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August 22, 2026
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Circular economy partnerships promote resilient value chains, resource efficiency and sustainable growth alongside evolving India-EU trade integration.
India-Finland circular economy cooperation is being developed through business, technology, investment and commercial partnerships supporting resource-efficient and sustainable growth. Discussions focused on competitive and resilient value chains based on circularity, traceability, resource efficiency and sustainable business practices. Circular economy principles extend beyond waste management into product design, value chains, resource use, skills development and new business models. The India-EU free trade agreement remains subject to legal review and formal ratification and is not yet in force.
August 22, 2026
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Bid rigging through pre-bid exchange of sensitive price information attracted penalties and cease-and-desist directions in tyre procurement.
Bid rigging in tyre procurement was established where Rekha Agencies and SS Marketing exchanged commercially sensitive price-bid information before submitting bids for the Himachal Pradesh Tender 2013. The concerted conduct contravened the prohibition on anti-competitive agreements and bid rigging. Monetary penalties and cease-and-desist directions were imposed on both enterprises. An official of Rekha Agencies was also penalised for liability arising from the contravention, while proceedings against the official of SS Marketing stood abated following his death.
August 22, 2026
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Import tariffs on Canadian products trigger potential retaliatory levies after bilateral negotiations fail to reach agreement.
Import tariffs on Canadian products are set to be imposed by the United States at a 50% rate after bilateral negotiations did not produce an agreement. The measures cover products including hockey sticks and tongue depressors and affect a limited share of Canada's annual exports to the United States. Canada has indicated possible retaliatory levies, intensifying the bilateral trade dispute.
August 21, 2026
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Rupee exchange-rate movement reflected geopolitical tensions, crude oil conditions and market intervention, while export payment rules expanded rupee invoicing.
Foreign Trade Policy amendments facilitate export invoicing and receipt of payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency. The earlier general requirement that export earnings be received in a freely convertible currency is thereby eased, while applicable rules continue to vary according to destination.
August 21, 2026
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Non-controlling land-bordering country ownership permits eligible foreign investment through the automatic route, subject to sectoral conditions and reporting.
Foreign direct investment may use the automatic route where non-controlling beneficial ownership from a land-bordering country in the investor entity does not exceed 10%, subject to sectoral caps, entry routes and other applicable conditions. The beneficial ownership test applies at the investor-entity level. Eligible investors need not obtain separate prior Government approval after reporting relevant information to the Government. The framework replaces the earlier approval requirement applicable even to minimal beneficial ownership from land-bordering countries.
August 21, 2026
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Climate-resilient urban water security modernises Chennai's supply and sanitation systems through ring-main infrastructure, digital monitoring, and safer sewer operations.
Chennai Climate-Resilient Water Security and Sewerage Project modernises and expands water supply and sanitation infrastructure through a loan arrangement between the Government of India and the Asian Development Bank. Measures include new pipelines, upgraded pumping stations, performance-based utility operations, and a comprehensive ring-main system to improve water-pressure balance, distribution efficiency, reliability and climate resilience. Digital monitoring and advanced blockage-detection technology are intended to improve operational decisions, customer responsiveness and worker safety while eliminating hazardous manual sewer inspections.
August 21, 2026
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Capacity-based taxation targets undeclared pouch-packing machinery used for clandestine pan masala and tobacco production and untaxed clearances.
Capacity-based taxation of pan masala and specified tobacco products is determined by the number, type and capacity of installed pouch-packing machines. Searches at interconnected manufacturing and trading premises detected unregistered operations using undeclared machinery for clandestine manufacture and clearance of pan masala, scented jarda and gutkha without payment of GST, HSNS cess and central excise duty. Finished goods, raw materials, packing materials and machinery were seized. The manufacturing firm's proprietor was prima facie identified as managing the operation and was arrested under the applicable cess and central excise laws.
August 21, 2026
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Technology risk oversight requires Urban Co-operative Banks to retain accountability while building shared and role-specific capabilities.
Urban Co-operative Banks must strengthen digital and risk-management capabilities as technology dependence exposes them to cyber threats, fraud, service-provider failures and common-platform vulnerabilities. Outsourcing critical systems does not transfer the bank's responsibility for oversight, safeguards and continuity. Boards and senior management must retain sufficient knowledge to supervise external providers effectively. Mission SAKSHAM supports role-specific, continuous capability building through physical and online learning, while collective infrastructure and shared expertise can supplement individual institutional capacity.
August 21, 2026
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Foreign exchange market modernisation prioritises delegated decisions, customer transparency, digital workflows, local-currency settlement and accountable risk management.
