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Commerce and Industry

Revamp of SEZ policy to meet challenges faced by exporters

Commerce & Industry Minister reviews implementation of recommendations of Baba Kalyani committee on SEZ Commerce and Industry & Railways Minister Piyush Goyal chaired a meeting yesterday in New Delhi to review the remaining recommendations of the Baba Kalyani report on Special Economic Zone (SEZ) policy of India. The meeting was attended by members of the Baba Kalyani group along with ...

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800 FPOs registered on Farmer Connect Portal of APEDA

The Agri Export Policy was announced last year with an objective of doubling the export and ensuring doubling of farmers’ income. In order to achieve this objective, Agricultural and Processed Food Products Export Development Authority (APEDA) has been adopting a focused approach for ensuring greater involvement of the State governments for effective implementation of Agri Export Policy (AEP). Throughout the ...

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Reforms by boiler division for EoDB

172 competent persons qualified for Inspection and Certification of Boilers Regular workshops conducted by NPC onefficient Boiler Operations Department for Promotion of Industry and Internal Trade (DPIIT) has permitted self-certification and third party inspection and certification of boilers with State Governments. Specimen notification under section-34(3) of the Boilers Act 1923 have been forwarded to them to ensure safety of boilers ...

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India’s remarkable jump in World Bank’s Ease of Doing Business Report 2020

India ranks 63rd among 190 countries improving by 14 ranks from its rank of 77 in 2019. India has improved its rank in 7 out of 10 indicators and has moved closer to international best practices. The 2020 edition of the Report acknowledges India as one of the top 10 improvers, third time in a row, with an improvement of 67 ...

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Quick Estimates of Index of Industrial Production and Use-Based Index for the Month of October, 2019 (Base 2011-12=100)

The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of October 2019 stands at 127.7, which is 3.8 percent lower as compared to the level in the month of October 2018. The cumulative growth for the period April-October 2019 over the corresponding period of the previous year stands at 0.5 percent. 2.     The ...

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Facilities for New Start-Ups

Startup India Initiative was launched on 16th January 2016. The Startup India Action Plan with 19 Action Points intends to build a strong eco-system for nurturing innovation and startups in the country that will drive sustainable economic growth and generate large scale employment opportunities. The Action Plan is divided across the following areas: Simplification and Handholding Funding Support and Incentives ...

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Tax Exemptions to Indian Exporters

In the current Goods and Services Tax regime, exports are zero rated to ensure that the goods produced in India for exports are not disadvantaged due to the domestic tax burden and stay competitive internationally. Further, Under the Foreign Trade Policy, Duty Exemptions Schemes ensure that inputs imported/locally procured for use in the export products are either exempt from duties ...

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Industrial Corridors

Government of India has approved the development of following five industrial corridor projects to be implemented through National Industrial Corridor Development and Implementation Trust (NICDIT): S.No. Industrial Corridor States 1 Delhi Mumbai Industrial Corridor (DMIC) Uttar Pradesh, Haryana, Rajasthan, Madhya Pradesh, Gujarat, Maharashtra 2 Amritsar Kolkata Industrial Corridor (AKIC) Punjab, Haryana, Uttar Pradesh, Uttarakhand, Bihar, Jharkhand, West Bengal 3 Chennai ...

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India – E29 are Beacons of Growth in a Slowing World; E29 gateway for Indian Products to Europe: Piyush Goyal

India and the countries of the Europe 29 region are beacons of growth in a slowing world. This was stated by Mr. Piyush Goyal, Minister of Commerce & Industry and Railways at the India – Europe 29 Business Forum has been organized by the Ministry of External Affairs, Government of India and Confederation of Indian Industry (CII) in New Delhi ...

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PM Modi inaugurates Global Investors’ Meet at Dharamshala

Prime Minister Narendra Modi today inaugurated the Rising Himachal, the Global Investors Meet 2019 at Dharamshala, Himachal Pradesh. Prime Minister congratulated the Chief Minister of Himachal Pradesh for organizing this event. Addressing the gathering, Prime Minister said, he is happy to welcome all the Wealth Creators to this meet. He said earlier states were offering various discounts to attract investment ...

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