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

Cabinet approves agri pact between India, Phillipines

Image
Press Trust of India New Delhi
Last Updated : Nov 10 2017 | 9:22 PM IST
The Cabinet today gave its nod for signing of a memorandum of understanding (MoU) between India and the Philippines in the farm sector.
The MoU will improve bilateral cooperation in the field of agriculture and will be mutually benefit both countries, an official statement said.
The agreement provides for cooperation in 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, among others.
A joint working group will be set up to implement the identified area of work in both the countries. The group will meet once every two years alternatively in the Philippines and India, the statement said.
The bilateral cooperation will promote understanding of best agricultural practices in the two countries and help in achieving higher crop productivity as well as improved global market access, it added.

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

More From This Section

First Published: Nov 10 2017 | 9:22 PM IST

Next Story