Foreign exchange market modernisation advances a facilitative, principles-based framework based on delegated decision-making by Authorised Dealers, risk-based reporting, and customer-centric service standards. Authorised Dealers must apply clear internal policies, avoid unnecessary documentation, disclose charges, timelines and grievance mechanisms, and ensure consistent treatment of comparable transactions. Local-currency settlement requires viable trade corridors, competitive hedging, correspondent relationships and robust AML/CFT controls. Digital workflows, electronic trading and reporting infrastructure should improve transparency and resilience, while automated tools remain subject to explainability, review and data-protection safeguards.
August 21, 2026
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Sugar price containment measures restrict stockholding, permit duty-free imports, and strengthen inventory verification to deter hoarding.
Sugar price containment measures include stock limits for dealers, consumption-based inventory restrictions for bulk consumers, duty-free raw sugar imports, and physical verification of mill stocks to prevent hoarding and artificial scarcity. Price increases are attributed to lower domestic output, festive demand, crop damage, tighter global supplies, and speculation rather than sugar diversion for ethanol. Earlier crushing is advised to improve seasonal availability, while the ethanol programme supports management of sugar surpluses, mill liquidity, and timely sugarcane payments.
August 21, 2026
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Cross-border insolvency enforcement constrains asset recovery as Evergrande liquidation, founder asset confiscation, and audit-related claims continue.
Evergrande's insolvency process involves liquidation proceedings for its mainland property-development unit and its Hong Kong-listed holding company. Cross-border recovery is constrained by separate Hong Kong and mainland China legal systems, particularly because most operational assets are located in mainland China. Liquidators are pursuing asset-tracing and recovery measures against the founder and connected persons, as well as claims concerning pre-collapse audits. Investigations identified revenue overstatement through manipulated financial data. Creditor recoveries are expected to be limited due to substantial liabilities and constraints on asset realisation.
August 21, 2026
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August 21, 2026
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Incremental tariff recovery aligns airport user charges with completed infrastructure, preventing passengers from funding non-operational capital projects prematurely.
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August 21, 2026
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Predicate-offence dependency limits retrospective addition of old FIRs to preserve money-laundering proceedings after the original scheduled offence is closed.
Predicate-offence dependency under the Prevention of Money Laundering Act requires an ECIR to rest on a subsisting scheduled offence. Closure of the FIR forming its basis through an accepted cancellation report prevents continuation of money-laundering proceedings unless that closure is overturned. A previously registered FIR cannot be belatedly added merely to preserve an existing ECIR and coercive powers. Where statutory requirements are met, an independently registered ECIR may be required. Expansion of an ECIR cannot rest solely on tenuous factual links between successive disputes.
August 21, 2026
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Indian rupee export invoicing rules now permit overseas contracts and invoices in rupees or foreign currency for eligible destinations.
Foreign Trade Policy provisions were amended to facilitate invoicing of overseas exports and receipt of export payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency, replacing the earlier general requirement that export earnings be received in a freely convertible currency. The applicable requirements vary according to the destination country.
August 21, 2026
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Dealer inventory financing supports working-capital flexibility, vehicle inventory management and electric-vehicle network expansion for authorised dealers.
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August 21, 2026
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Sugar supply pressures drive festive-season price increases as imports, stockholding limits and ethanol diversion shape market conditions.
Sugar prices in Bengal have risen sharply ahead of the festive season, with higher prices also affecting jaggery and other sugar-derived products. Supply constraints, mill stock releases, lower production in Brazil, ethanol diversion and possible hoarding have been identified as contributing factors. Raw-sugar imports have been permitted to augment availability, while stockholding restrictions limit inventories of specified bulk consumers. Lower projected closing stocks and possible future production effects from El Nino may sustain pressure on sugar availability and increase costs for sweetmeat producers.
August 21, 2026
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Foreign currency inflows and FCNR(B) deposits supported rupee sentiment, while oil prices and geopolitical risks constrained currency strength.
The rupee strengthened marginally against the US dollar as the dollar index softened, but elevated crude oil prices, geopolitical uncertainty, reduced foreign participation and net foreign equity outflows constrained currency sentiment. RBI measures to attract foreign currency inflows, including FCNR(B) deposits, were expected to generate substantial inflows, although these had not produced meaningful rupee strength. Energy-market disruption and restrictions on fuel exports through the Strait of Hormuz added to external-sector pressures.
August 21, 2026
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Sovereign security production priorities emphasise compliance, modernisation, employee innovation and operational excellence across currency, passport and coinage manufacturing.
SPMCIL performs a sovereign production mandate covering secure currency, coinage, passports and other products of national importance through its mints, currency presses, security presses and paper mill. Modernisation, compliance, transparency, efficiency, productivity, quality and corporate governance support the fulfilment of sovereign requirements. Individual employees and units were recognised for performance in productivity, environment and safety, energy conservation, knowledge and development, vigilance, and official-language implementation.

