India is aspiring for greater global integration of its industries at a time when countries are becoming more protectionist. Commerce and Industry Minister Nirmala Sitharaman says the country will move ahead with more liberalised FDI policy after forming a political consensus. In an interview, Si…
Tag: Nirmala Sitharaman
India should be a standard setter, not follower: Nirmala Sitharaman
New Delhi: India should be setting quality standards for products rather than following global norms, Commerce and Industry Minister Nirmala Sitharaman said, stressing on timely dissemination of regulations for better implementation. Addressing the 4th National Standards Conclave here, she called…
Govt to form spices farmers cos in Arunachal to boost income
The commerce ministry is setting up spices farmers producer companies (SFPCs) on pilot basis in Arunachal Pradesh to help small and marginal farmers get better prices for produce. The SFPCs would help farmers get better prices through post harvest management, primary processing, value addition, p…
Feel free to use Commerce Ministry’s twitter seva: Nirmala Sitharaman
The commerce and industry ministry said it has responded to almost all the queries raised by people on its ‘twitter seva’ hashtag and urged people to make optimum use of this facility. “People had approached in quite a big number and 99 per cent had been served within the two wo…
Services need to gear up for Industrial Revolution 4.0: Nirmala Sitharaman
Greater Noida: India’s services sector must gear up to take advantage of Industrial Revolution 4.0, which will create huge opportunities in high-tech manufacturing, Commerce Minister Nirmala Sitharaman said. Emphasising on the growing importance of services sector, she said India has also r…
Sitharaman invites Japanese investors to India
Acknowledging the contribution being made by Japanese companies in India, Commerce Minister Nirmala Sitharaman on April 14 urged them to avail of the opportunities on offer as India shapes to increae the share of manufacturing in its GDP to 25 per cent in the coming years. “India wants to i…
India exports grow fastest in 5 years in 2016-17, despite demonetisation
India’s exports grew at its fastest pace in five years by 4.7% to $274.65 billion during the financial year 2016-17, despite the demonetisation drive that slowed domestic economic activity since November. In March, exports grew a whopping 27.6% to $29.23 billion after clocking a 17.5% jump in Feb…
Kerala start-up to build floating solar plants in Malaysia
Kozhikode: The solar energy startup company which had set up the state’s first floating solar power plant at Banasura Sagar reservoir in Wayanad has made an ambitious overseas foray by signing a memorandum of understanding (MoU) to build floating solar power plants in Malaysia. The agreemen…
India & Russia bat for SME cooperation
To reach their $30 billion bilateral trade target Moscow and New Delhi should promote cooperation between Small and Medium-scale Enterprises (SMEs) in Russian regions and Indian states, Russia’s Trade Minister Denis Manturov and India’s Minister of State for Commerce Nirmala Sitharama…
Govt approved only 10 start-ups for availing tax benefits under Startup India: Sitharaman
The government has approved only 10 startups for availing tax benefits since the launch of Startup India Standup India programme by Indian govt. in January 2016, Parliament was informed on March 15. As on March 9, the government received 1,835 applications for seeking recognition under the Startu…