In a boost to the export of India's agri-products, the country's mangoes and pomegranates will now get market access in the United States.&nbsp;

On the other hand, the American Alfalfa hay and cherries will be sold in the Indian markets, the country's Ministry of Commerce and Industry said on Saturday (January 8).&nbsp;

The two countries have signed a framework agreement for implementing "2 Vs 2" Agri market access.&nbsp;

ALSO READ |&nbsp;<a href="https://www.wionews.com/india-news/for-first-time-in-india-jk-police-to-get-american-assault-rifles-and-pistols-442976">For first time in India, J&amp;K Police to get American assault rifles and pistols</a>

"Indo US Trade- Commerce gets a fillip with improving Agri Market Access. Indian mangoes &amp; pomegranate get market access in USA. Department of Agriculture and farmer welfare (DAC&amp;FW) and US Department of Agriculture (USDA) sign Framework Agreement for implementing the "2 Vs 2" Agri market access issue," ministry's statement read.&nbsp;

As per a statement released by the Indian ministry of commerce, mango and pomegranate exports will start from January – February 2022 and pomegranate aril exports from April 2022.&nbsp;

Meanwhile, exports of Alfalfa hay and cherries from the US will begin in April 2022.&nbsp;

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Indo US Trade- Commerce gets a fillip with improving Agri Market Access 
 
Indian mangoes &amp; pomegranate get market access in USA 
 
Read here: <a href="https://t.co/5DSGDJrFbx">https://t.co/5DSGDJrFbx</a>
— PIB India (@PIB_India) <a href="https://twitter.com/PIB_India/status/1479768471109980161?ref_src=twsrc%5Etfw">January 8, 2022</a></blockquote>
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The statement added that in addition, the Department of Animal Husbandry and Dairying (DAHD) also conveyed its readiness to provide market access for US pork based on the ministerial discussions. &nbsp;

It also requested the US side to share a signed copy of the final sanitary certificate for finalising the same.

These issues were discussed during the Trade Policy Forum meeting.

India has not exported mangoes to the US for the last two years.

In a boost to the export of India's agri-products, the country's mangoes and pomegranates will now get market access in the United States. On the other hand, the American Alfalfa hay and cherries will be sold in the Indian markets, the country's Ministry of Commerce and Industry said on Saturday (January 8).

In a boost to the export of India's agri-products, the country's mangoes and pomegranates will now get market access in the United States. On the other hand, the American Alfalfa hay and cherries will be sold in the Indian markets, the country's Ministry of Commerce and Industry said on Saturday (January 8). The two countries have signed a framework agreement for implementing "2 Vs 2" Agri market access. ALSO READ | For first time in India, J&K Police to get American assault rifles and pistols "Indo US Trade- Commerce gets a fillip with improving Agri Market Access. Indian mangoes & pomegranate get market access in USA. Department of Agriculture and farmer welfare (DAC&FW) and US Department of Agriculture (USDA) sign Framework Agreement for implementing the "2 Vs 2" Agri market access issue," ministry's statement read. As per a statement released by the Indian ministry of commerce, mango and pomegranate exports will start from January – February 2022 and pomegranate aril exports from April 2022. Meanwhile, exports of Alfalfa hay and cherries from the US will begin in April 2022. Indo US Trade- Commerce gets a fillip with improving Agri Market Access Indian mangoes & pomegranate get market access in USA Read here: https://t.co/5DSGDJrFbx — PIB India (@PIB_India) January 8, 2022 × The statement added that in addition, the Department of Animal Husbandry and Dairying (DAHD) also conveyed its readiness to provide market access for US pork based on the ministerial discussions. It also requested the US side to share a signed copy of the final sanitary certificate for finalising the same. These issues were discussed during the Trade Policy Forum meeting. India has not exported mangoes to the US for the last two years.

Indian mangoes and pomegranates get market access in US

India's overall exports -- merchandise and services combined -- in April-October of 2019-20 financial year are estimated to be $310.23 billion, exhibiting a positive growth of 1.51 per cent over the last corresponding period, said the Ministry of Commerce and Industry in a statement on Friday.

"The overall imports in April-October 2019-20 are estimated to be $359.68 billion, exhibiting a negative growth of 4.61 per cent over the same period last year," added the ministry, saying that services data pertain to April-September 2019-20 as September 2019 is the latest data available as per the RBI's press release dated November 15, 2019.

