes.com
01 Nov, 2022 News Image India allows rice exports backed by already issued letters of credit.
India said it will allow cargoes of white and brown rice backed by letters of credit issued before Sept. 9 to be shipped overseas, a measure that provides some relief to exporters grappling with fresh government curbs.
 
The world's biggest exporter of rice on Sept. 8 banned exports of broken rice and imposed a 20% duty on exports of various grades as it sought to boost domestic supply and calm local prices after below-average monsoon rainfall curtailed planting.
 
The surprise move trapped nearly 1 million tonnes of rice at ports or which had been in transit before the government made the announcement.
 
'It's a big relief, which we have been asking for the last few weeks,' said B.V. Krishna Rao, president of the Rice Exporters Association.
 
Export prices for Indian white rice have risen 12% since Sept. 9.
 
The government also said in its notice issued late on Monday that it would allow 600,000 tonnes of unmilled rice to be exported to Nepal, which traditionally relies on India to fulfill its food grains requirements.
 
India accounts for more than 40% of global rice shipments and competes with Thailand, Vietnam, Pakistan and Myanmar.
 
New Delhi last month allowed 397,267 tonnes of broken rice to be exported.

 Source:  reuters.com
01 Nov, 2022 News Image India set to permit sugar exports from Nov 1, but volume cap will continue until October 2023.
The Indian government is set to allow the resumption of sugar exports through permits from November 1 and as the first step to facilitate it, extended the volume cap on shipments until October 31, 2023.
 
Official sources said the Food Ministry will likely issue an order on the permits allotting mill-wise quota on Monday (October 31). At least 6 million tonnes (mt) of sugar will be allowed for exports to start with. The order, subject to clearance by authorities, will provide details on how export of sugar by each mill will be permitted.
 
In a notification issued late on Friday night, the Directorate-General of Foreign Trade said the restriction on sugar exports, which was initially imposed until October 31 capping shipments at 10 mt, will be in place until further orders or October 31, 2023 - whichever is earlier. The Government later allowed additional shipments of 1.2 mt. It has now extended the time to complete these shipments.

 Source:  thehindubusinessline.com
01 Nov, 2022 News Image Taiwan minister to visit India this week with 70-member business delegation.
A Taiwanese minister will travel to India this week with a 70-member trade delegation for wide-ranging talks on economic cooperation and to explore new opportunities at two business events, people familiar with the matter said.
 
The meeting between the deputy economic ministers of India and Taiwan is an annual affair though it has been held virtually for the past two years because of the Covid-19 pandemic. The visit by Chern-Chyi Chen, deputy minister of Taiwan’s economic affairs ministry, marks the resumption of in-person meetings.
 
'This is one of the highest platforms for interaction between the two sides. Besides economic issues, the deputy ministers’ forum can take up other important issues such as cooperation in science and technology,' one of the people cited above said.
 
The meeting of the deputy economic ministers is hosted alternatively by India and Taiwan.
 
The visit comes at a time when the Indian side is in talks with some of Taiwan’s biggest chipmakers such as Taiwan Semiconductor Manufacturing Co to set up plants in the country as part of the government’s plans to take the lead in hi-tech manufacturing. It also comes at a time when India’s ties with China are severely strained because of the military standoff on the Line of Actual Control (LAC).
 
The business delegation accompanying Chen, which will include representatives from some of Taiwan’s leading IT and tech companies, will participate in the 6th edition of the India-Taiwan Industrial Collaboration Summit organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Chinese National Federation of Industries (CNFI) on November 3. They will also join the first India-Taiwan CEOs roundtable later in the day.
 
The business summit has become an important mechanism to promote investment opportunities and collaboration between India and Taiwan, according to FICCI. One of the focus areas of the summit will be to encourage Taiwanese investments in India. It will also provide a platform to explore opportunities for collaboration in electronics manufacturing, smart cities, green technologies and smart automotive components.
 
Taiwan has also been pushing for a free trade agreement with India to remove barriers to trade and investment and to create resilient supply chains though the two sides haven’t made much headway despite a few rounds of talks since last year, the people said.
 
India and Taiwan do not have full-fledged diplomatic ties and established representative offices in each other’s capitals in 1995. Taiwan is currently India’s 16th largest trading partner and annual two-way trade is worth about $7 billion.
 
Following US Speaker Nancy Pelosi’s visit to Taiwan in August, China asked India to reiterate the 'one-China' policy through diplomatic channels. However, India avoided any mention of the 'one-China' policy as it opposed unilateral actions to change the status quo in the Taiwan Strait in its official response to tensions triggered by China’s military drills following Pelosi’s visit.

