Piyush Goyal, Minister of state for Power, Coal & New and Renewable Energy (Independent Charge) stated this in a written reply to a question in the Rajya Sabha recently.
The government proposes to implement GST from April 1, 2016, and the new Finance Commission may be set up ahead of its schedule to look into the issues related to the new indirect tax regime.
Currently, Indian food processing industry is clocking an average growth rate of 8.4%.
MAIT has also launched a website catering to the various information needs of the SMEs.
Siraj Hussain, Secretary, Ministry of Food Processing Industries, announced it at an International Conference on India Farm 2 Fork 2014 under aegis of PHD Chamber of Commerce and Industry
The event was organised by Coimbatore District Small Industries Association and the Ministry of MSME, in which about 80 vendors participated.
The first meeting of the committee was held on November 5.
In order to encourage innovation and incubation, the government would create a Research to Market Fund (RMF) to encourage entrepreneurial activity.
According to GWI’s study, smartphones are vital to Internet users in India, where 79% of the online population own a smartphone and the users of mobile messengers are young, affluent and highly active online.
The Government is undertaking measures to support the ‘Make in India’ drive.