Six other countries such as China, Russia, Indonesia, Chile, Argentina, Venezuela continue to remain in the list
India's share is about 2.5 per cent in global exports, and the government wants to increase it to about 4-5 per cent over the next few years
May leverage AI, ML to make it more efficient; launch in 6-8 mths
Interministerial meetings underway with DPIIT to get a head start on B-Ready, due for 2026
The exports of engineering goods - comprising over a fourth of India's export basket - grew 2.1 per cent to $109.3 billion
India believes developed countries and China use quality control orders as a trade barrier, and seeks to play catch-up
Meetings have already begun with the relevant ministries and government depts
Of these 46 proposals, 27 have also received comments from the Ministry of Home Affairs regarding security clearance
According to commerce department officials, the top five export market of electronics good are - the US, United Arab Emirates, Netherland, United Kingdom, and Italy
Inter-ministerial meets, stakeholder talks take off
India's trade deficit at 11-month low in March
The plan is to expand electronics manufacturing three times to become a major player in the global value chain
Singh shared government's plans to make PLI schemes for textiles, bulk drugs, food products, and solar PV modules relatively attractive by adding more product lines and extending the timelines
Singh says that PLI schemes on textiles, bulk drugs, food products and solar PV modules are likely to be tweaked
A trade deal with Chile will give India greater access to Latin American region
The department has invited applications from domestic climate and tech entrepreneurs for participation in the meeting
Prescribed subsidy limit breached for marketing yr 2022-23
This was driven by demand for products such as pharmaceuticals, textiles, petroleum products, engineering products, machinery, as well as chemicals, government data showed
Full-year Union Budget to lay out Viksit Bharat vision
Merchandise exports grew at fastest pace in 20 months at 11.9% in Feb