 Source:  hindustantimes.com
01 Nov, 2022 News Image Saffron production up 30 pc in Kashmir.
Saffron production this year in Kashmir has seen an increase of 30 per cent due to good weather conditions, timely rainfall and natural multiplication in carom, Saffron Association of Kashmir Chairman Abdul Majid Wani has said.
 
Farmers including women and children are busy in Pampore and adjacent areas harvesting the crop these days.
 
'The production also increased this year due to natural multiplication of carom which has become the joyous season for the growers in Pampore. This natural process would help in increased production in saffron next year for the growers,' Wani told UNI.
 
As the harvesting of the crop in south Kashmir is in full bloom, there is tremendous demand from buyers from the other parts of the country and internationally too.
 
This year, the rate of ‘Lacha’ quality saffron has been settled at Rs 185 per gram while ‘Morga’ quality has been settled at Rs 240 per gram at Kashmir's Park Pampore.
 
'The growers earlier were very much disappointed due to low rates in the market. But since the Kashmir Saffron Park came into existence and has decided rates on a high note, the farmers started taking more interest in cultivation of saffron’’ Wani added.
 
There is a huge demand for saffron from all around the world since it gets the geographical indication (GI) tag --- a sign used on products that have a specific geographical origin and possess qualities or a reputation that are due to that origin.
 
It is very difficult to fulfil the demands as required by various buyers in India and other parts of the world this year, he said.
 
He said this year huge advance demands was received for saffron. 'It is impossible to complete the orders for everyone. Last year, Lulu International group of Dubai had put an order for 30 kg of saffron and this year they have also placed a huge order of saffron.'
 
There are 30-40 Indian as well as international big buyers registered at Kashmir Saffron Park.
 
All are demanding 50 to 100 kg and 200 kg of saffron this time. TATA group has sought 150 kg of saffron in their first order this year, which is very difficult to settle in one go, Wani claimed.
 
He said a meeting with the TATA delegation was still going on and 'we are likely to provide them up to 60 kg of saffron this time'.
 
He said last year a company from Switzerland purchased saffron from the Kashmir Saffron Park and this year also they have placed a big order.
 
He said it was possible to provide them 150 kg of saffron in one go if all the growers of the Pulwama belt sold their crop at Kashmir Saffron Park.
 
Although the number of saffron sellers increased this year compared to last year, still a huge number of growers are evading the Park.
 
He said the Kashmir Saffron Association has this year decided that if any grower needs advance money and brings his produce at the Park, he will be provided through a Farmer Producer Organization (FPO).
 
He said buyers purchasing a gram of saffron from us for Rs 240 are selling it for Rs 500 to Rs 600 in the market.
 
Earlier, Iranian saffron was being sold in the name of Kashmir saffron which is not possible now after its recognition.
 
About 30,000 families in the Pampore area are associated with saffron cultivation. The town’s saffron is considered to be of superior quality because of the presence of a higher concentration of crocin content – which gives the saffron its darker colour and medicinal value.
 
More villagers of the upper Pampore area including Pokhribal, Nagander, Bathen and Zazpakren have also started to produce the crop in wasteland after its good outcome and monetary benefits.
 
The government also provided Rs 20,000 to each farmer under the Saffron Mission scheme for cultivation of the crop.
 
Wani said the Kashmir Saffron Association demands the completion of an irrigation facility which has been left half way. This has also been brought into the notice of the Lt Governor of Jammu and Kashmir Manoj Sinha.
 
This year the weather remained favourable and timely rainfall helped in growth of the crop. 'But I cannot say what will happen in future as the climate is rapidly changing all over.'
 
He said the climatic change could become fatal if the irrigation project is no completed.
 
'We have also demanded a complete ban on exporting the saffron seeds to other states of India so that the farmers can first become self-sufficient in producing the crop', he added.
 
Wani said there is a government proposal to make available land of about 50 kanal for turning that into a saffron seed nursery and several farmers have agreed to have this.
 
Kashmir's saffron farmers have also demanded fencing the whole land of saffron in Pampore area to save the fields from porcupines which eats the flowers at night.
 
The porcupine is mostly attacking in Gundbal, Shaar, Khrew, Ladhoo, Bathen and Nagandar areas. Some farmers have fenced their land at their own cost.
 

