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IG International imports first batch of organic apples from USA

The Dollar Business Bureau Committed to bringing a wide variety of fruits from across the globe to Indian consumers, IG International Pvt Ltd, India’s largest fresh fruit importers and distributors, introduced organic apples from Wenatchee, USA for the first time in India. The apples are imported by the company through its association with Stemilt Growers, Northwest’s largest grower-packer-shipper of organic apples, pears, and cherries. By adding Organic Apples to its assortment of exotic fruits, IG International aims to cater to the increasing health conscious consumer base inclined towards organic fruits and vegetables. Announcing the launch of organic apples in the market, Tarun Arora, Director, IG International said, “With the launch of organic apples, we further emphasise on importance of healthy eating and want to convey that ‘fruits are ...

Customs bars imports of livestock into India, fears of avian influenza abound

The Dollar Business Bureau  The Customs department has suspended the imports of livestock and livestock products into India from all countries due to the threat of avian influenza. A communication to the effect was issued via notification no: 09/2015-2020 dated June 8, 2017. According to the notification, the following imports have been suspended with further effect. domestic and wild birds (excluding poultry and captive birds)  unprocessed meat and meat products from Avian species including wild birds (except poultry)  semen of domestic and wild birds (except semen of poultry)  Live poultry and captive birds  day old chicks, ducks, turkey and other newly hatched Avian species  unprocessed meat and meat products from Avian species including wild birds  hatching eggs  egg and egg products (except Specific Pathogen Free eggs)  unprocessed feathers  live pig  pathological material and biological ...

Indias seafood export at all-time high in 2016-17 : MPEDA

The Dollar Business Bureau Riding on a robust demand for its frozen shrimp and frozen fish in international markets, India exported 11,34,948 MT of seafood worth an all time high of $5.78 billion (Rs 37, 870.90 crore) in 2016-17 as against 9,45,892 tons and $4.69 billion dollars a year earlier, with USA and South East Asia continuing to be the major importers while the demand from the European Union (EU) grew substantially during the period. Frozen shrimp maintained its position as the top item of export, accounting for 38.28 per cent in quantity and 64.50 per cent of the total earnings in dollar terms. Shrimp exports increased by 16.21 per cent in terms of quantity and 20.33 per cent in dollar terms. ...

No MEIS benefit on guar gum products is impacting its exports

Aamir H Kaki  The modest and humble guar gum, a low-value crop grown on marginal land got transformed into one that can generate substantial income for farmers in recent years. The modest seed mostly harvested in the tropical regions of India (Rajasthan, Haryana and Gujarat) and Pakistan, used as a food crop for animals, gained international fame due to its viscosity. The innocuous looking seed/powder transformed into a product that can generate substantial income for processors, manufacturers, traders and farmers. Owing to its usefulness in food, paper, textile and in the gas and oil industries India’s export of guar gum powder, saw a steep increase from a mere $84.7 million in 2001-02 to $3,930 million in 2012-13, becoming the largest agricultural export ...

Trump to announce his decision on Paris climate pact soon

The Dollar Business Bureau  The United States President Donald Trump said on Wednesday that he will be announcing his decision regarding the landmark Paris Climate Accord on Thursday which is today. “I will be announcing my decision on Paris Accord, Thursday at 3:00 pm. The White House Rose Garden. MAKE AMERICA GREAT AGAIN!,” the US president said in a tweet. To withdraw from the Paris climate change accord, was one of the key electoral promises of Trump.  Though he still seems to be undecided about the total withdrawal from the Paris agreement, officials from the White House told media on Wednesday, this is a move that would risk rupturing international alliances and disappoint environmentalists as well as corporate titans. Although the officials cautioned that ...

Trump and Theresa agree to increase trade between the two countries

The Dollar Business Bureau UK and US leaders met on the sidelines of the G7 meet and reaffirmed to complete a bilateral trade agreement after UK's exit from the European Union. The two leaders met at Sicily and decided to forge their trade relationship. A spokesperson told the media that the two leaders agreed on the importance of free trade while ensuring that the citizens of both the countries are not left behind due to globalization. "The president and the prime minister reaffirmed their commitment to increasing trade between the UK and the U.S., including a post-Brexit trade deal," the spokesman said. Theresa May was the first leader of a State to visit the White House after Donald Trump became the President. It was ...

India thinking big and moving big on energy: US Prof to Congress

The Dollar Business Bureau  To catch up rapidly in development, India is “thinking big and moving big” as the country lags behind its neighbour China, by providing huge opportunities to a nation like the US, a University of Maryland Professor told the American lawmakers.  “India is moving quite quickly in a number of areas as well, again, on renewable energy, which is a kind of golden thread running through this hearing. India is thinking big and moving big,” said Robert Orr, Professor and Dean, University of Maryland, School of Public Policy, at a Congressional hearing.  Replying to a question, he said that India has big goals on wind and solar. The country is not only meeting them but also surpassing them. These areas ...

IT industry to create 25-30 lakh jobs by 2025: Prasad

The Dollar Business Bureau Refuting the claims of any slowdown in the Indian IT sector, Law and IT Minister Ravi Shankar Prasad said on Tuesday that the sector will generate 25-30 lakhs jobs by 2025. “As (the) IT minister of the nation, I completely deny and refute that there is any downturn in the employment in this sector. It is robust, slated for great growth and once digital economy ushers then you can fathom its development,” said Prasad, while sharing the achievements of the Ministry of Electronics and IT in the past three years. The Minister said that the IT companies in India have created 6 lakh jobs in the past three years. “IT firms directly employ around 40 lakh people and about 1.3 crore indirectly. ...