In order to promote manufacturing of electric and hybrid vehicle technology and to ensure sustainable growth of the same, Department of Heavy Industry is implementing FAME-India Scheme- Phase-I [Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India] from 1st April 2015. The scheme, which was initially upto 31st April 2017, has been extended upto 31st March, 2019 or till Notification of ...

India’s overall exports (merchandise and services) have increased since 2016-17. During the current period 2018-19 (Apr-Sept), India’s overall exports registered a positive growth of 17.01% as compared to the corresponding period of previous year. The details of India’s overall exports for last three years and the current year are as follows: Years Value of Exports (US$ billion) % Change 2015-16 416.60 ...

Make in India’ programme which was started about four years back by the India government, has motivated some of the states in the country to start industrialization programme in their respective states. In this regard, very promptly the government of Odisha organized the First ‘Make in Odisha’ Conclave in Novermner 2016 and the Second one in November 2018 both at ...

             The Union Minister for Commerce & Industry and Civil Aviation, Suresh Prabhu, released the report prepared by the Department of Industrial Policy & Promotion (DIPP), Ministry of Commerce & Industry, on Industrial Park Rating System. Speaking on this occasion, Commerce Minister said that manufacturing has emerged as one of the high growth sectors in India and it has moved 23 places ...

The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of September 2018 stands at 128.6, which is 4.5 percent higher as compared to the level in the month of September 2017. The cumulative growth for the period April-September 2018 over the corresponding period of the previous year stands at 5.1 percent. 2.        The ...

The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of August 2018 stands at 127.4, which is 4.3 percent higher as compared to the level in the month of August 2017. The cumulative growth for the period April-August 2018 over the corresponding period of the previous year stands at 5.2 percent. 2.        The ...

The Central Government has approved a special package for employment generation in leather and footwear sector. The package involves implementation of Central Sector Scheme – Indian Footwear, Leather & Accessories Development Programme (IFLADP) with an approved expenditure of Rs. 2600 Crore for 2017-20. The scheme aims at development of infrastructure for the leather sector, address environmental concerns specific to the ...

The Working Group tasked to develop a roadmap towards achieving a 5 trilliondollar economy by 2025has prepared its report and it is being circulated to the stakeholders for further suggestions.The Working Group was constituted by the Department of Industrial Policy and Promotion in the Ministry of Commerce and Industry with participation from government and industry. The Group held extensive and ...

The Prime Minister, Shri Narendra Modi, today addressed Destination Uttarakhand: Investors’ Summit 2018, in Dehradun. He said India is going through a period of rapid transformation. He said it is widely accepted that India will be a major engine of world growth in the coming decades. He said the speed and scale of economic reform in India is unprecedented. In this ...

The SEZ Policy Review Committee, headed by Baba Kalyani, met in New Delhi. This was the final round of consultations with the committee members under the chairmanship of the Commerce Secretary. The group held its first meeting on 22nd June this year under the chairmanship of Commerce & Industry Minister Suresh Prabhu. Subsequently, the group met again on 9th July and 20th August, ...