Currently, India imposes 30-45 per cent duty on textile products from Pakistan.
Anand Sharma, who took charge of the nodal ministry for FDI on May 29, said there is no need for a relook at the policy amended in February by the Department of Industrial Policy and Promotion. While the policy does not allow overseas inflow into this sector, the changes in February were perceived to be opening the sector to FDI up to 49 per cent in an Indian firm that has a downstream subsidiary firm in retailing.
In October 2015, the sectors had witnessed a growth of 3.2 per cent.
"At the moment, the fall is arrested (and it) is very clear. The growth is happening. We will only be looking at the steady growth. It may be slow but steady," Commerce Minister Nirmala Sitharaman told reporters in New Delhi.
It floated a strategy paper for this purpose where it had recommended certain specific areas such as skill development, focus on research and development and channelising incentives in a proper manner.
The Oil Industry Safety Directorate, under the Petroleum Ministry, carries out safety audits of oil and gas installations, besides formulating and standardising procedures and guidelines for design, operation and maintenance.
'If you allow Walmart to operate in India, our manufacturing will finish completely.' 'What will happen to Narendra D Modi's dream then? There will be no Make in India.'
The first of its kind, a gem bourse to cater to the needs of the gemstone industry of the Pink City where all the business could be transacted under one roof, would soon become a reality.
Sharma says efforts on to bring dissenting ministries on board eBiz platform.
The Bangladeshi prime minister said that India's sudden decision to stop onion exports has led to a bit of difficulty for her countrymen.
Coal, refinery products, electricity and cement production registered a growth of 14.5 per cent, 8.1 per cent, 10.2 per cent and 11.3 per cent, respectively in November, as per the data released by the Commerce and Industry Ministry.
China approved 9,582 new foreign-funded companies in first 5 months.
The growth rate in September too was 3.2%.
The much-delayed Foreign Trade Policy (FTP), which will roll out steps to boost exports, is expected to be unveiled soon.
The note recommends allowing FDI in domestic firms through the issue of partly-paid up shares and convertible warrants, but with certain riders.
The export project, an initiative of the ministry of commerce and industry, was spearheaded by Rajya Sabha MP and Dhangar community leader Dr Vikas Mahatme. It was aimed at increasing the income of farmers and open new avenues of self-employment.
India Inc is seeking at least quarterly interactions with senior government representatives to establish a channel of communication and help change the opinion at the highest level.
Commerce and Industry Minister Anand Sharma on Wednesday said the government will soon announce incentives for labour intensive export sectors, notwithstanding high growth in the shipments during December.
Imports too rose by 0.46 per cent to $34.25 billion during the month under review, leaving a trade deficit of $10.36 billion.
eGOM is likely to reconsider the 5000 hectre SEZ land ceiling limit in the coming month.
Steps such as safeguard duty in the works to plug the route
Amidst controversy on the issue of import of genetically modified foods, an inter-ministerial meeting is being held on Wednesday to discuss the policy on GM foods and crop, including their import.\n\n\n\n
The product was banned for export earlier, but has now been moved to the restricted category, under which an exporter would have to seek a licence from the government for shipments.
The government is likely to extend interest subvention for some export-oriented sectors for another year to sustain the current growth in exports. This will be announced during the coming Union Budget for 2011-2012.
VSNL intends to set up the unit through its wholly owned subsidiary, VSNL Global Services.
Says allow companies with up to 49% FDI to invest in restricted sectors.
'She must first change the Rules of Business 1961 that makes the defence secretary and not the defence minister responsible for the defence of the country!' says Colonel Anil A Athale (retd.)
A limited number of activities will remain prohibited across the country, irrespective of the zone, including travel by air, rail, metro and inter-state movement by road, running of schools, colleges, and other educational and training/coaching institutions.
The commerce ministry has mandated bar coding on all medicine packs meant for exports from July 1, to trace and track these medicines to its source of origin. The move is in response to quality concerns raised against Indian drugs by some African countries.
A five member Egyptian trade delegation called on Commerce and Industry Minister Arun Jaitley on Thursday.
The board would take a decision on these applications on February 20.
"The import and export situation will be quite grim in the fourth quarter of this year and next year, or at least in the first quarter of next year," MOC spokesman Shen Danyang said at a press conference.
The output had expanded by 4 per cent in March 2014.
The Swadeshi Jagaran Manch has pointed out that these firms pose a threat to domestic manufacturing and retailing as they do not pay relevant taxes such as GST, giving them a huge edge over local players.
India remains North Korea's 2nd-largest import source after China, according to several estimates by multilateral bodies, says Subhayan Chakraborty.
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