Suresh Prabhu assured special economic zone developers and units to take up their issues with respective ministries including finance for resolution.
"When we process it, we need not only cater to the domestic market but we can export it," Prabhu said.
Suresh Prabhu made a case for developing automobile clusters at east and west coasts of India to promote growth and exports from the sector.
Commerce minister Suresh Prabhu today urged the plastics industry to ensure that exports increases along with its domestic consumption.
Commerce and Industry Minister Suresh Prabhu has started a series of consultations with stakeholders in different states on the proposed new industrial policy.
Prabhu said a new industrial policy is being framed after 25 years and it is "being designed" to equip Indian industry for the future.
Suresh Prabhu unveiled the Central govt's Rs 2,600 crore package for the leather and footwear industry, saying it had the potential of generating over three lakh jobs.
Commerce and Industry Minister Suresh Prabhu will hold consultations with industry representatives next month on the proposed industrial policy.
Suresh Prabhu said proper marketing strategy and support from trading houses and academic institutes like IIFT is the need of the hour to boost exports of khadi products.
Suresh Prabhu is expected to launch a Rs 2,600 crore special package for the leather and footwear industry which is expected to generate around three lakh jobs.
US dollar ends higher against rupee
Mumbai: The US dollar ended sharply higher against the rupee at 64.21/22 per dollar and the pound sterling also finished higher at Rs 90.34/36 per pound at the close of the Interbank Foreign Exchange (forex) market here today.
Following are the Interbank forex and RBI rates: (In Rs per unit) Unit Interbank RBI Reference US Dollar 64.21/22 US Dollar Rs 63.9097 Pound Sterling 90.34/36 Euro Rs 80.1683 Euro 80.18/20 Japanese Yen (100) 60.50/52
Approves Allotment Of 24.9 Mn Shares On Preferential Basis To 8 Investors
Approves Allotment Of 24.9 Mn Shares At Rs 1,726.05/Share
MAHINDRA & MAHINDRA
To invest in Zoomcar India, Zoomcar Inc, U.S.
To invest Rs 176 cr in Zoomcar India
Initial investment in Zoomcar India likely to be completed by Feb 20
Additional investment in Zoomcar India expected to be completed by Aug 31
Co’s stake to increase to 16%
RBI inspection had found diversion of funds within group firms
Funds to the tune of Rs 525 cr given to intermediary borrowing cos
Religare Finvest increased corporate loan book against RBI’s directions
RBI has asked for clarity on rollover of fixed deposits with a bank
Findings suggested continued weakness of internal controls
Economic Times Reports
SC Allows Sale Of Fortis Health Shares Pledged With Lenders
SC allows Axis Bank, Yes Bank to sell, transfer pledged share of Fortis
Earlier, SC had restrained financial institutions from selling pledged shares
Business Standard Reports
Granted European GMP certification from Hungarian regulators for Mfg plant at Goa