Tag Archives: Ministry of Commerce and Industry

Rajiv Mehra, President, IATO said, “We requested the Prime Minister for financial support to be provided to tour operators based on their foreign exchange earnings. Additionally, we urged the Ministry of Commerce, Government of India, to allocate a budget of rupees ₹1,000 crore or more for the revival of incoming tourism.”

The Government has announced to clear all pending dues of exporters worth Rs. 56,000, which includes SEIS. An official release states, “Service sector exporters, including those in the travel, tourism and hospitality segments will be able to claim SEIS benefits for FY 2019-2020, for which Rs 2,061 crore has been provisioned. The SEIS for FY 2019-20 with certain revisions in service categories and rates is being notified. This support would have a multiplier effect and spur employment generation.” Piyush Goyal, Union Minister, Ministry of Commerce and Industry, announced that the Government has decided to budget Rs 56,027 crore in this Financial Year (FY22) itself in order to disburse all pending export incentives due to exports. The final date of filing application of due scrips for SEIS is 31st December. There will also be a dedicated portal for filing scrips dues and it will be made live soon.

The Ministry of Commerce and Industry, Government of India, and the International Chamber for Service Industry (ICSI) will jointly organise an International Conference on Strengthening Aviation Network between North East Indian Region and Bangladesh, Cambodia, Laos, Myanmar and Vietnam (BCLMV countries) at Radisson Blu Hotel Guwahati in Assam today. The mega event aims to bring nations closer by augmenting and improving travel, trade and people to people contacts through a stronger aviation network. It will be attended by dignitaries from the Ministry of Civil Aviation, Airports Authority of India, as well as Indian and international carriers and other leading aviation business entities. Over the past few years India’s trade with the BCLMV countries has grown exponentially with the total trade with CLMV countries growing seven-fold from $1.4 billion in 2005 to $10.3 billion in 2015 and current trade volume with Bangladesh at about $6.6 billion. The key points of deliberation at the conference were the need of direct connectivity of airlines between NER and BCLMV countries, infrastructure development and capacity building along with the liberalisation of ASEAN open sky policy for NER (I). The initiative shows that the NER figures very high in the list of priorities of not only the government but also of the air transport sector which sees immense unrealised potential in this part of the country.