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FDI norms in certain sectors likely to be eased under new government: DPIIT Secretary Secretary in Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh has said that India has recently relaxed foreign direct investment (FDI) norms in the space sector and there is a possibility of further FDI liberalisation in certain other areas when the new government will come to power. He said that in the last few years, India has liberalised FDI policy in many segments. India has one of the most liberal FDI policies in the world and in fact more liberal than m...
FDI norms in certain sectors likely to be eased under new government: DPIIT Secretary
FDI norms in certain sectors likely to be eased under new government: DPIIT Secretary
Source: Accord Fintech
2024-05-21 01:46:44 pm
India to regain its share in global trade on back of sustained growth rates: DPIIT Secretary  India was at 11th place in the world GDP rankings and today, the country is at the fifth position -- jumping six places in the last decade or so and it is only inevitable that we will go to the third spot in the next 2-3 years, Rajesh Kumar Singh, Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), said on Saturday. Speaking at a session on the second day of the 'CII Annual Business Summit 2024' in the national capital, Singh said that the country is i...
India to regain its share in global trade on back of sustained growth rates: DPIIT Secretary
India to regain its share in global trade on back of sustained growth rates: DPIIT Secretary
Source: IANS
2024-05-18 02:46:18 pm
Government-run ONDC facilitates 7.22 mn transactions in April, onboards over 5 lakh sellers  The government-run Open Network for Digital Commerce (ONDC) facilitated 7.22 million transactions in April and onboarded over 5 lakh sellers, Department for Promotion of Industry and Internal Trade (DPIIT) said on Friday. Among the 5 lakh sellers, more than 70 per cent are small or medium-sized sellers. At least 12 unicorns and over 125 startups have committed to onboarding ONDC to date, it was announced at the 'ONDC Startup Mahotsav' here. "The ONDC network has ra...
Government-run ONDC facilitates 7.22 mn transactions in April, onboards over 5 lakh sellers
Government-run ONDC facilitates 7.22 mn transactions in April, onboards over 5 lakh sellers
Source: IANS
2024-05-18 08:58:15 am
27 bulk drug park projects, 13 factories for medical devices inaugurated under PLI scheme Union Health Minister Mansukh Mandaviya on Saturday virtually inaugurated 27 greenfield bulk drug park projects and 13 greenfield manufacturing plants for medical devices under the production linked incentive (PLI) scheme. Addressing the inauguration event, Union Minister Mandaviya said, "It is noteworthy that today India has not only reduced its dependence on the import of medicines, API and medical devices, the country is also emerging as a major exporter of these products, thanks t...
27 bulk drug park projects, 13 factories for medical devices inaugurated under PLI scheme
27 bulk drug park projects, 13 factories for medical devices inaugurated under PLI scheme
Source: IANS
2024-03-03 09:02:12 am
EVs development, adoption to play major role in India`s transition to low carbon economy: Rajesh Kumar Singh Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh has said the vision to make India a developed nation by 2047 includes a major shift towards electric vehicles, supported by tax incentives, production linked incentive schemes, and the mandatory provision of charging infrastructure.  Singh said that the development and adoption of Electric Vehicles (EVs) play a pivotal role in India's transition to a low-carbon economy. He said that...
EVs development, adoption to play major role in India`s transition to low carbon economy: Rajesh Kumar Singh
EVs development, adoption to play major role in India`s transition to low carbon economy: Rajesh Kumar Singh
Source: Accord Fintech
2024-01-23 10:18:50 am
India`s logistics cost to not exceed 10% of GDP: DPIIT`s Secretary Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh has said the figure that India's logistics cost is 13 per cent of Gross Domestic Product (GDP) is probably not correct and as per initial indications, it would not exceed 10 per cent. Singh said they are in the process of conducting a fresh study, along with NCAER, to calculate India's logistics cost.?The government is working on a framework to assess the logistics cost in the country and is ex...
India`s logistics cost to not exceed 10% of GDP: DPIIT`s Secretary
India`s logistics cost to not exceed 10% of GDP: DPIIT`s Secretary
Source: Accord Fintech
2023-09-22 10:24:25am
Government looking at further easing FDI norms in space sector to attract overseas players: DPIIT secretary Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh has said that the government is looking at further easing foreign direct investment (FDI) norms in the space sector to attract overseas players. He said ?there is tremendous scope for collaboration such as in artificial intelligence, robotics, cyber security, automation and space, where we are looking to further liberalise our foreign direct investment norms to bring in private sector and forei...
Government looking at further easing FDI norms in space sector to attract overseas players: DPIIT secretary
Government looking at further easing FDI norms in space sector to attract overseas players: DPIIT secretary
Source: Accord Fintech
2023-09-12 12:57:53pm