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RoDTEP Scheme Extended to E-Commerce Exports for Boost in Trade Benefits
Implemented three years ago, the RoDTEP scheme involves refunding non-creditable central, state, and local levies embedded in the inputs paid by exporters.Read more
Google strategically invests in India's MSME market, digital transformation initiatives
Acknowledging the challenge of limited credit access hindering MSME growth in India, Sanjay Gupta highlighted the country's underdeveloped MSME sector, contributing only 28 to 29% of GDP compared to 55 to 60% in the US and China.Read more
BCIC advocates manufacturing growth for India's export ambitions
Bangalore Chamber of Industry and Commerce (BCIC) asserted that India's manufacturing sector must increase its contribution to the country's GDP from 16.5% to 20% to achieve the ambitious export target of $8.3 trillion by 2047.Read more
Govt officials laud PLI Scheme success across industries, DPDP rules finalised soon
Secretary S Krishnan announced that the Digital Personal Data Protection (DPDP) rules would be finalized in a few weeks, emphasizing that the DPDP Act strikes a balance between regulation and the security of personal data, fostering innovation.Read more
PLI disbursements set to surge in Q4, may fall short of Rs 11,000 cr target though
Out of the total outlay of Rs 1.97 trillion for the PLI scheme initiated in 2020, Rs 2,900 crore was allocated to selected companies to meet production targets last year.Read more
Commerce minister extends investment invitation to Nordic-Baltic region, key market for exports
Addressing the CII India Nordic-Baltic Business Conclave 2023 in New Delhi, Goyal highlighted remarkable export growth rates to Finland and Norway.Read more
West Bengal opens doors to foreign investments in EV
The event, organised by the British Deputy High Commission in Kolkata in collaboration with the Bengal Chamber of Commerce and Industry, saw the participation of 11 UK-based companiesRead more
India plans sector-specific revisions to boost utilisation of $24 bn industrial incentives
Proposed modifications are targeted at the textiles, pharmaceuticals, drones, solar, and food processing industries, constituting nearly one-third of the PLI scheme.Read more
India explores free trade agreements to boost MSMEs' global procurement access
Many countries prioritise MSMEs in their public procurement, and India also supports its MSMEs by offering special purchase preferences.Read more
CII delegation explores enhanced trade ties with Taiwan
Convenor of CII Tamil Nadu Textile Panel, delved into areas of mutual interest such as man-made fabrics, sustainable and technical textiles.Read more
