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Commerce and Industry

Export Targets

India’s exports during the last three years are as under: Year Exports (Merchandise +Services) (USD Billion) Growth (%) 2017-18 498.61 13.31 2018-19 538.08 7.91 2019-20 526.55 -2.14 Source: DGCI&S& RBI Eexport targets are set for Special Economic Zones (SEZs)/Export Oriented Units (EOUs). The SEZ units/EOU units are under obligation to achieve positive Net Foreign Exchange (NFE) earning to be calculated ...

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Industrial Corridor Projects

Government of India is developing various Industrial Corridor Projects as part of National Industrial Corridor Programme which is aimed at development of greenfield industrial cities in India in order to compete with the best manufacturing and investment destinations in the world. National Industrial Corridor Development & Implementation Trust (NICDIT) has been constituted for unified development of Industrial Corridors in the ...

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Efficient and Sustainable Packaging key to Environmentally Sustainable Logistics

Packaging serves as the interface between users and logistics companies and efficient and sustainable packaging is the key to environmentally sustainable logistics. Packaging deserves greater attention from improving the overall logistical efficiency perspective.In a consultation meeting organised by the Logistics Division of the Ministry of Commerce and Industry on 9thFebruary, Shri Pawan Agarwal, Special Secretary (Logistics) made the above observations. ...

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Cereals exports see a sharp jump in April – December, 2020, notwithstanding logistical challenges posed by COVID19.

India’s exports of cereals – rice, wheat and coarse cereals witnessed an impressive rise during first three quarters of 2020-21 financial year. As per the data during April-December, 2020, the exports of cereals rose to Rs 49,832 crore from Rs 32,591 crore (4581 US$ million) reported during the same period in the previous year. The exports of cereals witnessed a ...

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Industrial parks and industries in the country

Industrial Park Scheme-2002, applicable for any undertaking which develops and operates, or, maintains and operates, an Industrial Park for the period beginning 1st day of April, 1997 and ending 31st day of March, 2006, was notified by the Department for Promotion of Industry and Internal Trade on 1st April, 2002. Data on Industrial Parks that have been established and functional in different States ...

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Secretary DPIIT says increase in FDI limit in Insurance Sector will have positive impact on the Indian Economy

Secretary, DPIIT, Ministry of Commerce and Industry, Dr. Guruprasad Mohapatratoday said that increase in  FDI limit from 49% to 74% in Insurance Companies announced in the Union Budget 2021-22  will have positive impact on the Indian economy. While briefing the media here, he said that under the new structure, the majority of Directors on the Board and key management persons ...

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Single Window Approval System for Industries

The Central Government is working on setting up a Single Window System for   clearances and approvals of industry in the country. Despite the presence of several IT platforms for investing in India such as in departments of the Government of India and State Single Window Clearances, investors need to visit multiple platforms to gather information and obtain clearances from different ...

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Startup India Seed Fund Scheme

Startup India Seed Fund Scheme (SISFS) has been approved for the period of next four years starting from 2021-22. It will be implemented with effect from 1st April 2021. The Scheme aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization. Rs. 945 Crore corpus will be divided over the next 4 ...

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Policy to boost Agricultural Exports

The Government introduced a comprehensive Agriculture Export Policy with the following vision: “Harness export potential of Indian agriculture, through suitable policy instruments, to make India a global power in agriculture, and raise farmers’ income.” Inter-alia, the objectives of the Agriculture Export policy are as under: To diversify our export basket, destinations and boost high value and value added agricultural exports, ...

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Union Budget 2021-2022 will further enhance the Investment Ecosystem in the country: DPIIT Secretary

Secretary (DPIIT), Dr. Guruprasad Mohapatra today said that  the Union Budget 2021 is aimed at restoring growth in the aftermath of heavy economic losses suffered by the country due to Covid-19 pandemic by enhancing the investment ecosystem in the country. Overall the  Budget 2021-22focuses on investment promotion, infrastructure development, leveraging private investments and encouraging social sector thus creating  a promising ...

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