The Union Cabinet has approved signing of Memorandum of Understanding (MoU) between India and Jordan for mining and benefaction of Rock Phosphate and Muriate of Phosphate (MOP).
It also approved setting up production facility in Jordan for Phosphoric Acid/NPK/DAP Fertilizers with long term agreement for 100% off-take to India. The MoU will ensure consistent supply of raw material, intermediaries and finish Phosphatic and Potassic (P&K) fertilizers to cater to needs of country at a reasonable price.
The Union Cabinet, chaired by Prime Minister Narendra Modi, finalized four agreements to be signed with Jordan in the fields of health Thursday, customs, manpower and setting up of the fertilizer facility in the Arab nation.Beneath the agreement on health insurance and medical technology, the countries will seek each other’s cooperation in universal coverage of health, health system governance, services and IT in health, health research, country wide health figures, health financing and health overall economy, chronic disease control, cigarette control, diagnosis, medication and treatment in tuberculosis, and regulation of pharmaceuticals and medical equipment.
The Memorandum of Understanding on manpower will seek to allow a wholesome administration of contractual employment” and enhancement of “protection and welfare of Indian employees in Jordan“. On “customs matters”, both countries can help one another in “the option of relevant information for the avoidance and analysis of traditions offences.The contract is also likely to facilitate trade and ensure effective clearance of goods exchanged between the countries .
“The MoU would ensure consistent supply of raw material, intermediaries and finished P&K fertilizers to focus on the needs of the national country at an acceptable price,”.The federal government today said they have approved signing of the pact between India and Jordan for mining and benefaction of rock phosphate and setting up of a creation device in the Arabian condition in European Asia.
The Cabinet also approved beneficiation of Rock and roll Phosphate and Muriate of Phosphate (MOP) and other important recyclables for the production of potassium based fertilizers with a long-term agreement for 100% off-take to India.
The MoU would ensure a constant way to obtain raw materials, intermediaries and finish Phosphatic and Potassic (P&K) fertilizers to focus on the needs of the united states at an acceptable price.
The decision on a single was taken by the Cabinet under the Chairmanship of Primary Minister Narendra Modi.
India is Jordan’s 4th largest trade partner after Iraq, Saudi China and Arabia. Trade between Jordan and India is governed with a 1976 bilateral contract. Bilateral trade between your two countries totaled US$2.228 billion in 2014-15, that was $12 million more than the prior fiscal. India exported $1.431 billion worth of goods to Jordan, and brought in $857 million. Because the 2012-13 fiscal, the total amount of trade has been around favour of India. The primary commodities exported by India to Jordan are electric machinery, cereals, freezing meat, inorganic and organic chemicals, animal fodders, executive and motor vehicle parts.
Jordan Phosphate Mines Company (JPMC) and the Indian Farmers Fertilizers Cooperative (IFFCO) established a jv company for production Phosphoric Acidity in Eshidiyawas in Oct 2015. An MOU was signed by the MMTC India Ltd with the JPMC on assistance in the fertilizer sector in June 2015.
As of 2016 January, Indians owned around 25 textile mills in Qualified Industrial Areas (QIZs) in Jordan at a complete investment of $300 mil. These mills use over 10,000 people.
Union Cabinet has approved the proposal of Ministry of Commerce and Industry to give focused attention to 12 identified Champion Services Sectors (CSS) for promoting their development and realizing their potential.
The government on Wednesday approved an action plan for 12 ‘champion’ services sectors, including IT, tourism and hospitality, for realizing their potential through establishment of a Rs 5,000 crore dedicated fund.
The Committee on Economic Affairs extended the Prime Minister’s Employment Generation Programme (PMEGP) beyond 12th Plan for three years from 2017-18 with a total outlay of Rs 5,500 crore. “Scheme will create sustainable estimated employment opportunities for 15 lakh persons in three financial years,” the statement said. The Khadi and Village Industries Commission (KVIC) is the nodal implementation agency at the national level. The fund, once set up, will support initiatives for sectoral action plans of the ‘champion sectors’.
The decision to clear the proposal of the Department of Commerce was taken at a meeting of the Union Cabinet chaired by Primary Minister Narendra Modi.
“The Cabinet has also directed the ministries/ Departments concerned with these industries to utilize the available draft sectoral programs to finalize and implement the action plans for the determined Champion Services Sectors,” an official statement said.
Moreover, the respective range Ministries/Departments shall finalize the Action Plans and the implementation time-lines plus a monitoring system to monitor implementation under the entire assistance of the Committee of Secretaries (CoS) under Cupboard Secretary.
The 12 sectors include Information Technology & IT enabled Services (IT & ITeS), Tourism and Hospitality Services, Medical Value Travel, Transport and Logistics Services, Accounting and Finance Services, Audio Visual Services, Legal Services, Communication Services, Construction and Related Engineering Services, Environmental Services, Financial Services and Education Services.
Ministries responsible for these sectors have to come up with the implementation timelines along with a monitoring mechanism under the overall guidance of the Committee of Secretaries (CoS) under the Cabinet Secretary.
The move is expected to “promote GDP growth, create more jobs and promote exports,” said a government statement. “The share of India’s services sector in global services exports was 3.3% in 2015 compared to 3.1% in 2014. Based on this initiative, a goal of 4.2 % has been envisaged for 2022,” the declaration said. Through these focus sector the government will also targets raising gross value added (GVA) from about 53% in 2015-16 (61 % including construction services) to 60 %60 % (67% including building services) by 2022.
12 identified CSS
Information Technology & Information Technology enabled Services (IT & ITeS), Medical Value Travel, Transport and Logistics Services, Tourism and Hospitality Services, Accounting and Finance Services, Audio Visual Services, Communication Services, Legal Services, Construction and Related Engineering Services, Environmental Services, Financial Services and Education Services.