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ADB Funds Agricultural Value Chains
The Government of India and the Asian Development Bank (ADB) have signed an agreement for the second tranche (US $ 24.3 million) under the US $ 170 million Agribusiness Infrastructure Development Investment Programme which is a multi-tranche financing facility.
The loan is to continue modernization efforts in Maharashtra state’s horticultural industries and will expand agricultural value chains and better integrate small-scale farmers into value chains in Nashik and Aurangabad-Amravati regions.
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India-Canada CEO Forum
India and Canada have agreed to set up a CEO Forum. This forum will have its first meeting in Canada during the visit of the Union Minister for Commerce and Industry, Mr Anand Sharma to Canada in May-June 2012.
This was decided between Mr Sharma and his Canadian counterpart, Mr Ed Fast at a meeting at Davos, Switzerland recently.
The two sides have also agreed to fast track the process of negotiations for a bilateral trade and investment agreement. The next meeting of officials for this agreement is slated later in February, reports said.
References: Hindustan Times, Times of India, The Hindu, Economic Times, Business Standard, Business line, India Today.