New Delhi, Feb 20 (IANS) The Centre’s Production Linked Incentive (PLI) Scheme has succeeded in attracting investments of over ₹2.16 lakh crore in the manufacturing sector and created more than 14.39 lakh direct and indirect jobs as on December 31, 2025, according to a statement issued by the Ministry of Commerce and Industry on Friday.Cumulative sales of manufacturing units set up under the scheme exceeded Rs 20.41 lakh crore, while total exports crossed Rs 8.3 lakh crore. The government ha…
Latest Ministry of Commerce and Industry News & Updates
New Delhi, Feb 12 (IANS) Calling upon India’s technology sector to reset its ambitions towards a trillion-dollar opportunity by 2035, Union Commerce and Industry Minister Piyush Goyal said on Thursday that the industry must embrace reimagination to stay ahead in an era defined by artificial intelligence, data centres and clean energy. Launching the NITI Frontier Tech Hub’s roadmap report titled “Reimagination Ahead” in the national capital, the Union Minister said India should target at least 10…
New Delhi, Feb 5 (IANS) The government has expanded the definition of startups to include deep technology firms as a separate sub-category as part of its revised guidelines to strengthen the Startup India programme for developing the country as a global innovation powerhouse, according to a Ministry of Commerce and Industry statement on Thursday.The new sub-category of “Deep Tech Startup” has been introduced for entities working on cutting-edge and breakthrough technologies. In recognition of th…
Shillong, Feb 3 (IANS) Meghalaya Chief Minister Conrad Sangma on Tuesday said the state has strategically reoriented its economic approach towards building sustained, long-term partnerships, citing the creation of a strong trade ecosystem that has successfully elevated indigenous products such as local pineapples and curcumin-rich Lakadong turmeric into high-value exports in global markets. The Meghalaya government, in partnership with the Federation of Indian Export Organisations (FIEO), Minist…
New Delhi, Jan 31 (IANS) The Indian Institute of Foreign Trade (IIFT) is playing an important role in shaping future leaders and further strengthening India’s presence in the global trading landscape, Minister of Commerce and Industry, Piyush Goyal, said on Saturday.IIFT has been ranked first in the ‘Times B-School Ranking 2026’, reaffirming its position as a premier institution in management education with a distinctive focus on international trade and global business.Goyal described the …
New Delhi, Jan 23 (IANS) The government on Friday said that five companies, selected in the fourth round under the PLI Scheme for White Goods, are expected to achieve a total production of Rs 8,337.24 crore and generate 1,799 additional direct jobs by FY 2027–28.The evaluation of 13 applications received in the fourth round under the PLI Scheme for White Goods has resulted in the provisional selection of five applicants, with a committed investment of Rs 863 crore, all engaged in the manufactu…
New Delhi, Jan 16 (IANS) On the occasion of National StartUp Day, Prime Minister Narendra Modi on Friday extended his best wishes to everyone associated with the startup ecosystem and said the day celebrates the courage, spirit of innovation and entrepreneurial zeal of the people of India. Taking to the social media platform X, the Prime Minister wrote, “Best wishes to everyone associated with the world of StartUps on the occasion of National StartUp Day. Today is special because we mark a dec…
New Delhi, Jan 15 (IANS) India’s total exports during the nine months this fiscal (April-December) is estimated at $634.26 billion, registering a positive growth of 4.33 per cent compared to $607.93 billion in April-December 2024, despite US tariffs and geo-political uncertainties, the government data showed on Thursday.India’s total exports (merchandise and services combined) for December is estimated at $74.01 billion. Merchandise exports during December were $38.51 billion as compared to …
New Delhi, Jan 15 (IANS) Startups are increasingly bridging India’s rural-urban divide by deploying solutions across agri-tech, telemedicine, microfinance, tourism, and ed-tech, directly addressing developmental gaps and supporting rural livelihoods, an official statement said on Thursday, ahead of the National Startup Day.Notably, women-led startups are emerging as a key driver of inclusive and regionally balanced growth, with more than 45 per cent of recognised startups having at least one-w…
New Delhi, Jan 10 (IANS) India and the European Union (EU) have reaffirmed the strong political resolve on either side to address pending issues through constructive engagement towards a mutually-beneficial free trade agreement (FTA), an official statement said on Saturday.During the latest ministerial-level discussions, both sides emphasised the strategic importance of concluding a fair, balanced, and ambitious agreement that aligns with their shared values, economic priorities, and commitment …