Rs 7,350 Cr PLI Scheme Approved To Push Domestic Production Of Laptops, PCs
The Centre has approved a Rs 7,350-crore Production Linked Incentive scheme to encourage the domestic manufacturing of laptops, tablets, PCs, and servers. Aiming to attract global companies to boost the Indian manufacturing capacity, it will help generate 1.80 lakh jobs. While the scheme aims to scale up exports of the products to Rs 2.45 lakh crore in four years, reports also suggest that it has attracted tech giant Apple for manufacturing… read-more
Tags: business, PLI, Domestic Production, Laptops, Electronics, Ravi Shankar Prasad, Export, Made in India
Courtesy: NDTV
Andhra's Banana Export To Gulf Grows By 40K Metric Tons Since 2016
Andhra Pradesh's export of bananas has skyrocketed as the figures grew from 246 metric tons in 2016-17 to 45,000 metric tons in 2019-20. While Andhra’s growth-engine crop has reached the Gulf countries including UAE, Bahrain and Egypt, the state’s horticulture department cites enhanced value-chain development behind this. Reportedly, adoption of modern agriculture methods like tissue culture cropping, drip irrigation and the Kisan Rail helped… read-more
Tags: Banana, Andhra Pradesh, Export, Gulf Countries, UAE, Egypt
Courtesy: The New Indian Express
Maruti Suzuki Starts Export Of Much Awaited Off-Roader SUV Jimny
Automaker Maruti Suzuki recently exported the first consignment of 184 units of its offroad SUV Jimny to Latin American countries. Manufactured at the Gurugram plant, the three-door Made-in-India version will soon be transported to African and Middle-East markets. Equipped with 1.5L engine, Jimny comes with a 5-speed manual and 4-speed torque converter gear options. However, Maruti Suzuki’s much-awaited five-door version of Jimny is yet to be… read-more
Tags: Maruti Suzuki, Made in India, Jimny, Export, Off-Roader, SUV
Courtesy: Auto Car India
Sharad Pawar Says Country Needs Comprehensive Policy To Tackle Onion Price Rise
Sharad Pawar has requested the onion traders of Nashik to reopen auctioning of onions in APMCs. He attributed the rise in its prices to Centre's decisions to ban onion export and limiting the stocking up of onions by traders. He further said that he will speak with the Centre regarding the decisions and added that a comprehensive policy was the need. He also slammed the Centre for dropping onion from essential commodities list.
Tags: Sharad Pawar, Nashik , Onion, Export
Courtesy: Deccan Herald
Union Government Rolls Back Restrictions On Export Of N-95/FFP-2 Masks
To catalyze outbound shipping of N-95 masks, the Central Government on October 6 revoked the curbs over its export. Earlier, the country had restricted international trade of the masks to fulfill domestic demand. Reportedly, in August, a quota was fixed for its export. Commerce and Industry Minister Piyush Goyal tweeted, "India is making for the world: N95 and FFP2 masks can now be exported freely to countries across the world."
Tags: N95 masks, Export, Central Government, Piyush Goyal
Courtesy: Deccann Herald
Government Increases Time Limit For Sugar Mills To Export Mandatory Quota
The Centre on September 28 extended the deadline till December for sugar mills to export the least mandatory quantity of sugar this year. Reportedly, the extension has been granted since the mills faced logistics issues during the COVID-19 lockdown. Food Ministry's Joint Secretary Subodh Kumar Singh stated, “Out of 6 million tonnes, 5.7 million tonnes of sugar have been contracted. And about 5.6 million tonnes have been moved from mills.”
Tags: Sugar, Export, business, COVID
Courtesy: The Indian Express