On April 27, China’s General Administration of Customs announced that pomegranates from Uzbekistan meeting the stipulated phytosanitary requirements would be permissible for export to China.
Uzbekistan is the largest producer of fresh fruits and vegetables in Central Asia. In recent years, pomegranates have become a new strategic fruit for the country, which has led to a dramatic expansion in the acreage used for pomegranate cultivation.
Despite the fact that pomegranates only account for a very limited share of global fruit transactions, their worldwide consumption is on an upward trend. From 2014 to 2018, global pomegranate imports increased by 24%, a degree of growth considered by many experts as on a par with that for avocados. As pomegranates contain a high concentration of antioxidants, the cosmetic and pharmaceutical industries are also major consumers of the fruit in addition to the food sector. These two industries account for 20% and 15%, respectively, of global pomeg
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China’s Tencent invests $225m in India’s ShareChat amid stiff FDI rules: Report
REUTERS/Aly Song
April 27, 2021
China’s Tencent Holdings Ltd has managed to invest $225 million in Indian social media startup ShareChat even as India has already introduced harsh rules to prevent “opportunistic takeovers” by Chinese investors, according to a Financial Times report.
In April 2020, India tightened its foreign investment rules on concerns that Chinese investors could use the COVID-19 pandemic to acquire struggling Indian companies.
According to the FT report, the Chinese Internet and social media giant seemed to have circumvented the rules by investing in ShareChat through two European entities – Zennis Capital BV and Hlodyn BV.
India and UNIDO strengthen partnership for Inclusive and Sustainable Industrial Development
NEW DELHI, 14 April 2021 - The Department for Promotion of Industry and Internal Trade (DPIIT) of India’s Ministry of Commerce and Industry, and the United Nations Industrial Development Organization (UNIDO), have signed an agreement to establish a Facility for International Cooperation on Inclusive and Sustainable Industrial Development (FIC-ISID).
The Facility will create and share knowledge, build capacity and facilitate projects and partnerships on inclusive and sustainable industrial development under Sustainable Development Goal (SDG) 9. Speaking at the signing event, Vandana Kumar, Joint Secretary of the DPIIT, said “this facility is expected to contribute significantly to enhancing productivity, inclusiveness, sustainability and innovation in the Indian manufacturing segment, by availing, adapting and promoting international good practices and techniques, to help manufacturers s