Page 22 - Commerce Ministry

Make 'vocal for local' a national movement: Goyal tells girl innovators

Piyush Goyal told girl innovators to make 'vocal for local' a national movement and become ambassadors for quality to further promote entrepreneurship in the country.

Electronics production in India to reach $300 bn by 2026: Report

Electronics production in the country is expected to reach USD 300 billion by 2026, industry body ICEA said in a report on Monday. The National Policy on Electronics (NPE) 2019 had set a target of achieving a turnover of USD 400 billion by 2025. However, the industry will be unable to achieve the target set by NPE 2019, due to the adverse impact of COVID-19 pandemic on the sector, the report said, adding that "the COVID-19 pandemic brought with it unforeseen and unprecedented challenges." "The NPE 2019 targets for electronics production in 2025-26 at USD 300 billion appears to be more realistic considering the disruption on account of COVID-19 in the past 18 months which has been aggravated with the new variants of the COVID-19 virus such as Omicron," the report said. The India Cellular and Electronics Association (ICEA) Chairman Pankaj Mohindroo while sharing the details of the report said that the reduced target still aims for a 400 per cent increase from the current level, which

Govt taking significant steps to boost startup ecosystem: Piyush Goyal

The government is taking significant steps such as resolving the angel tax issue, simplification of tax procedures, and self-certification, Commerce and Industry Minister Piyush Goyal said on Friday.

Agri exports likely to cross $50 bn this fiscal: Commerce ministry

The country's exports of agricultural products increased 23.21 per cent to USD 31.05 billion in April-November 2021 and is expected to cross USD 50 billion for the "first time" this fiscal

Traders body CAIT asks govt for robust and unambiguous e-commerce policy

Alleges that FDI policy has been continuously violated by foreign-funded e-commerce firms right under govt's nose, no action taken against such companies so far

Goyal assures full support to IT firms in pushing growth, exports to $1 trn

Commerce and Industry Minister Piyush Goyal assured full government support to leaders of top IT companies in pushing the growth of the sector and taking services exports to $1 trn in a decade.

Piyush Goyal urges global VC funds to focus on startups in smaller cities

Commerce and Industry Minister Piyush Goyal called upon the global venture capital funds to focus more on startups from tier 2 and 3 cities of the country and explore new sectors for investing.

India, UK FTA to boost cooperation in tourism, tech, startups: Piyush Goyal

Union Minister of Commerce and Trade Piyush Goyal said that the agreement will expand cooperation in tourism, technology, startups, education, climate change, etc.

Exports rise 33% to $7.63 billion during Jan 1-7 period: Govt data

The country's exports grew 33.16 per cent to USD 7.63 billion during January 1-7 period on account of healthy performance by various sectors, including engineering, petroleum and gems and jewellery

India's exports going strong, says commerce ministry official

Joint Secretary in the Department of Commerce Amitabh Kumar stressed on increasing India's share in global exports

Commerce ministry likely to soften stance on 21st century issues at WTO

The commerce secretary said including 21st century issues in bilateral deals would bring both opportunities and challenges for Indian industry

India's exports rose 44% to $16.46 billion during Dec 1-14: Govt data

Imports too grew 42.57 per cent to $27.53 billion during the period under review, the data showed

Centre to brainstorm on reducing compliance burden of citizens, businesses

To improve 'Ease of Living' and 'Ease of doing business, the Centre has decided to further reduce the compliance burden on businesses and citizens, the Ministry of Commerce and Industry informed

Comm Min recommends continuation of anti-dumping duty on Chinese tiles

The commerce ministry has recommended continuation of anti-dumping duty on Chinese tiles, used for covering floors and walls in buildings, for five more years

4 industrial smart cities being developed under DMIC: Commerce Ministry

The government has approved 11 such corridors consisting of 32 projects to be developed in four phases

DPIIT working on national retail policy: Union Minister Som Parkash

The minister said it is imperative to focus on creating an overarching retail policy for the country

Aim to cut imports, Commerce Ministry shares list of items with ministries

The cumulative share of these items is 57.66 per cent in total import during the March-August 2021 period

US Trade Representative to visit Delhi in Nov to expand ties with India

In the past, India had extensive discussions with the US on a limited trade deal, with the regime of Donald Trump

India to push for lower price at CERAWeek as crude oil hits $85 a barrel

India will be anchoring the international meeting, which will be attended by representatives from the world's largest oil producer, Saudi Arabia and Opec

Gold imports jump multi-fold to $24 billion in Apr-Sep due: Commerce min

Gold imports, which have a bearing on the current account deficit, zoomed to about USD 24 billion during April-September 2021 due to higher demand in the country,