department of commerce news and archive

Govt to further ease multi-brand FDI norms

Despite throwing the multi-brand retail market open for foreign direct investments nine months back, Indian government is yet to see any major proposal coming their way, as global giants’ are finding the FDI norms difficult for the entry. Most have taken a wait and watch approach. Keeping the current scenario in mind, Commerce and Industry...

Apparel

Commerce minister unveils 21 new textile parks

The Union Minister for Commerce, Industry and Textiles, Anand Sharma launched 21 new textile parks on 23 April 2013, approved under Scheme for Integrated Textile Parks (SITP). With the launch of these new textile parks, the total number of existing parks has gone up to 61 in the country. SITPs play an important and instrumental role in the...

Apparel

India asks Bangladesh to list it as a textiles supplier

India has asked Bangladesh to list it as a textile raw material sourcing country so that Bangladeshi garment exporters buying yarn from India continue to get benefits under the European Union’s duty exemption scheme. Commerce and Industry Minister Anand Sharma, in his bilateral meeting with his Bangladeshi counterpart Ghulam Muhammed Quader,...