168% growth in FDI equity inflow in first three months of FY 2021-22 as compared to same period last year: Piyush Goyal

Ministry of Commerce & Industry:

Measures taken by the Government on the fronts of FDI policy reforms, investment facilitation and ease of doing business have resulted in increased FDI inflows into the country.

The following trends in India’s Foreign Direct Investment are an endorsement of its status as a preferred investment destination amongst global investors:

India has attracted total FDI inflow of US$ 22.53 billion during first three months of 2021-22, i.e. April, 2021 to June, 2021 which is 90% higher as compared to first three months of 2020-21 (US$ 11.84 billion).

FDI equity inflow grew by 168% in the first three months of F.Y. 2021-22 (US$ 17.57 billion) compared to the year ago period (US$ 6.56 billion).

‘Automobile Industry’ has emerged as the top sector during the first three months of F.Y. 2021-22 with 27% share of the total FDI Equity inflow followed by Computer Software & Hardware (17%) and Services Sector (11%) respectively.

Under the sector `Automobile Industry’, majority of FDI Equity inflow (88%) was reported in the state of Karnataka during the first three months of the current financial year (2021-22).

Karnataka is the top recipient state during the F.Y. 2021-22 (upto June, 2021) with 48% share of the total FDI Equity inflows followed by Maharashtra (23%) and Delhi (11%).

Cabinet approves highest ever Fair and Remunerative Price of 290 Rs/quintal for Sugarcane Farmers for a basic recovery rate of 10%

PIB :

Cabinet approves highest ever Fair and Remunerative Price of 290 Rs/quintal for Sugarcane Farmers for a basic recovery rate of 10%

Decision to benefit 5 crore sugarcane farmers and their dependents, as well as 5 lakh workers employed in sugar mills and related ancillary activities

We are setting up two separate divisions in the Ministry of Commerce & Industry focused on the services sector: Piyush Goyal

We are setting up two separate divisions in the Ministry of Commerce & Industry focused on the services sector.

Our effort is to take services export from present level of ~$200 Billion to $1 Trillion by the time we achieve our goods exports target of $1 Trillion.

Piyush Goyal – Union Minister

The transformational journey of Trademark registrations in India: Piyush Goyal

There have been 14.2 lakh trademark registrations in four years between 2016-2020.

Compare this to the 11 lakh trademark registrations during 75 years from 1940-2015.

This is the transformational journey of Trademark registrations in India.

Piyush Goyal – Union Minister

21 unicorns in last 6 months inspire all to Dream Big & achieve bigger: Piyush Goyal

Piyush Goyal – Union Minister:

Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles, Shri Piyush Goyal chaired the virtual meeting of  “National Startup Advisory Council here today.

While addressing the meeting, the Minister said that implementation of ideas of Financing, Mentorship, Taxation etc. will enable us to strengthen our startup ecosystem further.

He said our startup ecosystem is a reflection of our youth’s Energy, Enthusiasm and Agility and Startup India movement has brought a ‘change in mindset’ from ‘can do’ to ‘will do’. 

In his address, he said that our startup ecosystem has the potential & promise to make India the Innovation & Invention hub of the world and National Startup Advisory Council has been working tirelessly to pave the way  forward for budding Startup Entrepreneurs in India.

Shri Goyal said that NSAC will nurture Startups to aim for higher Competitiveness & make India the Startup Capital.  He urged that in the 75 weeks of Azadi ke Amrit Mahotsav, NSAC should facilitate 75 startups to become unicorns by the 75th Independence Day.

He further added that the Prime Minister’s mantra of ‘Sabka Saath, Sabka Vikas, Sabka Vishwas aur Sabka Prayas’ finds resonance with our startups. He said our aim is to make ‘Startup India’ a symbol of National Participation & National Consciousness. 

In this age of COVID-19, when everyone is overcoming severe stress, he said that he was happy to see the resilience & ‘never say die’ spirit of our startup ecosystem. The Minister said the 21st century is the ‘Century of Startups’ & with our Startups it is the ‘Century of India’.

He said 21 unicorns in last 6 months inspire all to Dream Big & Achieve Bigger. With nearly 60 unicorns, India has one of the largest startup stable in the entire world. 

The Minister urges to start a STARTUP revolution, he said with NEP 2020, schools will now sow the seeds of      startup ideas at a young age. He said youth are job creators of tomorrow and drivers of innovation & leaders of 4th Industrial Revolution.

Shri Goyal said that he wanted to see new startups emerge across India especially in Tier II & Tier III cities. He said, this will catalyze employment generation & strengthen forward & backward linkages.