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Make In India Week concludes on a high note showcasing India’s manufacturing prowess Manufacturing, Design and Innovation has been brought to the centre stage – Amitabh Kant

February 18, 2016

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Press Information Bureau

Government of India

Ministry of Commerce & Industry

18-February-2016 16:39 IST

            Curtains came down on the first ever Make In India Week in Mumbai with the biggest show of manufacturing prowess, concluding on a high note.  The week long event  -

·         Created avenues for showcasing, connecting and collaborating for manufacturing in India

·         Promoted an Investment enabling environment

·         Provided encouragement to to Design, Innovation, Youth and Startups

·         Provided a  platform where global CEOs, think tanks, policy makers, Diplomats and Political leaders converged

            Addressing the Closing Press Conference in Mumbai today, Secretary, Department of Industrial Policy & Promotion, Mr. Amitabh Kant said the Make In India Week witnessed a business commitment of ₹ 15.20 lakh crore in investment.  “Make In India Week in Mumbai has been phenomenal hit. It has successfully brought manufacturing, design and innovation to the centre-stage” Mr. Kant said.

            Maharashtra Chief Minister Mr. Devendra Fadnavis said his state was successful in attracting investment worth ₹ 8 lakh crores across sectors. He said a Task Force is being set up headed by the State Industry Minister to ensure that MoUs signed are translated into actual investments. 

Facts at a glance

            More than 8 lakh people visited the Make In India Expo and other events, of which 49,743 were registered delegates.   102 countries were represented in the mega expo.

            A total of 150 events were organized under the Make In India Week banner while more than 25,000 people participated in  Seminars and Symposia, where over 1,200 experts from various walks of life from Ministers, Chief Ministers, policymakers, industrialists, academicians and spiritual gurus spoke on wide ranging issues concerning business and society.

            The Make In India Expo was spread over 23 lakh sqft area, housed under air-conditioned hangers in 27 halls.  215 exhibitors show cased their strengths and opportunities in 11 sectors covering aerospace & defence, automobiles, chemicals & petrochemicals, construction machinery, food processing, infrastructure, IT & electronics, industrial equipment & machinery, MSME, pharmaceuticals and textiles.  17 Indian states and 3 countries – Germany, Sweden and Poland had their pavilions in the Make In India Centre.

Make In India Week also provided platform for nearly 8,200 Business-to-Business,  Business –to-Government and Government –to-Government meetings.

Key deals concluded during the MIIW

•      Sterlite Group company TwinStar Display Technologies & MIDC for LCD manufacturing unit in technical collaboration with Autron of Taiwan

•      BAE Systems and Mahindra for assembling and testing of M777 Howitzers

•     ORACLE’s USD 400 million investment in India to set up 9 incubation center

•     Trivitron healthcare manufacturing unit in Chennai

•  Gujarat Government and Vestas (Denmark) for wind mill blades manufacturing unit at Ahmedabad

•       Raymond Industries to invest ₹ 1400 crore for manufacturing linen yarn and fabric facility

•       Mahindra & Mahindra: Investment – ₹ 8000 crores (Nashik: ₹ 6500 crores, Chakan – ₹ 1,500 crore)

•       Gujarat Government and Tar Kovacs Systems (France) for offshore platform to develop marine applications in Gujarat

•       Tar Kovacs and Government of Karnataka for setting up ocean based renewable energy project

•       Yes Bank and IREDA for financing of renewable power projects

•       Ascendas | Investment: ₹ 4571 crore | Employment: 1.09 Lakh

•       Mercedes | Investment: ₹ 1500 crore | Employment: 4270

•       Rashtriya Chemicals and Fertilizers | Investment: ₹ 6204 cr | Employment: 140

•       Godrej Industries| Investment: ₹ 3000 cr | Employment: 2000

•       JSW Jaigarh Port Ltd | Investment: ₹ 6000 crores | Employment: 1000

•       CREDAI and MCHI for 5.7 Lakh affordable homes with an investment of ₹ 1.1 lakh  crore and 7.6 lakh jobs

