The Agricultural and Processed Food Products Export Development Authority (APEDA), under the Ministry of Commerce and Industry, has accomplished a remarkable feat by boosting Indian mango exports to the USA by 19 per cent in the fiscal year 2023-24. Efforts of the Indian agricultural sector, in collaboration with the Ministry of Agriculture and Farmers Welfare […]
The market for Indian textiles and apparel manufacturers could reach USD 350 billion by 2030, owing to the long-term positive outlook for the Indian economy and a strong focus on emerging areas such as technical textiles, home furnishing, specialised fabrics and fashion apparel, according to the FICCI-Wazir Advisors report. “The transformational change for the textile […]
The Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry has been actively engaged in identifying key products for the issuance of Quality Control Orders (QCO) in collaboration with the Bureau of Indian Standards (BIS) and industry stakeholders. This extensive effort has resulted in the development of over […]
Amid the ongoing festive season, experts have said that business loans to India’s cash-strapped micro, small and medium enterprises (MSMEs) are likely to rise by 20 per cent and the sector’s revenue is expected to increase significantly. A number of high-frequency indicators such as goods and services (GST) revenues signal a record-breaking high in consumer […]
Union Minister of Textiles, Commerce & Industry, Consumer Affairs and Food & Public Distribution Piyush Goyal lauded industry bodies of the textile sector for their initiative in organising Bharat Tex 2024- the world’s biggest ever textiles event in the world. He was presiding over the curtain raiser event for the show at Vanijya Bhavan, New […]
Alphabet Inc will manufacture its Pixel smartphones in India, the company announced on Thursday at the ‘Google for India 2023’, the ninth edition of its annual India-specific event. The devices, starting with Pixel 8, are expected to begin rolling out in markets from 2014, Rick Osterloh, senior vice president of devices and services, Google, said […]
In a significant development meant to provide relief to consumers and companies, the government has announced a cut in windfall taxes on important petroleum products, including crude oil, aviation turbine fuel (ATF), and diesel. The country’s fiscal policy will alter with the implementation of these tax cuts tomorrow. The windfall tax on petroleum crude would […]
India raised the price at which it buys locally produced new-season wheat by Rs 150 or 7 per cent to encourage farmers to expand the growing area as New Delhi tries to increase production. India, the world’s second-biggest wheat producer, sets a price each year to protect domestic farmers from distress sales and stock grain […]
Union Minister Prahlad Patel on Wednesday said that the second edition of the global mega food event, World Food India 2023, will be held from 3-5 November 2023 at Pragati Maidan in Delhi. The event will be inaugurated by Prime Minister Narendra Modi on November 3, and President Droupadi Murmu will present the valedictory address […]
India has extended the restrictions on the export of sugar beyond October 31, 2023, and until further orders, according to a notification by the Directorate General of Foreign Trade issued on Wednesday. The raw sugar, white sugar, refined sugar, and organic sugar are under export restrictions. The restriction is, however, not applicable to sugar being […]
