Union Commerce Minister, Piyush Goyal praised Bihar as a ‘hidden gem’ with untapped potential, highlighting the State’s transformation under Chief Minister, Nitish Kumar. Speaking at a CII event, Goyal urged investors to explore opportunities in Bihar, citing improvements in law and order and transparency. He also discussed efforts to boost exports to USD 2 trillion […]
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While the Make in India push has helped some big companies, the smaller ones that could not ride this tailwind now risk getting drowned. That is not good news for India’s competitiveness in the global market. The Government’s drive to boost domestic manufacturing has benefitted some business segments but small companies still import a wide […]
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According to FIEO, the value of export credit outstanding has come down to Rs 2,17,406 crores in the March 2024 quarter from Rs 2,27,452 crores in the same quarter last year. Exporters will raise the issue of “declining bank credit” to exporters at the Board of Trade (BoT) meeting that will be held on Friday […]
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The Government has launched the Trade Connect e-Platform to streamline export and import information for entrepreneurs. Developed with various Ministries and organizations, it aims to connect over 6 lakh IEC holders and provide real-time trade-related data. The portal will be updated regularly and include additional services in its second version by 2025. The platform is […]
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Workers assemble a BYD Dolphin compact hatchback electric vehicle inside the company’s new plant in Nikhom Phatthana, Thailand, in July. Bloomberg China has strongly advised its carmakers to make sure advanced electric vehicle technology stays in the country, even as they build factories around the world to escape punitive tariffs on Chinese exports. Beijing is […]
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This comes in the wake of assurances from Minister of Heavy Industries, HD Kumaraswamy and Commerce and Industry Minister, Piyush Goyal, during events organised by the Indian Steel Association (ISA), that steps would be taken to restrict Chinese steel imports to protect the domestic steel industry. As large steel producers push for protectionist measures citing […]
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India’s push for manufacturing-led urbanisation aims to boost economic growth and living standards. The government has approved 12 new industrial parks under the National Industrial Corridor Development Program, focusing on sustainable infrastructure and job creation. This initiative is crucial as over 500 million people are expected to settle in urban areas. Urbanisation and manufacturing have […]
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Under CGTMSE, the guarantee cover available for micro enterprises is up to 85% for loans up to Rs 5 lakhs, while for loans between Rs 5 lakhs and Rs 5 crores, the cover is up to Rs 75%. Rajneesh also noted the 5-crore Udyam registration milestone achieved last week as part of the Ministry’s drive […]
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An Exclusive Interview with Khushboo Doshi, Managing Director of Rajoo Engineers Limited: In a bold and strategic move, Rajoo Engineers Limited, a renowned leader in the plastics extrusion machinery sector, has ventured into the renewable energy arena with a strong focus on solar cell manufacturing. As India aims to achieve an ambitious 450 GW of […]
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The number of Global Capability Centres (GCCs) set up in India, increased to around 1,700 in fiscal 2024, generating $64.6 billion in export revenue and employing over 1.9 million people, a new report has said, with the country expanding its dominance in this space even as GCCs emerge as critical nerve centres for multinational companies. […]
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