TRIUMPH IAS ACADEMY MUMBAI

Asian Development Bank (ADB) and the Government of India have signed a $67.6 million loan that will help improve physical and institutional links to support agriculture in the state of Bihar. The loan will help expand agricultural value chains and facilitate better linkages for small scale farmers with processors, agribusiness entrepreneurs, and service providers in Muzaffarpur and Patna-Nalanda regions of Bihar. The loan is the first tranche of a $170 million multitranche financing facility under the Agribusiness Infrastructure Development Investment Program, which was approved by the ADB Board in September, 2010 to boost private sector investment in agribusiness infrastructure in selected regions of Bihar and Maharashtra.

Singapore is a close friend and valued regional partner for India. Our relations are broad-based and multi-faceted. They are underpinned by a confluence of interests spanning political, economic, cultural, defence and security issues. Apart from regular high-level exchanges of visits and an architecture of productive dialogue mechanisms, our friendship is nourished by a vibrant people-to-people relationship. Singapore is not only our foremost trading partner in ASEAN, but also a major source of FDI inflows into India. India welcomed additional Singapore investment into India, particularly in the infrastructure sector, where Singapore has great expertise. We agreed to expedite the conclusion of the ongoing second Review of the Comprehensive Economic Cooperation Agreement that would further facilitate trade in goods and services and investment. In this context, India assured Prime Minister Lee of India’s commitment to reinforce its status as an investment-friendly country and express

Indo-Mozambican relations have been traditionally warm and friendly. India was amongst the first countries to extend recognition to Mozambique after it achieved its independence in 1975 and amongst the first countries to open its diplomatic mission in the country. India and Mozambique have mutually beneficial cooperation in the field of industry, trade, mineral resources, cultural and political. India and Mozambique is expected to sign Security Co operation Agreement soon

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Realising that time had come to diversify commercial exchanges and exploit the full potential of trade and economic partnership, India and Mauritius have decided to fast-track the negotiations for sealing a Preferential Trade Agreement (PTA). The Joint Working Group of India and Mauritius would be meeting on July 23 in New Delhi to explore co-operation in textiles, clothing industry, technology transfer and fashion industry. This decision was taken at a meeting between the Commerce and Industry Minister, Anand Sharma, and Mauritius Minister of Foreign Affairs, Regional Integration and International Trade, Arvin Bolle, during the bilateral talks here on Friday. Both sides felt that it was time to put the PTA negotiations on fast-track as this would lead to enhanced trade and result in both sides reducing duties on a certain category of products. Talking to reporters here, Mr. Arvin Bolle said his country was ready to conclude the PTA negotiations at the earliest, and all efforts would