Economy

Khadi and Village Industry Commission’s (KVIC) venture into the online marketing segment has quickly established a pan-India reach enabling the artisans sell their products to the remotest parts of India through the KVIC E-Portal – www.kviconline.gov.in/khadimask/. The online sale that was launched with just Khadi Face Masks on July 7 this year has evolved into a full-fledged E-market platform with 180 products as on today and many more in the pipeline.

The company signed a JV agreement with Coal India Ltd (CIL) to set up 5000 Mw of solar and thermal projects. These projects are expected to commence between 2023 and 2027

India’s agriculture technology sector has the potential to grow manifold to $24.1 billion in the next five years, according to a new report. With a turnover of $204 million, India’s agri-tech sector is at under 1% of its market potential today.

The government has reportedly cleared a USD 100 billion proposal that allows manufacturers to export smartphones made in India to other parts of the world. Smartphone brands such as Samsung, Lava, Karbonn and contract manufactures Foxconn, Wistron, Pegatron are cleared to export smartphones made in India.

After a gap of about 6 months due to the Corona pandemic, “Hunar Haat” will restart from 09th October 2020 with the theme of “Local to Global” and focus on indigenous exquisite Indian toys.

Industry insiders reckon that while this is a loss to the local gaming community, it also offers other battle royale games like Fortnite, Call of Duty, Garena Free Fire, and homegrown Rogue Heist. the opportunity to attract users.

Union Minister of Commerce and Industry Shri Piyush Goyal met the Office-bearers of various Export Promotion Councils (EPCs), to discuss the issues concerning the country’s global trade, ground level situation, and problems being faced by the exporters. Shri Goyal has been holding a series of discussions with the EPCs, particularly since the lockdown. The Commerce Secretary Dr Anup Wadhawan, DGFT Shri Amit Yadav and other senior officers of the Ministry were present in the meeting.

Indian companies have raised a record $31 billion in equity capital in 2020, as banks strengthen their balance sheets to prepare for future economic uncertainty and corporates tap into the elevated global liquidity levels. The record raising comes despite India’s economy contracting 23.9% in the June-quarter, year on year, which puts it on track for the first annual contraction since 1980.