New Commodity Board

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....ew Commodity Board <br>News and Press Release<br>Dated:- 14-5-2012<br><BR>Press Information Bureau Government of India Ministry of Commerce & Industry 14-May-2012 17:09 IST A proposal to form a Cashew Board by merging the activities of Cashew Export Promotion Council of India (CEPCI) under the Ministry of Commerce & Industry and Cashew Division of the Directorate of Cashew and Cocoa Developmen....

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....t (DCCD) of the Ministry of Agriculture is planned. The Planning Commission in this connection had held two meetings on 9th December, 2009 and 14th June, 2011 with the Department of Commerce and the Ministry of Agriculture. Presently, a draft Note in the form of EFC is under preparation of this Ministry for seeking approval of the Expenditure Finance Committee of the Ministry of Finance and the Pr....

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....oject Appraisal & Management Committee of the Planning Commission. Presently, there is no Commodity Board to look after the cashew industry. However, the Directorate of Cocoa & Cashewnut Development (DCCD) under the Ministry of Agriculture, looks after production related activities whereas the Cashew Export Promotion Council of India (CEPCI) sponsored by the Department of Commerce, looks after th....

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....e export related activities of the cashew industry. Under the Plan scheme in the XI Five Year Plan, the Cashew Export Promotion Council of India was provided an assistance of Rs.9.02 crore for upgrading processing facilities. In addition, the Ministry of Commerce & Industry has put in place various schemes namely Market Development Assistance (MDA), Market Assistance Initiative (MAI), Assistance ....

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....to State for Development Export infrastructure and Allied Activities (ASIDE), Vishesh Krishi and Gram Upaj Yojana, Focus Product Scheme, Focus Market Scheme, Town of Export Excellence etc. to boost export of agri products which includes cashew industry also. The foreign exchange earned from export of cashew and allied products during the last three years are given below:- CASHEW KERNEL CASHEWNUT....

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.... SHELL LIQUID TOTAL (CK+CNSL) YEAR Qty Value Qty Value Qty Value (M.T) (Rs.Crs) (M.T) (Rs.Crs) (M.T) (Rs.Crs) 2008-09 109522 2988.40 9099 26.06 118621 3014.46 2009-10* 117991 2801.60 11227 27.62 129218 2829.22 2010-11* 91559 2598.15 11364 31.85 102923 2630.00 Source : CEPCI, * : Various Custom Houses This information was given by Shri Jyotiradiya M. Scindia, Mi....

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....nister of State for Commerce & Industry in written reply to a question in Lok Sabha today. DS/GK<BR> News - Press release - PIB....