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Ministry of Commerce and Industry

Rs 25,200 crore investment committed by 35 firms in 2nd round of PLI scheme for steel: Centre

Rs 25,200 crore investment committed by 35 firms in 2nd round of...

Sun, Mar 23, 2025

Around 35 companies have shown interest in the second round of the PLI scheme for specialty steel, with commitment of Rs 25,200 crore investment, according to the Ministry of Commerce and Industry.

Union Minister Piyush Goyal to visit Brussels to discuss India-EU FTA, boost trade ties

Union Minister Piyush Goyal to visit Brussels to discuss India-EU...

Sat, Jan 18, 2025

In a bid to further boost trade and investment ties with the European Union (EU), Union Minister of Commerce and Industry Piyush Goyal is slated to visit Brussels, Belgium for a high-level dialogue.

India's core industries see growth of 2 percent in September 2024, driven by cement, refinery products, and coal

India's core industries see growth of 2 percent in September...

Wed, Oct 30, 2024

India's Index of Eight Core Industries (ICI) registered a 2 per cent growth in September this year, compared to the same month last year, the Ministry of Commerce and Industry reported on Wednesday.

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Government may extend anti-dumping duty on Aniline imports from China

Government may extend anti-dumping duty on Aniline imports from C...

Thu, Sep 26, 2024

The investigation covers the period from April 2023 to March 2024.

India's exports to Kuwait surged by 34.78% Y-o-Y to $2.1 billion

India's exports to Kuwait surged by 34.78% Y-o-Y to $2.1 bil...

Sat, Sep 07, 2024

As per the official statement, historically, trade has been a cornerstone of India-Kuwait relations. India has consistently ranked among Kuwait's top trading partners.

India's spices exports hit record $4.46 billion in FY24, red chilli up by 15%

India's spices exports hit record $4.46 billion in FY24, red...

Tue, Jun 18, 2024

The growth was seen owing to a rebound in volumes and higher prices for certain varieties such as pepper, cardamom and turmeric.

Unveiling the Ministry's 100 Days Agenda to Boost Manufacturing and Export

Unveiling the Ministry's 100 Days Agenda to Boost Manufactur...

Fri, Jun 14, 2024

What is the 100 Days Agenda of the Ministry of Commerce and Industry regarding the objective of increasing manufacturing and exports? Know complete details in this video

Commerce Ministry holds discussions on formulating SOPs to negotiate FTAs

Commerce Ministry holds discussions on formulating SOPs to negoti...

Sun, May 19, 2024

To discuss the various aspects of these agreements, the commerce ministry has organised a two-day 'Chintan Shivir' on FTA strategy and SOPs for trade negotiations on May 16-17.

Hindustan Unilever Rebrands Horlicks From “Health Drink” to FND Amid Regulatory Scrutiny

Hindustan Unilever Rebrands Horlicks From “Health Drink” to FND A...

Thu, Apr 25, 2024

Hindustan Unilever's strategic shift to rename its "health drinks" category to "Functional Nutritional Drinks" (FND) aligns with regulatory compliance, addressing concerns over misleading labeling. The move comes amidst government crackdowns on beverage labeling discrepancies, offering investors insights into the company's proactive market positioning.

Government allows UAE's Adnoc to export oil from Indian strategic storage

Government allows UAE's Adnoc to export oil from Indian stra...

Sat, Mar 23, 2024

The government has allowed Abu Dhabi National Oil Company (Adnoc) to export crude oil it has stored in underground strategic storages at Mangalore to give operational flexibility to the foreign firm, an order of the Ministry of Commerce and Industry said.

Open Network for Digital Commerce: ONDC to be open for public in Bengaluru from September 30

Open Network for Digital Commerce: ONDC to be open for public in...

Fri, Sep 30, 2022

The ministry in April launched the pilot phase of the open network for digital commerce, a UPI-type protocol, in five cities - Delhi NCR, Bengaluru, Bhopal, Shillong and Coimbatore. People were allowed to do transactions in these cities.

India's merchandise exports likely to be around USD 470-480 bn in FY23, says Commerce Secretary BVR Subrahmanyam

India's merchandise exports likely to be around USD 470-480...

