SME Times is powered by   
Search News
Just in:   • Panasonic launches 2-in-1 detachable toughbook  • Duty drawback to factor other taxes: FIEO  • China to restrict oil exports to N.Korea  • Yamaha to invest over Rs 200 crore in Chennai plant  • Govt realises it needs Viagra boost to revive economy: Congress 
Last updated: 01 May, 2017  

Industry.9.Thmb.jpg Domestic manufacturing to be given preference: Secy DIPP

Industry
   Top Stories
» Relief for exporters: Govt considering ways to speed up refunds
» New drawback rate disappoints garment exporters
» PM dedicates trade facilitation centre for handicrafts to nation
» Govt working towards getting back earlier growth rate: FM
» Private investment and banks' growth two major challenges: FM
SME Times News Bureau | 01 May, 2017
The government is considering a proposal to give preference to domestic manufacturing in public procurement, Department of Industrial Policy and Promotion Secretary Ramesh Abhishek said on Saturday.

"The government is considering a proposal to give preference to domestic manufacturing in public procurement. The Make in India Campaign has propelled significant changes in policies to strengthen the manufacturing sector," he said at the annual session of industry body Confederation of Indian Industry (CII).

Abhishek said that the government is working on policies that include simplification of procedures and processes through ease of doing business, liberalising foreign direct investment, dismantling the Foreign Investment Promotion Board and reform in public procurement.

He futher noted that an investment facilitation agency is working on investments of over $70 billion during the year, which will synergise investment promotion events at the state level for better results. 
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

Facilitating young and new entrepreneurs
Umang Mathur,Director - SPM Medicare (P) Ltd. Noida(UP) | Fri May 5 08:47:39 2017
I started manufacturing of sterile single use insulin syringes(medical devices) under Pradhan Mantri yojana scheme(make in India)about two years back. I always being missed to participate in Govt. procurement tenders because of three years ITR one of the conditions to participate in tendering. The medical devices are regularly being imported from other countries, which becomes costly and not readily available. I being the unemployed engineer and having full knowledge in manufacturing insulin syringes and set up a good modern plant in Noida(UP). I request that a clause to submit three years ITR while applying for a tender in Govt procurement of medical devices can be removed so that all young entrepreneurs like me be able to participate in tendering to fulfil the dream of our Hon'ble Prime Minister - Make in India programme


 
  Customs Exchange Rates
Currency Import Export
US Dollar
65.40
63.70
UK Pound
88.60
85.70
Euro
77.95
75.35
Japanese Yen 58.40 56.40
As on 25 Sep, 2017
  Daily Poll
Small traders even below the threshold limit too should register under GST system?
 Yes
 No
 Can't Say
  Commented Stories
» Starting an import export business: Basic guide for beginners(11)
» Export sops: WTO compliance(5)
» GST Council reduces GST rates on 18 handicrafts items(3)
» Committee on Exports formed to monitor issues post GST(2)
» Note ban, GST to affect informal, SME sector: Manmohan Singh(2)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter