The government has finalised the new industrial policy, which is set to be announced soon, Commerce and Industry Minister Suresh Prabhu said.
Prabhu said that the upcoming industrial policy was expected to bring new investment and increase the share of manufacturing in the country's GDP.
Commerce and Industry Minister Suresh Prabhu today assured exporters of taking up the issue of GST refund with the finance ministry.
An action plan is being formulated to give a boost to economic activities at district level and promote overall economic growth, the commerce and industry ministry said.
The govt is contemplating setting up industrial health clinics to deal with sickness in the MSMEs which are the backbone of the countrys industrial architecture.
Mittal criticised the move to hike tariffs on imports by US and said any adverse change in the open, multilateral trading system would hurt all countries.
The commerce ministry is working on several areas such as improving standards of products and identifying new markets to promote country's exports.
The govt said it is working with US to resolve all trade issues even as US has decided to review India's eligibility to enjoy duty-free access for certain products.
World Bank and its investment arm, IFC, will host global venture capitalists in Goa in June for a roundtable on nurturing the startup ecosystem in the state.
A policy to provide thrust to air cargo would be drafted soon as it will fuel the growth of the aviation sector and boost the country's economy, Suresh Prabhu said.
HDFC BANK Q4 REVIEW
PAT at Rs 4799 Cr vs Rs 3990 Cr, up 20.2%
NII at Rs 10,658 Cr vs Rs 9,055 Cr, up 17.7%
Net Interest Margin at 4.3%
Other Income at Rs 4229 Cr vs Rs 3446 Cr, Up 22.7%
Operating Profit at Rs 8835 Cr vs Rs 7279 Cr, up 21.3%
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