Merchandise exports including re-exports in October were $26.38 billion as compared to $26.67billion in October last year, exhibiting a negative growth of 1.11 per cent. In rupee terms, exports were of Rs 1,87,382.29 crore in October this year as compared to Rs 1,96,406.43 crore in October 2018, registering a negative growth of 4.59 per cent, said the ministry.

According to the Ministry of Commerce and Industry, cumulative value of exports for the period April-October 2019-20 was $185.95 billion (Rs 13,04,149.06 crore) as against $190.15 billion (Rs 13,17,881.40 crore) during the period April-October 2018-19, registering a negative growth of 2.21 per cent in dollar terms (negative growth of 1.04 per cent in rupee terms).

Non-petroleum and non-gems and jewellery exports in October 2019 were $19.04 billion as compared to $18.93 billion in October 2018, exhibiting a positive growth of 0.59 per cent. Non-petroleum and non-gems and jewellery exports in April-October 2019-20 were $137.45 billion as compared to $137.93 billion for the corresponding period in 2018-19, a decrease of 0.35 per cent.

The ministry said that imports in October 2019 were $37.39billion (Rs 2,65,628.46 crore), which was 16.31per cent lower in dollar terms and 19.26 per cent lower in rupee terms over imports of $44.68 billion (Rs 3,28,973.56 crore) in October 2018.

The cumulative value of imports for the period April-October 2019-20 was $280.67 billion (Rs 19,67,625.73 crore) as against $306.31 billion (Rs 21,23,857.76 crore) during the period April-October 2018-19, registering a negative growth of 8.37per cent in dollar terms (negative growth of 7.36 per cent in rupee terms).

The oil imports in October 2019 were $9.63 billion (Rs 68,400.14 crore, which was 31.74 per cent lower in dollar terms (34.15per cent lower in rupee terms) as compared to $14.11billion (Rs 1,03,864.85 crore) in October last year.

Oil imports in April-October 2019-20 were $73.93 billion (Rs 5,18,270.66 crore), which was 12.16 per cent lower in dollar terms (11.31 per cent lower in rupee terms) as compared to $84.17 billion (Rs 5,84,362.56 crore), over the same period last year.

In this connection, it is mentioned that the global Brent price ($/bbl) has decreased by 26.22 per cent in October 2019 vis-a-vis October 2018 as per data available from the World Bank, said the ministry.

Non-oil imports in October this year were estimated at $27.76 billion (Rs 1,97,228.32 crore), which was 9.19 per cent lower in dollar terms (12.39 per cent lower in rupee terms as compared to $30.57 billion (Rs 2,25,108.71 crore) in October 2018.

Non-oil imports in April-October 2019-20 were $206.74 billion (Rs 14,49,355.07 crore), which was 6.93 per cent lower in dollar terms (5.86 per cent lower in rupee terms), as compared to $222.14 billion (Rs 15,39,495.20 crore) in April-October2018-19.

Non-oil and non-gold imports were $25.92 billion in October this year, recording a negative growth of 10.04 per cent, as compared to non-oil and non-gold imports of $28.82 billion in October last year.

Non-oil and non-gold imports were $189.10 billion in April-October 2019-20, recording a negative growth of 6.73 per cent, as compared to non-oil and non-gold imports $202.74 billion in April-October 2018-19.

As per the latest press release by the RBI issued on Friday, exports in September this year were $17.54 billion (Rs 1,25,090.78 crore) registering a positive growth of 7.05 per cent in dollar terms vis-a-vis September last year.

The estimated value of services export for October this year has been pegged at $17.22 billion.

According to the ministry, the trade deficit for October this year in merchandise segment was estimated at $11.01 billion as against the deficit of $18 billion in October last year.

As per the RBI`s press release dated November 15, the trade balance in services, that is, net services export, for September this year is estimated at $6.44 billion.

The ministry said that taking merchandise and services together, the overall trade deficit for April-October 2019-20 is estimated at $49.45 billion as compared to $71.45 billion in April-October 2018-19. The ministry said services data pertains to April-September 2019-20 as September 2019 is the latest data available as per the RBI's press release dated issued on November 15.

India's overall exports -- merchandise and services combined -- in April-October of 2019-20 financial year are estimated to be $310.23 billion, exhibiting a positive growth of 1.