•       Government of Jharkhand and Vedanta Ltd

•       Government of Jharkhand and Adani group to set up a thermal power plant with a total capacity of 1,600 MW to be supplied to Bangladesh Grid

•       Agreement between Government of Jharkhand and Adani Group to set up a Coal based Methane fertilizer plant

•       Uber and Skill Development and Entrepreneurship Department (SDED) of the Maharashtra government

•       Solar Industries and Government of Maharashtra to set up a Nagpur plant for manufacturing of ammunition for armed forces

Policies / initiatives unveiled

·         Rs 2,200 crore Electronics Development Fund was unveiled by the Communications & IT Minister Shri Ravi Shankar Prasad to finance innovations, research and development in electronics manufacturing sector

·         National Capital Goods Policy was unveiled by the Heavy Industries Minister Shri Anant Geete aimed at creating an ecosystem for a globally competitive capital goods sector.

·         Investment Opportunities in Food Processing Industry by Ms.Harsimrat Kaur Badal.

·         E toll policy covering 360 toll plazas on the National Highways across the country.

State specific policies

            The Maharashtra government unveiled five new policies during the Make In India Week:

1. Maharashtra Retail Policy, 

2. Single Window Policy, 

3. Maharashtra Maritime Industries Policy.

4. Electronics Policy covering FAB manufacturing

5. Special package for SC/ST entrepreneurs.

            Odisha Industrial Development Plan 2025,  Jharkhand Industrial Promotion Policy 2016 were also unveiled during the week.

            Make In India Mittelstand initiative was aimed at attracting Small & Medium Enterprises from Germany to set up manufacturing facilities in India.  19 Mittelstand companies had enrolled for the programme.

Focus on Design, Innovation & Start Up

            Shri Amitabh Kant said, one of the key focus areas of Make In India Week was Design, Innovation & Start Ups. On Spot prize of ₹ 2 crore by Qualcomm for Startups in India today.

            Hackathon, organized by the consortium of IITs provided a platform for innovators, programmers and engineers. Two teams each providing innovative solutions in water, energy and transportation were awarded during the week.

            Other key initiatives of the Make In India Week included Industry- Academia Partnership, role of design in manufacturing, Make In India : Way Forward seminar with focus on domestic manufacturing, digital India initiative, smart cities and skill India programme.

Participation

             Key Government delegates during the week included Mr. Stefan Lofven, Prime Minister of Sweden, Mr. Juha Sipila, Prime Minister of Poland, Mr. Piotr Glinski, First Deputy Prime Minister of Poland, Yosuke Takagi, Minister of Economy, Trade & Industry, Japan,  Cesar Fergozo, Minister of Asia and Middle East, Mexico, Ignasius Jonan, Transportation Minister of Indonesia and Som Prasad Pandey, Industry Minister of Japan.

             Union Ministers who participated in the Make In India Week that was inaugurated by the Prime Minister Mr. Narendra Modi included – Mr. Arun Jaitley,  Mr. Manohar Parrikar, Mr. Nitin Gadkari, Mr. Ravi Shankar Prasad,  Mr. Kalraj Mishra, Ms. Nirmala Sitharaman, Mr. Piyush Goyal, Mr. Dharmendra Pradhan, Mr. Anant Geete, Mr. Santosh Kumar Gangwar, Ms. Harsimrat Kaur Badal and Col Rajyavardhan Rathore.

             Key Indian CEOs who were present included Ratan Tata, Cyrus Mistry, Mukesh Ambani, Kumar Mangalam Birla, Anand Mahindra, Gautam Adani, G V Sanjay Reddy (GVK), Ajay Piramal, Y C Deveshwar (ITC) among others.

             Key foreign CEOs who attended the MIIW included  John Chambers of CISCO Systems,  Markus Wallenberg of SEB, (Sweden),  Doug DeVos of Amway, Hakan Bushke of SAAB, Sweden,  Edward Monser IV of Emerson, USA, Mats H Olsson of Ericsson and Karol Zarajczyk of Ursus, Poland.

The way forward

The Make In India Week concluded with a

·         commitment to achieving the vision of 25% contribution to GDP through manufacturing

•       Striving to provide investment enabling environment to Foreign and Domestic investors

•       Promoting quality jobs through development of innovation and design ecosystem

•       Forging partnerships for manufacturing sector development for enabling “Champions of Manufacturing”

•       Active cooperation with States for promoting manufacturing  across all States in India and remotest part of the country

•       Promoting Industry and Academia linkages for joint research and product development to drive frugal engineering

•       Focus on spreading awareness about promoting manufacturing in under developed areas of the country

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