The merchandise exports from the country have registered 16.8% rise in June 2022, reaching up to USD 37.9 billion which is the highest ever exports. While the value of non-petroleum exports during the month reached 30.12 USD billion, non-petroleum exports amounted to USD 28.54 billion in June 2022. Non-petroleum and non-gems and jewellery exports have…
Following the Rs 12100 crore Enterprise Value paid by Tata Steel Long Products Limited (TSLP) to the government, the disinvestment of Neelachal Ispat Nigam Limited (NINL) is completed and now it’s the part of Tata Steel family. The strategic disinvestment of NINL, a joint venture of 4 CPSEs (MMTC, NMDC, MECON, BHEL) and 2 Odisha…
Committed to achieve the goals of self-reliance and holistic development of Micro, Small & Medium Enterprises (MSMEs), the government has introduced several schemes to create a business environment in which traditional, rural, small and cottage industries equally get the opportunity to flourish. While celebrating International MSME Day, Union Minister for MSME, Narayan Rane said to…
In the presence of several dignitaries, the ‘Steel Week’ was inaugurated by Steel Minister Ram Chandra Prasad Singh at EXPO 2020 Dubai. A Rs 6,322 crore Production Linked Incentive (PLI) Scheme for speciality steel was started during the ongoing ‘Steel Week’ for the specialty steel sector that would propel the Indian steel sector towards meeting…
The country’s exports of Ready to Eat (RTE), Ready to Serve (RTS) and Ready to Cook (RTC) foods under Agriculture and Processed Food Products Export Development Authority (APEDA) basket have exceeded USD 2 billion during 2020-21. India exports RTE food products majorly to USA, UAE, Nepal, Canada, Sri Lanka, Australia, Sudan, UK, Nigeria and Singapore….
Marine Products exports have registered a commendable growth of 35% between April to December last year (Provisional) in comparison to the year 2020. While the exports of Marine products witnessed the growth of 12% and 38% in comparison to April-December 2019 and April-December 2014 respectively. Notably the exports of Marine Products reached USD 720.51 Million…
Engineering Goods sector that constitutes the largest total exports basket of the country has witnessed the value of USD 81.8 Billion during April-December 2021. It was USD52.9 Billion last year during the same period. Thus the Engineering Goods sector has registered the impressive growth and it constitutes more than 27% of the country’s total exports…
FICCI has observed that the economy is growing as per the expectations despite the pandemic. According to FICCI, it is imperative to stimulate the economy to support private consumption and that the Q4 data has been impacted by the effects of Omicron variant. FICCI President Sanjiv Mehta said that the GDP growth for the current…
Piyush Goyal, Union Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles has said the country’s leather industry should achieve number one position in the world while the country is already second largest leather producer across the globe. Speaking at National Export Excellence Awards presentation held at the Council of Leather…
The index of industrial production (IIP) for September 2021 highlights that there has been a sustained increase in industrial production as the IIP has grown to 130.2 in Q2 from 121.3 in Q1. Even, the manufacturing index in IIP has also been steady and it’s likely to rise in the upcoming months. It also mirrors…
