Mumbai: We are here to celebrate generations of textile industrialists and we can make even further progress by support from old good banking sector of India, said Hon’ble Minister of Textiles and Women and Child Development, Smt. Smriti Zubin Irani, while inaugurating the TEXPROCIL Award Function.
Two industries in the manufacturing sector, capable of generating jobs in high-scale, are consistently leading India’s exports from the front. Pharma and textiles are these two industries that are not only fulfilling the country’s domestic demand but have a huge trade surplus due to high exports.
Kolkata, Jan 16 (KNN) The former Chief Economic Adviser (CEA) to the Centre, Ashok Lahiri, has said that while Goods and Services Tax (GST) will prove to be a game-changing reform over medium to long term, in short run it has proved to be ''messy and disruptive and poor in revenue performance".
During the first Session of India-Norway Dialogue on Trade & Investment (DTI) was convened in New Delhi on 15-16 January, India and Norway discussed ways to boost cooperation in range of sectors including Micro, Small and Medium Enterprises (MSMEs).
The sluggish global economy, along with the domestic slowdown, dented India's external trade as both exports and imports showed a downtrend in December.
In the upcoming Budget, the government may consider a hike in customs duty on over 300 items like toys, furniture, footwear, coated paper, rubber items among other, in a measure to help domestic Small and Medium Enterprises (SMEs).