Business

Find News and information about Business which includes information India Support Office and
News from Ministries of
Ministry of Commerce and Industry
Ministry of Skill Development and Entrepreneurship
Ministry of Micro, Small and Medium Enterprises

And news from Departments of
Department for Promotion of Industry and Internal Trade
Department of Commerce
Directorate General of Foreign Trade (DGFT)
Department of MSME
Khadi and Village Industries Corporation

And other related departments, boards, corporations attached & subordinates offices, apex institutions, PSUs, JVs, Companies, Schemes, Programmes, and Missions

Business

Increase in GST rates for textiles deferred

December 31, 2021 News Desk Comments Off on Increase in GST rates for textiles deferred

After persuasion of HMoST, the GST Council’s 46th meeting was held today under the chairpersonship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. The GST Council has recommended deferring the earlier decision to change the rates in textiles recommended in the 45th GST Council meeting […]

Business

Gadkari calls for Flex Fuel Vehicles manufacturing in India

December 27, 2021 News Desk Comments Off on Gadkari calls for Flex Fuel Vehicles manufacturing in India

Union Minister for Road Transport and Highways Shri Nitin Gadkari has said in order to substitute India’s import of petroleum as a fuel and to provide direct benefits to farmers, the Automobile Manufacturers in India have now been advised to start manufacturing Flex Fuel Vehicles (FFV) and Flex Fuel Strong Hybrid Electric Vehicles (FFV-SHEV) complying with BS-6 Norms in a time bound manner within a period of six months. […]

Business

21.7% of GDP is Exports

December 15, 2021 News Desk Comments Off on 21.7% of GDP is Exports

The share of India’s total exports (Good & Services) to GDP was 18.7% in 2020-21, which is already above 15 percent. Exports have performed remarkably well in the current financial year with the share of exports to GDP at 21.7 percent in the first half (April to September) of 2021-22. […]

Business

North-Eastern Region to emerge as a hub for rubber production

December 9, 2021 News Desk Comments Off on North-Eastern Region to emerge as a hub for rubber production

North-Eastern Region to emerge as a hub for rubber production:Shri Piyush Goyal

“Central Government has planned rubber plantations on 2 lakh hectares in the NE”

Shri Piyush Goyal addresses the ‘Destination Tripura – Investment Summit’

“Tripura has the potential to emerge as the country’s hub of Agarbatti Industry”: Shri Goyal […]

Business

Plastic industry asked to generate Rs 10 lakh Cr revenue by 2027

December 7, 2021 News Desk Comments Off on Plastic industry asked to generate Rs 10 lakh Cr revenue by 2027

Shri Piyush Goyal today asked the Plastic manufacturing industry to aim to increase their turnover to Rs 10 lakh crore from present level of 3 lakh crore in next 5 years. He said that huge potential exists to increase the manufacturing of plastic machinery in India and reduce dependence on Imports. […]

Business

KVIC Rolls Out Unique Business Model to Handhold 70 Women Agarbatti Artisans in Assam

December 2, 2021 News Desk Comments Off on KVIC Rolls Out Unique Business Model to Handhold 70 Women Agarbatti Artisans in Assam

Khadi and Village Industries Commission (KVIC) has created a unique business model to empower women Agarbatti artisans in Assam and strengthen the local Agarbatti industry, which is a major employment creator in the state. KVIC has engaged 70 tribal women with the flagship Prime Minister’s Employment Generation Program (PMEGP) to set up their own Agarbatti manufacturing units at Birkuchi in Kamrup district of Assam […]

Business

KVIC to begin Pashmina production soon in Varanasi

November 30, 2021 News Desk Comments Off on KVIC to begin Pashmina production soon in Varanasi

The globally acclaimed Pashmina wool products, which are indigenous to the high altitude regions of Leh-Ladakh and Jammu & Kashmir, will now be made in Varanasi also. In a path breaking initiative, Khadi and Village Industries Commission (KVIC) has roped in 4 Khadi Institutions from Varanasi & Ghazipur districts in Uttar Pradesh for processing Raw Pashmina wool and weaving it further into woollen fabric […]

