Integration of farmers land records for paddy procurement completed in 20 states

As many as 20 states, including Punjab and Haryana, have captured and integrated key parameters such as farmers’ land records and digital mandis with a central portal. Such information is needed for cross checking during paddy procurement in the ongoing kharif marketing season to ensure MSP reaches farmers and not traders. Delhi, Jammu and Kashmir […]

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South Korea’s food company, Orion enters the Direct-to-Consumer (D2C) space in India

One of South Korea’s leading food companies, Orion, has entered the $ 44.6 billion Direct-to-Consumer space in India.  With the launch of its website ShopOrionIndia.com the company has announced its readiness to ride on its digital success with eCommerce which so far contributes about 25 per cent of its annual sales. This move comes within a year […]

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Biscuit marker Britannia Industries partners with Accenture to digitise operations

The Rs 12,500 crore biscuit and bakery major Britannia Industries has inked a tie-up with strategy and consulting firm Accenture for the digital acceleration of its operations, reducing IT operational costs, and unlocking capital. The aim of the partnership is to streamline procurement and supply chain management, expedite digital onboarding, contract management, and procurement processes. […]

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India and US to reconvene trade policy forum from this year

Prime Minister Narendra Modi in his first-ever in-person meeting with President Joe Biden laid “strong emphasis” on developing trade and economic relations with the United States, Foreign Secretary Harsh Vardhan Shringla informed reporters. “There was a strong emphasis by the Prime Minister on developing the trade and economic relations,” Shringla told reporters at a news conference after […]

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India’s FDI to Colombia touches a billion dollars; trade surplus exceeds $ 730 million

Over a decade India’s FDI into Colombia has been around $ 1 billion in manufacturing and services of added value. India is an important trade and investment partner for Colombia. Despite COVID-19, in 2020-21, the total trade balance was $1.731 million. Colombia exported $795 million to India in products like oil and coking coal, wood, […]

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FMCG sector usher in structural reforms towards $ 5 trillion economy; Digital Kirana stores to further boost consumption

Minister of State, Ministry for Consumer Affairs, Food & Public Distribution, Mr Ashwini Kumar Choubey said that India’s economy is well on its path to recovery and the FMCG sector is a key player in India’s $5 Trillion dream. Addressing the Valedictory Session at FICCI MASSMERIZE 2021- 11th Edition of FICCI’s Annual Conference on Retail, FMCG […]

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NCDEX launches guar seed and guar gum futures contract on NCDEX GUAREX

The National Commodity and Derivatives Exchange (NCDEX) on Monday launched futures contract on NCDEX GUAREX. NCDEX GUAREX is a price-based index that will track the price movement in the futures contracts of its underlying like Guar Seed and Guar Gum Refined Splits on a real-time basis. “I take pride in announcing the launch of NCDEX […]

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Agriculture sector’s new business registration grows at a record 103% in FY21: Dun & Bradstreet

The agriculture sector recorded the highest 103 per cent growth in new business registrations at 12,368 in FY2021, compared to 6,107 in the previous fiscal, according to a paper released by Dun & Bradstreet. The white paper on ‘Business Dynamism in India’ showed that the manufacturing sector witnessed 39,539 registrations in FY21 compared to 26,406 […]

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Commerce and Industry minister, Piyush Goyal calls for Indo-Pacific trade agreement

Commerce and Industry Minister Piyush Goyal called for a services trade agreement among friendly nations of the Indo-Pacific region as it can help liberalise domestic regulations and build capacity in sectors like e-commerce and IT. Speaking at special plenary with the trade ministers of the Indo-Pacific region, Goyal said India’s trade with select Indo-Pacific economies […]

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India’s Cabinet modifies Rs 1-lakh-crore Agriculture Infrastructure Fund to help upgrade mandis

The Indian Cabinet approved modifications in the guidelines of the Rs 1-lakh-crore Agriculture Infrastructure Fund (AIF), a move which will expand the beneficiary institutions, including Agricultural Produce Market Committees (APMCs), to avail credit of up to Rs 2 crore from the Fund to set up cold storage, sorting, grading and assaying units. Till now, the […]

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