Current Affairs – July, 2013

Latest Current Affairs July, 2013 with Current Affairs, news summary on current events of National and International importance of July, 2013 for Banking, SSC, CLAT, UPSC, State PCS, IBPS, Railways and other Competitive Examinations.

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India-UK decide to develop Economic Corridor together

India and United Kingdom have decided to collaborate to develop the Bangalore-Mumbai Economic Corridor (BMEC)project in close association with private companies from Britain.

Both sides have agreed to examine and evolve the modalities and content of this project through mutual discussions and work out a roadmap for a possible partnership in this area.

In addition to this, India has also offered to UK, investment or partnership opportunities in the National Manufacturing and Investment Zones (NIMZs). . NIMZs are proposed to be developed as green field industrial townships and benchmarked against the best manufacturing hubs in the world.

The new National Manufacturing Policy aims to create 100 million jobs and increase the share of manufacturing in India’s Gross Domestic Product from 16% now to 25% by 2022.

Port Pipavav retains top spot in seafood exports

PipavavPipavav port located in Saurashtra (Gujarat), has retained the top position for the second consecutive year in seafood exports in FY13 in terms of quantity. The port has recorded an increase of 6% over the previous fiscal.

As per Marine Products Export Development Authority, the port had handled 2,33,738 tonnes of marine exports as against 2,19,801 tonnes in FY12. However, in value terms, both Vizag and Kochi maintained an almost equal share in earnings of Rs 3,344.97 crore and Rs 3,265.64 crore respectively in FY13. Kochi port has come up as No.2 in quantity-wise exports, touching 1,62,109 tonnes. South-east Asia maintained the position as the largest buyer of marine products, followed by the EU, the US, Japan, China and the Middle East.