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Commerce and Industry

INDIA’S FOREIGN TRADE: July 2018 

  MERCHANDISE TRADE EXPORTS (including re-exports) Exports during July 2018 were valued at US $ 25.77 Billion as compared to US $ 22.54    Billion during July 2017 exhibiting a positive growth of 14.32 per cent. In Rupee terms, exports were valued at Rs. 1,77,041.47crore in July 2018 as compared to Rs. 1,45,308.10crore during July 2017, registering a positive growth ...

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TEAM ODISHA: MARCHING AHEAD FOR A BETTER TOMORROW

  Odisha is backed by a stable Government, Proactive leadership and host of team activities to make a conducive business climate. It has always endeavored to provide a hassle-free business environment to investors. To ensure this environment, a number of reforms have been carried out in Odisha. Dr. Sukanta Mishra, a reputed Management Consultant, has made the SWOT analysis of ...

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India’s Footwear Industry has huge potential for export & employment generation: Suresh Prabhu 

Indian footwear Industry has a huge potential for export and employment generation said Union Minister of Commerce & Industry and Civil Aviation. He was speaking at the inaugural programme of the 4th India International Footwear Fair 2018 (IIFF) at PragatiMaidan in New Delhi today. India will soon become a global hub for manufacturing of footwear to cater to growing demand. ...

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Integrate to Innovate Programme for energy Startups 

Invest India has joined hands with energy sector companies to offer a unique lab-to-market opportunity for Indian startups through the Integrate to Innovate Programme. Integrate to Innovate is a 3-month corporate acceleration programme for energy startups housed at the corporate premises. The application for the programme is hosted on Startup India Hub – an online platform bringing together all stakeholders ...

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Production of RAW Cashew at All Time High 

The production of raw cashew nuts in India during 2017-18 has increased to all time high at 8.17 lakh metric tonneand registered growth of 4% compared to previous   production of 7.79 lakh metric tonneand 21 % increase compared to 2015-16 production of 6.70 lakh metric tonne. However, due to shortage of sufficient quantity of raw cashew nut and higher price ...

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SLSWCA approves 4 Investment proposals of Rs.1495 cr. envisaging employment for 6000 people.

The State Level Single Window Clearance Authority Meeting held under the Chairmanship of Chief Secretary Sri Aditya Prasad Padhi accorded in principle approval to 4 investment proposals envisaging investment of around Rs.349 cr.  These projects, mainly in pharmaceuticals, textiles, downstream industries in metals and minerals sectors would create employment opportunities for more than 6000 people. The meeting was held today ...

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Measures to restrict the import of Gold 

  The Government has introduced the following measures to restrict the import of gold in the country: Imposition of restriction on duty free gold imports from the South Korea as allowed under the existing India-Korea CEPA. Imposition of self-use condition on Premiere Trading House and Star Trading House authorised to import precious metal (gold) directly from overseas bullion supplier (DGFT ...

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Over 550 startups mentored for incubation and funding support 

For incubation and funding support more than 550 Startups have been mentored, 2,20,000 registrations have been achieved and over one lakh queries have been handled by the Startup India Hub as of June, 2018. Eighty incubation centers including Atal Incubation Centres and Established Incubation Centres have been selected for funding by the NITI Aayog in the second phase of Statrup ...

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Andhra Pradesh, Telangana and Haryana Top Rankers in Ease of Doing Business

Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry, released the final rankings of States in Ease of Doing Business in New Delhi today. The top rankers are Andhra Pradesh, Telangana and Haryana. Jharkhand and Gujarat stood fourth and fifth respectively. DIPP, Ministry of Commerce and Industry in collaboration with the World Bank conducted an annual reform ...

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Global Trading System Must Include Services Trade: Suresh Prabhu  Services trade is growing faster than merchandise and such dynamic changes need to be captured in the global trading system, stated Suresh Prabhu, Minister of Commerce and Industry and Civil Aviation. He was speaking at the 6th Growth Net Summit, being held in New Delhi on 18-19 June 2018, organized by AnantaCenter ...

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