 Source:  uniindia.com
01 Nov, 2022 News Image Oman, India to invest more in agriculture, food security.
Sultanate of Oman’s focus on economic diversification as part of Oman Vision 2040 is a key area on which future strategic and bilateral partnerships will grow with other friendly countries. It was in this backdrop that the Omani-Indian Business Forum, organised on Sunday by the Oman Chamber of Commerce and Industry (OCCI) in cooperation with the Ministry of Agriculture, Fisheries, and Water Resources, highlighted the strong potential of growth between Oman and India in food security, agriculture and other sectors.
 
With emphasis on economic diversification, agriculture and fisheries are areas of priority for government investment.
The forum witnessed bilateral meetings between Omani entrepreneurs and their Indian counterparts who explored areas of cooperation in agriculture and food security sectors with the possibility of establishing strategic partnerships to increase investments in these sectors.
 
Eng Rida bin Juma Al Saleh, Chairman of the Oman Chamber of Commerce and Industry, said: 'The forum and the accompanying bilateral meetings will help us strengthen trade and investment relations between the Sultanate of Oman and India as we explore areas of cooperation and partnership in sectors related to food security, agriculture and other promising sectors.'
Al Saleh added, 'We also look forward to strengthening cooperation with the private sector in India, maximising the use of services provided by both countries, focusing on the agricultural sector and investment opportunities that can be benefited from, developing sustainable solutions to public challenges and incorporating new investments.'
 
The volume of trade exchange between the two friendly countries amounted until the end of June 2022 to more than OMR2 billion, and the value of Omani imports from India exceeded OMR793.47 million, while the value of Omani exports to India amounted to more than OMR1.34 billion.
 
Al Saleh said that Indian investments registered in the Sultanate of Oman amounted to OMR12 billion during the year 2020 as direct investments in various sectors.
 
Speaking at the forum, Amit Narang, Ambassador of India to the Sultanate of Oman, said 'the forum embodies the depth of trade and investment relations between the two friendly countries.'
 
He pointed out the importance of the two sides’ keenness to organise visits of trade delegations to benefit from expertise and experience and to work on establishing commercial partnerships.
 
On the sidelines of the forum, bilateral meetings were held between Omani business owners and their counterparts from India, with the aim of exchanging information and data, facilitating the process of communication and establishing partnerships and investment agreements that contribute to the formation of joint investment projects that serve the aspirations of the two countries.

 Source:  timesofoman.com
01 Nov, 2022 News Image South Indian States Account for More Than a Third of The GI Registrations.
Many products that we come across in our daily lives, such as Kashmir Saffron, Rasagola, Pochampalli Ikat or Solapur Chaddar, may be linked to some geographical location that proudly holds the patronage and authority to secure recognition and protection of their product in the market. The product can be a food, handicraft or agricultural product that is unique to the place and is popular across states or even countries. Such products are the origin’s claim to fame and attract consumers from across the world because of their distinctive features. 
 
These products are given a Geographical Indication (GI) Tag to safeguard the quality of the product and prevent unauthorized use of a Registered Geographical Indication by others. In other words, the GI Tag provides security to the unique goods which are either manufactured or produced by an individual or an association of people. GIs play a crucial role in trade and economy. In addition to branding goods and marketing strategies, GIs have been vital for the preservation of traditional knowledge and cultural practices. It also helps contribute to rural development by supporting the regional producers.  
 
In India, The Geographical Indications of Goods (Registration and Protection) Act was passed in December 1999 and came into effect in 2003. It comes under the purview of the Ministry of Commerce and Industry. Under this Act, the Geographical Indications Registry was introduced, in which a register on GIs is maintained containing the details of the GI along with the basic details of the proprietors and authorized users. The product is registered initially for a period of 10 years which may be renewed once the period is over based on the provisions of the act.
 
420 GI goods have been registered in India in 18 years
 
As per the information provided on the registry website, a total of 420 GI goods have been registered in India as of 31 March 2022.  The registration of GIs began in the year 2004-05 and the first applicant was from West Bengal for Darjeeling Tea. Darjeeling Tea has received the GI status for both the product name and the logo. 
 
On an average, 23-24 goods get registered in India annually. In the first year (2004-05) when the registrations began, only 3 goods- Darjeeling Tea, Aranmula mirror, and Pochampalli Ikat were registered. However, in 2008-09, 45 goods secured the GI tag. Since 2010-11, a minimum of 20 goods have secured the tag each year, except in 2020-21, when only five goods were given the tag, indicating the impact of the pandemic. However, in 2021-22, 50 goods found their way to the registry, the highest number in a year.
 
