Insurance Surety Bonds for NHAI Contracts Crosses Rs. 10,000 Crore Landmark

The Insurance Surety Bonds (ISB) issued for NHAI contracts have surpassed Rs. 10,000 crore, with 12 insurance companies issuing approximately 1,600 ISBs as Bid Security and 207 as Performance Security. A workshop was held to promote ISB and Electronic Bank Guarantee (eBG) adoption, highlighting their cost-effectiveness and potential to support India's growing infrastructure sector, which is expected to see a 6-8% increase in Bank Guarantee requirements annually.

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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