Shri Goyal asked DPIIT to now act as a ‘Facilitator’ with Open doors, Open Arms & Open Mind. He said that Government is committed to cut red tape, improve Ease of Doing Business  provide financial assistance through Startup seed  fund, supporting incubators, enhancing skills and this holistic approach has intended to resolve the issues relating to capital mobilization, support innovation with tinkering labs, & meet the capacity &  capability requirements of startups. 

Our aim must be to make our startups grow beyond our   geographical boundaries & create global impact .

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Held a review meeting with representatives of the Bicycle Industry: Piyush Goyal

Held a review meeting with representatives of the Bicycle Industry for making it more cost competitive & Aatmanirbhar.

Deliberated on creating an ecosystem for increasing domestic adoption & strengthening the export competitiveness of our Bicycle Industry.

piyush goyal – union minister

Work out possibilities for providing kapas plucking machines to the cotton farmers through Start-ups established by way of availing Mudra Loan: Piyush Goyal

Ministry of Textiles:

After taking over charge of the Ministry of Textiles, Shri Piyush Goyal made a maiden visit to the Office of the Textile Commissioner, Mumbai to review the textile sector schemes and their progress and suggested measures to speed up the implementation.

The Minister took review of the various schemes/activities implemented/undertaken by the Office of the Textile Commissioner, Textiles Committee, Cotton Corporation of India Ltd, Export Promotion Councils and Textile Research Organizations. The Minster of State for Textiles Smt. Darshana Jardosh, was also present in the meeting. Shri U.P. Singh, Secretary (Textiles) and Shri V. K. Singh, Additional Secretary joined the meeting from New Delhi through Video Conferencing.

During the course of his interaction, the Minister emphasized the need for close liasoning and co-ordination between the Government agencies and the local elected representatives for making a congenial atmosphere in implementing the various Government initiatives.

The Minister opined that the applications received under subsidy-oriented schemes should be processed in a transparent manner using automation keeping in view the broad objective of each scheme and necessary mechanism should be devised so that personal contact of industry and department can be eliminated and standardized process free of discretion.

Special dispensation for MSME to be done for recorded reasons. For accelerating the progress of TUF scheme, he suggested that the major issues to be outlined and deliberations with the stakeholders including Banks may be arranged to resolve the issues once forever. 

He also suggested that formats for submission of Statutory Returns from industry may be simplified. He emphasized on rationalization and optimal use of manpower of Office of the Textile Commissioner and Textiles Committee.

The Minister highlighted the need for stepping up the productivity of cotton and necessary initiatives to be taken up with the Ministry of Agriculture and Farmers Welfare.

The Cotton Corporation of India to work out possibilities for providing kapas plucking machines to the cotton farmers through Start-ups established by way of availing Mudra Loan and special models to be developed for supporting small players.

Shri Goyal emphasized the issue of elimination of child labour in the Textiles Sector and suggested to convene a meeting with stakeholders for making a strategic plan.

While reviewing the activities of export promotion councils, the Minister of Textiles suggested broad based industry interaction for developing country oriented comprehensive trade agreement. Also, develop Financial Instruments to have backstopping to industry, which are not subsidy focused and enable stable credit flow from banks through such a guarantee, added the minister.

The minister also emphasized the need for development of futuristic value-added products and its exhibition. He viewed the need for developing the technical textiles for use of wagon covers and optimal utilization of National Technical Textiles Mission to leverage our strengths and address market requirements. He also stressed the need to brand Pashmina wool internationally. Further, he urged Textile Research Associations to become self-sufficient instead of depending on Government grants.

Addressing the media after the meetings, the Minister said that Textiles sector is the biggest employer as well as the biggest exporter. He said that the sector can play a very important role in fulfilling the Prime Minister’s vision of doubling farmer’s income, creating job opportunities for youth and enabling every Indian citizen to live a life of self-reliance and self-respect.

India’s merchandise exports in June 2021 was $ 32.5 bn, an increase of 30% over $ 25 bn in June 2019: Piyush Goyal

Interacted with media on the recent achievements & initiatives of Ministry of Commerce & Industry.

These will further drive economic growth, boost exports & create an ecosystem for industry to thrive.

India’s merchandise exports in June 2021 was $ 32.5 bn, an increase of 30% over $ 25 bn in June 2019.

PM Narendra Modi ji’s vision for Aatmanirbhar Bharat has given a boost to exports, despite COVID-19 challenges.

Furthering PM Narendra Modi ji’s vision of Aatmanirbhar Bharat, Startup India is scaling new heights with over 50,000 startups across India

India’s ranking for Ease of Doing Business has also significantly improved.

Growth in patents & trademarks is indicative of a self reliant India

Dragon fruit goes to Dubai: Piyush Goyal

Dragon fruit goes to Dubai: In a major boost to export of exotic fruits, a consignment of the fibre & mineral rich Dragon Fruit (Kamalam) sourced from farmers of Sangli, Maharashtra has been exported to Dubai.

