Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

APEDA facilitates export of Bananas from India to Moscow, Russia via Sea

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... APEDA facilitates export of Bananas from India to Moscow, Russia via Sea - News and Press Release Dated:- 19-2-2024 - News - APEDA facilitates export of Bananas from India to Moscow, Russia via Sea - - - Dated:- 19-2-2024 - India gearing toward significantly increasing its banana exports Significant potential of exporting Fresh fruit from India to Russia The Agricultural and Processed .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Food Products Export Development Authority (APEDA), under the Ministry of Commerce and Industry facilitated the export of bananas from India to Russia via Sea by M/s. Gurukrupa Corporation Pvt. Ltd. a Mumbai-based exporter of fruits and vegetables regularly exporting fresh fruits and vegetables to the EU and the Middle East. A consignment of 20 MT (1540 boxes) of bananas was flagged off on 17 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... th February 2024 from Maharashtra by Chairman, APEDA, Shri Abhishek Dev in a collaborative effort with the Central Institute of Sub-tropical Horticulture (CISH). APEDA highlighted the development of sea protocol employed for this shipment by CISH for maintaining the quality of fruit in transit. Chairman APEDA encouraged more exporters to employ novel methods in shipping new products to new dest .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... inations, with APEDA supporting and facilitating these endeavors. He highlighted APEDA s financial assistance scheme, which now is putting special emphasis on supporting women entrepreneurs. He applauded the contribution of CISH in the development of the sea protocols and congratulated all personnel for a successful flag-off. Recently, Russia has shown keen interest in the procurement of trop .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ical fruits from India with bananas being one of them, which significantly is a major Agri import of Russia, which was presently, primarily being imported from Ecquador, in Latin America. The major export destinations for Indian bananas include Iran, Iraq, UAE, Oman, Uzbekistan, Saudi Arabia, Nepal, Qatar, Kuwait, Bahrain, Afghanistan, and the Maldives. Additionally, the USA, Russia, Japan, Ger .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... many, China, the Netherlands, the UK, and France present India with abundant export opportunities. The consignment was flagged off under the banner of M/s. Gurukrupa Corporation Pvt., Ltd, the women entrepreneurship is a prolific registered exporter of APEDA. M/s. Gurukrupa Corporation procured bananas directly from farmers of Andhra Pradesh. After harvesting, banana was brought to an APEDA app .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... roved packhouse in Maharashtra where it was graded, sorted, packed, boxed and stuffed in containers. The container was transported to JNPT for further voyage to Novorossiysk port, Russia for the final destination at Moscow Russia. Banana is a major horticultural produce with Andhra Pradesh being the largest banana-producing state in India, followed by Maharashtra, Karnataka, Tamil Nadu, and Utt .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ar Pradesh. These five states collectively contribute around 67 percent to India's banana production in the fiscal year 2022-23. Despite being the largest global producer of bananas, India s exports do not reflect this quantitative evaluation. India s export share in the global market is only 1% even though the country accounts for 26.45 percent of the world's banana production (35.36 M .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... illion Metric Ton). In the fiscal year 2022-23, India exported bananas worth USD 176 million, equivalent to 0.36 MMT. Within the next five years, Banana exports from India are expected to achieve the target of 1 billion USD. This achievement will ensure an increase in farmers income and improve the livelihood of more than 25,000 farmers, and is estimated to generate employment for more than 5 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 0,000 aggregators directly or indirectly linked to the supply chain. The increase in the export of agricultural and processed food products is a result of various initiatives undertaken by APEDA to promote agricultural and processed food product exports, such as organizing B2B exhibitions in different countries, exploring new potential markets through product-specific and general marketing ca .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... mpaigns with the active involvement of Indian Embassies with special focus on natural, organic, and Geographical Indication (GI) tagged agro-products. APEDA is making continuous efforts to promote exports of fresh fruits and vegetables. Continuous efforts in promoting exports of fresh fruits and vegetables especially to long-distance destinations, despite their perishable quality, by the develo .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... pment of sea protocols to retain their attributes is a key goal for APEDA moving forward. - - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates