Spices Board has established eight crop specific Spices Parks across the country, the Minister of State for Commerce and Industry, Smt. Anupriya Patel said in reply to a parliamentary question today. The details of spices parks are as below: Name of the Spices Park State Spices covered Chhindwara Madhya Pradesh Garlic and Chilli Guna Madhya Pradesh Coriander Guntur Andhra Pradesh ...
Read More »Yearly Archives: 2023
Seafood products export from India during the last three years has increases from US$ 6679 million in FY 2019-20 to an all-time high record figure of US$ 7759.58 million in FY 2021-22
Seafood products export from India during the last three years has increased from US$ 6679 million in FY 2019-20 to an all-time high record figure of US$ 7759.58 million in FY 2021-22, the Minister of State for Commerce and Industry, Smt. Anupriya Patel said in reply to a parliamentary question today. The seafood exports in last 3 years is tabulated as ...
Read More »Centre takes proactive steps to promote the GI tagged products in the global market
The Government has taken several proactive steps to promote the GI tagged products in the global market, the Minister of State for Commerce and Industry, Shri Som Parkash said in reply to a parliamentary question today. The Directorate General of foreign Trade (DGFT) is the agency of the Ministry of Commerce and Industry of the Government of India, responsible for ...
Read More »Centre formulates ‘Action Plan for Champion Sectors in Services’ to give focused attention to 12 identified Champion Services Sectors
Centre has formulated ‘Action Plan for Champion Sectors in Services’ to give focused attention to 12 identified Champion Services Sectors, namely, Information Technology & Information Technology enabled Services, Tourism & Hospitality Services, Medical Value Travel, Transport & Logistics Services, Accounting and Finance Services, Audio Visual Services, Legal Services, Communication Services, Construction and Related Engineering Services, Environmental Services, Financial Services and ...
Read More »The Fund of Funds Scheme (FFS) for startups commits Rs. 7,980 crores to 99 Alternative Investment Funds (AIFs) and Rs. 3,400 crores to 72 AIFs which have in turn made investments of Rs. 14,077 crore in 791 startups
As on 31st December 2022, under the Fund of Funds Scheme (FFS) for startups, Rs. 7,980 crore has been committed to 99 Alternative Investment Funds (AIFs) and Rs. 3,400 crore has been disbursed to 72 AIFs which have in turn made investments of Rs. 14,077 crore in 791 startups, the Minister of State for Commerce and Industry, Shri Som Parkash ...
Read More »Rs. 477.25 crore approved to 133 incubators under the Startup India Seed Fund Scheme (SISFS)
The Startup India Seed Fund Scheme (SISFS), a flagship scheme under Startup India initiative has been implemented with effect from 1st April 2021. Under the Scheme, Rs. 477.25 crore has been approved to 133 incubators of which Rs. 211.63 crore has been disbursed as on 31st December 2022, Minister of State for Commerce and Industry, Shri Som Parkash said in ...
Read More »Export of commercial vehicles registers a growth of 83.36%
Export of total number of automobiles increased from 41,34,047 in 2020-21 to 56,17,246 in 2021-22, registering a positive growth of 35.9%. Out of this, export of Passenger vehicles including cars increased from 4,04,397 in 2020-21 to 5,77,875 in 2021-22, registering a positive growth of 42.9% and commercial vehicle increased from 50,334 in 2020-21 to 92, 297 in 2021-22, registering a positive ...
Read More »Mahanadi Coalfields Ltd introduces VIHANGAM Drone Technology and Latest Safety Equipment
Mahanadi Coalfields Ltd (MCL), the premier CPSE under the Ministry of Coal has introduced drone technology in coal mines by launching a web- based portal VIHANGAM along with a drone and ground control system. The portal allows an authorised person to access real time drone video from the mine through a dedicated 40 Mbps internet lease line near the mines. There is ...
Read More »28 Coal Mines Produce More than 100%
India’s overall coal production increased by 12.94% to 89.96 Million Ton (MT) from 79.65 MT during Jan’23 as compared to Jan’22. As per the provisional data of the Ministry of Coal, during Jan’23 Coal India Ltd (CIL) registered a growth of 11.44%, whereas SCCL and captive mines/others registered a growth of 13.93% and 22.89% respectively. Of the top 37 coal ...
Read More »Union Budget to give a boost to exports and manufacturing
Union Budget 2023-24 has a slew of measures to give boost to exports and help accelerated growth of manufacturing in the country. The indirect tax simplification and rationalization has a clear export-oriented focus. Following are highlights for export and manufacturing Sector: The Department of Commerce’s recommendation on lab grown diamond (LGD) has been accepted whereby the research grant of Rs. ...
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