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Commerce and Industry Ministry News

13 Jul 2022

New pact between India and Australia soon, duty-free access to traders: Goyal

ECTA needs ratification by Australian parliament. Agreement to provide duty-free access to the Australian market. 6,000 broad sectors of India to be benefitted.

26 Dec 2018

Govt toughens norms for e-commerce firms, bars exclusive deals

The revised 'policy on foreign direct investment in online retail' would be effective from February 2019.

Commerce and Industry Ministry

26 Sep 2017

Commerce ministry to set up regulatory review committee under DIPP

The ministry has also decided to take regular feedback from the industry on implementation of measures on ease of doing business.;/;

PM Narendra Modi

14 Jul 2017

PM Modi holds FDI policy's review meet

Commerce and Industry Minister Nirmala Sitharaman, among others, attended the meeting which was held at the Prime Minister`s residence.

India's trade deficit

14 Jul 2017

India's trade deficit narrows to $13 billion in June

Economists in a Reuters poll had predicted that trade deficit would decline to $12.5 billion in June compared with a provisional $13.84 billion in the previous month.

Department of Industrial Policy and Promotion (DIPP)

07 Jul 2017

DIPP to hold meeting next week on new FDI approval system

This is the first meeting on FDI approvals related issues after abolition of the Foreign Investment Promotion Board (FIPB), a ministry official said.

Commerce and Industry Ministry

20 May 2017

Govt working on new industrial policy for North East: Nirmala

The Commerce and Industry Ministry is working on a new policy for the industrial development of the North East states, Union Minister Nirmala Sitharaman said on Saturday.

05 Mar 2017

FDI in services sector up 77.6% in 9 months of FY'17

Foreign investments in the services sector increased 77.6 percent to USD 7.55 billion in the first nine months of the current fiscal, helped by government steps to improve ease of doing business.

15 Jul 2016

Gold imports drop over 38% in June to $1.2 billion

Gold imports plunged by 38.54 percent to USD 1.2 billion in June while inbound shipments of silver fell by more than a quarter in the month.

India's exports in June

15 Jul 2016

Exports snap 18-month downward spiral, rise 1.27% in June

Rising exports and decline in imports also brought down the trade deficit in June to USD 8.11 billion as against USD 10.82 billion in the year-ago month.

Ease of Doing Business

09 Nov 2015

DIPP working on aligning FDI policy with NIC code

All the economic activities are classified as per the NIC Code.

19 Jun 2015

CII inks MoU with Russian counterpart to boost eco ties

The chamber also said that during their interaction with Sitharaman, industry leaders raised the issue of possibility of Rupee-Rouble trade, financing for oil trade and barter trade in commodities.

15 Jun 2015

Vodafone India's $1.5 bn investment biggest in Apr-Feb FY15

As per the data available with Commerce and Industry Ministry for April-February period, Vodafone India's USD 1.5 billion investment in May 2014 was the biggest by any multinational company.

29 Mar 2015

'No Board of Trade meeting before FTP'

"There will be no such meeting this time. All the work is over for the FTP. The ministry has consulted all the stakeholders for the policy," a senior official told PTI.

18 Jan 2015

FDI in November dips 6% to $1.53 bn

Foreign direct investment (FDI) into India declined by over 6 percent year-on-year in November 2014 to USD 1.53 billion.

13 Jan 2015

IPR policy: Think tank to hold meetings on Feb 5

A think tank on intellectual property rights (IPR), constituted by the Commerce and Industry Ministry, would hold meetings with stakeholders on February 5 on its first draft report.

consolidated FDI policy

02 Jan 2015

Next edition of consolidated FDI policy to come out on Mar 31

The Commerce and Industry Ministry plans to release the next edition of its consolidated FDI policy document on March 31, incorporating all the changes made over the past year.

01 Jan 2015

FDI equity inflows rise 24% in Jan-Sep period

The Ministry also said total FDI into India, since April 2000 and September 2014, including equity inflows, reinvested earnings and other capital, stood at USD 345.29 billion.

Commerce and Industry Ministry

02 Nov 2014

Cipla-Novartis patent row: DIPP looking into merit of case

The Commerce and Industry Ministry is looking into the merit of Cipla's demand for revocation of patents of Swiss drug major Novartis for respiratory drug Indacaterol citing the need for public health access.

Foreign Trade policy

12 Aug 2014

Foreign trade policy 2014-19 very soon: Kher

The Commerce and Industry Ministry is expected to announce "soon" the new five-year foreign trade policy (2014-19) as it seeks to boost manufacturing and exports, among other things.

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