Italy accounts for nearly 50% of the Goods registered from outside India
 
Of these 420 registered goods, the origin of 29 goods is outside India. These products are registered in India to ensure recognition and protection of their rights. These products are mainly cheese, wines, and spirits. A total of 12 countries including the UK, USA, Ireland, France, Italy, Mexico, Thailand, Peru, Portugal, Czech Republic, Greece, and Germany have registered products in India. About 50% of these registered goods from outside India are from Italy. In 2021-22 alone, Italy registered 9 goods including Gorgonzola cheese and Toscano vine.
 
Andaman and Nicobar Islands, Lakshadweep, and Chandigarh have no entry in the registry
 
GIs have been registered from almost all the States and UTs, except Andaman and Nicobar Islands, Chandigarh, and Lakshadweep. That is, goods belonging exclusively to the states have been registered by all states except Punjab, Haryana, and Delhi while these states possess only those goods which are shared by other states. For instance, Punjab, Haryana, and Delhi along with other states share the GI tag for Basmati rice. 
 
Of the 420 goods registered in the GI registry, 28 are shared between states. Such goods have been added to each of the states to which they belong for analysis, because of which the total number of goods does not add up to 420.  In other words, the GI Tag for Malabar Pepper is shared among Kerala, Karnataka, and Tamil Nadu. For analysis, this has been added to each of these states as 1 for Kerala, 1 for Karnataka, and 1 for Tamil Nadu. Some of the examples of such shared goods are Monsooned Malabar Arabica Coffee and Monsooned Malabar Robusta Coffee from Kerala and Karnataka, Warli Painting along the Western states of Maharashtra, Gujarat, Dadra and Nager Haveli and Daman & Diu, Kolhapuri chappal from Karnataka and Maharashtra, and Dalle Khursani which is a type of chilly from Sikkim and West Bengal.
 
South Indian states account for more than one-third of the GI registrations
 
Among states, Karnataka has the largest number of registered GI tags. 45 goods have been registered from Karnataka including 3 goods registered from multiple states where Karnataka is one of the states. Tamil Nadu has the second-highest number of registrations (44) including 42 unique registrations and 2 shared registrations. Uttar Pradesh, Kerala, and Maharashtra have more than 30 goods registered each, and West Bengal has 22 goods registered. Together, these 6 states account for more than 48% of the total number of registrations (including shared). The South Indian states of Kerala, Karnataka, Tamil Nadu, Telangana, Andhra Pradesh, and Puducherry alone account for more than one-third of the registrations. (36%)
 
85% of the registered goods are either handicrafts or agricultural goods
 
All GI-registered goods are categorized into five categories. These are manufactured, natural, agricultural goods, handicrafts, and foodstuffs. About 55% (232) of the registered goods belong to the Handicrafts category. Agricultural goods contributed to 128 (30%) of the 420 GI registrations. Only 38 manufactured goods and 20 foodstuffs were registered. The only two natural products registered are Makrana Marble of Rajasthan and Chunar Balua Patthar from Uttar Pradesh. In 2021-22, 16 agricultural goods and 14 manufactured goods entered the registry, the highest number of registrations from the two categories in a year.
 
Among the 29 non-Indian origin goods registered, 25 were manufactured goods, 3 were foodstuffs, and one was handicraft – the Lamphun Brocade Thai Silk from Thailand. 
 
483 applications are pending with the government for scrutiny, as on 31 October 2022
 
The latest (421st) and only product to enter the GI Registry in 2022-23 so far is the Mithila Makhana. The GI registry has received a total of 1012 applications since inception, as on 31 October 2022. About 483 applications were pending scrutiny. Some of the latest applications are for the Pithora Painting of Madhya Pradesh, Banaras Thandai, Jaunpur Imarti, and Nihonshu / Japanese Sake.

 Source:  factly.in
01 Nov, 2022 News Image India-GCC free trade agreement: High time for boosting India s economic ties with the Gulf countries.
The India-UK Free Trade Agreement (FTA) may be on the backburner due to the political turmoil in the country in recent months, but India is pressing ahead with other deals with partners in a bid to boost export-oriented domestic manufacturing.
 
India is reportedly reviving the FTA negotiations with the Gulf Cooperation Council (GCC), a bloc of six Arab countries including Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and UAE. India and the GCC share historical ties due to their proximity and ancient trade and cultural links. India and GCC hope to leverage the existing partnership to deepen trade among the members.
 
Major gains for all sides
 
An India-GCC FTA has major gains for all sides. An economic times report identified at least 1,100 products, including washing machines, ACs, refrigerators, spices, tobacco, cotton fabrics, textiles and leather that can see higher exports through the pact.
 
According to the Ministry of Commerce, India’s export to the gulf countries has increased by 58.26 per cent to about $44 billion in 2021-22 against $27.8 billion in 2020-21, with Gulf countries. Bilateral trade between India and the GCC grew from $ 87.35 billion in FY 2020-21 to $ 154.66 billion in FY 2021-22. This is an enormous leap of 77.06 per cent on a year-on-year basis.
 
India shops for crude oil and natural gas from Gulf nations such as Saudi Arabia and Qatar. India exports pearls, precious and semi-precious stones; metals; imitation jewellery; electrical machinery; iron and steel; and chemicals to these countries which are predominantly import dependent.
 
An FTA is being regarded as a win-win for all sides.
 
Other FTAs on the horizon
The Russia-led Commonwealth of Independent States (CIS) has also reportedly approached India for an FTA. Besides this, India has fast-tracked negotiations with Canada and the European Union (EU). New Delhi already has
 
On 18 February 2022, a comprehensive economic partnership agreement (CEPA) was finalised with the UAE. This wrapped up within a record 90 days of commencement of negotiations and was implemented on 1 May 2022. An Economic Cooperation and Trade Agreement (ECTA) with Australia was also concluded on 2 April 2022.
 
The highly-anticipated FTA with UK has hit a speed bump due to a domestic crisis but the momentum with which India is seeking and finalising FTAs is strong.
India is driven to strike FTAs with a two-pronged goal – to safeguard supply chains and diversify sources. In addition, India sees itself as the manufacturing hub of the world. It has set an ambitious target of $400 billion worth export annually. It achieved the target in FY22 but to sustain its record, India would have to get preferential access to markets via FTAs.
 
The ‘gulf’ with west is closing
 
The GCC had suspended FTA negotiations for several years. It is now picking up the threads of the halted negotiations with India as per reports.
 
The GCC may also consider revitalising efforts at forging a region to region FTA between the EU and its bloc. Negotiations between EU and GCC had been frozen when the western block reportedly imposed high taxes on the GCC and connected the trade deal with issues such as human rights and counter terrorism.
 
However, the gulf between GCC and the west is closing. The Arab countries have emerged as strong players on the world stage. Qatar will even be the first Middle Eastern country to host the FIFA world cup. The Ukraine war has sparked a global energy crisis which is recalibrating geopolitical ties. Regardless of the Arabs’ human rights record, US president Joe Biden could not treat Saudi Arabia as a pariah state as he had promised. The gulf is on an influential position.
 
Meanwhile as far as India-GCC is concerned, with the gulf’s star rising and India 'a bright spot on a dark horizon' according to the IMF, partnership between the two holds great potential.

 Source:  timesnownews.com
01 Nov, 2022 News Image Exports of Indian agricultural products increased by 25 percent in the current financial year, APEDA said - the demand for millet will increase in the coming years

The Agricultural and Processed Food Products Export Development Authority (APEDA) has released the statistics of agricultural products exported so far in the current financial year. It said that in the first half of the financial year 2022-23, the export of Indian agricultural products has increased by 25 percent as compared to the previous year. This export was $ 11.06 billion till a year ago period, this year it has increased to $ 13.77 billion (about ? 1,07,942 crore).

 

According to APEDA President M. Angamuthu, 17 major events will be organized abroad in the coming years to increase the export of millets, products made from it. Will encourage foreign trade organizations to buy their agricultural products directly from the farmers of the country.

12 percent increase in export of cereals including maize

It is known that to keep the prices stable in the domestic market, the government has banned the export of wheat and sugar. But during the first half of the current financial year, wheat exports have increased by a record 136 per cent. Wheat exports were $ 0.63 billion last year, an increase of $ 1.49 billion (about ? 12288 crores) has been registered this year. There has been an increase of 12 percent in the export of other cereals (except rice, wheat) including maize as compared to the previous year. It was $ 467 million last year, it has increased to $ 525 million (about ? 43,311 crore) in the current financial year.

 

India towards becoming a global economic power: Piyush Goyal

Union Minister of Commerce and Industry, Food and Consumer Affairs Piyush Goyal arrived in Kakinada, Andhra Pradesh to inaugurate the Indian Institute of Foreign Trade (IIFT). Speaking at the program, the Union Minister said that at present the Indian economy is $ 3.5 trillion. This will increase to 10 times in the coming 10 years. With collective efforts, India is poised to become an important economic power in the world. The state has the potential to become a special economic zone for agriculture and fisheries. Finance and Corporate Minister Nirmala Sitharaman was also present in the program.


 Source:  Krishi Jagran