Home / Knowledge / News / Textiles / Govt plans to enhance commerce and industry
Govt plans to enhance commerce and industry
05
Jan '11
In relation with the government's 1.2 billion rupee trade and commerce development agenda for the current calendar year, the Industry and Commerce Minister Rishard Bathuideen recently unveiled a detailed month-wise action plan at the Ministry auditorium.

The plan provides a clear breakup of the work target to be achieved by close of every month, so as to ensure that the supervision work with respect to implementation and progress of the plan is being carried out on a monthly basis.

The Minister said that, as the 2011 budget mainly focuses on the development of private sector, the key functions of the Industry and Commerce Ministry should mainly remain concentrated within the set boundaries.

The total sum of 1.2 billion would be differently allocated to different sectors like Rs 450 million would be allocated for the export development initiatives, Rs 501 million to the Commerce Ministry on trade development, Rs 263 million for development of Industrial estates, Rs 25 million for Textile development, Rs 45 million to Dye and mould facilitation centres and Rs 15 million to the Leather and Footwear Industry.

Allocation of the funds has been done to various sectors across the entire value chain, depending on a cautiously planned trade and development strategy, the Minister said.

At the end of every quarter all the members of the Advisory Committee of the Ministry and Export Development Board (EDB) who represent the private sector would be consulted so as to get a clear idea regarding each market segment and product category from the grass root level, which would help the government officials to better associate with the sectors, thereby ensuring competitiveness for the country's trade.

The Minister even emphasized on the role that the trade officers would play in their respective markets in order to boost the country's exports to $15 billion by 2015 and $20 billion by 2020.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X