India's overall exports -- merchandise and services combined -- in April-October of 2019-20 financial year are estimated to be $310.23 billion, exhibiting a positive growth of 1.51 per cent over the last corresponding period, said the Ministry of Commerce and Industry in a statement on Friday. "The overall imports in April-October 2019-20 are estimated to be $359.68 billion, exhibiting a negative growth of 4.61 per cent over the same period last year," added the ministry, saying that services data pertain to April-September 2019-20 as September 2019 is the latest data available as per the RBI's press release dated November 15, 2019. Merchandise exports including re-exports in October were $26.38 billion as compared to $26.67billion in October last year, exhibiting a negative growth of 1.11 per cent. In rupee terms, exports were of Rs 1,87,382.29 crore in October this year as compared to Rs 1,96,406.43 crore in October 2018, registering a negative growth of 4.59 per cent, said the ministry. According to the Ministry of Commerce and Industry, cumulative value of exports for the period April-October 2019-20 was $185.95 billion (Rs 13,04,149.06 crore) as against $190.15 billion (Rs 13,17,881.40 crore) during the period April-October 2018-19, registering a negative growth of 2.21 per cent in dollar terms (negative growth of 1.04 per cent in rupee terms). Non-petroleum and non-gems and jewellery exports in October 2019 were $19.04 billion as compared to $18.93 billion in October 2018, exhibiting a positive growth of 0.59 per cent. Non-petroleum and non-gems and jewellery exports in April-October 2019-20 were $137.45 billion as compared to $137.93 billion for the corresponding period in 2018-19, a decrease of 0.35 per cent. The ministry said that imports in October 2019 were $37.39billion (Rs 2,65,628.46 crore), which was 16.31per cent lower in dollar terms and 19.26 per cent lower in rupee terms over imports of $44.68 billion (Rs 3,28,973.56 crore) in October 2018. The cumulative value of imports for the period April-October 2019-20 was $280.67 billion (Rs 19,67,625.73 crore) as against $306.31 billion (Rs 21,23,857.76 crore) during the period April-October 2018-19, registering a negative growth of 8.37per cent in dollar terms (negative growth of 7.36 per cent in rupee terms). The oil imports in October 2019 were $9.63 billion (Rs 68,400.14 crore, which was 31.74 per cent lower in dollar terms (34.15per cent lower in rupee terms) as compared to $14.11billion (Rs 1,03,864.85 crore) in October last year. Oil imports in April-October 2019-20 were $73.93 billion (Rs 5,18,270.66 crore), which was 12.16 per cent lower in dollar terms (11.31 per cent lower in rupee terms) as compared to $84.17 billion (Rs 5,84,362.56 crore), over the same period last year. In this connection, it is mentioned that the global Brent price ($/bbl) has decreased by 26.22 per cent in October 2019 vis-a-vis October 2018 as per data available from the World Bank, said the ministry. Non-oil imports in October this year were estimated at $27.76 billion (Rs 1,97,228.32 crore), which was 9.19 per cent lower in dollar terms (12.39 per cent lower in rupee terms as compared to $30.57 billion (Rs 2,25,108.71 crore) in October 2018. Non-oil imports in April-October 2019-20 were $206.74 billion (Rs 14,49,355.07 crore), which was 6.93 per cent lower in dollar terms (5.86 per cent lower in rupee terms), as compared to $222.14 billion (Rs 15,39,495.20 crore) in April-October2018-19. Non-oil and non-gold imports were $25.92 billion in October this year, recording a negative growth of 10.04 per cent, as compared to non-oil and non-gold imports of $28.82 billion in October last year. Non-oil and non-gold imports were $189.10 billion in April-October 2019-20, recording a negative growth of 6.73 per cent, as compared to non-oil and non-gold imports $202.74 billion in April-October 2018-19. As per the latest press release by the RBI issued on Friday, exports in September this year were $17.54 billion (Rs 1,25,090.78 crore) registering a positive growth of 7.05 per cent in dollar terms vis-a-vis September last year. The estimated value of services export for October this year has been pegged at $17.22 billion. According to the ministry, the trade deficit for October this year in merchandise segment was estimated at $11.01 billion as against the deficit of $18 billion in October last year. As per the RBI`s press release dated November 15, the trade balance in services, that is, net services export, for September this year is estimated at $6.44 billion. The ministry said that taking merchandise and services together, the overall trade deficit for April-October 2019-20 is estimated at $49.45 billion as compared to $71.45 billion in April-October 2018-19. The ministry said services data pertains to April-September 2019-20 as September 2019 is the latest data available as per the RBI's press release dated issued on November 15.

India's overall export shows 1.51% growth during April-October

The Indian government today clarified that US-based electric car major Tesla will not have to source local components if it plans to set up a manufacturing unit in the country.

