The Uttar Pradesh government is drafting a new export policy to boost the state’s share in India’s exports. The move aims to provide additional incentives to exporters.

 In the last financial year (FY24), UP’s merchandise exports were worth nearly $20.67 billion, contributing 4.71 per cent to India’s total exports. With the new policy, the government targets to increase this share to 7.5 per cent, a senior official said. For the first six months of FY25, the state logged exports worth $10.56 billion, raising its share in the country's total exports to 4.89 per cent.

 

Economic growth may have sped up following the slowdown in the September quarter, with business activity showing signs of improvement in the third quarter, economists said. However, growth for the year is expected to remain subdued, they added, putting it below FY24's 8.2%.

 

Chief Minister Thakur Sukhvinder Singh Sukhu said that State Government is planning to establish a potato processing plant in Una district, with an investment of approximately Rs 20 crore. The plant will have a minimum processing capacity of 500 kg per hour and will primarily focus on producing potato flakes and agricultural department has been directed to formulate a detailed project report (DPR) in this regard. He said that agriculture accounts for 14 percent of Himachal Pradesh’s Gross State Domestic Product, with potatoes being a key crop.

 

Agriculture minister Shivaraj Singh Chouhan on Saturday reviewed various schemes with state agriculture ministers and sought their suggestions on ongoing programmes and budget allocation ahead of the Union Budget. During a virtual meeting, Chouhan expressed satisfaction over the agriculture and allied sector's likely higher growth rate of 3.5-4 per cent in the 2024-25 fiscal year, and urged state governments to work at a 'faster pace', according to an official statement.

 

The Ministry of Commerce is eyeing 20 key nations to boost exports of goods and services from India.

Senior officials from the commerce ministry, and commercial wings of Indian Missions of 20 countries are holding a three-day meet from today (6 January) to discuss ways to promote exports of goods and services to devise strategies for boosting exports of goods and services.

 

Another 27,000 tons of boiled rice are coming from India in the second shipment. The vessel carrying the rice is expected to arrive at the Chittagong port on January 10.

Mohammad Shahid Uddin Mahmud, Sub-Controller of the Chittagong Shipping and Preservation Control Office, confirmed this information.  

 

Jawaharlal Nehru Port Authority (JNPA) said it has issued Letter of Award (LoA) to Trident Agrocom Exports Private Ltd and Man Infraconstruction Ltd consortium for the development of an export-import cum domestic agriculture commodity-based processing and storage facility on its land.

 

The government is working on an export strategy to further accelerate the country's goods and services shipments, Commerce and Industry Minister Piyush Goyal has said. He said the ministry is working on a 'very' targeted manner to take the exports to $ 2 trillion by 2030 by addressing concerns of exporters and identifying areas of India's competitive advantages and strengths.

 

Under the 'Mission Bee' programme in Gujarat, 284 milk producers associated with Amul Dairy have produced about 16000 kilograms of honey, stated an official release from the state government, Saturday.

 

India and the Maldives have finalised a framework to promote the use of local currencies for cross-border trade, marking a significant development in bilateral economic cooperation. External Affairs Minister S. Jaishankar, during his meeting with Maldivian Foreign Minister Abdulla Khaleel in New Delhi, reiterated India's unwavering commitment to the island nation, describing it as a vital part of India’s 'Neighbourhood First' policy.