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Businesses Now Looking Towards the North-East: FICCI Chief

The business community is particularly interested in tourism and agriculture sector, which has immense potential in the region.



NEW DELHI: The President of the Federation of Indian Chambers of Commerce and Industry (FICCI), Rashesh Shah called on the Union Minister of State (Independent Charge) of the Ministry of Development of North-Eastern Region Dr Jitendra Singh, here today and discussed business and investment plans for Northeast.

Shah referred to a renewed focus on Northeast in the last three or four years ever since the Government took over and said that the entire business community and business trade organizations across the country are now looking forward to the Northeast for unexplored avenues.

He said, the business community is particularly interested in tourism and agriculture sector, which has immense potential in the region.

Dr Jitendra Singh suggested that FICCI should organize series of awareness programmes in the peripheral States of Jammu & Kashmir and Northeast to spread awareness both among the business community as well as consumers about the kind of investments and business ventures, most optimally suitable for each of the given regions.

He particularly emphasized the need to promote young start-ups and young entrepreneurs from across the country to come forward and invest in these areas.

Shah told the minister that very soon, FICCI will come out with a comprehensive proposal and plan in the form of a written document which would be the roadmap for the best possible investments and industry initiatives in the times to come.

He said that the FICCI will always look forward to Jitendra Singh for continued support, as in the past.


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Will Soon Announce a New Industrial Policy: Suresh Prabhu

The First International SME Convention – 2018 is being convened inNew Delhi.



The Union Minister for Commerce & Industry and Civil Aviation, Shri Suresh Prabhakar Prabhu delivering the keynote address at the International SME convention 2018, in New Delhi on April 23, 2018.NEW DELHI: On the occasion of the inauguration of the SME International Conference 2018, Minister of Commerce and Industry and Civil Aviation, Suresh Prabhu said that MSME is the key role in accelerating the development of global economies.

He also said that the government has finalised the new industrial policy, which is set to be announced soon. The new policy will replace the industrial policy of 1991 which was prepared in the backdrop of the balance of payment crisis.

He said that details of a new industrial policy that is being worked upon by the government.

Prabhu added that SMEs promoted in poorer countries can bridge the gap between the rich and the poor and new technologies will be created, new networks will be formed among SMEs in the world to ideate and subsequently, scale up those ideas to fruition. “Self-help groups and startups alike are where SMEs can take advantage.

Minister of State (for Micro, Small and Medium Enterprises )Giriraj Singh said that the International SME convention being held in the national capital will bring immense opportunities for the MSMEs to collaborate with the regional as well as global value chains.

MSMEs here will get a platform through the convention to explore business opportunities in different sectors with the countries participating.

The convention will be hosting over 400 entrepreneurs from India and 150 International Delegates representing 31 Countries.

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First Meeting of Think Tank on Framework for National Policy on E-Commerce Tomorrow

It will provide a credible forum for an inclusive and fact-based dialogue leading to recommendations for informed policy making.



NEW DELHI: Minister of Commerce & Industry Suresh Prabhu will chair the first meeting of the think tank on the ‘Framework for National Policy on E-commerce’ to be held on April 24, 2018.

Senior officers of the ministries/ departments of the Government of India involved in different aspects of e-commerce; high-level representatives from the industry bodies, e-commerce companies, telecommunication companies and IT companies; Reserve Bank of India; and independent experts have been invited to participate in the meeting.

The think tank on the Framework for National Policy on E-commerce has been established recently by the Department of Commerce. It will provide a credible forum for an inclusive and fact-based dialogue leading to recommendations for informed policy making, so that the country is adequately prepared to take advantage of the opportunities, and meet the challenges, that would arise from the next wave of advancements in the digital economy.

The think tank on the Framework for National Policy on E-commerce will seek to collectively deliberate on the challenges confronting India in the arena of digital economy with a view to developing recommendations for a comprehensive and overarching national policy on e-commerce.

