Nirmala Sitharaman
Retail
Government clears 89 single-brand retail, one multi-brand proposal
Government has said that it has approved 89 proposals for foreign investment in single brand retail trading (SBRT) and one in the multi-brand sector up to March.
"The Government has approved 89 proposals for foreign investment in single-brand retail trading...
Retail
Start-ups are the next big economic force in India: Nirmala Sitharaman
Start-ups are the next big economic force in India, the world's youngest startup nation with 72 per cent founders below 35 years of age, Commerce and Industry Minister Nirmala Sitharaman said.
"Start-ups are the next big economic force in India....
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Commerce Ministry introduces e-marketplace for goods procurement
The Commerce Ministry has launched an e-marketplace for online purchase of goods and services by various Central Government ministries and departments.
According to a PTI report: The move is aimed at bringing in more transparency and streamlining the Government procurement...
Fashion & Lifestyle
Incentives for textile industry will create jobs: Nirmala Sitharaman
The Modi Government on Wednesday announced a Rs 6,000 crore package for the textiles and apparels sector to help it wrest a bigger share of the global market. The package also provides the sector more flexible labour laws and financial incentives.
The...
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Nirmala Sitharaman to discuss Apple retail store matter with FM
Commerce and Industry Minister Nirmala Sitharaman said she will take up with the Finance Ministry the issue of relaxing mandatory sourcing norms for iPhone maker Apple, which wants to set up retail stores in the country.
According to a PTI...
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Nirmala Sitharaman turns down Apple’s proposal to sell refurbished iPhones
With the Finance Ministry rejecting waiver of mandatory local sourcing for Apple Inc to set up single-brand stores in India, the Commerce Ministry said it will again push the case of the iPhone maker and a consensus decision should...
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CAIT demands regulatory authority for online retailers
Alleging that e-commerce firms are openly flouting norms laid down under FDI, traders' body, Confederation of All India Traders (CAIT), has demanded formation of a Regulatory Authority for India's online retail market.
According to a report in PTI: In a...
Retail
FDI up 29% due to Make in India: Nirmala Sitharaman
Foreign Direct Investment in the country increased by 29 per cent for the 15-month period -Â ended December last year - after the launch of 'Make in India' initiative, Parliament was informed on Thursday.
Launched on September 25, 2014, the initiative...
Retail
21 e-commerce firms under the scanner for FDI violation
In response to the petition filed by All India Footwear Manufacturers & Retailers Association, against e-commerce firms for violations of India's foreign direct investment (FDI) norms, Delhi High Court has ordered the government to probe 21 e-commerce companies.
Major e-commerce...
Retail
Government working on ecommerce definition: Nirmala Sitharaman
The government is working on the definition of 'e-commerce' to clear the air over key issues such as taxation and foreign investment in the burgeoning sector, according to Commerce and Industry Minister Nirmala Sitharaman.
The minister on July 15 chaired...
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Samsung in talks with component partners to boost ops in India: TM Roh
Noida and Bengaluru R&D centres have become one of the biggest R&D centres of Samsung and MX business, according...
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