Wait...
  1. Home >
  2. Export Import News >
  3. Import Business News >
  4. Import-driven industries to get special financial package: Nitin Gadkari >
  5. Import-driven industries to get special financial package: Nitin Gadkari

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Import-driven industries to get special financial package: Nitin Gadkari.


Date: 15-11-2019
Subject: Import-driven industries to get special financial package: Nitin Gadkari
Even after the flurry of sops given to various industries after the budget, Union MSME Minister Nitin Gadkari on November 14 said the government will create a special financial scheme for ten industry segments which are import-driven.

Since the budget in July, which was not received well by the market and the industry, the government has come out with a slew of initiatives to revive growth, which has hit a six-year low in the June quarter.

The biggest fiscal measure was the massive tax cut to the tune of Rs 1.45 lakh crore given to corporates.

Gadkari said the government has created a scheme to support industries where imports are high by providing special financial assistance.

"We have identified 10 sectors which are largely import-driven. We have worked on a scheme to support these sectors to upgrade their R&D and skill development and training, among others," Gadkari said at an Outlook Business event late this evening.

He said the intention was to reduce the dependence on imports and ensure indigenous development.

"We plan to create a special fund for providing financial assistance to these industries and ensure overall growth of our economy," Gadkari said.

However, he did not elaborate on these 10 sectors.

Gadkari also noted that there was a need to take measures to reduce air and water pollution.

"What we are seeing in Delhi today is a serious concern. There is an urgent need to take measures to adopt technology to reduce pollution. The government is ready to provide all the support, but we are expecting the corporates to come forward to help us tackle the situation," he added.

Source: moneycontrol.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 25-08-2020



Date: 06-07-2020
Notification No. 29/2020-Customs
Seeks to further amend notification no. 152/2009 dated 31.12.2009, to increase the rate of duty of customs on imports of Phthalic Anhydride originating in Korea RP and imported under the India-Korea Comprehensive Economic Partnership Agreement, on recommendation of preliminary findings of Directorate General of Trade Remedies under India-Korea Comprehensive Economic Partnership Agreement (Bilateral Safeguard Measures) Rules, 2017.

Date: 02-07-2020
Notification No. 55/2020 - Customs (N.T.)
Exchange Rates Notification No.55/2020-Custom (NT) dated 02.07.2020.

Date: 01-07-2020
Notification No. 58/2020 – Central Tax
Seeks to make eighth amendment (2020) to CGST Rules

Date: 30-06-2020
Notification No. 54/2020-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg.

Date: 30-06-2020
Circular No.31/2020-Customs
Extension of validity of AEO certification for ease of renewal process (Modification in Circular No. 27/2020 dated 02.06.2020) [Circular No. 31/2020 - Customs dated 30.06.2020].

Date: 30-06-2020
Notification No. 57/2020 – Central Tax
Seeks to amend notification no. 52/2020-Central Tax in order to provide conditional waiver of lat fees for the period from July, 2017 to July, 2020.

Date: 30-06-2020
PUBLIC NOTICE No. 11/2015-2020
Extension of validity of Recognition of Pre-shipment Inspection Agencies (PSIAs

Date: 29-06-2020
Trade Notice No. 17/2020-2021
Procedure and Criteria for submission and approval of applications for export of PPE Medical Coveralls for COVID-19

Date: 27-06-2020
Notification No. 55/2020 – Central Tax
Seeks to amend notification no. 35/2020-Central Tax in order to extend due date of compliance which falls during the period from "20.03.2020 to 30.08.2020" till 31.08.2020.



Exim Guru Copyright © 1999-2020 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001