An important step has been taken in encouraging agricultural exports from the region with the recent partnership between the Arunachal Pradesh Agriculture Marketing Board (APAMB) and Lulu Hypermarket LLC, Dubai, UAE. Arunachal Pradesh's agricultural goods are expected to have a greater worldwide footprint and new opportunities for farmers owing to this five-year Memorandum of Understanding (MoU), which was signed on November 3, 2023, during the World Food India 2023 event.
Under the terms of the agreement, the state will export oranges, pumpkins, and other local produce to Gulf nations via the vast network of Lulu Hypermarkets, a multinational corporation with a significant global reach. This strategic alliance benefits farmers by giving them access to international markets and boosting the local economy in the area. The shared dedication to enabling export-focused marketing initiatives and researching prospects signifies a holistic strategy for broadening the global market for Indian farm goods.
Concurrently, Lulu Hypermarket and the Agricultural and Processed Food Products Export Development Authority (APEDA) signed a Memorandum of Understanding (MoU) to increase Indian agricultural exports, particularly millets, to the Gulf Cooperation Countries (GCCs). This action, which was formalized during the World India Food (WIF) 2023 conference in New Delhi, is in line with the goal of promoting Brand India internationally.
Dedicated shelf space for APEDA's products at Lulu Group stores, promotional efforts, and customer interaction through various events are all part of the partnership between APEDA and Lulu Hypermarket. Indian agricultural products are being marketed globally in a comprehensive manner, as evidenced by the joint commitment to facilitate export-oriented promotional programmes and explore opportunities through Lulu Group's international network.
This is good news as it shows that Arunachal Pradesh and India are committed to supporting economic growth, increasing exports, and enhancing the general well-being of farmers. It also raises awareness of the agricultural products from these regions. Emphasizing the importance of international cooperation in advancing sustainable agricultural practices and economic development, it is a commendable step towards exhibiting the wide range of products from agriculture and related sectors in the international arena.
Give your thoughts on the measures used to promote regional products and offer advice on how to do the same for regional goods in the global marketplace.
Sakthivel 1 year 11 months ago
In an interconnected world, the choice to support and collaborate with those who support us is more than a business strategy; it's a commitment to collective success and community development. Let's embrace the power of local collaboration to create a stronger, more resilient business community.
Sakthivel 1 year 11 months ago
Encouraging Community Success By choosing local partners, we contribute to a thriving community. A successful local business environment leads to job creation, community development, and a stronger local economy.
Sakthivel 1 year 11 months ago
Building Long-Term Relationships Working with local businesses fosters long-term relationships. These relationships can evolve into strategic partnerships, where mutual support and understanding drive collective growth and success.
Sakthivel 1 year 11 months ago
Sustainable Practices Doing business locally can be more sustainable. Shorter supply chains mean reduced transportation emissions and a smaller carbon footprint, aligning with growing consumer demands for environmentally friendly practices.
Sakthivel 1 year 11 months ago
Quality and Reliability Local distributors often provide higher quality goods or services with more reliability. Proximity allows for faster communication, quicker problem-solving, and a deeper understanding of local market needs.
Sakthivel 1 year 11 months ago
Mutual Benefits When we choose to work with local partners, the benefits are twofold. Firstly, it boosts the local economy, creating a more vibrant business environment. Secondly, it often results in better service due to the personal relationships that develop.
Sakthivel 1 year 11 months ago
The Power of Local Networks Engaging with local businesses isn't just a transaction; it's a partnership that fosters community growth. By supporting each other, we create a robust network where success is shared and multiplied.
Sakthivel 1 year 11 months ago
As part of our Weekly Money Monday series, today we delve into the profound impact of doing business with those who do business with us, especially when it comes to local enterprises and distributors.
Sakthivel 1 year 11 months ago
To overcome these obstacles, organizations need to implement effective communication strategies that foster open and efficient interactions. In this article, we will explore some key strategies to facilitate effective communication for global collaboration.
Sakthivel 1 year 11 months ago
Utilize project management platforms such as Asana or Trello to create centralized communication hubs, facilitating collaboration and information sharing.