The Logistics Division of the Ministry of Commerce has emphasized the need for States and Union Territories (UTs) to prioritize the development of State-specific logistics policies to achieve their developmental aspirations.
India's tobacco exports are projected to grow by over 8 per cent this year, crossing Rs 13,000 crore, according to a senior government official. In 2023-24, outbound shipments stood at Rs 12,005.89 crore.
India has more than 73,000 startups with at least one-woman director, recognized under the Startup India, stated Ministry of Commerce & Industry on Wednesday.
Congress leader and Lok Sabha Leader of Opposition, Rahul Gandhi, on Wednesday, slammed the government and alleged that prioritising crony businesses over fair play is weakening the economy, as shown in the various indicators.
A day after the commerce ministry released trade data for November showing the highest-ever trade deficit of USD 37.8 billion. The Ministry of Finance highlighted the various initiatives taken by the ministry this year to boost trade with other countries.
India's overall exports, merchandise and services combined, in November were to the tune of USD 67.79 billion, a 9.6 rise on a yearly basis, Commerce Ministry data showed on Monday. Same month last year it was USD 61.85 billion.
India will oppose the Investment Facilitation for Development (IFD) proposal, which is led by China, at the World Trade Organisation (WTO), sources in the Commerce Ministry said on Tuesday.
Sunil Barthwal, Secretary, Department of Commerce, Ministry of Commerce and Industry, led a high-level delegation to Norway on November 22 to further advance the objectives of TEPA.
Commerce Secretary Sunil Barthwal was upbeat on the trade data and said, "It has been an extremely good month for us, and not only our overall export progress has been extremely good, but if you look at April to October, this has been the highest ever non-petroleum exports from this country
India's overall exports, merchandise and services combined, in October were to the tune of USD 73.21 billion, a 19.07 rise on a yearly basis, Commerce Ministry data showed on Thursday. Same month last year it was USD 61.48 billion.
Minister Piyush Goyal is set to fly to Saudi Arabia on a two-day visit starting Tuesday. The commerce ministry, in a statement, said Goyal's visit aims to further deepen the India-Saudi Arabia strategic partnership and explore new avenues of trade, investment, and economic cooperation.
India's exports, merchandise and services combined increased by 4.86 per cent year on year, standing at USD 393.22 for April-September 2024-25, as Commerce Ministry data showed on Wednesday.