The government responded to apprehensions expressed by Tesla founder Elon Musk that the company would have to source a certain percentage of local components to set up plant in India.&nbsp;Musk in his tweet had said: &quot;Maybe I&#39;m misinformed, but I was told that 30% of parts must be locally sourced and the supply doesn&#39;t yet exist in India to support that&quot;.

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<a href="https://twitter.com/TheAvinashSingh">@TheAvinashSingh</a> Maybe I&#39;m misinformed, but I was told that 30% of parts must be locally sourced and the supply doesn&#39;t yet exist in India to support that.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/866473048639066112">May 22, 2017</a></blockquote>
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The commerce and industry ministry through its &#39;Make in India&#39; Twitter handle stated that the foreign direct investment (FDI) policy does not mandate any such minimum sourcing of components by manufacturers.

&nbsp;

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.<a href="https://twitter.com/elonmusk">@elonmusk</a> With respect to news reports on launch plans of Tesla in India being delayed, please note some key clarifications<a href="https://twitter.com/hashtag/MakeInIndia?src=hash">#MakeInIndia</a> <a href="https://t.co/9RFICGM9Kk">pic.twitter.com/9RFICGM9Kk</a>
&mdash; Make in India (@makeinindia) <a href="https://twitter.com/makeinindia/status/866910403254603776">May 23, 2017</a></blockquote>
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As per the policy, after manufacturing in India, a foreign investor is permitted to sell its products in any manner - wholesale, retail or e-commerce.

&quot;FDI policy also permits wholesale of imported goods in India without sourcing conditions,&quot; the ministry said.

It is only for retail trading of goods that sourcing conditions are mandated. Such norms are not applicable to manufacturers as goods are produced in India, it added.

Last year in April, the company had stated that it planned to enter India with its Model 3 in 2017.

In a visit to the company&#39;s plant last year, minister of road, transport and highways Nitin Gadkari had offered Tesla land near major Indian ports to facilitate exports to South and South East Asian countries while asking the company to make India its Asia manufacturing hub.

In September 2015, Prime Minister Narendra Modi had visited Tesla&#39;s facility in San Jose and showed keen interest in some of their path-breaking inventions, particularly in the renewable energy sector which can have multiple applications in remote rural areas.

If a foreign company wants to open wholly-owned single-brand retail stores in India, it has to mandatorily source 30 per cent of the value of goods from India.

(PTI)

Tesla will not have to source local components if it plans to set up a manufacturing unit in India

The Indian government today clarified that US-based electric car major Tesla will not have to source local components if it plans to set up a manufacturing unit in the country. The government responded to apprehensions expressed by Tesla founder Elon Musk that the company would have to source a certain percentage of local components to set up plant in India. Musk in his tweet had said: "Maybe I'm misinformed, but I was told that 30% of parts must be locally sourced and the supply doesn't yet exist in India to support that". @TheAvinashSingh Maybe I'm misinformed, but I was told that 30% of parts must be locally sourced and the supply doesn't yet exist in India to support that. — Elon Musk (@elonmusk) May 22, 2017 × The commerce and industry ministry through its 'Make in India' Twitter handle stated that the foreign direct investment (FDI) policy does not mandate any such minimum sourcing of components by manufacturers. .@elonmusk With respect to news reports on launch plans of Tesla in India being delayed, please note some key clarifications#MakeInIndia pic.twitter.com/9RFICGM9Kk — Make in India (@makeinindia) May 23, 2017 × As per the policy, after manufacturing in India, a foreign investor is permitted to sell its products in any manner - wholesale, retail or e-commerce. "FDI policy also permits wholesale of imported goods in India without sourcing conditions," the ministry said. It is only for retail trading of goods that sourcing conditions are mandated. Such norms are not applicable to manufacturers as goods are produced in India, it added. Last year in April, the company had stated that it planned to enter India with its Model 3 in 2017. In a visit to the company's plant last year, minister of road, transport and highways Nitin Gadkari had offered Tesla land near major Indian ports to facilitate exports to South and South East Asian countries while asking the company to make India its Asia manufacturing hub. In September 2015, Prime Minister Narendra Modi had visited Tesla's facility in San Jose and showed keen interest in some of their path-breaking inventions, particularly in the renewable energy sector which can have multiple applications in remote rural areas. If a foreign company wants to open wholly-owned single-brand retail stores in India, it has to mandatorily source 30 per cent of the value of goods from India. (PTI)

After govt clarification, Tesla might come to India sooner