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20 Aug, 2024 News Image World Food India 2024 to Showcase Global Food Processing Innovations from September 19-22.

Preparations are underway to hold the upcoming World Food India Festival which will bring together food processing industries from India and abroad to display cutting-edge technology and innovative advancements in the sector.


 Source:  krishijagran.com
19 Aug, 2024 News Image VP urges the industry, trade, and commerce sectors to prioritize local production over avoidable imports.

Vice-President, Shri Jagdeep Dhankhar today called upon the nation to embrace economic nationalism, urging the industry, trade, and commerce sectors to prioritize local production over avoidable imports. Emphasizing the concept of Economic nationalism as a facet of Swadeshi and a reflection of being vocal for local, Shri Dhankhar highlighted the negative impact of unnecessary imports on the economy, including the drain of foreign exchange and the loss of job opportunities for Indian workers.


 Source:  pib.gov.in
19 Aug, 2024 News Image India to start a fund of $2.5 million for trade promotional activities: PM Modi.
Prime Minister Narendra Modi on Saturday announced a 2.5 million fund for development and promotion of trade activities. The statements regarding the fund were made during the closing ceremony of the Global South Summit.
 
'The focus will be on trade for development, capacity building for sustainable growth, technology sharing, project-specific concessional finance, and grants, he added.

 Source:  economictimes.indiatimes.com
19 Aug, 2024 News Image Commerce dept mulls options for key export schemes.
The commerce and industry ministry is pushing for the continuation of two key export incentive schemes even as it weighs various options such as lowering the sops if they’re not allocated more funds.
 
The ministry has moved a note for the approval of the Expenditure Finance Committee (EFC) to extend to the Interest Equalisation scheme by five years, which is available for small businesses and products falling under 401 tariff codes, till August 31. The total outlay of the scheme is capped at Rs 750 crore.

 Source:  economictimes.indiatimes.com
19 Aug, 2024 News Image APEDA facilitates first shipment of Fig Juice to Poland.

The Agricultural and Processed Food Products Export Development Authority (APEDA) facilitated the export of India's first ready-to-drink fig juice, made from GI-tagged Purandar Figs, to Poland. This milestone shipment, flagged off by  Chairman APEDA, Shri Abhishek Dev in the presence of all stakeholders, departed on August 1, 2024, via Hamburg port in Germany. This event marks a significant achievement in promoting India's unique agro-products on the global stage.


 Source:  pib.gov.in
19 Aug, 2024 News Image World Avocado Organisation to promote fruit s nutritional and health benefits in India.

The World Avocado Organisation (WAO), a non-profit organisation that represents producers, exporters and importers of avocados from across the world, has launched a consumer education campaign in the country to promote avocados’ nutritional and health benefits.


 Source:  www.thehindubusinessline.com
19 Aug, 2024 News Image India-Australia trade deal talks resume today.
Chief negotiators of India and Australia will begin the next round of talks for the comprehensive free trade agreement from Monday in Sydney, where both sides are likely to close negotiations on several chapters of the pact, an official said.
 
Both countries have already implemented an interim pact and are in discussions to expand its scope under the CECA (Comprehensive Economic Cooperation Agreement).
 
The interim pact — Economic Cooperation and Trade Agreement (ECTA) — came into force in December 2022. The tenth round of negotiations is scheduled from August 19-22 in Sydney.

 Source:  timesofindia.indiatimes.com
19 Aug, 2024 News Image Iran turns saviour for pricey Indian soyameal exports.
Iran has turned out to be the saviour for the Indian soyameal exports during the oil year 2023-24 ending September.
 
Strong buying from Iran is likely to push up soyameal exports during oil year 2023-24 to 21 lakh tonnes, an increase of 14 per cent over previous year’s 18.36 lakh tonnes, according the Soyabean Processors Association of India (SOPA), the apex trade body.

 Source:  www.thehindubusinessline.com
19 Aug, 2024 News Image India extends export curbs on deoiled rice bran until end-January.
India has extended restrictions on exports of deoiled rice bran until Jan. 31, the government said on Friday.
 
India is a leading exporter of deoiled rice bran, which is used in the cattle feed industry.
 
In March, the government extended restrictions on deoiled rice bran until July 31.

 Source:  economictimes.indiatimes.com
19 Aug, 2024 News Image Horticulture vital to HP, says Sukhu.

Himachal chief minister Sukhvinder Singh Sukhu on Saturday announced Rs 2 crore for a boy's hostel at Neri College of Horticulture and Forestry in Hamirpur district of the state. While interacting with students, the CM said that the horticulture sector has an important contribution in strengthening the rural economy. 'After tourism and renewable energy sector, horticulture and agriculture were the most important sectors which can increase the income of farmers and strengthen the rural economy,' said the CM.


 Source:  timesofindia.indiatimes.com