Business

Exports of Gems and Jewellery doubles

November 27, 2021 News Desk Comments Off on Exports of Gems and Jewellery doubles

Exports of Gems and Jewellery more than double and rise to $ 23.62 bn in first 7 months this FY as compared to last year: Shri Piyush Goyal; India can emerge as the largest diamond trading hub in the world, says Shri Piyush Goyal
[…]

Business

Li-ion battery fabrication lab to be setup in bengaluru

November 27, 2021 News Desk Comments Off on Li-ion battery fabrication lab to be setup in bengaluru

International Advanced Research Centre for Powder Metallurgy and New Materials (ARCI), an Autonomous R&D Centre of Department of Science and Technology (DST), Govt. of India and Nsure Reliable Power Solutions., Bengaluru signed an agreement for technical know-how transfer and training of personnel to set up the Li-ion battery fabrication lab on November 25, 2021. […]

Business

Dharwad Industrial Area to get an upgrade

November 26, 2021 News Desk Comments Off on Dharwad Industrial Area to get an upgrade

The proposed industrial development at Dharwad will augment the existing industrial development and create an investment destination for various categories of industries through provision of large-scale regional trunk infrastructure at Dharwad and tap the potential of the existing road/rail freight movement (strategic position in BMIC corridor ~500 km equidistant from Bengaluru and Mumbai) along BMIC […]

Agriculture & Commodities

Export Oriented Policies of Government have created eco-system for export led growth

November 26, 2021 News Desk Comments Off on Export Oriented Policies of Government have created eco-system for export led growth

This is the right time to increase our exports – says MoS Finance Bhagwat Karad; Assures all support from Banks at the Banking Conclave on Exports in Mumbai; “Export Oriented Policies of Government have created eco-system for export led growth” – Minister […]

Business

MSME minister calls for working together for improving the economic scenario

November 24, 2021 News Desk Comments Off on MSME minister calls for working together for improving the economic scenario

Union Minister for MSME, Shri Narayan Rane has called upon the Trade and Industry bodies to work together for improving the economic scenario in the country. Speaking to a delegation from Trade Promotion Council of India, which called upon the Minister today, he said, by working in similar direction, our industries can enhance their global competitiveness. The delegation discussed ways to improve the presence of Indian products in international markets. […]

Business

1st International Conference on Hydrogen Energy held

November 24, 2021 News Desk Comments Off on 1st International Conference on Hydrogen Energy held

The 1st International Conference on Hydrogen Energy – Policies, Infrastructure Development and Challenges is being organized by Central Board of Irrigation and Power (CBIP) with the support of Ministry of New & Renewable Energy , Central Electricity Authority and NTPC on 24th -25th November 2021 […]

Business

E-commerce issued notice on sale of pressure cookers

November 22, 2021 News Desk Comments Off on E-commerce issued notice on sale of pressure cookers

Central Consumer Protection Authority Issues Notice to e-commerce entities offering for sale Pressure Cookers in violation of compulsory BIS Standards

CCPA has initiated a country-wide campaign to prevent sale of spurious and counterfeit goods that violate Quality Control Orders published by the Central Government […]

Business

Special Credit Linked Capital Subsidy Scheme for Services Sector launched

November 19, 2021 News Desk Comments Off on Special Credit Linked Capital Subsidy Scheme for Services Sector launched

Shri Narayan Rane, Union Minister for MSME launched Special Credit Linked Capital Subsidy Scheme (SCLCSS) for Services Sector to meet the technology related requirements of enterprises in the services sector and has a provision of 25% capital subsidy for procurement of Plant & Machinery and service equipments […]

Business

Pre-bid conference held for ACC PLI Scheme

November 15, 2021 News Desk Comments Off on Pre-bid conference held for ACC PLI Scheme

Ministry of Heavy Industries (MHI) organises pre-bid conference for prospective bidders for Advanced Chemistry Cell (ACC) PLI Scheme, receives great response

MHI released RFP in October inviting bidders for a total manufacturing capacity of ACC battery storage of 50 Giga Watt Hour (GWh) with an outlay of Rs.18,100 crore

Bidding to be held online through a transparent two-stage process, under the Quality and Cost Based Selection (QCBS) mechanism […]