Key discussions during the meeting include expediting the development of cross-border trade and connectivity infrastructure
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In addition to lifting the export ban, the government has reduced the export duty on parboiled rice from 20 per cent to 10 per cent, further incentivising rice exports and providing relief to the sector
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Sitharaman urges the chambers of commerce of both countries to create a roadmap to achieve the USD 3 billion trade target set by the leadership of the two countries
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Giriraj Singh says, there is huge potential for technical textiles in the country as it is used in all sectors and set an export target of USD 10 billion by 2030
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Key discussions held during the meeting include expediting development of cross-border trade and connectivity infrastructure including establishment of an Integrated Check Post in Jaigaon-Phuentsholing and rail-links between Kokrajhar-Gelephu and Banarhat-Samtse
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These silo projects, built on a Design, Build, Finance, Own and Operate (DBFOO), have been developed with private investment and are now fully operational, as per the ministry
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OECD has also upwardly revised India's GDP growth by 10 basis points and has pegged at 6.7 per cent in 2024-25 and by 20 basis points for 2025-26 at 6.8 per cent
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India ranks first among the top ten countries with the highest share of low-cost carriers (LCCs) in overall airline capacity
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