Economy

News on Indian Economy

Union Minister of Food Processing e-Inaugurates Zoram Mega Food Park in Mizoram

Union Minister of Food Processing Industries in the Government of India and Member Smt Harsimrat Kaur Badal today inaugurated the Zoram Mega Food Park Ltd at Kolasib in Mizoram through virtual conference. The Food Park built at a cost of Rs 75 crore and spread over 55 Acres of land will directly benefit over 25,000 farmers and will provide employment opportunities to over 5,000 people in the region.

Indian Spices’ Exports Up by 23 Percent to USD 359 Million in June-Assocham

India’s spices exports rose by 23 per cent to USD 359 million (around Rs 2,690 crore) in June 2020 from USD 292 million (Rs 2,190 crore) in the same month last year, Assocham said on Sunday. A dipstick study by the chamber also noticed how the rising demand for spices in the domestic market led to a sharp increase in their prices by almost 12 per cent in June whereas the headline CPI inflation was half that level.