Piyush Goyal – Union Minister

Ministry of Commerce & Industry:

In a major boost to export of exotic fruit, a consignment of fibre and mineral rich ‘Dragon Fruit’, also referred as Kamalam, has been exported to Dubai.

A consignment of Dragon Fruit for exports was sourced from the farmers of Tadasar village, Sangli district, Maharashtra and it was processed and packed at APEDA recognized exporter – M/s Kay Bee.

Scientifically referred to as Hylocereusundatus, the dragon fruit is grown in countries such as Malaysia, Thailand, the Philippines, the USA and Vietnam.

Dragon fruit production commenced in India in early 1990s and was grown as home gardens.

Dragon Fruit has become increasingly popular in recent years in the country as it has been taken up for cultivation by farmers across various states.

At present, dragon fruit is grown mostly in Karnataka, Kerala, Tamil Nadu, Maharashtra, Gujarat, Odisha, West Bengal, Andhra Pradesh, and Andaman and Nicobar Islands.

The cultivation requires less water and can be grown in various kinds of soils. There are three main varieties of dragon fruit: white flesh with pink skin, red flesh with pink skin, and white flesh with yellow skin.

Prime Minister Shri NarendraModi in ‘Mann Ki Baat’ programme in July 2020 on All India Radio had mentioned about the dragon fruit farming in the arid Kutch region of Gujarat. He had congratulated the farmers of Kutch for the cultivation of fruit for ensuring India’s self-sufficiency in the production.

The fruit contains fiber, vitamins, minerals, and antioxidants. It can help in repairing the cell damage caused by oxidative stress and reduce inflammation, and also improving the digestive system. Since the fruit has spikes and petals resembling lotus, it is also referred as ‘Kamalam’.

APEDA promotes exports of agricultural & processed food products by providing assistance to the exporters under various components such as Infrastructure Development, Quality Development and Market Development. Apart from this the Department of Commerce also supports exports through various schemes like Trade Infrastructure for Export Scheme, Market Access Initiative etc.

We aim to ensure reciprocity & fair trade in all our Free Trade Agreements: Piyush Goyal

Reviewed the existing as well as proposed Free Trade Agreements with different countries.

We aim to ensure reciprocity & fair trade in all our agreements.

This will further the interest of our domestic industry and strengthen India’s integration with Global Value Chains.

PIYUSH Goyal – union Minister

India has attracted total FDI inflow of $6.24 bn during April 2021, which is 38% higher than April 2020: Piyush Goyal

Solidifying our position as a preferred investment destination, India has attracted total FDI inflow of $6.24 bn during April 2021, which is 38% higher than April 2020. 60% increase in FDI equity inflows also registered during the same period.

Piyush goyal – union minister

Measures taken by the Government on the fronts of Foreign Direct Investment (FDI) policy reforms, investment facilitation and ease of doing business have resulted in increased FDI inflows into the country.

The following trends in India’s Foreign Direct Investment are an endorsement of its status as a preferred investment destination amongst global investors:

India has attracted total FDI inflow of US$ 6.24 billion during April, 2021 and it is 38% higher as compared toApril, 2020 (US$4.53 billion).

During April, 2021 FDI Equity inflows amounting to US$ 4.44 billion were reported in the country which is an increase of 60% over the FDI Equity inflow of April, 2020 (US$ 2.77 billion).

During April, 2021, Mauritius is the top investing country with 24% of the FDI Equity inflows, followed by Singapore (21%) and Japan (11%).

‘Computer Software & Hardware’ has emerged as the top sector during April, 2021 with around 24% share of the total FDI Equity inflow followed by Services Sector (23%) and Education Sector (8%) respectively.

Karnataka is the top recipient state during April, 2021 with 31% share of the total FDI Equity inflows, followed by Maharashtra (19%) and Delhi (15%).

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Reviewed the construction of Vanijya Bhawan: Piyush Goyal

Reviewed the construction of Vanijya Bhawan and directed to complete the work within stipulated time.

This state of the art office building will enhance the efficiency and functioning of the Ministry of Commerce & Industry.

PIYUSH GOYAL – UNION MINISTER

196 Oxygen Express trains have completed their journey so far, providing almost 800 MT of Oxygen to the Nation each day now: Piyush Goyal

Oxygen Express has delivered nearly 11,800 MT of Oxygen in more than 727 tankers across India

196 Oxygen Express trains have completed their journey so far, providing almost 800 MT of Oxygen to the Nation each day now.

piyush goyal – union railway minister

Ministry of Railways:

Overcoming all hurdles and finding new solutions, Indian Railways is continuing its journey of bringing relief by delivering Liquid Medical Oxygen(LMO) to various states across the country.

So far, Indian Railways has delivered nearly 11800 MT of LMO in more than 727 tankers to various states across the country.

