Monthly Archives: December 2017

Explore import of commodities like wheat: India to Nigeria

December 14th, 2017 | APTSO EXPORTS™ | Tags:

Agriculture Minister Radha Mohan Singh today urged his Nigerian counterpart to consider import of agri commodities such as wheat, rice, maize, cotton, pepper and fresh grapes. In a meeting with Nigeria’s Minister of Agriculture and Rural Development Audu Ogbeh, Singh also called on the African country to take advantage of the line of credit extended to it and training programmes for agriculture and the allied sector. Nigeria is India’s largest trading partner in Africa. There is tremendous potential for further expanding this volume. Nigeria may consider importing fresh grapes, pepper, […]

Read More

Government, Asean in talks to take IMT highway up to Vietnam

December 14th, 2017 | APTSO EXPORTS™ | Tags:

The government is in talks with Asean countries to extend the India-Myanmar-Thailand (IMT) highway up to Vietnam, a senior official said today. India and Asean countries are holding consultations on the extension of the 1,360 km IMT highway — from Moreh in India to Mae-Sot in Thailand — to Laos, Cambodia and to Vietnam, she said. Already some level of discussions have started and…we have also announced certain line of credit for the purpose on certain projects, said Dakshita Das, Joint Secretary, Ministry of Road Transport and Highways. She was […]

Read More

Cotton output seen at 377 lakh bales

December 14th, 2017 | APTSO EXPORTS™ | Tags:

The Cotton Advisory Board (CAB) has estimated the fibre’s output to increase by 9 per cent to 377 lakh bales (of 170 kg each) despite lower production in Maharashtra and Madhya Pradesh. The output in the northern region is expected to increase 28 per cent to 59 lakh bales (46 lb) on the back of a bumper crop in Rajasthan and Punjab, which is pegged at 22 lb (16 lb) and 12 lb (9 lb). Though the output in the southern region is slated to go up to 104 lb […]

Read More

India to host southeast Asia connectivity summit

December 11th, 2017 | Esther Parimala | Tags:

Dec 11, 2017 Keeping with Indias initiative of connectivity with southeast Asia under its Act East Policy, New Delhi will host an Asean-India Connectivity Summit (AICS) on December 11-12 on the theme Powering Digital and Physical Linkages for Asia in the 21st Century, the External Affairs Ministry said on Saturday. The event comes ahead of the visit of the leaders of the 10 member states of the Association of Southeast Asian Nations (Asean) here next month for the commemorative summit of 25 years of the India-Asean dialogue partnership. In a […]

Read More

Oilmeal export in Nov ’17 up by 93% due to jump in soybean meal export

December 11th, 2017 | Esther Parimala | Tags:

Dec 11, 2017 The export of oilmeals during November 2017 was provisionally reported at 3,28,091 ton vis-a-vis 1,70,189 ton in November 2016 (i e a 93 per cent increase) due to the jump in export of soybean meal. This was stated by the Solvent Extractors’ Association (SEA) of India, which compiled the data for export of oilmeals for the month of November 2017. The overall export of oilmeals between April and November 2017 was provisionally reported at 18,13,037 ton vis-a-vis 8,68,358 ton during the same period of last year. On […]

Read More

India wants status quo in food procurement to change for better

December 11th, 2017 | Esther Parimala | Tags:

Dec 11, 2017 India is eyeing a permanent solution on the issue of official grain procurement and food security at the World Trade Organization`s (WTO`s) next ministerial in Buenos Aires starting Sunday. But the country won`t accept a solution that is inferior to the permanent peace clause it has already secured, Indian officials said on Saturday. On the eve of the 11th WTO ministerial, the officials said India is serious about the permanent solution to public stock holding, as was first agreed on in the Bali ministerial and endorsed later […]

Read More

To boost Make in India, framework for SEZs set for a complete makeover

December 11th, 2017 | Esther Parimala | Tags:

Dec 11, 2017 India is eyeing a revamp of its framework for special economic zones (SEZs) to boost manufacturing, including the exemption of factories located in them from minimum alternate tax (MAT), seen as a key factor that has stunted the zones. Other ideas include slashing the category of deemed exports besides reducing minimum area requirement for smaller and special category states. The proposals are likely to be considered during budget talks, but a final call will be taken keeping in view revenue considerations and government’s intent to cut corporate […]

Read More

Regional Comprehensive Economic Partnership (RCEP): India pushes for greater market access, ASEAN irked

December 9th, 2017 | APTSO EXPORTS™ | Tags:

The Regional Comprehensive Economic Partnership (RCEP) leaders who met on the sidelines of the 31st ASEAN Summit in Manila recently have expressed their commitment to resolve differences and conclude the ASEAN+6 country free trade agreement (FTA) by 2018. Indian Prime Minister Narendra Modi, during his three-day visit to the Philippines, has also extended his support for a balanced outcome of the RCEP negotiations. RCEP is a proposed FTA between 10 ASEAN countries and their six FTA partners, namely Australia, China, India, Japan, South Korea and New Zealand. It accounts for […]

Read More

India’s food grain demand expected to reach 355 MT in ’30, says report

December 9th, 2017 | APTSO EXPORTS™ | Tags:

Food grain demand in India is expected to reach 355 million tonne (MT) in 2030 vis-a-vis 250 million tonnes in 2016 and the enhancement of farm mechanisation market will play a key role in meeting this demand. There were the findings of Grant Thornton India LLP and the Federation of Indian Chambers of Commerce and Industry’s (FICCI) knowledge paper, titled Mechanisation: Key to higher productivity to double farmers’ income. Launched recently at EIMA Agrimach India 2017, it added that the farm equipment market in India was currently estimated at $8.8 […]

Read More

India 2nd largest exporter of herbal meds after China

December 9th, 2017 | APTSO EXPORTS™ | Tags:

For the first time ever, luminaries from across the world met in Delhi to discuss the strengthening and scientific validation of traditional systems of medicine. The four-day event — International Arogya 2017 — is hosting 1,500 delegates from across 60 countries. India is the world’s second largest exporter of medicinal plants after China and both countries together produce more than 70 per cent of the total global demand for herbal products, a whitepaper launched at the event notes. The event will see discussions around Ayurveda, Yoga, Unani, Siddha, Homeopathy (AYUSH), […]

Read More