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

NMDC’s Annual Performance

April 4, 2022 India Ties Comments Off on NMDC’s Annual Performance

National Mineral Development Corporation Ltd. (NMDC), the Country’s largest Iron Ore producer, a CPSE under the Ministry of Steel, reported cumulative production and sales for FY22 stood at 42.15 MT and 40.70 MT respectively, a growth of 23% in production and 22% in sales over the same period last year. […]

Business

Revamping Food Processing Industries

April 4, 2022 India Ties Comments Off on Revamping Food Processing Industries

In order to deal with constraints faced by the Food Processing sector and to ensure its overall growth and development across the country, the Ministry of Food Processing Industries (MoFPI) has been implementing Central Sector Umbrella Scheme – Pradhan Mantri Kisan SAMPADA Yojana (PMKSY), centrally sponsored PM Formalisation of Micro Food Processing Enterprises Scheme (PMFME) and Central Sector Production Linked Incentive Scheme (PLISFPI). […]

Business

Export Policy for MSMEs

March 31, 2022 India Ties Comments Off on Export Policy for MSMEs

E-Commerce is widely considered a medium to reduce costs related to penetration and sustainability of exporters in international markets. Indian MSMEs stand to benefit from the enhanced visibility provided by e-commerce platforms. […]

Business

Innovations In Startups

March 30, 2022 India Ties Comments Off on Innovations In Startups

Startups and the entire innovation ecosystem are the engines of growth for any country. Recognizing this aspect, the Government launched the Startup India initiative on 16th January 2016 with an aim to build a stronger ecosystem for nurturing India’s startup culture that would further drive our economic growth, support entrepreneurship, and enable large-scale employment opportunities. […]

Business

Steps to Increase Domestic Production of Ammonium Nitrate

March 30, 2022 India Ties Comments Off on Steps to Increase Domestic Production of Ammonium Nitrate

Presently, Coal India Limited (CIL) has Regular Running Contracts with 12 domestic private explosive manufacturers for Bulk explosives; 06 domestic private explosive manufacturers for Large Dia explosives, and 04 domestic private explosive manufacturers for Permitted explosives. […]

Business

Export of Heavy Electrical Equipment has increased

March 29, 2022 India Ties Comments Off on Export of Heavy Electrical Equipment has increased

As per the inputs provided by Manufacturers Association, the export of products pertaining to Heavy Electrical Industries i.e. Turbine, Generators and rotating machines, Transformers, Switch Gears and control gears, etc. has increased in last three years. […]

Business

Recent Initiatives of Mines Ministry to Check Illegal Mining

March 28, 2022 India Ties Comments Off on Recent Initiatives of Mines Ministry to Check Illegal Mining

Section 23C of Mines and Minerals (Development and Regulation) Act (MMDR Act) 1957, empowers the State Governments to frame rules to prevent illegal mining, transportation, and storage of minerals and for the purposes connected therewith. Hence, control of illegal mining comes under the legislative and administrative purview of the State Governments. […]

Business

Animal disease-free zones to increase meat exports

March 28, 2022 India Ties Comments Off on Animal disease-free zones to increase meat exports

APEDA organizes National Business Meet on promoting exports of value-added meat products; Prime Minister Shri Narendra Modi had launched the National Animal Disease Control Programme in 2019 with an allocation of Rs 12,652 crore to control and eradicate the FMD and Brucellosis amongst the livestock in the country […]

Business

Promote Khadi textiles and modernize the Khadi Industry

March 28, 2022 India Ties Comments Off on Promote Khadi textiles and modernize the Khadi Industry

With a view to promote Khadi textiles and modernize the Khadi Industry, Ministry of MSME, through Khadi & Village Industries Commission (KVIC) has over the years taken various initiatives through various Technological Institutions of national repute and already disseminated those developed technologies in the past, as a regular activity. […]

Business

Khadi Rolls Out Major Employment Spree in Rajasthan

March 28, 2022 India Ties Comments Off on Khadi Rolls Out Major Employment Spree in Rajasthan

In a major boost to the self-employment spree in Rajasthan, Khadi and Village Industries Commission (KVIC) on Saturday distributed 200 electric potter wheels to potters, 240 waste wood toolkits to Carpenters, and 10 dona paper plate making machines to 450 local artisans in Jodhpur. […]

