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August 20, 2026
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Raw sugar tariff-rate quota permits duty-free imports while bulk consumers face consumption-based sugar stockholding limits.
Raw sugar imports are permitted duty-free under a tariff rate quota until 31 October 2026, with online allocation to eligible millers and refiners having functional refining capacity. Applicants must provide a refining-capacity declaration and supporting Consent to Operate; preference applies to importers undertaking timely completion of imports, while non-utilisation or failure to surrender allocations constitutes non-compliance. Bulk sugar consumers meeting the prescribed consumption threshold are subject to a stock cap of 15 days' consumption from 1 September to 30 November 2026.
August 20, 2026
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Duty-free raw sugar imports under tariff rate quota seek to improve domestic supply and contain rising sugar prices.
Duty-free import of 10 lakh metric tonnes of raw sugar is permitted under a tariff rate quota until 31 October 2026. The import-policy measure seeks to increase domestic raw-sugar availability and restrain rising local prices amid reduced opening stocks. Price-containment measures also include a stockholding limit for bulk consumers using more than 10 tonnes of sugar monthly, restricting holdings to 15 days' consumption.
August 20, 2026
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Reservation policy implementation is strengthened through capacity building, uniform institutional practices, welfare measures, and improved financial accessibility for Divyangjans.
Reservation policy implementation across Public Sector Banks, Public Sector Insurance Companies, sectoral regulators and Public Financial Institutions is being strengthened through a capacity-building workshop. The programme seeks uniform and effective application of Government reservation policies and related welfare measures. Senior human-resource functionaries and Chief Liaison Officers considered practical implementation issues, actionable measures for consistency, and operational concerns. It also focuses on improving accessibility of financial services for Divyangjans.
August 20, 2026
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August 20, 2026
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India-Singapore economic cooperation advances through trade, investment, technology and business linkages, including agriculture, fintech and sustainable infrastructure collaboration.
India-Singapore economic cooperation was advanced through ministerial, business and government-to-business engagements focused on deepening bilateral trade, investment, technology and commercial linkages. Discussions addressed agri-exports, GCC-based commercial parks, fintech and sustainable infrastructure, alongside expanding agricultural market linkages. The engagements reinforced commitment to strengthening trade, investment, technology and business-to-business cooperation.
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Multi-Currency EEFC settlements let exporters retain foreign earnings and choose conversion timing for overseas payment obligations.
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Power semiconductor foundry expansion targets Indian fabless customers through technology showcasing, process development, and collaboration in the growing semiconductor market.
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August 20, 2026
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Exchange stabilisation support aims to strengthen foreign-exchange resilience, reduce rollover dependence and restore access to longer-term market financing.
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Elephant ivory trade prohibition supports enforcement against wildlife trafficking, seizure of carved ivory articles, and further investigation.
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News and Press Release

Economic Industrial Corridor

December 9, 2013

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During the Summit meeting held between India and United Kingdom in February 2013, the Prime Ministers of both the countries noted UK’s interest in cooperating with India for the development of a new Bengaluru Mumbai Economic Corridor (BMEC). The feasibility study is being conducted by the India side. The details of nodes to be developed and other details will be clear only after the study is over.

The Government has notified a National Manufacturing Policy (NMP) vide Press Note dated 4th November, 2011 with the objective of enhancing the share of manufacturing in GDP to 25% and creating 100 million jobs over a decade. The goals of DMIC intervention are:

• Double employment in 7 years

• Triple industrial output in 9 years.

• Quadruple exports from region in 8 -9 years.

It is too early to fix any targets in respect of the Chennai Bangalore Industrial Corridor (CBIC), Bangalore Mumbai Economic Corridor (BMEC) & the Amritsar - Kolkata Industrial Corridor (AKIC).

Annexure

Annexure referred to in reply to part (a) of the Lok Sabha Unstarred Question No. 604 for answer on 9.12.2013.

