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Ministry of Commerce and Industry News

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This project will add a third and fourth railway line alongside the existing route between Vadodara (Gujarat) and Ratlam (Madhya Pradesh) spanning 258.94 km, easing congestion on one of Western Railway's busiest corridors.
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According to the Ministry of Commerce and Industry, about 43 per cent of the new applicants are in the MSME sector which shows the confidence among MSMEs to become part of the value chain of manufacturing of components of ACs and LED lights. 
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The WPI food index consisting of 'food articles' from the primary articles group and 'food product' from the manufactured products group increased from 193.2 in August to 195.3 in September 2024. 
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Piyush Goyal said that a large number of stakeholders had availed benefits of NSWS right at the beta testing phase which is ongoing. He pointed out that NSWS had received nearly 76000 applications/requests and about 48000 approvals had been granted through NSWS. The minister noted that technical glitches in NSWS were as low as 514, meaning that the portal showed over 99 per cent efficiency.
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Ayush Industry has grown by 6 times from $3 billion to $18 billion in the last seven years since 2014. The event was organised by Services Export Promotion Council (SEPC) as the curtain raiser for 'Sanjeevani- India Heals 2022'. 'India Heals' is a Health and Wellness initiative supported by the Ministry of Commerce and Industry.
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The event is being hosted by DPIIT, Ministry of Commerce and Industry. The event marks the sixth anniversary of the launch of the 'Startup India' initiative.
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The minister said that more than 45,000 exporters will benefit from the clearance of dues. The amount of Rs 56,027 crore of arrears is for different export promotion and remission schemes. Goyal noted that there was a concern about large amounts due to exporters under various schemes.
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Talking about PM Modi's adage of ‘Jaan Bhi, Jahan bhi’, the Minister said that worst for the economy is over. Things are looking up, and revival is in the air.
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India International Trade Fair to begin in Delhi from Tuesday.
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FICCI with the support of ministry of commerce and industry, and Indian embassy in Algeria are organising the India Pavilion at the 48th Algiers International Trade Fair.






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