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Cabinet clears Rs 26,000-cr PLI scheme for auto sector to boost production

Over a period of five years, the PLI scheme for the auto sector will lead to fresh investments of over Rs 42,500 crore and incremental production of over Rs 2.3 trillion

Fearing WTO backlash, govt puts on hold textile PLI export targets

Govt officials say they are cautious as they don't want to be trapped in the WTO quagmire

India, UK aim to launch FTA negotiations by November 1

Both countries are looking at an interim agreement by March 2022, which will be followed by a comprehensive FTA

Exports surge 45.8% in Aug to $33 bn; trade deficit widens to $13.8 bn

Merchandise imports continued to widen at $47.09 billion in August

Textile PLI scheme: 35 companies line up Rs 10,000-crore investment

The textile sector is worried about the stringent parameters, including the Rs 600-crore turnover and targets of additional incremental turnover of 25 per cent over the preceding year

Need assurance from India on investment protection: UKIBC's Richard Heald

In a Q&A, UKIBC's group chair lists out three areas that need focus - tariff reduction in some sectors, removal of non-tariff barriers on goods, and aligning data protection rules

Q2 manufacturing outlook seen improving, cost of biz a worry: Ficci Survey

Percentage of respondents reporting higher production in the second quarter of 2021-22 (July-September) was much above the 50% mark, at about 61%

Centre asks Tesla to share manufacturing, investment plan in India

But the relation has to be reciprocal. India should gain in terms of investment, employment," the official said

Fresh investments in motown may cross $4 bn; auto firms in talks with govt

Some 13 auto firms have been in talks with govt for setting up business in India

Govt to release incentive arrears worth Rs 56,027 crore to exporters

Clearing their dues has been a long-standing demand of exporters

India's core sector output grows 9.4% in July on the back of low base

Except crude oil, 7 sectors have shown an uptick YoY

Traders slam NITI Aayog over divergent view on draft e-com policy

Industry fear change in business model, if these draft rules are implemented

India, Australia aim to announce early harvest trade deal by December

An early harvest agreement will be the way forward for an early conclusion of a bilateral Comprehensive Economic Cooperation Agreement (CECA) between both countries

Industry seeks RoDTEP-like scheme for service exports: Check details here

The scheme - Duty Remission of Export of Services Scheme or DRESS - will reimburse the un-refunded taxes and duties embedded in services exports

Piyush Goyal asks India Inc to give feedback on non-tariff barriers

The minister said the Indian economy was on its path of revival, with robust foreign direct investment inflow into the country

India must negotiate well on free trade agreements, say experts

'Reduction in tariff equally crucial while working towards any agreement'

Focus on its economy may've led US to put India deal on the back burner

Government officials said circumstances are now different, with a change in the administration in the US and President Joe Biden taking over in January

India-US trade deal off the table, working on market access issues: Goyal

India is working towards 'early harvest' agreements with UK, Australia, says Piyush Goyal

Govt will support establishing semiconductor industry in India: Goyal

The statement comes days after Tata Group announced its intention to enter the semiconductor business

Exporters want steel, pharmaceuticals sectors under RoDTEP scheme

The RoDTEP guidelines do not include sectors such as steel, organic & inorganic chemicals, and pharma under the scheme