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.
BrahmDevYadav 2 years 1 week ago
What is local economy?
Local economies and subsistence economies are defined as those that are small in scale and in which the use of resources including wild species are limited and exclusively used to meet local needs rather than accumulated or sold for profit.
BrahmDevYadav 2 years 1 week ago
Do people like to shop local?
Customers trust and use local businesses, and even prefer them to national chains. More than eight in 10 consumers(82%) currently use local businesses, and in the next year, 48% plan to patronize local businesses even more often.
BrahmDevYadav 2 years 1 week ago
What is local price?
Local Purchase Price means the portion of the total selling price specifically assigned to a transfer of assets or partnership interests between trading entities within a given country. The allocation is guided by the fair market values of the assets in the country.
BrahmDevYadav 2 years 1 week ago
Why are local products more expensive?
First, local production may involve higher labor costs due to labour laws and standards in the country. Additionally, local producers may use more expensive raw materials or adhere to stricter environmental and safety regulations, contributing to higher production costs.
BrahmDevYadav 2 years 1 week ago
What is meant by local product?
Local Product means any tangible personal property including food but excluding freight, mail, or a package to which postage has been affixed.
BrahmDevYadav 2 years 1 week ago
Why do we support local product?
Supporting local business is vital for many reasons including boosting the local economy, preserving local culture and promoting entrepreneurship. We can enjoy personalized customer service by shopping locally and ensure high-quality products while contributing to environmental sustainability.
BrahmDevYadav 2 years 1 week ago
Are local products cheaper?
Local products are fresher and almost always cheaper, there is less waste and transport. Moreover, it makes us less vulnerable and more independent from foreign factors. If we buy locally, we have a positive impact. We can make a difference with every single local purchase.
BrahmDevYadav 2 years 1 week ago
Is it better to buy local products?
When we purchase goods or services from a local business, the money that we spend stays within the community, circulating through the local economy. This, in turn, creates jobs and other opportunities, while helping to support the infrastructure of the area.
BrahmDevYadav 2 years 1 week ago
How can we support local products?
1.Visit our farmer's market.
2.Buy and gift local artwork and decor.
3.Order takeout and delivery.
4.Take a class or watch a live stream.
5.Tag local businesses on social.
6.Leave a positive review.
7.Recommend local businesses to friends, family and colleagues.
8.Comment, like, subscribe and share.
BrahmDevYadav 2 years 1 week ago
What are the advantages of buying locally produced goods?
According to the National Resource Defense Council, buying local will help reduce pollution, improve air quality and improve our health. Large national businesses are growing in both numbers and employment totals at rates much faster than those of smaller businesses.