India will allow exports of non-basmati white rice to Nepal, Cameroon, Malaysia, Philippines, Seychelles, Ivory Coast and the Republic of Guinea, a government notification showed on Wednesday.
India to allow export of non-basmati white rice to some countries
The framework is structured around four pillars relating to trade, supply chains, clean economy, and fair economy (issues like tax and anti-corruption). India has joined the three pillars except the trade part. The member countries are holding negotiations to sign separate agreements on these subjects.
India has extended the restriction on the export of all varieties of sugar beyond October 31. The restriction does not apply to sugar being exported to the EU and the US under specific quotas. India, the second-largest sugar exporter, wants to ensure sufficient availability of sugar for domestic consumption. The country’s sugar production is expected […]
More delay in India-UK FTA, India ‘struggling to differentiate between what it needs & wants’
3 years ago
The free trade agreement between India and the United Kingdom is facing further delays due to disagreements, particularly regarding trade in goods and services. India is struggling to differentiate between its wants and needs in the negotiations. The two countries were expected to sign the proposed agreement at the end of this month, but progress […]
Maritime sector sets sights on Rs 80 lakh cr investment by 2047, document released by PM Modi shows
3 years ago
Prime Minister Narendra Modi has highlighted the potential of the India-Middle East-Europe Economic Corridor (IMEEC) to revolutionize global maritime trade. He invited investors to participate in the initiative as India aims to attract investments worth ₹75-80 lakh crore in its maritime sector by 2047.
Jawaharlal Nehru Port unveils four key projects worth Rs 8,363 crore at Global Maritime India Summit
3 years ago
The four projects are: construction of the fourth container terminal, Phase II at JNPA; upgradation, operation, maintenance, and transfer of Jawaharlal Nehru Port Container Terminal (JNPCT); newly constructed additional liquid berth terminal; and port-based multi-product special economic zone (SEZ).
Thirty-four agreements worth Rs 3.24 lakh crore signed on Day 1 of three-day Global Maritime India Summit
3 years ago
The Global Maritime India Summit saw the signing of 34 agreements worth Rs 3.24 lakh crore on its first day, highlighting the commitment to transform India into a maritime powerhouse. The summit, attended by Prime Minister Narendra Modi and other stakeholders, emphasized the importance of digitization and innovation in the maritime industry. Initiatives such as […]
India is aiming to attract an investment of Rs 20 lakh crore for its maritime sector under Vision 2047. The investment will be used to increase port handling capacity, develop maritime clusters, and establish hubs for bunkering, ship repair, and Vessel Spares and Stores. Prime Minister Narendra Modi unveiled this vision document and inaugurated projects […]
Commerce and industry minister, Piyush Goyal, will chair a meeting next week to discuss the closure of three state-owned companies: Metals and Minerals Trading Corporation of India (MMTC), State Trading Corporation (STC), and Project & Equipment Corporation of India. These companies were denotified as nominated agencies for imports and exports of goods. A decision on […]
Tur prices have stabilised following the recent government measure of tightening the stock limit on traders and processors. “However, the prices of African tur, which have declined by 5%, could have reduced by another 10% if the imports had been smooth,” said a pulse importer from Maharashtra.