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) ...

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 ...

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 ...

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 ...

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 ...

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 ...

Speaking at the high level DPIIT-FICCI Investor Roundtable on PLI for White Goods, ShriAnurag Jain, Secretary, DPIIT, said that the government is willing to look at the Phased Manufacturing (PMP) plan for the AC industry to check the imports and increase local value addition and employment. He was responding to the suggestions made by some of the CEOs present in the ...

The Minister for Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Shri Piyush Goyal has saidthe WTO needs to reassess the way it has been conducting its affairs. Pointing out that certain countries don’t give market access equitably and openly, and extend hidden subsidies, Shri Goyal said the developed countries should do more and meet their obligations ...

Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles, Shri Piyush Goyal has said a slew of Production Linked Incentives (PLI) schemes announced by the Government in various sectors have induced post-Covid industrial and economic recovery. Chairing a review meeting of the Steering Committee on Advancing Local value-add & Exports (SCALE), Shri Goyal said there ...

The Minister for Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Shri Piyush Goyal has said, as per a recent CII-Ernst & Young report, India will be the next investment global hotspot. “We have the potential to attract an annual FDI in the range of $120- $160 billion by 2025. Last seven years we’ve seen a record ...