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Shrimp demand may lift seafood exports to $6 billion

Seafood exports from the country could exceed $6 billion in the current fiscal driven by demand for Indian shrimps in the global market. In 2016-17, India exported $5.78 billion (Rs 37,871 crore) worth of marine products. Cultured shrimps account for about 70% of the value of the exports and there has been increased interest in […]

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Adopt best practices to improve banana export

On the second day of the three-day National Banana Festival at the Agricultural College and Research Institute (ACRI) here, which involved presentations from experts, the key takeaway for farmers was an advice to adopt best practices at every stage of banana cultivation for increasing revenue through export. Philip Bradbury, a ripening expert from Shanghai Nu […]

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Road Show Held On World Food India 2017 And Promotion Of SAMPADA

A Road Show on World Food India 2017 and Promotion of New Scheme Kisan SAMPADA was held on Friday at Hotel Poinisuk, Shillong. The programme was organized by the Ministry of Food Processing Industries, Government of India in association with Indian Chamber of Commerce with the support of Commerce & Industries Department, Government of Meghalaya. […]

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MoFPI registers 40 per cent increase in FDI, amounting to $770 million

The ministry of food processing industries (MoFPI) registered a 40 per cent hike in foreign direct investment (FDI), amounting to approximately $770 million, in the last fiscal. On an average, it records about $500 million as FDI in a fiscal. We have already received $187 million in two months of this fiscal. And we hope […]

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Spices exports all-time high in 2016-17

India’s exports of spices and spice products have touched an all-time high during 2016-17, said Commerce and Industry Minister ┬áNirmala Sitharaman in a written reply in Lok Sabha on Monday. Spices exports from the country have touched Rs. 17665 crore in the year, against Rs 16238 crore in 2015-16. Volume wise, India exported 947790 tons […]

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Economists rally behind GM Mustard

The proponents of genetically modified technology in agriculture have got support from an unexpected quarter. A group of 33 economists has petitioned the Prime Minister to favourably consider the commercialisation of GM Mustard. In an open letter, the economists claimed that by bringing hybrid vigour, the GM mustard seed will lead to higher yields. Hybridisation […]

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Expect Indian growth to pick up in 2017, 2018: IMF

With global economic recovery remaining on track on the back of better performing emerging economies, growth in India is expected to pick up further in 2017 and 2018, the IMF has said. Growth in India is forecast to pick up further in 2017 and 2018, in line with the April 2017 forecast, the International Monetary […]

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FDI up 23% at $10 billion during April-May: Nirmala Sitharaman

Foreign direct investment (FDI) inflows into the country increased 23 per cent in the first two months of the current fiscal from a year ago, commerce and industry minister Nirmala Sitharaman said in a written reply to the Lok Sabha on Monday. The cumulative foreign direct investment in April-May was $10.02 billion, or about Rs […]

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Pulses are food grains, observes Delhi HC examining exemption from ECC

While examining the question whether pulses fall in the category of grains to get an exemption from the levy of Environment Compensation Charge (ECC), the Delhi High Court has observed that pulses indeed comes under the category of food grains. There is no reason to limit the scope of the word ,,grains to exclude any […]

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Rules may be eased to help e-commerce companies boost exports

To enable homegrown ecommerce players such Myntra, Snapdeal and a host of handicraft and garment platforms to expand their global footprint, India is looking to revamp the export framework governing overseas sales by them. The measures under consideration include a complete switchover to e-enabled filing systems and even doing away with the current cap of […]

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