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7 mega parks will attract substantial foreign investment: Textiles Secy

Upendra Prasad Singh says even as 10 states have expressed interest in PM MITRA, many more are expected to participate when the government invites proposals

Cabinet nod for seven new textile parks with Rs 4,445 crore outlay

The parks will be set up at greenfield or brownfield sites. States with contiguous and encumbrance-free land parcels of over 1,000 acres, along with other textiles ecosystems can apply

India's exports likely to get a boost as WTO raises trade outlook

Exports from India have been rising consistently over the last few quarters

India, UAE to sign trade pact by Mar 2022; Round-1 of CEPA talks this week

A new strategic economic pact is expected to increase bilateral trade in goods to $100 bn, services t $15 bn in 5 years

Single window system launched, to improve ease of doing business

18 departments, 9 states on board single window portal

Govt eases rules for ammonium nitrate, calcium carbide to improve safety

This was done in the backdrop of the lessons learnt from the deadly Beirut explosion that killed about 140 people in August 2020

Dropping of doing biz report won't impact investments, says govt

India's ongoing reforms to improve business climate will continue, says DPIIT Secretary Giridhar Aramane

Dixon, Hindalco, Daikin and 49 others apply for PLI scheme for white goods

The budgetary outlay of the scheme is Rs 6,238 crore. Any unutilized amount from the scheme allocation will be reviewed later

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

Companies enthusiastic about PLI scheme: Heavy industries secy Arun Goel

'There are many components of ICE vehicles that are not made in India and those will be incentivized', said Goel

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