Search Global Export Import Trade Data
Recent Searches: No Recent Searches

ET MSME Awards 2023: Shipping ministry working tirelessly to strengthen trade, says Sonowal.

Date: 12-12-2023
Subject: ET MSME Awards 2023: Shipping ministry working tirelessly to strengthen trade, says Sonowal
The Ministry of Shipping is one of the most important pillars of active trade and commerce, said the Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal.

Delivering a virtual keynote address at ET MSME Awards 2023, he said he is pleased to see that exporters are also being awarded for their contributions. “Forty-five per cent of the country’s industrial output and 40% of the total exports are done by MSMEs, demonstrating their indispensable role. It’s, therefore, fitting that ET Digital should reward the excellent MSMEs that power the country’s economy,” he said.

The award ceremony, recognising the country’s top MSMEs in 26 categories, was held on December 8 in Delhi. This was the fourth edition of the ET MSME Awards, which is built on its earlier avatar, ET Top MSME Rankings.

The minister lauded the MSME sector’s contribution to nation building. These companies have provided employment to millions of Indians and this demonstrates the weight of the economy rests on their shoulders. He pointed out that there are between 60 and 70 million micro, small and medium enterprises in the country, and these businesses are rightly called the backbone of the economy.

“This government, led by Shri Narendra Modi, places a lot of importance on MSMEs and it is heartening to see the role MSMEs are playing in nation-building,” he said.

Talking about initiatives from his ministry, he said that over the last 9 years it has worked tirelessly to strengthen trade through maritime routes.

“Our initiatives — the flagship programme of Sagarmala, our transformative initiative in the inland waterways sector, cruise tourism sector, coastal shipping modernisation and mechanisation of the sector, reforms in legislation and international cooperation — have created a harmonious ecosystem and propel the Indian maritime sector to global height,” he said in the recorded message.

The objective of the Sagarmala project, which was launched in July 2015, had been to reduce logistics cost for EXIM and increase domestic trade with minimal infrastructure investment. It is also aimed at developing coastal economic zones and providing employment opportunities. The project looks at leveraging India’s waterways and its 7,517-km coastline to enhance domestic and global supply chains.

The minister congratulated every winner and nominee in the gathering, and said the participants deserve an applause for being resilient and creating economic benefits.

The award function saw a gathering of various MSMEs, industry stakeholders, entrepreneurs, promoters and leaders. It also hosted fireside chats and brainstorming sessions.

The awards programme is an initiative of ET Digital, in association with Airtel Business as technology partner, Northern Arc as the silver partner and CareEdge as the knowledge partner.

Source Name : Economic Times 

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help

What is New?

Date: 12-04-2024
Seeks to extend the due date for filing of FORM GSTR-1, for the month of March 2024

Date: 10-04-2024
NOTIFICATION No. 08/2024- Central Tax
Seeks to extend the timeline for implementation of Notification No. 04/2024-CT dated 05.01.2024 from 1st April, 2024 to 15th May, 2024

Date: 08-04-2024
Notification No 07/2024 – Central Tax
Seeks to provide waiver of interest for specified registered persons for specified tax periods

Date: 04-04-2024
Notification No. 27/2024 - Customs (N.T.)
Exchange Rate Notification No. 27/2024-Cus (NT) dated 04.04.2024-reg

Date: 26-03-2024
Notification No. 24/2024 - Customs (N.T.)
Exchange Rate Notification No. 24/2024-Cus (NT) dated 26.03.2024-reg

Date: 14-03-2024
NOTIFICATION No. 17/2024-Customs
Seeks to amend notification No. 57/2017-Customs dated 30.06.2017 so as to modify BCD rates on certain smart wearable devices.

Date: 12-03-2024
NOTIFICATION No. 15/2024-Customs
Seeks to amend specific tariff items in Chapter 90 of the 1st schedule of Customs Tariff Act, 1975.

Date: 12-03-2024
NOTIFICATION No. 16/2024-Customs
Seeks to amend Notification No. 50/2017-Customs dated 30.06.2017 so as to change the applicable BCD rate on specified parts of medical X-ray machines.

Date: 07-03-2024
Notification No. 18/2024 - Customs (N.T.)
Exchange Rate Notification No. 18/2024-Cus (NT) dated 07.03.2024-reg

Date: 06-03-2024
Notification No. 13/2024-Customs
Seeks to amend notification No. 50/2017- Customs dated 30.06.2017, in order to reduce the BCD on imports of meat and edible offal, of ducks, frozen, subject to the prescribed conditions, with effect from 07.03.2024.

Exim Guru Copyright © 1999-2024 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.


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