Cabinet Approves Bharat Maritime Insurance Pool with Rs 12,980 Crore Sovereign Guarantee

The Union Cabinet, led by Prime Minister Narendra Modi, approved the Bharat Maritime Insurance Pool (BMI pool) to facilitate continuous maritime insurance coverage. This pool, backed by a sovereign guarantee of Rs.12,980 crores, will address global volatility and geopolitical instability by ensuring Indian shipments have access to affordable insurance, even along volatile maritime routes. This initiative reduces India's reliance on international insurance bodies by covering all maritime risks and promoting local insurance expertise.

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APEDA Launches First Sea Shipment of Botanical-Infused Millet Foods to New Zealand

The Agricultural and Processed Food Products Export Development Authority (APEDA) facilitated the maiden sea shipment of botanical-infused, ready-to-cook millet functional foods from Karnataka to New Zealand. This milestone underscores the expanding opportunities for India's millet-based agricultural exports, bolstered by participation in APEDA-supported international trade fairs. Source: Original Link