Some of the issues that will be discussed by the think tank include the following aspects of e-commerce and digital economy: physical and digital infrastructure, regulatory regime, taxation policy, data flows, server localisation, intellectual property rights protection, FDI, technology flows, responding to disruptions in industrial organisation, need for skill development and trade-related aspects.

Developments in e-commerce at the WTO and evolving appropriate national position on the underlying issues would be another important dimension of the discussions of the think tank on the Framework for National Policy on E-commerce.

The think tank will explore options for providing a fillip to entrepreneurship in the digital economy. It will identify specific policy interventions for nurturing domestic firms and create jobs in e-commerce.

Representatives of almost fifty organisations are expected to participate in the first meeting of the think tank on the Framework for National Policy on E-commerce to be held on 24 April 2018.

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India Exploring Signing of MoU for ‘Road Information System’

This would be developed on lines of the system run by the Express Highways Information Corporation of South Korea.



NEW DELHI: Union Minister of Road Transport and Highways Nitin Gadkari has said that India is exploring an agreement with South Korea for the introduction of Highways Information System in the country.

This would be developed on lines of the system run by the Express Highways Information Corporation of South Korea, with integrated monitoring of a highway at a centralized control room.

Inaugurating the 29th National Road Safety Week in New Delhi’s Vigyan Bhavan today, the Minister spelt out the ministry’s priorities in ensuring safety of road users in the country.

He informed that he has fixed a target of bringing down the number of road fatalities to half from the around 1.5 lakh accidental deaths reported when he took over.

Gadkari said though progress has been achieved in this respect, he is still not satisfied and aspires to keep working in this direction.

The Ministry organizes the Road Safety Week every year to create awareness among general public and improve upon the safety of road users.

This year, Road Safety Week is being organized from 23rd to 29th of April and the focus is on schools and commercial drivers.

Addressing the participants Gadkari requested that every student be made a road safety ambassador for his family and for the society. Various activities have been organized for school / college students, drivers and all road users.

The Minister gave away awards to fifteen school children who won the national level essay competition on road safety. The top three winners were given cash prizes of Rs 15,000, Rs 10,000 and Rs 5,000 and a certificate each. Gadkari also administered the road safety pledge to all those present on the occasion.

Outlining the initiatives and steps taken to improve vehicle safety and overall road safety, the Minister said his ministry has adopted the 4E principles of Education, Enforcement, Engineering and Emergency care to address the problem of road safety.

For ensuring vehicular safety, the standards of buses have been upgraded, air bags and speed alert device have been made mandatory for all cars, and every two-wheeler will have ABS to avoid skidding. He said, the Motor Vehicles (Amendment) Bill, 2017, passed by Lok Sabha is waiting to be cleared by Rajya Sabha. This bill comprehensively promotes safety on the road. It would also promote the development of an efficient, seamless and integrated multi-mode public transport system.

The Ministry of Road Transport & Highways has launched a scheme for setting up of Driving Training Centre to provide quality training to commercial vehicle drivers, improve road and environment safety and strengthen overall mobility on roads. 789 road accident black spots have been identified on NHs of which 139 black spots are rectified, work on 233 black spots are awarded and in progress.

Ministry had issued guidelines for taking up of Road Safety Audits on National Highways either as part of all new projects. Detailed Road Safety Audits in a length of 610 km have been sanctioned on National Highways in last two years.

Installation of crash barriers at accident prone locations on National Highways in Hilly Terrain has been sanctioned in a length of 183 Km at a cost of Rs 108.25 crore.

Shri Gadkari also released a paper on road safety by Indian Road Safety Campaign. IRSC is a youth led national mission promoting road safety, led by students and alumni of IIT Delhi. It is currently working on creating awareness on road safety, developing technologies, simplifying laws and improving the post-accident emergency care system.

IRSC organizes an annual road safety championship called as the Safer India Challenge in collaboration with the Ministry of Road Transport and Highways and various state polices involving the youth to come up with innovations in this area.

The Safer India Challenge’18 was launched on the occasion. In addition to this the Minister also released a short story collection on road safety theme entitled “Have a safe journey”

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