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Commerce and Industry Ministry

Key infra sector growth rises to 14-month high of 12.1% in August

Key infra sector growth rises to 14-month high of 12.1% in August

Fri, Sep 29, 2023

The growth of eight key infrastructure sectors rose to a 14-month high of 12.1 per cent in August 2023 against 4.2 per cent a year ago, mainly due to expansion in production of coal, crude oil, and natural gas, according to the official data released on Friday.

India's WPI inflation eases to -4.12% in June

India's WPI inflation eases to -4.12% in June

Fri, Jul 14, 2023

The wholesale price-based inflation rate declined to (-)4.12 per cent in June on easing prices of food, fuel and manufactured items.

DPIIT asks states to hold industry interactions for addressing logistics bottlenecks

DPIIT asks states to hold industry interactions for addressing logistics bottlenecks

Sat, Mar 11, 2023

A series of regional workshops are being organized to facilitate the wider adoption of the PM GatiShakti National Master Plan (NMP) platform across all the states/UTs to sensitise the state officials about it.

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Centre likely to consider phased manufacturing plan for AC industry: DPIIT Secretary Anurag Jain

Centre likely to consider phased manufacturing plan for AC industry: DPIIT Secretary Anurag Jain

Fri, Nov 26, 2021

The government is willing to look at the PMP for the AC industry to check the imports and increase local value addition and employment,'' the Commerce and Industry Ministry said, quoting the secretary.

Piyush Goyal asks companies to submit concerns on draft e-commerce policy in 10 days

Piyush Goyal asks companies to submit concerns on draft e-commerce policy in 10 days

Tue, Jun 18, 2019

The issue was discussed during a meeting between the minister and representatives of e-commerce and technology industry.

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

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

Thu, Jun 06, 2019

Commerce and Industry Minister Piyush Goyal Thursday said that industry and exporters should not depend on government subsidies and instead focus on becoming more competitive.

Tracing jobs in Economy: Develop proper matrix, says Suresh Prabhu

Tracing jobs in Economy: Develop proper matrix, says Suresh Prabhu

Sun, Apr 07, 2019

The minister's comments have come against the backdrop of former RBI Governor Raghuram Rajan recently raising doubts over the Indian economy growing at 7 per cent when not enough jobs were being created.

India made an offer to US to resolve trade issues: Suresh Prabhu

India made an offer to US to resolve trade issues: Suresh Prabhu

Wed, Apr 03, 2019

The US has decided to go ahead with its decision to scrap the preferential trade benefit under GSP scheme after 60 days, which is expected to impact India's exports to the US worth USD 5.6 billion under this programme.

Officials restricting supply of domestic goods for public procurement to face action

Officials restricting supply of domestic goods for public procurement to face action

Sun, Nov 18, 2018

After the inquiry, "appropriate action, administrative or otherwise, shall be taken against erring officials of procurement entities under relevant provisions," according to the amended rules.

India, US talks ongoing to resolve trade issues: Prabhu

India, US talks ongoing to resolve trade issues: Prabhu

Sun, Oct 28, 2018

Commerce and Industry Minister Suresh Prabhu has said India and the US have exchanged offers for a possible trade deal with a view to resolving issues related to bilateral commerce.

Infra cos need to work on innovative instrument to attract global funds: Prabhu

Infra cos need to work on innovative instrument to attract global funds: Prabhu

Fri, Oct 05, 2018

Stating that there is no dearth of funds, Commerce and Industry Minister Suresh Prabhu Friday said there is a need to work on innovative instrument and structure to attract global money for investment in infrastructure sector.

Amazon seeks government's nod for e-retail of food products in India

Amazon seeks government's nod for e-retail of food products in India

Fri, Feb 03, 2017

The US-based e-commerce company Amazon has sought Goverment of India's nod for online retailing of food products produced and manufactured in India.

Budget 2017: Government may announce incentives for gems & jewellery

Budget 2017: Government may announce incentives for gems & jewellery

Mon, Jan 23, 2017

The government is expected to announce steps like cut in the gold import duty and incentives to set up gems and jewellery parks in the next Budget 2017 to promote growth of the industry.

Keep labour-intensive sectors out of GST ambit: Nirmala Sitharaman

Keep labour-intensive sectors out of GST ambit: Nirmala Sitharaman

Tue, Jan 03, 2017

Commerce and Industry Ministry on Tuesday asked the GST Council to grant ab-initio exemption to exporters from the Goods and Services Tax (GST) and keep the labour-intensive sectors like leather and plantation completely out of the tax net or put them in lowest slab.

India extends steel floor price to February 4 to curb cheap imports

India extends steel floor price to February 4 to curb cheap imports

Sun, Dec 04, 2016

India has yet again extended the floor price of imports of steel products for a further two months as the government tries to protect the domestic industry from cheap overseas shipments, especially from China.

Commerce Ministry commissions study to assess impact of FDI on pharma sector

Commerce Ministry commissions study to assess impact of FDI on pharma sector

Sun, May 29, 2016

The experts would look into issues like the impact of foreign direct investment (FDI) in the brownfield pharmaceutical companies and access to affordable medicines, the official said, adding access to medicines can be ensured only when India would have a strong generic medicine industry.

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