ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • Survey
  • videos
  • photos
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Dalal Street Corner: Market ends flat even as FII selling nears exhaustion; what should investors do on Friday?
  • Exclusive: June GST collections estimated at Rs 1.37-1.39 lakh cr, sources tell Zee Business ahead of announcement on 1 July
  • Eknath Shinde sworn in as 30th Chief Minister of Maharashtra, Fadnavis becomes Deputy CM
  • Gold Price Today: Weaker Rupee to hold yellow metal slide domestically, amid strengthening Dollar; analyst suggests strategy
  • Monsoon session of Parliament to begin on July 18; to end on August 12
Read in App
Business News » Small Business News

Steps to boost exports, startups part of Commerce Ministry's 100-day prog for new government

Extensive coordination among different stakeholders of the logistics sector including roads, railways, shipping, civil aviation, and states is required. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Steps to boost exports, startups part of Commerce Ministry's 100-day prog for new government
The ministry has proposed to set up a separate logistics department to be headed by a secretary with a view to enhancing growth of startups. Representational Image, source: Reuters

Measures to boost exports and promote start-ups are part of the 100-day programme prepared by the Commerce and Industry Ministry for the new government, an official said. The new government is expected to assume office by the end of this month. These proposals would be presented to the new government, the official added. The ministry has proposed to set up a separate logistics department to be headed by a secretary with a view to enhancing growth of the sector, which is fundamental to boost exports, imports and overall economy.

Extensive coordination among different stakeholders of the logistics sector including roads, railways, shipping, civil aviation, and states is required. Currently, there is a separate wing of logistics, headed by a special secretary in the commerce department. It has also proposed a new World Trade Organisation (WTO)-compliant export incentive scheme for goods shipments to replace the existing MEIS. At present, exporters of goods avail incentives under the Merchandise Exports from India Scheme (MEIS). In this, the government provides duty benefits depending on product and country. 

Since 2011-12, India's exports have been hovering at around USD 300 billion. During 2018-19, foreign shipments grew by 9 per cent to USD 331 billion. Promoting exports helps a country to create jobs, boost manufacturing and earn more foreign exchange.  Similarly, the department for promotion of industry and internal trade has prepared a vision document to promote growth of start-ups and steps to further improve ease of doing business to attract both domestic and foreign investments.

During April-December 2018-19, foreign direct investment into India dipped by 7 per cent to USD 33.5 billion.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Indian startupsStartups
Written By: ZeeBiz WebTeam
Updated: Mon, May 06, 2019
05:13 pm
New Delhi, PTI
RELATED NEWS
Chaayos raises $53 mn to expand stores, hire talent Chaayos raises $53 mn to expand stores, hire talent
From bankruptcy to Rs 225 cr business! Know the story behind Osam Dairy From bankruptcy to Rs 225 cr business! Know the story behind Osam Dairy
Meesho IPO: Facebook-backed startup targets early 2023 - Source Meesho IPO: Facebook-backed startup targets early 2023 - Source
How 22-Year-Old Faishal Ansari, Founder Of An SaaS Startup RevertLab, Became Role Model For Many How 22-Year-Old Faishal Ansari, Founder Of An SaaS Startup RevertLab, Became Role Model For Many
Big boost for SMEs and start-ups! CEPA signed between India and UAE - See what FICCI says Big boost for SMEs and start-ups! CEPA signed between India and UAE - See what FICCI says

LATEST NEWS

KYC for Demat account, Single-use plastic ban to IPO rule change - here is a list of important changes that come into effect from 1 July

Nothing Phone 1 confirmed to come with Snapdragon 778G+ SoC on July 12 - Know more

GST Council Meeting Outcome: Big boost for Rakesh Jhunjhunwala's stock as sewage treated water gets exemption from GST

Dalal Street Corner: Market ends flat even as FII selling nears exhaustion; what should investors do on Friday?

2022 Maruti Suzuki BREZZA: Maruti Suzuki launches New Brezza today, Check price, features, and more

Indian and Offshore Gaming Sites Are in the Same Boat, Experts Remind

Copper Set to Post Worst Quarterly Performance in Over 2 Years

Eknath Shinde sworn in as 30th Chief Minister of Maharashtra, Fadnavis becomes Deputy CM

Monsoon session of Parliament to begin on July 18; to end on August 12

Indian Bank raises MCLR rates by 0.15 pc across tenors

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV