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Commerce and Industry

Highlights of the performance of the Eight Core Industries for the month of May, 2019 

The Index of Eight Core Industries (ICI) registered a growth of 5.1 per cent in May, 2019over May, 2018.The cumulative growth of these industries during April-May 2019-20 was5.7 per cent as compared to the  growth of 4.4 per cent during April- May2018-19. The growth rate for ICI for April 2019 has been revised upward to 6.3 per cent from 2.6 per centdue ...

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Merchandise Export 

India has achieved a record high of USD 330. 07 billion of merchandise exports in the year 2018-19, registering a positive growth of 8.75% as compared to the previous year. Government has taken following steps to increase exports: A new Foreign Trade Policy (FTP) 2015-20 was launched on 1st April 2015. The policy, inter alia, rationalised the earlier export promotion schemes ...

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Export of Aquaculture 

No anti-dumping duty has been imposed recently on Indian shrimp exports by the United States of America. However, US had imposed anti-dumping duty on import of frozen warm water shrimps from certain countries, including India, in 2004, based on the representations of Southern Shrimp Producers Alliance, an association of local shrimp producers in USA. The Initial anti-dumping duty imposed by ...

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Industrial Park for Rubber Units 

Developmental and research activities for supporting natural rubber sector for the welfare of growers are carried out by Rubber Board through the scheme “Sustainable and Inclusive Development of Natural Rubber Sector” in the Medium Term Framework (MTF) (2017-18 to 2019-20).  The development activities include financial and technical assistance for planting, supply of quality planting materials, support for grower forums and ...

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Relaxation of FDI Norms 

Review of Foreign Direct Investment (FDI) policy is an ongoing process and changes are made in the FDI policy regime, from time to time, to ensure that India remains an attractive investment destination. FDI in various sectors is allowed in a calibrated manner after having intensive consultations with stakeholders including concerned Ministries and Departments, State Governments, apex industry chambers, associations ...

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Startup Development Cells to be set up in State

           While interacting with the startups, Capt. Divya Shankar Mishra, Minister, MSME, Energy, Industries & Home reiterated that development of startup eco-system remains the top priority of government and in the next phase it will be expanded to districts by setting up of Startup Development Cells. He added that all possible support will be given to startups to scale up ...

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Interaction on Trade and Economic Cooperation with Ambassadors and High Commissioners of European and Oceania Countries 

European and Oceania countries are major trading partners and major sources of investments for India and there is huge untapped potential that can be achieved. India has made efforts in the recent past to take economic ties to the next level and have some sort of broad based comprehensive trade agreement. There is a need to take these efforts to ...

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GI Certification for five varieties of Indian coffee 

The Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Government of India has recently awarded Geographical Indication (GI) to five varieties of Indian coffee. They are: Coorg Arabica coffee is grown specifically in the region of Kodagu district in Karnataka. Wayanaad Robusta coffee is grown specifically in the region of Wayanad district which is situated on the ...

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India’s Foreign Trade: February 2019 

India’s overall exports (Merchandise and Services combined) in April-February 2018-19* are estimated to be USD 483.98Billion, exhibiting a positive growth of 8.73per cent over the same period last year. Overall imports in April-February2018-19* are estimated to be USD 577.31Billion, exhibiting a positive growth of 9.42per cent over the same period last year. *Note: Services data pertains to April-January 2018-19 as ...

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Export of Grapes 

The details of the quantum and value of grapes and its products exported from the country during the last three years and the current year are as under: Quantity in MT, Value in USD Million   2015-16 2016-17 2017-18 2018-19 (April-November) Product Quantity Value Quantity Value Quantity Value Quantity Value Grapes, Fresh 132647.60 203.16 198471.30 268.29 188221.18 294.59 40581.92 52.35 ...

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