This is for the fifth consecutive month that the index has come in above 50-point mark that separates expansion from contraction.
The eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity, constitute 40.27% of the total industrial production.
While India is not against issues such as labour, gender and human rights, it is against rulemaking on these matters in global trade negotiations.
Exports are often considered a Central government domain and states have not seen it as a tool of development as they see industrial investment and infrastructure.
There will be specific emphasis in the study on sectors like steel, urea and other chemicals including pharmaceuticals, electronics, telecom and consumer products of mass consumption.
The project was earlier estimated to cost Rs 2,254 crore, but the cost rose to almost Rs 2,700 crore due to the Goods and Services Tax roll out, according to an ITPO official.
The proposal will be within the negotiations for the bilateral trade agreement that the two countries recently reviewed.
“With logistics coming under the purview of the department, we need to see how states can incorporate this in their export strategies,” said an official in the know.
At present, tur attracts 10% import duty. Further, Government has recently imposed 50% import duty on yellow peas. Other pulses, however, attract zero import duty.
10 lakh people are expected to be skilled and certified in various segments of the textile sector through the scheme, out of which 1 lakh will be in traditional sectors.
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