New Delhi, July 27 (IANS) The government on Monday announced the setting up of a task force to support the toy sector and identify interventions towards achieving the goal of reaching a 5 per cent share in the global toy market by 2032.The task force will work towards achieving six objectives — integration with global value chains, strengthening manufacturing capabilities, resolving value chain bottlenecks, creating skilled workforce and employment, enabling design and innovation, and enhancin…
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New Delhi, July 23 (IANS) The government on Thursday allowed foreign direct investment (FDI) in the inventory-based model of e-commerce exclusively for exports, a move aimed at boosting outbound shipments of Indian-made products by providing domestic sellers easier access to global markets without affecting the interests of small retailers.The Department for Promotion of Industry and Internal Trade (DPIIT), in a Press Note, said it has reviewed the existing FDI policy to facilitate greater expor…
Amaravati, July 21 (IANS) The YSR Congress Party on Tuesday claimed that the Centre has exposed the TDP-led coalition government’s ‘investment mirage’ in Andhra Pradesh. The YSRCP said that the coalition government’s relentless publicity campaign claiming lakhs of crores of investments and lakhs of jobs in Andhra Pradesh has been exposed by the Union government’s own data placed before Parliament.Contrary to the grand claims repeatedly made by Chief Minister N. Chandrababu Naidu and the coal…
New Delhi, July 21 (IANS) The government’s Production Linked Incentive (PLI) schemes have attracted actual investments of more than Rs 2.40 lakh crore, generated over 14.15 lakh direct and indirect jobs, and enabled exports worth Rs 15.2 lakh crore across 14 key sectors as of March 31, 2026, Parliament was informed on Tuesday.In a written reply in the Lok Sabha, MoS for Commerce and Industry Jitin Prasada said the PLI schemes, launched with an approved financial outlay of Rs 1.91 lakh crore.The …
New Delhi, July 20 (IANS) India’s Index of Core Industries (ICI) recorded a 5 per cent growth in June this year compared with the same month of the previous year, driven by a surge in the production of iron ore, electricity and cement, according to the new series data released on Monday. The Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade (DPIIT), has released the revised series of the ICI with the Base Year 2022-23 for the first time. The new series wil…
New Delhi, July 17 (IANS) The Department for Promotion of Industry and Internal Trade (DPIIT) will release the revised series of the Index of Core Industries (ICI) with a new base year of 2022–23 on 20th July 2026, which will replace the existing ICI series that has 2011–12 as its base year, according to an official statement issued on Friday.The ICI is compiled on a monthly basis. The release, by the DPIIT Economic Adviser’s office, will include the provisional ICI for June 2026 along wit…
New Delhi, July 10 (IANS) Commerce and Industry Minister Piyush Goyal on Friday chaired a review meeting with officials of the National Productivity Council (NPC) with a focus on improving inter-departmental collaboration, strengthening institutional capacities, and adopting best practices to enhance productivity and service delivery.The minister also reviewed initiatives aimed at building a more integrated, efficient, and future-ready administrative framework.The NPC is working on a forward-loo…
New Delhi, July 9 (IANS) The Department for Promotion of Industry and Internal Trade (DPIIT) has introduced amendments to two Quality Control Orders (QCOs) relating to the footwear sector with the objective of facilitating ease of doing business and strengthening the domestic footwear manufacturing ecosystem, according to an official statement issued on Thursday. Under the amendments, the timeline for clearance of legacy footwear stock has been extended by a year from July 31, 2026, to July 31, …
New Delhi, July 3 (IANS) Seven Indian startups — selected under the Department for Promotion of Industry and Internal Trade (DPIIT)-backed FICCI Mercedes-Benz Bharat Innovation & Business Ideas Challenge Programme — will receive structured post-funding mentoring and handholding support to accelerate their growth and improve investment readiness, the Ministry of Commerce & Industry said on Friday.Each of the seven startups has been awarded funding of Rs 30 lakh after emerging successful…
New Delhi, June 28 (IANS) Direct employment generated by recognised Indian startups has reached 23.36 lakh, reflecting a 36.1 per cent year-on-year surge in job creation, according to an official statement.Nearly 48 per cent of all recognised startups feature at least one woman director or partner, underscoring the inclusive character of India’s innovation growth.With over 2 lakh DPIIT-recognised startups (as of December 2025), India stands firmly as one of the world’s largest startup ecosyste…