Invest in India News

  • Industry, exporters should not depend on subsidies; work on improving competitiveness: Piyush Goyal.

    Commerce and industry minister Piyush Goyal on Thursday told industry and exporters to stop depending on the crutches of subsidies and grants from the government, and strive to make industry more competitive and self-reliant. 

     

  • Food subsidy to be hiked by 20% to Rs 2.21 lakh crore.

    Food subsidy may be increased 20 per cent in the budget, likely in July, after it was stepped up to Rs 1.84 lakh crore for the current financial year in the interim budget, presented on February 1, on account of the Food Corporation of India's (FCI) allocations under the National Food Security Act and the sum granted for decentralised grain procurement taking the amount to over Rs 2.21 lakh crore.

     

  • Himachal government eases norms to boost MSME projects.

    The Himachal Pradesh  government has decided to allow entrepreneurs setting up micro, small and medium enterprises in the state to implement their projects through a system of self-certification for up to two years. The move, like the steps taken in Rajasthan , will unshackle industry from the need to seek multiple clearances, while also providing interest subsidy and financial aid for e-marketing, promotion, insurance and transit.

     

  • Piyush Goyal to chair meet on June 6 on ways to boost exports.

    Amid an escalating trade war between the US and China, commerce and industry minister Piyush Goyal will brainstorm with senior government officials and representatives of various trade promotion councils on Thursday to firm up a strategy to boost exports.

     

  • Why it is important for Brazil-India partnership to gain new impetus

    Long-lost brothers, Brazil and India begin to converge in their interests as they slowly identify complementarities and share perceptions about the evolving international order. The two countries, however, have not yet developed clear strategies towards each other and stereotypes continue to reinforce the existing lack of knowledge between both societies. As Brazil and India elect their new leaders, they are presented with an opportunity to review the mechanisms that can take bilateral relations to a new high.

  • Piyush Goyal looks to revamp commerce department to up exports

    Commerce  and industry minister Piyush Goyal has laid out his agenda to revamp the ministry, which is expected to extend to DGFT that, for decades, was responsible for licensing but has seen its role curtailed in recent years.

     

  • ComMin holds meet with stakeholders on Jun 6 to discuss ways to boost exports

    Representatives of central and state governments, industry and exporters will meet on June 6 to discuss ways to boost exports amidst growing protectionism globally, an official said. 

    Members of the Council for Trade Development and Promotion and the Board of Trade will be meeting to deliberate upon all issues related to the country's trade, the official said. 

  • Government committed to take new reform initiatives: NITI Aayog

    The government is committed to take new reform initiatives to accelerate economic growth, increase private investment and modernise agriculture sector, NITI Aayog Vice-Chairman Rajiv Kumar said Saturday.

     

  • India-China trade set to cross $100 bn this year: Senior Indian diplomat

    India has further liberalised e-visa rules for Chinese businessmen as the bilateral trade is set to cross $ 100 billion this year, a senior Indian diplomat said on Friday.

     

    The India-China bilateral trade last year touched a historic high of $ 95.54 billion, according to the official data released by China early this year.

  • Removal of trade status will not hinder economic ties with US, says India

    India Saturday said it will continue to work with the US to strengthen economic ties in the wake of America's decision to withdraw export benefits under a programme.

     

    The US has said with effect from June 5, it will withdraw incentives to Indian exporters provided under its Generalized System of Preferences (GSP) programme.

  • World looking at India with keen interest: Vice President

    Interacting with the Officer Trainees of the 2018 Batch of the Indian Foreign Service (IFS) and Bhutanese Diplomats, the Vice President referred to the growing prominence of India on the world stage and underscored the need for enhancing support from world nations and building a sustained dialogue in favor of UNSC reforms.

     

  • Basmati acreage may rise up to 20% on higher Iran demand

    Farmers are expected to grow more Basmati rice this kharif season, with the acreage under cultivation likely to go up by up to 20 per cent, driven by higher remuneration, low carryover stock and increased demand from Iran. 

     

  • Road ahead for the Commerce ministry: Boosting exports, resolving trade issues key focus areas

    The commerce ministry has its work cut out in the coming months, with issues such as a subdued outlook by the World Trade Organisation (WTO) on global trade, a widened trade deficit and a multitude of challenges on the bilateral and multilateral fronts confronting the new Narendra modi government. A downward slide in Foreign Direct Investment inflows and flagging merchandise exports are other areas of concern.

     

  • Export promotion via ecommerce on the cards

    The Department for Promotion of Industry and Internal Trade (DPIIT) will come out with a strategy to promote exports through ecommerce, detailing the role of the Reserve Bank of India, India Post, customs authorities and export promotion councils. 

     

  • India’s partnership with Africa is free of conditionalities

    India on Friday in a subtle message for China asserted that it’s partnership with Africa is free of conditionalities and totally demand driven.