Don’t miss the latest developments in business and finance.

Cabinet approves agreement on agriculture with Philippines

Image
IANS New Delhi
Last Updated : Nov 10 2017 | 8:28 PM IST

The Union Cabinet, chaired by Prime Minister Narendra Modi, on Friday approved an MoU between India and the Philippines in agriculture and related fields.

As per a release, the Memorandum of Understanding (MoU) would improve bilateral cooperation in the field of agriculture and would be mutually beneficial to both countries.

"It will promote understanding of best agricultural practices in the two countries and will help in better productivity as well as improved global market access," it said.

"This MoU provides for cooperation in the fields of rice production and processing, multi-cropping system, dry land farming systems, bio-organic farming, solid and water conservation and management, soil fertility, sericulture, agro-forestry, livestock improvement."

The MoU provides for constitution of Joint Working Group composed of equal number of representatives, the release said.

"The Joint Working Group shall meet once every two years alternatively in the Philippines and India," it said.

Also Read

--IANS

spk/pgh/dg

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Nov 10 2017 | 8:18 PM IST

Next Story