Exports

Commerce and Industry Minister Suresh Prabhu is not fully satisfied on the 2019 export strategy and has called for special focus on boosting shipments to the African continent and Latin American markets given the huge growth potential.

The Commerce Ministry is working on a comprehensive strategy to boost the Micro, Small and Medium Enterprise (MSMEs) sector by granting new patents in record time.

Indian Micro, Small and Medium Enterprises (MSMEs) have the capability to compete with global companies and become a part of the fourth industrial revolution as they build on the support of various Government schemes.

Turkey’s Minister for Trade Ruhsar Pekcan hopes a Free Trade Agreement (FTA) between her country and India could be finalised soon to ensure sustainability in trade relations.

The Indian electronic-commerce (e-commerce) market was US$38.5 billion in 2018-19, a strong increase of 17% on 2017-18’s US$33 billion, according to a review by the National Association of Software and Services Companies (NASSCOM).

The landscape of food service retail industry is changing with forecast to have 77 billion transactions in 2022, up by an impressive 28.5% over 2017.

Keep India's stance firm in the context of tariff duties imposed by the US on certain Indian goods so as to send a strong message, Anand Sharma, Deputy Leader of Opposition in Rajya Sabha, has told the country's business leaders.

A critical driver for higher growth was competitiveness and the proposed new industrial policy aims to achieve this objective for India, said Ramesh Abhishek, Secretary, Department of Industrial Policy and Promotion (DIPP).

A government-appointed committee has recommended high speed multi modal connectivity, business services and utility infrastructure in re-designing Special Economic Zones (SEZs).

Tuticorin port development has been redesigned with a Rs.2,000 crore project to make it a deep-water port on the East West trade route, Shipping Minister Nitin Gadkari said on 12 Dec 2018.