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Ending APMC monopoly Maharashtra follows Bihar to allow farm commodities, livestock trade outside mandis

In a major move aimed at dismantling the monopoly of the Agriculture Produce Market Committee (APMC), Maharashtra became the second state after Bihar to allow trade in farm commodities including livestock outside the regulated wholesale markets or mandis, The Indian Express reported. The Maharashtra Agriculture Produce Marketing (Development and Regulation) Act, 1963 was amended through an ordinance by the Maharashtra government on October 25. The existing APMC jurisdiction made it mandatory for the farmers to sell their crops in mandis within a geographically delineated market area. However, the supervisory powers […]

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27 percent increase in bilateral trade with India-says Taiwan official

October 11th, 2018 | APTSO EXPORTS™ | Tags:

There has been a 27 percent increase in bilateral trade between Taiwan and India in 2017, Taipei Economic and Cultural Center in India (TECC) Representative Tien Chung-Kwang has said. Speaking at a reception in New Delhi on Tuesday to mark the 107th National Day of Taiwan, Tien said that implementing Taiwanese president Tsai Ing-wen’s New Southbound Policy (NSP) that looks to deepen the East Asian nation’s relationships with South Asia, Southeast Asia, Australia and New Zealand, Taiwan boosted its external trade with these NSP countries by 15.61 per cent to […]

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China promises to address trade deficit concerns: India

March 28th, 2018 | APTSO EXPORTS™ | Tags: ,

  Amid heightened tensions of a trade war between the US and China, China on Monday promised India to address the high trade imbalance between the two countries. Chinese Minister Zhong Shan welcomed Indian investment in China and promised to address the trade deficit between the two countries, commerce and industry ministry said in a statement on Monday. Shan, who is China’s minister of commerce, co-chaired the 11th meeting of India-China Joint Group on Economic Relations, Trade, Science and Technology here with commerce and industry minister Suresh Prabhu. Shan’s statement […]

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NITI Aayog to work on mechanism for MSP implementation

March 12th, 2018 | APTSO EXPORTS™ | Tags:

Government think tank NITI Aayog today said it will work out a mechanism for implementation of the Minimum Support Price (MSP) for different crops in the country. In light of the Finance Minister’s budget announcement that NITI Aayog will develop and put in place a fool-proof mechanism, its vice chairman Rajiv Kumar presided over a consultation meeting today on mechanism for MSP implementation for different crops, the Aayog said in a statement. Source: The Economic Times

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New industrial policy in next few weeks

March 12th, 2018 | APTSO EXPORTS™ | Tags:

Commerce Minister Suresh Prabhu today said new industrial policy will be announced in the next few weeks, which will focus on new industries that will drive future growth of the country. There is a great opportunity for partnerships between India and France across various areas, Prabhu said at the Indo-French Economic Partnership signing ceremony. ..In the ministry of commerce and industry, we have already identified few sectors which we think will be the new thrust sectors of India. We are modernising our existing industry… the new industrial policy which will […]

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