The Government of India will launch Korea Plus tomorrow, a dedicated mechanism for hand holding Korean investors and facilitating South Korean investment and operations in India, said Nirmala Sitharaman, Minister of State for Commerce & Industry, Government of India, here today at the ‘Korea-…
Tag: Nirmala Sitharaman
Over 400 entrepreneurs queue up for tax benefits
Over 400 budding entrepreneurs have filed applications with the Department of Industrial Policy and Promotion (DIPP) for recognition as innovative startups to avail tax breaks and other benefits. An inter-ministerial committee, which assessing such applications, has already considered 189 request…
Indian SMEs readying for INNOPROM 2016
India and Russia have set a challenging goal for bilateral trade to reach $ 30 billion by 2025, while the target for mutual direct investments between them is $15 billion. Compared to these ambitious targets, bilateral trade stood at $ 9.5 billion in 2014 and decreased by around 6 per cent to $ 9…
Telangana wants to be the next start-up hub
Pitching as a new start-up haven, India’s youngest state Telangana has been trying to emerge as a base for budding companies in the country. Looking to keep the momentum alive on generating home-grown entrepreneurs, the government is planning an event similar to Prime Minister Narendra Modi…
Sitharaman takes startups’ tax holiday plea to Finance Ministry
To make Startup India more lucrative, the Ministry of Commerce & Industry has approached the Ministry of Finance with an industry proposal to widen the income tax exemption period from the current three years. “I have been interacting with the startups and a lot of them are in touch wit…
Allowing mortgage of Patents, TMS will help MSMEs raise funds| IPR experts
To allow mortgage of Patents and Trademarks would help the MSME particularly the start-ups who have nothing in the name of physical assets but the IPRs which holds huge financial potential, said an expert. IPR policy will not only incentivise entrepreneurship and innovation in the country, but wi…
Government broadens the ambit of MEIS to enable ease of doing biz for exports
The government has broadened the ambit of its Merchandise Exports from India Scheme (MEIS) and scrapped a requirement for exporters to submit landing certificates of goods to avail of benefits under the MEIS, as it steps up efforts to improve the ease of doing business and reverse a slide in the …
EXIM Analytics will enable SMEs to foray into global trade: Nirmala Sitharaman
Minister of State for Commerce & Industry (I/C) Nirmala Sitharaman has launched a dashboard on EXIM Analytics to provide easy access to the public on export and import trends of India. The portal is developed by the Directorate General of Commercial Intelligence and Statistics. This is to fac…
Trade Facilitation Agreement envisages faster clearances & transparency in trade process | Nirmala Sitharaman
The MoS for Commerce & Industry, Nirmala Sitharaman said that Trade Facilitation Agreement (TFA) envisages faster clearances and reduction of red tapism at the borders and would thereby help in the ease of doing business. She said that ratification of the TFA is bound to change the Indian tra…
Startup action plan has generated buzz among entrepreneurs| Nirmala Sitharaman
The startup action plan has generated a “buzz” among budding entrepreneurs and several of them have been able to successfully attract funds from angel and other investors, Commerce and Industry Minister Nirmala Sitharaman said. “A lot of startups are approaching us (after the an…