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Tag: Nirmala Sitharaman

India Blames EU for Lukewarm Interest in FTA
Apparel and Textile News Global News Trade Info News

India Blames EU for Lukewarm Interest in FTA

India’s apparel exporters have been pushing for a Free Trade Agreement (FTA) with the European Union to regain lost markets. Commerce and industry minister Nirmala Sitharaman who chaired a consultation meeting with economists and media observers on ‘FTAs & India: The Way Forward’, blamed the EU for showing little interest in the trade pact. She […]

Zero Duty On Textiles In FTA Sought With Australia
Apparel and Textile News Global News

Zero Duty On Textiles In FTA Sought With Australia

For a free trade agreement (FTA) with Australia, India wants zero duty on textiles and some of the sectors. On its part, Australia is seeking tariff reduction in dairy products, fresh fruit, pharmaceuticals and wines. Union commerce minister Nirmala Sitharaman has said that negotiations on FTA are progressing substantially and the two countries are probably […]

Govt Clarifies FDI Position In E-Commerce
Apparel and Textile News Global News Trade Info News

Govt Clarifies FDI Position In E-Commerce

Commerce and industry minister Nirmala Sitharaman said in a written reply in Rajya Sabha that foreign investment in Business to Customer (B2C) e-commerce activities has been opened in a calibrated manner. She listed three circumstances under which an entity is permitted to undertake retail trading through e-commerce. First, a manufacturer is permitted to sell its […]

Easy Procedures To Boost Exports
Apparel and Textile News Trade Info News

Easy Procedures To Boost Exports

Commerce minister, Nirmala Sitharaman has said that the government will work with various departments including environment, textiles and finance for simplifying procedures of doing business in the country and boost exports. Many of the issues which are enablers to better exports have been identified, issues which may have a bearing on the forthcoming budget were […]

Karnataka For Rs 2.5 Lakh Cr. Investment In Global Meet
Apparel and Textile News

Karnataka For Rs 2.5 Lakh Cr. Investment In Global Meet

The Karnataka government is looking to attract twice the Rs 1.30 lakh crore investment it has wooed in the last two years at the upcoming global investors meet which will begin tomorrow. Chief minister, Siddaramaiah said with a thriving eco-system for investment the state’s expectations were “realistic”. Several mega investment projects would be announced at […]

Govt To Define E-Commerce For Clarity
Apparel and Textile News Trade Info News

Govt To Define E-Commerce For Clarity

The government is working on a proper definition to bring clarity on a host of issues including taxation for e-commerce companies in view of ‘very complex’ and ‘multi-layered’ business structure of these firms. Union commerce and industry minister, Nirmala Sitharaman said e-commerce is not a simple issue. She said state governments have given their inputs […]

E-Commerce
Apparel and Textile News Apparel Brands and Companies Ministry of Textiles News

Manufacturing Units Can Sell Products Through E-Commerce

Manufacturing units set up through foreign direct investment (FDI) can sell their products through retail including e-commerce platforms without any additional approval. This clarification was given by commerce and industry minister Nirmala Sitharaman in a written reply in Rajya Sabha, the upper house of Parliament. Mentioning the steps taken for effective expansion and foreign investment […]

Early Implementation Of FTA, CEPA Sought By TEA
Apparel and Textile News Ministry of Textiles News

Early Implementation Of FTA, CEPA Sought By TEA

The Tirupur Exporters Association (TEA) has urged the union commerce and industry minister, Nirmala Sitharaman to expedite the Free Trade Agreement (FTA) with the EU, the Comprehensive Economic Partnership Agreement (CEPA) with Canada and the Comprehensive Economic Cooperation Agreement (CECA) with Australia. Association president, A Sakthivel along with others met Sitharaman in Coimbatore and submitted a […]

FDI
Apparel and Textile News Apparel Brands and Companies Ministry of Textiles News

FDI In E-Commerce Retail Not Under Consideration

Allowing foreign direct investment (FDI) in India’s e-commerce retail sector is not among the plans being considered by the government at present, union commerce and industry minister, Nirmala Sitharaman has said. In a written reply to Rajya Sabha, she said, “No such proposal is under consideration of the government” At present the government is holding […]

Interest Subvention Scheme
Apparel and Textile News Ministry of Textiles News

Interest Subvention Scheme Soon

The centre will soon come out with an interest subvention (subsidy) scheme for exporters, commerce and industry minister, Nirmala Sitharaman has said at a function in New Delhi. She said the soon to be announced scheme would encourage sectors with high potential. In view of decline in exports in recent months, the ministry is discussing […]

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