Four industrial corridors have been envisaged:

(i) Delhi Mumbai Industrial Corridor (DMIC):

DMIC Project is proposed to be implemented on both sides of the 1483 km long Western Dedicated Rail Freight Corridor between Dadri (UP) and JNPT (Navi Mumbai).   The project, to be implemented with Japanese assistance, seeks to create a strong economic base with a globally competitive environment and state-of-the-art infrastructure to activate local commerce, enhance investment and attain sustainable development. The DMIC project covers the six States of Uttar Pradesh, Haryana, Rajasthan, Madhya Pradesh, Gujarat and Maharashtra. The following investment regions/industrial areas have been taken up for development as industrial cities in the first phase;

a) Ahmedabad-Dholera Investment Region, Gujarat

b) Shendra-Bidkin Industrial Park, Aurangabad, Maharashtra

c) Manesar-Bawal-Investment Region, Haryana

d) Khushkhera-Bhiwadi-Neemrana Investment Region, Rajasthan

e) Pithampur-Dhar-Mhow Investment Region, Madhya Pradesh

f) Dadri-Noida-Ghaziabad Investment Region, Uttar Pradesh and

g) Dighi Port Industrial Area, Maharashtra.

ii)   Chennai Bangalore Industrial Corridor (CBIC):

During the visit of the Prime Minister of Japan to India on 28th December, 2011, the two Prime Ministers decided to strengthen efforts to improve infrastructure in Chennai Bangalore area and directed to operationalise the modalities for preparation of the Comprehensive Integrated Master Plan for development of Chennai Bangalore Industrial Corridor (CBIC). Japan International Cooperation Agency (JICA) Study Team conducted a Preliminary Study and in their report submitted in December 2012,. 26 priority projects across various sectors aimed at removing infrastructural bottlenecks have been identified. The Terms of Reference (ToRs) for Phase II Study for the CBIC were finalised in consultation with the stakeholders. As per the Terms of Reference, JICA is required to prepare the Comprehensive Regional Perspective Plan for CBIC region within 6-8 months of mobilisation of the Consultant and the Concept Master Plan and Development Plan for two Industrial Nodes within the next 10-12 months. A kick-off meeting with the JICA consultants for preparation of the comprehensive plan (phase-2 study) was held on 15th October, 2013. The interim report on Regional Perspective Plan should be ready tentatively by mid 2014 and the final report containing the Concept Master Plan and Development Plan for Industrial Nodes around mid 2015.

iii)Bengaluru-Mumbai Economic Corridor (BMEC):

During the Summit meeting held between India and United Kingdom in February, 2013, the Prime Ministers of both the countries welcomed the development in cooperation on infrastructure since the last summit. They noted UK’s interest in cooperating with India for the development of a new Bengaluru-Mumbai Economic Corridor (BMEC). The leaders agreed to examine and evolve the modalities and content of a feasibility study of this project concept through mutual discussions and to work out a roadmap for a possible partnership in this area. The ToRs for the feasibility study have been finalised in consultation with the Department of Economic Affairs, the UK side and DMICDC, which has been appointed as the nodal agency on the Indian side for the project. It has been agreed that the feasibility study will be funded and procured by the Government of India. DMICDC has initiated the tendering process for selection of a consultant for undertaking the study.

(iv) Amritsar-Kolkata Industrial Corridor (AKIC) :

In order to give a boost to industrial development in the densely populated States of Northern and Eastern India, commencement of preparatory work on developing the Amritsar-Kolkata Industrial Corridor (AKIC) has been approved. The AKIC will be structured around the Eastern Dedicated Freight Corridor (EDFC) as the backbone and also the Highway system that exists on this route. The AKIC will also leverage the Inland Water System being developed along National Waterway-1 which extends from Allahabad to Haldia. The AKIC will cover the States of Punjab, Haryana, Uttar Pradesh, Uttarakhand, Bihar, Jharkhand and West Bengal.

The information was given by the Minister of State in the Ministry of Commerce and Industry Dr. E.M. Sudarsana Natchiappan in Lok Sabha today.

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