Surat, May 1 (IANS) The Gujarat government has allocated Rs 125 crore for the development of tourism in the Ukai catchment area, along with a focus on boosting the rural economy and generating employment, State Tourism Minister Dr Jayram Gamit said on Friday. Addressing a seminar on “Rural, Tribal and Wedding Tourism” at the Vibrant Gujarat Regional Conference (VGRC) held at AURO University in Surat, Gamit said rural tourism could play a central role in economic development.“The vision of …
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New Delhi, April 30 (IANS) Invest India, the National Investment Promotion and Facilitation Agency under the Centre’s Department for Promotion of Industry and Internal Trade (DPIIT), has facilitated the grounding of 60 projects worth over $6.1 billion across 14 states during the financial year 2025–26, which are expected to generate more than 31,000 jobs, according to an official statement issued on Thursday.Grounded investments have registered a nearly threefold growth over FY 2024–25, wh…
New Delhi, April 29 (IANS) India is targeting $2 trillion in total exports by 2030–31, comprising $1 trillion in merchandise exports and $1 trillion in services exports, the government said on Wednesday.The Department of Commerce has developed a structured Export Monitoring Framework, which breaks down the national target into sector-wise actions across Engineering Goods, Textiles, Electronics, Pharmaceuticals, Chemicals and Services, said Commerce Minister Piyush Goyal who chaired a high-leve…
Gandhinagar/Surat, April 29 (IANS) Preparations for the Vibrant Gujarat Regional Conference (VGRC) to be held in Surat on May 1 and 2 were reviewed in detail at a Cabinet meeting chaired by Chief Minister Bhupendra Patel in Gandhinagar, as the state moves to position the event as a key platform for regional industrial expansion and investment promotion. Following the meeting, government spokesperson and minister Jitu Vaghani said VGRC is intended to go beyond a conventional conference and act as…
New Delhi, April 21 (IANS) India-linked tariff refunds on exports to the United States are expected to be in the region of $10 to $12 billion after the US authorities opened a $166 billion claims window for customs duties imposed by the Donald Trump administration that were later struck down by the courts, according to a report by Global Trade Research Initiative.The refund process opened on April 20, and claims can be filed only by US-based importers, which means Indian exporters have no direct…
Jaipur, April 3 (IANS) Rajasthan Chief Minister Bhajan Lal Sharma on Friday said that ensuring waterway connectivity for the transportation and export of goods from industries within the state is among the top priorities of the government, and directed officials to prepare a comprehensive report to advance the proposed Jawai–Luni–Rann of Kutch National Waterway (NW-48).Chairing a meeting at the Chief Minister’s Office on National Waterway-48, Sharma instructed the Inland Waterways Authorit…
New Delhi, April 2 (IANS) The India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA), which completed four years on Thursday since it was first signed, has played a key role in propelling India’s exports and enhancing trade between the two countries.The agreement, signed on April 2, 2022, has created new opportunities for businesses, entrepreneurs, and employment in both countries over the last four years. India’s exports to Australia have more than doubled, rising from $4 b…
New Delhi, March 26 (IANS) Strong domestic consumption and rising investments are expected to help India maintain GDP growth above 7 per cent in the next financial year 2026–27, a report said on Thursday.The data compiled by Assocham noted that India’s GDP is expected to grow by 7.6 per cent in the financial year 2025-26, with growth likely to stay above 7 per cent in FY27 as well.This steady performance comes even as global economic conditions remain uncertain due to geopolitical tensions, …
Gandhinagar/Bharuch, March 25 (IANS) Bharuch district in Gujarat has strengthened its position as a leading centre for the chemical and petrochemical industry in the country, with around 1,394 industrial units operating across the region. According to state officials, more than 45 per cent of these units are chemical manufacturers, providing direct and indirect employment to nearly 2 lakh people.The district’s industrial growth has been driven by clusters in Ankleshwar, Panoli, Jhagadia, Dahej…
New Delhi, March 9 (IANS) A sustained rise in crude oil prices due to the US-Iran war will benefit upstream oil exploration companies, energy infrastructure companies and select refineries while pressuring oil‑sensitive sectors such as aviation, paints, tyres, chemicals and logistics, a report said on Monday.Apart from these sectors, the report from Axis Securities recommended overweight positions also in defence and infrastructure, adding that stocks in less oil-sensitive sectors such as bank…