Exports from SEZs grew 18% in February 2018
The Dollar Business Bureau India’s exports from the Special Economic Zones (SEZs) has witnessed an increase of 18% in the month of February this year as compared to the same month last year, on the back of a good growth in the shipments of electronics, non-conventional energy products and tobacco related products. “The SEZ sector in the country has registered 18% growth in exports in February 2018 vis-a-vis the same period in 2017,” according to the latest Exports Performance Report released by the Export Promotion Council for EOUs & SEZs (EPCES). “In February, the total exports from all the SEZs amounted to Rs.22364 crore as against Rs.18990 crore in the same month last year,” the report said. The major sectors that witnessed a significant ...
A little bit of push can do wonders for SEZs: Vinay Sharma, EPCES
Ahmad Shariq Khan Apart from doing justice to its given mandate of earning precious foreign exchange for the country, the units in SEZs and the EOUs are playing a critical role not just in economic development of the country but also in nation building, and with a little push the sector can do wonders for the country’s economy, said Vinay Sharma, Acting Chairman, Export Promotion Council for EOUs and SEZs (EPCES). According to Sharma, unlike many Govt projects that have so far made not much progress including the recently announced manufacturing hubs that have long gestation periods and the coastal manufacturing hubs that are yet to see the light of the day, SEZs offer ease of doing business (EODB) in the true ...
Indian auto industry to grow more than 3.5 times by 2026
By Aamir H Kaki The Heavy Industries Secretary Girish Shankar on Thursday said that the Indian auto industry will grow by 3.5 times, from the output of around Rs.464,000 crores in 2015 to above Rs.16-19 lakh crore by 2026. “We have finalised the next Automotive Vision Plan 2016-2026, as has been the case with the previous one, combined efforts of the government of India and the industry, we chart a growth path that we jointly seek to achieve,” Shankar said, while speaking at the 2nd ASSOCHAM Auto Forum & Awards 2017 in New Delhi. “This Vision Plan also seeks to define the trajectory of the evolution of the automotive eco system in India including deadline of specific regulations and policies that govern a ...
GJEPC to set up training institute in Udupi to boost sector
The Dollar Business Bureau Foraying into the field of education and training for the first time Southern India, Gem and Jewellery Export Promotion Council (GJEPC) is establishing Indian Institute of Gems and Jewellery (IIGJ) at Udupi in the state of Karnataka in collaboration with the National Institute of Design (NID), Ahmedabad. This training institute will be a part of the series of institutes and facility centres which will be established by GJEPC all over the country. The foundation stone for the premier training institute was laid by Commerce and Industry Minister Nirmala Sitharaman on Friday. Speaking on the occasion, Sitharaman said, “Across the globe, the best of jewellery pieces are handmade. Global retail giants like Cartier, Boucheron or Van Cliff command premium prices for ...
GST alone will add 2 percentage points to GDP growth
By Manishika Miglani It’s been three years since the Narendra Modi-led government came into power and announced a slew of measures to revive the investment climate of the country since then. In an interview with The Dollar Business, G.V.L. Narsimha Rao, Spokesperson, BJP, talks about the performance of the government, so far, and the party’s roadmap for further leveraging the business sentiment of the nation. TDB: The government has focussed on consolidating the investment scenario of the country? Has it been successful in achieving its targets? G. V. L. Narsimha Rao (GVL): At a time when global FDI inflows have turned negative, India has experienced the highest growth in the sector in the last three years. So, our government has been very successful ...
Jharkhand signs MoU with Microsoft to leverage the cloud technology
The Dollar Business Bureau The state government of Jharkhand and Microsoft India on Friday signed a Memorandum of Understanding (MoU) to leverage cloud technology in order to drive the digital ambitions of the state. This MoU will support the government of Jharkhand to explore cloud, mobile-based solutions and machine learning to improve people services and offer better facilities in the areas of agriculture and education, according to a statement by Microsoft India. The pact was inked at the Momentum Jharkhand Global Investors Summit held between February 16–17, 2017 in Ranchi. The state government has been utilising modern IT infrastructure to deliver citizen services and for driving technology-led schemes such as Digital India and Skill India. The MoU will support the government to access the finest ...
Do not let demographic dividend becoming liability: President
Source: PTI President Pranab Mukherjee said government needs to focus on skill development to prevent the demographic dividend from becoming a liability and an explosive situation. He said that India is a population of 1.28 billion and this population is increasing substantially. "More often we use one phrase India's advantage - demographic dividend. Why do we use this phrase demographic divided because India has the largest number of working age population in the world," he said while inaugurating the first edition of 'India Skills' in New Delhi on Friday. "This question is staring at us, unless we handle it appropriately and in time, this population dividend may be population liability and the situation may be explosive...either it is to be defused ...
Indian economy is firmly on path of revival: FM
The IT industry urged the government to continue taking measures to facilitate exports, ease of doing business and rationalise tax procedures The Dollar Business Bureau The Union Minister for Finance Arun Jaitley holding the pre-Budget Consultation Meeting with the representatives of IT (Hardware & Software) Sector, in New Delhi on Thursday. Indian economy has emerged as one of the fastest growing economies in the world with its GDP growth at 7.3% in 2014-15 compared to 6.9% in 2013-14 and 5.1% in 2012-13, indicating that the country is firmly on path of economic revival, Finance Minister Arun Jaitley said. Speaking at the 4th pre-budget consultative meeting with the representatives of IT industry on Thursday, the Finance Minister said the government has included the electronic ...
