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INDIAN DELEGATION AT MACFRUT 2016: 14-16 SEPTEMBER, RIMINI

MAY 2016- The Italian Trade Agency Mumbai is organizing a trade delegation of buyers and promoters at the upcoming trade show ‘Macfrut 2016’. Macfrut is a 3 day Fruit & Veg Professional event showcasing product from Plastic & Plastic Products, Food & Beverage industries. For more information please contact at mumbai@ice.it

INDIAN DELEGATION AT WATEC 2016: 21-23 SEPTEMBER, VENICE

JULY 2016- For the first time, Venice Italy will be the host to the internationally acclaimed WATEC events. Introducing WATEC Italy 2016, Water Technology and Environmental control Exhibition and Conference. This event is an initiative to promote cooperation between Italian and international companies. For three days at the New Multifunctional Pavilion in state-of-the-art exhibition center of Venice, will offer a unique opportunity to companies to show case their achievements to potential clients and partners and will provide a platform for all professionals dealing with water technologies and environmental control to investigate, discuss and create new joint ventures and partnerships. For more information please contact at mumbai@ice.it

MONTHLY ECONOMIC REPORT - JULY 2016

SEPT 2016- As per the provisional estimates of national income released by Central Statistics Office on 31st May 2016, the growth rate of Gross Domestic Product (GDP) at constant (2011-12) prices for the year 2015-16 is estimated at 7.6 per cent, as compared to the growth of 7.2 per cent in 2014-15.



FSSAI ISSUES NEW RULES FOR ENSURING QUALITY IMPORTS

JAN 2016- India's food regulator issued new rules for importing products, seeking to address concerns over the entry of sub-standard items and simplify the process by setting shelf-life norms and relaxing labelling guidelines. No food article will be allowed unless it has 60% of its shelf life remaining when it is cleared from customs, according to the new rules. Companies must register with the Directorate General of Foreign Trade and possess a valid import-export code, apart from an FBO licence to import food. The Food Safety and Standards (Import) Regulations, 2016, will come into force when they are notified by publication in the Official Gazette.



REVIEW OF FDI POLICY ON CONSTRUCTION DEVELOPMENT SECTOR

JUNE 2015- The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, approvesl for amending the existing Foreign Direct Investment (FDI) policy on the 'Construction Development Sector' in line with the Budget announcement of the Government. The amendments in the relevant paragraphs of the extant FDI policy as contained in the Consolidated FDI Policy Circular 2014 are as follows



FOOD PROCESSING SECTOR TO TREBLE IN COMING YEARS: HARSIMRAT KAUR BADAL

India's food processing industry is expected to treble in the coming years on the back of higher economic growth and government initiatives like 100 per cent FDI in marketing of food items, Union Minister Harsimrat Kaur Badal. At present, the size of India's food processing industry is about Rs 1.5 lakh crore. Food processing industry will treble in the coming years... Retailers, processors and manufacturers will be the three key drivers for facilitating the growth story, said the minister.



GOVT. LINES UP RS. 324 CRORE TO SET UP FOOD PARK IN AP & MAHARASHTRA

AUG 2016- Government said it is setting up two mega food parks at a cost of Rs 324 crore in Andhra Pradesh and Maharashtra under its ambitious Sagarmala project. As part of the Sagarmala Programme of the Ministry of Shipping, two mega food parks projects are being implemented in Kakinada, Andhra Pradesh and southern Maharashtra by the Ministry of Food Processing. The projects are strategically situated in CEZs (Coastal Economic Zone) with proximity to ports and will give boost to the EXIM trade for food processing sector.



E-COMMERCE IN INDIA - A GAME CHANGER FOR THE ECONOMY

SEPT 2016- e-Commerce has transformed the way business is done in India. With attractive and convenient shopping options at the core of the consumer facing business, the e-Commerce industry offers the power to create innovative, sustainable, consistent and seamless shopping experience across all channels. In the last 4 years, while the e-Commerce B2C segment has grown significantly leading to creation of many Unicorns, the focus of the Investors going forward seems to have shifted to profitable growth to achieve a stabilization of the economic model. This seems to be resulting in collaborations and partnerships across the value chain with the aim to optimize the costs. Simultaneously, the e-Commerce B2B segment is showing signs of rapid digital adoption which is likely to feed the significant rise of MSMEs and entrepreneurs from the Indian hinterland.



REPORT: THE CHEMICAL INDUSTRY IN INDIA

JULY 2016- The Indian Chemical Industry is an integral part of Indian economy . The industry has key linkages with several other downstream industries such as agriculture, infrastructure, textiles, food processing etc. This report on Indian Chemical and Petrochemical Industry is a part of FICCI and TATA Strategic Management Group (TSMG) Chemical Practice's endeavor to highlight the utility of Chemicals in day-to-day life.



GOVT. PLANS NATIONAL INVESTMENT GRID TO MAP BUSINESS OPPORTUNITIES ACROSS COUNTRY

FEB 2016- The idea is that this may encourage private investment, which has been a laggard. The proposed grid will have details of upcoming projects as well as those that are underway besides land available with the Centre, states, their agencies and public sector undertakings. "Such a grid will place investment opportunities in terms of projects upfront and make it easier for investors to access and explore," said an official of the Department of Industrial Policy & Promotion (DIPP), which is discussing the idea with states as part of the Invest India programme.



RAILWAYS WILL SOON INVITE BIDS FOR MORDERNISATION OF 400 STATIONS

JAN 2016- The railways will soon invite bids for modernisation of 400 stations, opening up more avenues for private investment in infrastructure. The government has also set up the National Investment and Infrastructure Fund (NIIF) and is in touch with global sovereign and pension funds to become partners in facilitating greater private investment.



TRADE ANALYST / ASSISTANT TRADE ANALYST FOR ITALIAN TRADE AGENCY NEW DELHI

JULY 2016- The Italian Trade Agency, New Delhi is looking for a suitable candidate for the post of Trade Analyst / Assistant Trade Analyst at their office in New Delhi. For complete Job Description and more details please click on the Read More link below.



The import of food products into India is controlled by the Food Safety and Standards Authority of India (FSSAI).

APRIL 2016- The import of food products into India is controlled by the Food Safety and Standards Authority of India (FSSAI). The FSSAI has published various regulations and notification, which have to be followed while importing food products.