It may be noted that 196 Oxygen Expresses have completed their journey so far and brought relief to various States.

Till the time of this release, 11 loaded Oxygen Expresses on run with more than 717 MT of LMO in 43 tankers.

Oxygen Expresses have been delivering nearly 800 MT of LMO to the Nation each day for last few days.

It is Indian Railways endeavour to deliver as much LMO as possible in the shortest time possible to the requesting states.

Oxygen relief by Oxygen Expresses reached out to 13 states namely Uttarakhand, Karnataka, Maharashtra, Madhya Pradesh, Andhra Pradesh, Rajasthan, Tamil Nadu, Haryana, Telangana, Punjab, Kerala, Delhi & Uttar Pradesh.

Till the time of this release, So far 521 MT of Oxygen has been offloaded in Maharashtra, nearly 2979 MT in UP, 498 MT in MP, 1507 MT in Haryana, 653 MT in Telangana, 97 MT in Rajasthan, 481 MT in Karnataka, 200 MT in Uttarakhand, 440 MT in Tamil Nadu, 227 MT in Andhra Pradesh, 81 MT in Punjab, 117 MT in Kerala and more than 3978 MT in Delhi.

Running of new Oxygen is a very dynamic exercise and figures keep getting updated all the time. More loaded Oxygen Expresses are expected to start their journeys later in the night.

Railways has mapped different routes with Oxygen supply locations and keeps itself ready with any emerging need of the States. States provide tankers to the Indian Railways for bringing LMO.

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Oxygen Express trains have delivered a record 831 MT of Oxygen in a single day: Piyush Goyal

Oxygen Express trains have delivered a record 831 MT of Oxygen in a single day.

More than 4,700 MT Oxygen has been provided by 75 Oxygen Expresses for COVID-19 patients

Piyush Goyal – Union Minister

Overcoming all hurdles and finding new solutions, Indian Railways is continuing its journey of bringing relief by delivering Liquid Medical Oxygen(LMO) to various states across the country.

So far, Indian Railways has delivered nearly 4700 MT of LMO in more than 295 tankers to various states across the country. 

Yesterday Oxygen Expresses delivered record 831 MT of LMO, a record for One Single day. 

75 Oxygen Expresses have already completed their journey so far. 

It is Indian Railways endeavour to deliver as much LMO as possible in the shortest time possible to the requesting states. 

Till the time of this release,
293 MT of LMO has been offloaded in Maharashtra,
1334 MT in UP,
306 MT in MP,
598 MT in Haryana,
123 MT in Telangana,
40 MT in Rajasthan and
2011 MT in Delhi.

First Oxygen Express to Karnataka has also started its journey from Tatanagar in Jharkhand and is on the way to Bengaluru with 120 MT of Oxygen. 

Running of new Oxygen Expresses is a very dynamic exercise and figures keep getting updated all the time.

More loaded Oxygen Expresses are expected to start their journeys later in the night. 

Oxygen Expresses have delivered nearly 150 tonnes of Oxygen in last 24 hrs, with more trains in the pipeline to serve the nation: Piyush Goyal

Ministry of Railways:

Indian Railway is running Oxygen Express in response to its fight against Covid-19.

Oxygen Expresses with Liquid Medical Oxygen(LMO) tankers have arrived at Nashik & at Lucknow for Maharashtra and Uttar Pradesh respectively.

Few Containers were also unloaded at Nagpur and Varanasi enroute to supply LMO in these region. Also, third Oxygen Express started its journey from Lucknow this morning.

States like Andhra Pradesh, Delhi are in consultation with Railways to run more such trains.

It may be noted that tankers filled with LMO at Visakhapatnam & Bokaro are presently being transported through Ro-Ro service of Indian Railways.

To fulfil the requirements of Medical Oxygen in Uttar Pradesh, for the movement of the train, a green corridor was created between Lucknow to Varanasi. The distance of 270 Km was covered by the train in 4 hours 20 minutes with an average speed of 62.35 kmph.

A total of 10 containers having nearly 150 tonnes of Oxygen have been carried so far.

Transportation of Oxygen through Trains is faster over long distances than road transport. Trains run 24×7 unlike road transports.

Indian Railways transported essential commodities and kept the supply chain intact even during the lockdown last year and continue to serve the Nation in times of emergencies.

The first ‘Oxygen Express’ train loaded with liquid medical oxygen tankers from Vizag has reached Nagpur: Piyush Goyal

Under the leadership of PM Narendra Modi ji, the first ‘Oxygen Express’ train loaded with liquid medical oxygen tankers from Vizag has reached Nagpur.

3 tankers have been offloaded in Nagpur.

The train will proceed to Nashik, delivering oxygen for patients across Maharashtra.

Piyush Goyal – Union Minister