The Government has taken various policy measures and reforms to support food processing sector as indicated below: Inclusion of food & agro-based processing units and cold chain as agricultural activity under Priority Sector Lending (PSL) norms in April 2015. As a measure towards of ease of doing business, the Food Safety and Standards Authority of India (FSSAI) through notifications in ...
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FOOD PROCESSING SECTOR’S CONTRIBUTION IN GDP
The contribution of the food processing sector has increased continuously with Gross Value Added (GVA) in food processing sector from Rs.1.34 lakh crore in 2014-15 to Rs. 2.37 lakh crore in 2020-21 at a Compound Annual Growth Rate (CAGR) of 9.97%. The Ministry of Food Processing Industries(MoFPI) implements various schemes with an objective of overall growth and development of the ...
Read More »Medical Device Parks
The Department implements the scheme “Promotion of Medical Devices Parks”, with a total financial outlay of Rs. 400 crore and the maximum assistance under the scheme for one Medical Device Park would be limited to Rs. 100 crore. The tenure of the scheme is from FY 2020-2021 to FY 2024-2025 and the selected Medical Device Park project will be implemented ...
Read More »Uniform Code of Pharmaceutical Marketing Practices
The Government has put in place a Uniform Code for Pharmaceutical Marketing Practices (UCPMP) for Pharmaceutical companies, which is in operation since 01.01.2015, to prevent unethical practices by the pharmaceutical companies. This code governs the conduct of pharmaceutical companies in their marketing practices, duly covering the various aspects such as medical representatives, textual and audio-visual promotional materials, samples, gifts, etc. ...
Read More »Pharmacopoeia Commission for Indian Medicine
The Government of India has established Pharmacopoeia Commission for Indian Medicine & Homoeopathy (PCIM&H), as a subordinate office under Ministry of Ayush by merging Pharmacopoeia Commission of Indian Medicine & Homoeopathy (PCIM&H) and the two central laboratories namely Pharmacopoeia Laboratory for Indian Medicine (PLIM), Ghaziabad and Homoeopathic Pharmacopoeia Laboratory (HPL) vide gazette dated 6th July, 2020). The Commission is engaged ...
Read More »Exchange Rate Notification No. 66/2022 – Customs (N.T.)
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No. 64/2022-Customs(N.T.), dated 21st July, 2022 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and Customs hereby determines that the rate of exchange of conversion of each ...
Read More »Cargo Movement at Ports
The percentage of cargo handled at different Major Ports, Port-wise during the last five years are given at Annexure – I. The container tonnage handled at Visakhapatnam Port during 2021-22 was 85,83,000 tonnes whereas JNPA and Mundra Ports handled 6,90,92,000 tonnes and 8,90,98,000 tonnes respectively during the same period. Further, all the ports have facilities to handle different types of ...
Read More »50 million EXIM containers handled under Logistic Data Bank project
NLDSL-NICDC Logistics Data Bank’s LDB Project has achieved a milestone of handling 50 million EXIM containers since its inception six years ago. Union Minister for Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Shri Piyush Goyal congratulated the entire team of NLDSL for achieving the milestone. Sh. Amrit Lal Meena, Chairman NLDSL, said that NLDSL is striving ...
Read More »12.7 percent increase in Index of Eight Core Industries for June, 2022
The combined Index of Eight Core Industries increased by 12.7 per cent (provisional) as compared to the Index of June 2021. The production of Coal, Cement, Electricity, Refinery Products, Fertilizers, Steel, and Natural Gas industries increased in June 2022 over the corresponding period of last year. ICI measures combined and individual performance of production in selected eight core industries viz. Coal, Crude ...
Read More »Overall share of goods exports in GDP increased to 13.3% in 2021-22 from 10.9% in 2020-21
The share of exports of goods and services in GDP has increased from 18.7% in 2020-21 to 21.4% in 2021-22. The details of exports of goods and services and Gross Domestic Product (GDP) at current prices, and percentage share of India’s exports in GDP for the last five financial years (latest available data) are as follows: S.No. Year India’s ...
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Indian Industry Plus A Pratisrutiplus Suppliment