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Commerce and Industry

INDIA’S FOREIGN TRADE: November 2021

Overall exports in first 8 months of current FY (April-November 2021) jumped by 37.21%, imports shot up by 61.02% over the same period last year India’s overall exports (Merchandise and Services combined) in November 2021* are estimated to be USD 50.36 Billion, exhibiting a positive growth of 22.80 per cent over the same period last year and a positive growth ...

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Ministry of Heavy Industries supports 520 Charging Stations Infrastructure under the Phase-I of FAME India Scheme

Ministry of Heavy Industries supported 520 Charging Stations/ Infrastructure under the phase-I of FAME India Scheme. Out of 520 charging stations, 452 charging stations has been installed as on 03.12.2021. Further, under phase-II of FAME-India Scheme, Rs. 1000 Cr. is allocated for the development of charging infrastructure. This Ministry has also sanctioned 2,877 Electric Vehicle Charging Stations in 68 cities across 25 States/UTs ...

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New Sponge Iron Industries

The details of State/Union Territory wise number of sponge iron plants operational during FY 2020-21 in the country, including Uttar Pradesh are as following:- State/Union Territory wise details of Indian Sponge Iron Industry, 2020-21 State/Union-territory No of Units Andhra Pradesh 6 Chhattisgarh 69 Goa 3 Gujarat 10 Jharkhand 24 Karnataka 35 Maharashtra 7 Odisha 76 Tamil Nadu 6 Telangana 9 ...

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SHARE OF EXPORTS IN ANNUAL GDP

The details of exports of goods and services and Gross Domestic Product (GDP) at current prices, and percentage share of India’s exports to the GDP for the last five years and current year are as follows: S. No. Year India’s exports of goods and services  (in Rs. Crore) GDP (in Rs. Crore) % Share of exports of goods and services ...

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DUES TO EXPORTERS

Government has released Rs 56,027 crore in order to clear pending export incentive dues to exporters, which is for various Schemes namely: Merchandise Exports from India Scheme (MEIS) – Rs 33,010 crore, Service Exports from India Scheme (SEIS) – Rs 10,002 crore, Rebate of State and Central Taxes and Levies (RoSCTL) – Rs 5,286 crore, Rebate of State Levies (RoSL) ...

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PLI SCHEME

Keeping in view India’s vision of becoming ‘Atmanirbhar’ and to enhance India’s Manufacturing capabilities and Exports, an outlay of INR 1.97 lakh crore(US$ 26 billion) has been announced in Union Budget 2021-22 for PLI schemes for 13 key sectorsof manufacturing starting from fiscal year (FY) 2021-22. The 13 key sectors include already existing 3 sectors namely (i) Mobile Manufacturing and Specified Electronic Components, (ii) Critical Key Starting materials/Drug Intermediaries ...

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Foreign Investmen

The details of foreign investment reported through routes of Foreign Direct Investment (FDI) inflow and Foreign Portfolio Investment (FPI) inflows (net) during the last five financial years are as under:   S. No. Financial Year Total FDI Inflow (amount in US$ million) FPI inflows (net) (amount in US$ million) 1. 2016-17 60,220 7,735 2. 2017-18 60,974 22,165 3. 2018-19 62,001 ...

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Agri-Startups

This Ministry has launched a component called “Innovation and Agri-Entrepreneurship Development” under Rashtriya Krishi Vikas Yojana (RKVY-RAFTAAR) in 2018-19 with objective to promote innovation and agri-entrepreneurship by providing financial support and nurturing the incubation ecosystem. This Ministry has appointed five Knowledge Partners (KPs) as Centre of Excellence and twenty four RKVY-RAFTAAR Agribusiness Incubators (R-ABIs) from across the country for implementation ...

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National Single Window System, Portal now hosts approvals across 18 Central Departments and another 14 Central Dept. & 5 States will be added by December’21.” -Shri Piyush Goyal

Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles, Shri Piyush Goyal has said we have to find new ways of financing infrastructure. Addressing the CII National Conference on ‘Ease of Doing Business for Aatmanirbhar Bharat’, Shri Goyal said a New India will be powered by Aatmanirbhar Bharat & Ease of Doing Business (EoDB). “The ...

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India can emerge as the largest diamond trading hub in the world, says Shri Piyush Goyal

Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles, Shri Piyush Goyal today said India can emerge as the largest diamond trading hub in the world. In a video message during the Inauguration Ceremony of Gems & Jewellery Manufacturing Show – 2021”, organised by the Surat Jewellery Manufacturing Association (SJMA), Shri Goyal said the Government ...

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