Tue, Aug 23, 2022

Talking to reporters, Subrahmanyam said the merchandise trade during 2022-23 will be USD 470-480 billion and the services sector is likely to contribute another 280 billion

Piyush Goyal urges fellow ministers of neighbouring countries to work together to transform the subcontinent

Piyush Goyal urges fellow ministers of neighbouring countries to...

Tue, Dec 14, 2021

Piyush Goyal, Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles urged fellow Ministers of neighbouring countries to work together to transform the subcontinent.

Centre, states making efforts to remove burdensome compliance to promote ease of doing business: Commerce Minister Piyush Goyal

Centre, states making efforts to remove burdensome compliance to...

Sat, Nov 27, 2021

The Centre's effort along with states is to eliminate burdensome compliances, reduce the need for licensing and rationalise the renewal process with an aim to promoting ease of doing business in the country, Commerce and Industry Minister Piyush Goyal said on Saturday

India is on track to achieve historic highs in exports: Union Minister Piyush Goyal

India is on track to achieve historic highs in exports: Union Min...

Sun, Nov 14, 2021

Union Minister Piyush Goyal on Sunday said India's economy was witnessing a bounce back in every sphere, and the country is well on track to achieve historical highs in goods and services exports

42 companies selected under PLI Scheme for White Goods

42 companies selected under PLI Scheme for White Goods

Wed, Nov 03, 2021

"After evaluation of all the applications, 42 applicants with committed investment of Rs 4,614 crore have been provisionally selected as beneficiaries under the PLI scheme," Ministry of Commerce and Industry said.

India sees registration of over 16,500 new cos in September

India sees registration of over 16,500 new cos in September

Sun, Oct 24, 2021

Out of them, 7,73,070 companies were closed, 2,298 were assigned dormant status as per the Companies Act, 2013, 6,944 were under liquidation and 36,110 were in the process of being struck-off

WPI inflation rises to 11.39% in August due to costlier manufactured goods - Details here

WPI inflation rises to 11.39% in August due to costlier manufactu...

Tue, Sep 14, 2021

The wholesale price-based inflation rose marginally to 11.39 percent in August, mainly due to higher prices of manufactured goods, even as prices of food articles softened.

BIG NEWS for Exporters! Dues worth Rs 50,000 cr likely to be cleared SOON, Commerce Secretary B.V.R. Subrahmanyam tells Zee Business

BIG NEWS for Exporters! Dues worth Rs 50,000 cr likely to be clea...

Mon, Sep 06, 2021

BIG NEWS for the Indian exporters as the Narendra Modi Government is likely to soon clear dues of the stuck. The information was revealed by Commerce Secretary B.V.R. Subrahmanyam to Zee Business reporter Saurabh Pandey. The exporters have been urging the government to look in to the matter for months now

Centre Notifies RoDTEP scheme guidelines, rates to boost exports, competitiveness - marine, agriculture, leather, automobile, electronics, machinery sectors to benefit

Centre Notifies RoDTEP scheme guidelines, rates to boost exports,...

Tue, Aug 17, 2021

Export centric industries are being reformed and introduced to better mechanisms so as to increase their competitiveness, boost exports, generate employment and contribute to the overall economy. This will go a long way in achieving our vision of building an Aatmanirbhar Bharat

India's July YoY exports rise by over 47%

India's July YoY exports rise by over 47%

Mon, Aug 02, 2021

"Exports during April-July 2021 were $130.56 billion, up by 73.86 per cent over the same period of 2020 ($75.10 billion) and up by 21.85 per cent over same period of 2019 ($107.15 billion)."

India industrial land bank system: Integrated! GIS systems in 17 states - What property owners should know

India industrial land bank system: Integrated! GIS systems in 17...

Fri, Jul 09, 2021

The India industrial land bank system has been integrated with industry-based GIS systems of 17 states so far and will achieve pan-India integration by December 2021, the commerce and industry ministry said on Friday.

India's November exports marginally up, imports rise over 4%

India's November exports marginally up, imports rise over 4%

Sat, Dec 15, 2018

"Non-petroleum and non-gems and jewellery exports in November 2018 were $18.57 billion, as compared to $19.32 billion in November 2017, exhibiting a negative growth of 3.93 per cent."

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