Business

Ministry of Power has been monitoring coal

March 26, 2022 India Ties Comments Off on Ministry of Power has been monitoring coal

domestic coal supply to be made proportional to the coal received from CIL/SCCL for all the Gencos;
Not maintaining adequate fuel stocks or not giving availability on any pretext (such as the high price of imported coal etc) is inexcusable: Ministry of Power […]

Business

IIE signs MoU with MoRD to enhance the impact of the SVEP

March 25, 2022 India Ties Comments Off on IIE signs MoU with MoRD to enhance the impact of the SVEP

In line with the Prime Minister, Shri Narendra Modi’s vision of Atmanirbhar Bharat, the Indian Institute of Entrepreneurship (IIE) under the aegis of Ministry of Skill Development and Entrepreneurship (MSDE) signed a Memorandum of Understanding (MoU) with the Ministry of Rural Development (MoRD), to promote entrepreneurship at a local level amongst the rural youth. […]

Business

53rd IHGF Delhi Fair 2022 organized by EPCH

March 25, 2022 India Ties Comments Off on 53rd IHGF Delhi Fair 2022 organized by EPCH

The 53rd edition of one of the world’s largest handicrafts fairs – the IHGF-Delhi fair will open to overseas buyers, buying and sourcing professionals as well as large domestic volume retail buyers on 30th March 2022 in India Expo Centre & Mart, Greater Noida. […]

Business

Bamboo Industry

March 24, 2022 India Ties Comments Off on Bamboo Industry

At the request of the Khadi and Village Industries Commission (KVIC), the Ministry of Commerce & Industry, Govt. of India, has amended the import policy of Agarbatti and placed it from “Free” trade to “Restricted” trade, w.e.f. 01.09.2019, to restrict the import of raw Agarbatti and give a boost to the indigenous production of Agarbatti, thereby safeguarding rural employment. […]

Business

Steps are taken to reduce Crude Oil import

March 24, 2022 India Ties Comments Off on Steps are taken to reduce Crude Oil import

The Minister of State for Petroleum and Natural Gas, Shri Rameswar Teli in a written reply to a question in the Lok Sabha today informed that the production of crude oil till February 2022 has been 27.16 Million Metric Tonnes (MMT) (provisional) against the target of 31.80 MMT for the current financial year. […]

Business

International Cooperation With MSMEs

March 24, 2022 India Ties Comments Off on International Cooperation With MSMEs

To encourage international cooperation between various countries and the MSMEs in the country, the Ministry of Micro, Small, and Medium Enterprises(MSME) is implementing International Cooperation Scheme, a Central Sector Scheme. […]

Business

Coal Demand Likely To Increase by 63 percent

March 23, 2022 India Ties Comments Off on Coal Demand Likely To Increase by 63 percent

In India, the transition away from coal is not happening in foreseeable future. Although there will be a push for renewable/non-fossil-based energy, the share of coal in the energy basket is going to remain significant in the years ahead. […]

Business

Reduction in production of steel

March 23, 2022 India Ties Comments Off on Reduction in production of steel

There was a reduction in the production of steel during the initial months of FY 2021 mainly due to covid-19 pandemic-induced disruption. However, this has been followed by a V-shaped recovery in production and the monthly production has since reached pre-Covid levels. […]

Business

Steel produced using recycled material

March 23, 2022 India Ties Comments Off on Steel produced using recycled material

Steel produced using recycled material such as steel scrap emits substantially less emissions and hence it is highly desirable. The steel scrap generated inside the steel plants is fully recycled back in the process. […]

Business

Promotion of Khadi Products

March 21, 2022 India Ties Comments Off on Promotion of Khadi Products

The details of Research and Development (R&D) activities undertaken in the country for the promotion of Khadi by Khadi and Village Industries Commission (KVIC) during last three years […]

Business

Access to Working Capital for MSMEs

March 21, 2022 India Ties Comments Off on Access to Working Capital for MSMEs

The Government has taken a number of initiatives for providing financial assistance to the Micro, Small, and Medium Enterprises (MSMEs) to cope with the financial impact of the COVID-19 pandemic, including access to working capital. […]