Framework for listing of Commercial Paper (See 'Dashboard') Santosh Gangwar: State crucial to implement labour laws (See 'Corp Brief') More Swiss tech for Indian Railway (See 'Corp Brief') Goa joins hands with Khadi Commission to boost local employment (See 'Corp Brief') Tata Steel to cull jobs from Dutch unit; expects to save USD 930 mil from cost cutting Infosys may face US class action amidst allegations of investment irregularities Nandan Nilekani: CEO, CFO recused from audit investigations into Infosys affairs Trade Marks Act, 1999 - Trade Marks Rules, 2017 cannot do way with statutory obligation of Registrar to communicate refusal of Trademark application with grounds of rejection : HC (See 'Legal Desk') PCA, 1988 - High Court cannot deny bail to P Chidambaram merely on speculation that witnesses are being influenced without any material basis: SC Larger Bench (See 'Legal Desk') INX media case: SC grants bail to Chidambaram in CBI case GST rate on Waste to Energy Plant/Devices executed on EPC basis (See 'THE INSIGHT' in Taxongo.com) Competition Act, 2002 - Scheme of act, 2002 contains no provision that makes recommendations of DG binding upon the Competition Commission: HC (See 'Legal Desk) Arbitration & Conciliation Act, 1996 - If factual findings about termination of contract survives challenges u/s 34 & 37 before High Court, SLP is not maintainable: SC (See 'Legal Desk) Arbitration & Conciliation Act, 1996 - Manner of appointment of substitute arbitrator is same as that of first arbitrator appointed by the Court where existence of agreement is derived from conduct of parties: HC (See 'Legal Desk) DHFL says Bank securitisation deals in-compliant with RBI norms Indigo look east policy; focuses on China, Southeast Asia Whistleblowers accuses WIPRO top management of taking unethical steps to boost revenue BSNL unite with YuppTV; ventures into video on demand market Govt clarifies on domestic manufacturing of solar cells (See 'Corp Brief') Goyal on tour to Sweden - 70 Indian Cos operating there (See 'Corp Brief) Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) Regulations, 2019 (See 'Dashboard') Foreign Exchange Management (Debt Instruments) Regulations, 2019 (See 'Dashboard') Anil Kumar Gautam takes over as Director (Finance) at NTPC DHFL resolution hits wall; bondholders to approach bankruptcy court (See 'Corpbrief') DRDO signs 30 Tech Transfer agreements (See 'Corpbrief') PMC Bank case: SC declines PIL by depositors to relax withdrawal restrictions Nikhil Gandhi takes charge of TikTok India Adani Group coal import case: HC helds Letters Rogatory non-conforming to applicable standards IL&FS case: HC grants Deloitte Haskins interim relief from coercive action in criminal proceedings

CAPEXIL exports awards: Commerce Minister urges India Inc to create brand value

Published: Sep 18, 2019

By TIOLCORPLAWS News Service

NEW DELHI, SEPT 18, 2019: THE Commerce Minister, Mr Piyush Goyal gave away the export awards of CAPEXIL here today. Minister of State for Micro, Small and Medium Enterprises, Mr Pratap Chandra Sarangi was also present at the award function.

Speaking on this occasion Commerce Minister added that in the chemicals and allied sectors, which has some of the oldest industries in the country, has much more potential than has been tapped and it is time that the entire sector should make a combined effort to take up new challenges, set higher goals and aspire for extraordinary results.

Mr Goyal complimented the award winners and said that they must inspire others, who have not won an award today, to take bold decisions and risks and aspire to do extraordinary work in their industry. For this, the Minister added that the CAPEXIL sector industries must embrace new technology and explore new markets, make value addition to the products that are being manufactured and not just remain in their comfort zone as manufactures and exporters of raw and basic products.

Mr Goyal further said that although India's exports of the chemicals and allied sectors amount to 10% of the global chemical market, it is time now to aspire to be the number one exporter of products from this sector and for this the Commerce and Industry Minister urged all the industries of this sector to think of ways and means to make more value addition to their products in the export basket and be bold and nimble footed. He also added that it is in the MSME sector that the future of India lies and urged industries of the MSME sector to demand the support of the Government in development of clusters near ports, availability of land in bulk, common effluent treatment plants and common testing facilities. Piyush Goyal further said that investing and caring for the environment is an advantageous proposition for everybody, the industry as well as citizens, as it helps to create a conducive business climate and acceptability for Indian products worldwide.

Commerce Minister urged the industry to engage with the world, grasp all opportunities that are available through the free trade agreements that India has entered into with other countries but at the same time protect the national interest, their business interests and above all the interest of the consumers.

TIOL CORP SEARCH

TIOL GROUP WEBSITES