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

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Department for Promotion of Industry and Internal Trade
Department of Commerce
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Business

Piyush Goyal calls upon the Startups India

March 14, 2022 India Ties Comments Off on Piyush Goyal calls upon the Startups India

The next Textile sector Unicorn should come from the Institute of Chemical Technology, says Shri Piyush Goyal;
ICT has one of India’s best Fibres & Textile technology departments in the country and a distinguished alumnus: Shri Goyal […]

Business

Tribes India brings out Holi collection

March 11, 2022 India Ties Comments Off on Tribes India brings out Holi collection

Tribes India once again brings out a wide range of attractive, vibrant tribal products for its Holi collection; A variety of colourful sarees, kurtas, dresses, stoles, dress material of various weaves and styles belonging to a rich heritage such as Maheshwari, Chanderi, Bagh, Kantha, Bhandara, Tussar, Sambhalpuri, Pochampally and Ikat have been carefully created for the Holi collection. […]

Business

MoD Pushes for Industry Design & Development

March 11, 2022 India Ties Comments Off on MoD Pushes for Industry Design & Development

In a significant boost to Prime Minister Shri Narendra Modi’s vision on ‘Aatmanirbhar Bharat Abhiyan’, and in sync with the announcement in the Union Budget 2022-23 that allocated 25% of Defence R & D Budget for industry led R & D, 18 major platforms have been identified by the Ministry of Defence for industry led Design & Development under various routes. […]

Business

NIESBUD signs MoU with MRD for Start-up Village Entrepreneurship Programme

March 7, 2022 News Desk Comments Off on NIESBUD signs MoU with MRD for Start-up Village Entrepreneurship Programme

National Institute of Entrepreneurship and Small Business Development (NIESBUD) — an autonomous organisation under the Ministry of Skill Development and Entrepreneurship (MSDE) signed a Memorandum of Understanding (MoU) with the Ministry of Rural Development (MoRD) to develop a sustainable model for promoting entrepreneurship at the grass roots by initiating the Start-up Village Entrepreneurship Programme (SVEP). […]

Business

PLI for Textiles gets extension

February 14, 2022 News Desk Comments Off on PLI for Textiles gets extension

Ministry of Textiles has further extended the timeline for submission of applications under the PLI Scheme for Textiles till 28.02.2022. Earlier the date of submission of online application under PLI Scheme for Textiles was upto 31st January 2022 which was extended till 14th February, 2022. […]

Business

Indigenous Manufacturing of EVs gets a push

February 11, 2022 News Desk Comments Off on Indigenous Manufacturing of EVs gets a push

The Ministry of Heavy Industries has notified a Phased Manufacturing Programme (PMP) to promote indigenous manufacturing of Electric Vehicles, its assemblies / sub-assemblies and parts / sub-parts / inputs of the sub-assemblies. The PMP envisaged a graded duty structure to promote indigenous manufacturing over a period of time. […]

Business

Dedicated storefront for Ayurveda products on Amazon.in

February 8, 2022 News Desk Comments Off on Dedicated storefront for Ayurveda products on Amazon.in

A dedicated storefront for yurveda products on Amazon.in marketplace was launched by Union Minister for YUSH, Shri Sarbananda Sonowal, at a virtual event today. This event was also attended by MoS for Ayush Shri Munjpara Mahendrabhai and other dignitaries. The event started with a short video film on Ayurveda and its advantages. […]

Business

Cargo Ship sails from Patna to Guwahati via Bangladesh

February 5, 2022 News Desk Comments Off on Cargo Ship sails from Patna to Guwahati via Bangladesh

Inland waterway vessel MV Lal Bahadur Shastri from Patna to Guwahati today. The vessel started its journey from Patna today and is carrying 200 Metric Tonnes of foodgrains headed for Pandu in Guwahati & will travel via Bangladesh to reach the destination by early March, 2022. […]

Business

PLI Scheme for Textiles extended

January 28, 2022 News Desk Comments Off on PLI Scheme for Textiles extended

Ministry of Textiles has extended the timeline for submission of applications under the PLI Scheme for Textiles till 14.02.2022. Earlier the date of submission of online application under PLI Scheme for Textiles was upto 31st January 2022. […]

Business

CCI imposes penalty on maritime transport companies for indulging in cartelisation

January 24, 2022 News Desk Comments Off on CCI imposes penalty on maritime transport companies for indulging in cartelisation

The Competition Commission of India (‘CCI’) passed a final order against four maritime transport companies namely Nippon Yusen Kabushiki Kaisha (‘NYK Line’), Kawasaki Kisen Kaisha Ltd. (‘K-Line’), Mitsui O.S.K. Lines Ltd. (‘MOL’) and Nissan Motor Car Carrier Company (‘NMCC’) for indulging in cartelisation in the provision of maritime motor vehicle transport services to automobile Original Equipment Manufacturers (OEMs) for various trade routes. Amongst these four companies, NYK Line, MOL and NMCC were lesser penalty applicants before CCI. […]

Business

ODOP sees success in J&K

January 24, 2022 News Desk Comments Off on ODOP sees success in J&K

‘One District One Product’ (ODOP) initiative of Centre churning big success stories in J & K, North East , Uttar Pradesh; Department for Promotion of Industry and Internal Trade (DPIIT) holds State Conference to promote ‘One District One Product’ (ODOP) Initiative […]

Business

Goyal aims for 75 unicorns on the day of 75th Anniversary of Independence

January 21, 2022 News Desk Comments Off on Goyal aims for 75 unicorns on the day of 75th Anniversary of Independence

“Let us aim for atleast 75 unicorns in the 75 weeks to the 75th Anniversary of Independence”: Shri Piyush Goyal; calls upon Startups to leverage ” Deep Tech ” to build solutions for local & global markets, – AI, IoT, Big Data, Data Analytics, Blockchain, Virtual Reality, 3D Printing, Drones, etc […]

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. […]