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LOC strife freezes India-Pak trade

Related Keywords: ban on Indian import, cotton import, Cotton importers, cotton shortage, customs clearing agents, Department of Plant Protection, domestic prices, huge trade halt, India and Pakistan, LoC, stopped import of agriculture commodities, Wagah border

Cotton importers and customs clearing agents claim a huge trade halt between India and Pakistan. The Department of Plant Protection (DPP) has stopped the import of agriculture commodities from India without a warning or written order because of increase in tensions across the LoC.
Officials of the department confirm the same. According to them, import of agri items from India through the Wagah border crossing and Karachi port and issuing permits for future imports has been halted.

India to provide funding for the Rivatex revival and expansion project

Related Keywords: cotton shortage, Export-Import Bank of India, financing agreement, Kenyan government, Rift valley textile company, Rivatex revival

India showing interest in revival and expansion of the Rift Valley Textile Company Ltd (Rivatex) currently owned by Moi university Company, which acquired and revived it after it collapsed.

India will sign a financing agreement with the Kenyan government once it is satisfied with the firm's revival. The Export-Import Bank of India will provide funding for the planned expansion of the textile company. Rivatex's operations will be expanded at a cost of Sh7.9 billion.

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