Economy

Union Minister of Fisheries, Animal Husbandry and Dairying Shri Giriraj Singh today launched the Implementation Guidelines for Animal Husbandry Infrastructure Development Fund (AHIDF) worth Rs. 15,000 crores, which was approved by the Union Cabinet on 24.06.2020 under the Atma Nirbhar Bharat Abhiyaan stimulus package for ensuring growth in several sectors. Union Minister of State for Fisheries, Animal Husbandry and Dairying Shri Pratap Chandra Sarangi was also present on the occasion.

The export, of coir and coir products from India worth Rs 2,757.90 crore (US$ 391.25 million) for the year 2019-20, registers an all-time high record, which is around Rs 30 crore (US$ 4.26 million) higher than that of the last year i.e. 2018-19 which stood at Rs 2,728.04 crore (US$ 387.01 million).

Union Minister of State (I/C) Shri Mansukh Mandaviya praised the CSL for grabbing contract to build world’s first fully automatic electric vessel for ASKO Maritime, Norway & laying historic milestone in Shipbuilding Industry. Shri Mandaviya said that CSL grabbed the contract by competing with various global shipyards and with its good credibility & history.

India’s Khanij Bidesh India (KABIL) has signed an initial agreement with Argentinian mining company Jujuy Energia y Mineria Sociedad del Estado (JEMSE) for the exploration and production of lithium, as India strives to establish a robust battery supply chain in order to meet its ambitious targets for electric vehicle (EV) uptake.

A first ever containerized cargo export from India to Bangladesh using Inland Waterways has reached its destination Pangaon International Container Terminal, Dhaka on 12th July 2020. The barge “MV Pruthvi” carrying 45 TEUs (about 1,250 MT) of sponge iron was flagged off on 30th June 2020 from Haldia Docks for its maiden voyage from Haldia to Dhaka on Indo Bangladesh Protocol Route (IBPR).

The Indian online grocery market is estimated to exceed sales of about Rs 22,500 crore (US$ 3.19 billion) in 2020, a significant 76 per cent jump over the previous year, according to Spencer’s Retail Chairman Mr Sanjiv Goenka. The online delivery has gained attention following the COVID-19 outbreak, he added.