India’s trade deficit with China increased to $51.86 billion (Rs 3.47 lakh crore) in 2015, Parliament was informed on March 14. “Increasing trade deficit with China can primarily be attributed to the fact that Chinese exports to India rely strongly on manufactured items meeting the de…
Tag: Nirmala Sitharaman
Hope to get funds for startup programme | Nirmala Sitharaman
Union Minister Nirmala Sitharaman February 21 expressed the hope that Budget 2016-17, to be present next week, will allocate required funds for startup India programme. She said her ministry, Commerce and Industry, will do its best to solve the financial difficulties being faced by start-ups. Spe…
Women entrepreneurs should start up new enterprises | Nirmala Sitharaman
Only eight per cent of the start-ups in the country are run by women and hence, women entrepreneurs should come up with more enterprises, Union Minister of State for Commerce and Industry Nirmala Sitharaman said. She was speaking at a session on Start-Up India organised by Young Indians (Yi), Con…
Make in India is also about Make for India | Nirmala Sitharaman
As the government sets out to observe the Make In India week in Mumbai, starting February 13, commerce and industry Minister Nirmala Sitharaman says the programme is aimed at promoting manufacturing for both exports and domestic requirements, as opposed to apprehensions from some quarters that th…
Make in India week to unveil 5 biz-friendly policies
Union minister of state (independent charge) for commerce and industries Nirmala Sitharaman and Chief Minister Devendra Fadnavis on February 8 announced that the Make in India Week from February 13 to 18 would offer access, insights and opportunities to bring together global industry leaders, vis…
Nirmala Sitharaman lauds chemicals and dyes industry
Government of India is making all out efforts to help growth of new generation of entrepreneurs to flourish, in every sector and in all parts of the country, Sitharaman said. Lauding the export performance of chemicals and dyes industries in India, Nirmala Sitharaman, Hon’ble Minister of State fo…
Start-Ups must come up with ideas for manufacturing sector | Nirmala Sitharaman
Start-ups in India should look at high knowledge areas such as core sciences and space technology, said Minister of State for Commerce and Industries, Nirmala Sitharaman. Addressing a gathering of around 300 delegates, which included members from the Indian Electronics and Semiconductor Associati…
Commerce Minister Nirmala Sitharaman meets EPCs to address export concerns
Nirmala Sitharaman, Minister of State (Independent Charge) for Commerce & Industry held a meeting on Februray 4 with the Chairpersons of major Export Promotion Councils to review the current trend of exports from India and to take stock of issues faced by the exporters. 11 Export Promotion Co…
SMEs call for enabling policy to empower e-commerce sector
Small and Medium Enterprises (SMEs) have asked the government to form a friendly policy to liberalise the e-commerce sector. These retailers, who are selling products on e-commerce platforms, want government to treat their virtual shops as technology platform. Recently in a letter to Commerce and…
MSMEs can expect a number of enabling initiatives in Budget 2016
The significance of Micro, Small & Medium Enterprises (MSMEs) to India’s economic growth and prosperity is well established. They provide the critical depth to the manufacturing and service sectors, foster entrepreneurship and generate substantial employment. Close to 45 per cent of the tot…