New Delhi, April 16 (IANS) The Central government has notified the setting up of an SEZ by Tata Semiconductor Manufacturing Private Limited exclusively for electronic hardware and software, including IT/ITES, at Gujarat’s Dholera, the Ministry of Commerce and Industry said on Thursday.Spread across 66.166 hectares and poised to provide employment to 21, 000 persons, the SEZ is designed to support electronic hardware, software, and IT-enabled services, and includes enabling infrastructure and a d…
Latest Ministry of Commerce and Industry News & Updates
New Delhi, April 6 (IANS) The Government e-Marketplace (GeM) has recorded a cumulative Gross Merchandise Value (GMV) of Rs 18.4 lakh crore, including Rs 5 lakh crore transacted in the financial year 2025–26, the Ministry of Commerce and Industry said on Monday.Moreover, Micro and Small Enterprises (MSEs) accounted for 68 per cent of total orders placed on the platform during the year and 47.1 per cent of the total GMV.More than 11 lakh MSEs are registered on GeM and received over 51 lakh order…
New Delhi, April 2 (IANS) The government has decided to provide full customs duty exemption on critical petrochemical products till June 30, 2026, amid the ongoing conflict in West Asia and the consequent disruptions in global supply chains, Finance Ministry said on Thursday.The measure, said the ministry in a statement, has been taken as a temporary and targeted relief in order to ensure continued availability of critical petrochemical inputs for domestic industry, reduce cost pressures on down…
New Delhi, March 31 (IANS) The National Council for Cement and Building Materials (NCB) has signed a memorandum of understanding with Delhi Technological University (DTU) to strengthen research–academia collaboration and skill development in the domestic cement and construction sector, an official statement said on Tuesday.The collaboration will promote joint research and innovation in cement and concrete technologies, provide training opportunities for students, professionals and stakeholders…
New Delhi, March 23 (IANS) In view of the evolving geopolitical situation due to the Iran war and its implications for maritime trade, the Centre has decided to restore the rates and value caps under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme for all eligible export products with effect from March 23, according to a statement issued by the Ministry of Commerce and Industry on Monday. This step is intended to provide timely support to Indian exporters facing elevated f…
New Delhi, March 22 (IANS): A timely and strategic move by the government with the RELIEF initiative to support exporters amid global disruptions has strengthened trade resilience and ensured continuity by easing logistics, insurance, and cost pressures in a volatile geopolitical environment, apex business chamber CII said on Sunday.”For the manufacturing and chemicals sector, it comes as a crucial buffer against rising freight, insurance, and input costs, helping maintain production continuity …
New Delhi, March 21 (IANS) Three Indian pharmaceutical companies have launched generic versions of semaglutide injections, after the drug’s patent expired, offering lower‑cost options for patients managing Type 2 diabetes and obesity.The companies, namely Sun Pharma, Zydus Lifesciences, and Dr. Reddy’s Laboratories, launched their variants a day after Hyderabad-based Natco Pharma launched its generic semaglutide injection in India, priced at Rs 1,290 per month.Sun Pharma launched semaglutide…
New Delhi, March 19 (IANS) The Federation of Indian Export Organisations (FIEO) on Thursday welcomed the government’s timely announcement of the RELIEF (Resilience and Logistics Intervention for Export Facilitation) initiative under the Export Promotion Mission, aimed at supporting exporters impacted by the ongoing disruptions in West Asia maritime trade routes.Recent developments around the Strait of Hormuz and the wider Gulf region have led to significant challenges including vessel diversio…
New Delhi, March 19 (IANS) The time-bound Rs 497 crore RELIEF (Resilience and Logistics Intervention for Export Facilitation) scheme under the Export Promotion Mission (EPM) will support Indian exporters affected by extraordinary freight escalation, heightened insurance premia and war-related export risks arising from disruptions in the Gulf and wider West Asia maritime corridor, the government said on Thursday.The scheme has been structured to provide support across the export cycle by covering…
New Delhi, March 13 (IANS) The Ministry of Commerce and Industry on Friday said that India and the United States continue to remain engaged in discussions for a mutually beneficial bilateral trade agreement, rejecting media reports that suggested a pause in negotiations.In a statement, the ministry clarified that there has been no hold on bilateral engagement between the two countries.It said both sides are actively working towards a trade agreement that will benefit businesses and economic coop…