Govt. to handhold StartUps across 7 tracks: Piyush Goyal – Union Minister

National Startup Awards are the beginning of a new journey.

Govt. to handhold StartUps for New India across 7 tracks:

Investor Connect
Mentorship
Govt. Connect
Capacity Development
Corporate Connect
Brand Showcase
Unicorn Engagement

piyush goyal – union minister

Indian Army unveils its new Combat Uniform: Piyush Goyal – Union Minister

Piyush Goyal – Union Minister:

Indian Army unveils its new Combat Uniform.

This newly designed military uniform by the National Institute Of Fashion Technology makes its debut at the Army Day Parade in Delhi.

It is made for:

Comfort
Climate-friendliness
Improved camouflage

I am pleased to share that Union Minister Piyush Goyal Ji has sanctioned a budget of Rs. 30 Cr. to set up Mega Handloom Cluster at Nongpok Kakching : N Biren Singh

N Biren Singh, CM, Manipur :

I am pleased to share that Hon’ble Union Minister Piyush Goyal Ji has sanctioned a budget of Rs. 30 Cr. to set up Mega Handloom Cluster at Nongpok Kakching under the National Handloom Development Programme (NHDP) of the Ministry of Textiles, Government of India.

The Mega Handloom Cluster is proposed to be set up at the village of our Nation’s Pride, Mirabai Chanu who has brought laurels for the country.

It is a commendable step taken towards promoting the use of locally made indigenous goods and further boosting the state’s economy.

The India International Trade Fair to be held at the brand new exhibition complex at Pragati Maidan beginning 14th November

The countdown is underway to the India International Trade Fair beginning 14th November 2021.

A brand new exhibition complex at Pragati Maidan will showcase a New India highlighting:

Aatmanirbhar Bharat
Vocal For Local
Indian Entrepreneurship

PIYUSH GOYAL – Union Minister

Launched the National Single Window System, a one-stop destination for investors & businesses for approvals & clearances! : Piyush Goyal

Ministry of Commerce & Industry:

“Launch of National Single Window System, is a giant leap, towards making India Aatmanirbhar” said Shri Piyush Goyal while Launching the facility.

Union Minister for Commerce & Industry Shri Piyush Goyal said that NSWS will usher in Azadi from legacy of running to Govt. offices  for approvals and registrations 

He said that in this 75 weeks of “Azadi ka Amrit Mahotsav”, we can share “Azadi ka Amrit” with Investors, Business owners (MSMEs) not only form India but from the world. The Minister said that 

NSWS would usher in Azadi from legacy of running to Govt. offices, i.e. Ease of doing business & Ease of living Azadi from paperwork, duplication & information asymmetry Azadi from Windows within Window..   

The Minister said that PM Modi’s, decisive & bold leadership has enabled & encouraged India to dream bigger

NSWS has been designed keeping the needs of entrepreneurs and investors at the center.

 NSWS provides following online services: – 

• Know Your Approval (KYA) Service: an intelligent information wizard that generates a list of approvals required by any business to commence operations. It does so by asking the investor a series of dynamic questions about their planned business activities and identifies the applicable approvals basis the responses provided. The questionnaire, simple and user friendly on the surface, has a complex, automated logic built into it to sieve through hundreds of approvals, and shortlists only those relevant to the specific investor or entrepreneur. This service was launched on 21.07.2021 with over 500 approvals across 32 Central Departments and over 2000 approvals across 14 states. This service is only for guidance purposes and does not constitute any legal advice.

• Common Registration Form: To ensure a single point of submission of information and documents across Ministries and States, a unified information capturing system along with a common registration form has been introduced. Information is auto-populated on forms, eliminating the need to fill in the same information again. 

• State registration form: Enables investor to have seamless single click access to respective State Single Window System.

• Applicant dashboard: Provides a single online interface to apply, track and respond to the queries pertaining to approvals and registrations across ministries and States. 

• Document repository: An online centralized storage service for investors to enable one-time document submission and use the same across multiple approvals. This eliminates the need to submit documents at multiple portals.

• E-Communication module: Enables online response to queries and clarification requests related to applications by Ministries and States.

The beta version of the portal has now been completed and is being opened to all stakeholders and the public as trial soft launch. The beta version of the portal (under Phase I), hosts approvals from 18 Central departments and 9 States and is aimed at guiding investors to the list of business approvals they may need, based on information provided by them.

Another 14 Central departments and 5 States will be onboarded by December 2021 (under Phase II)

The portal will progressively onboard a greater number of approvals and licenses, based on user / industry feedback.

Though extensive testing by Ministries/States is ongoing, and will continue for next three months to stabilize & optimize the platform, it is critical that extensive feedback from the industry users is accommodated to ensure comprehensiveness and high utility for Investors & Entrepreneurs.

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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