In a letter to the MPs, the minister has asked utilising the Members of Parliament Local Area Development Scheme (MPLADS) funds for such initiatives.
The issue was raised and discussed during the meeting of Board of Trade (BoT) chaired by Commerce and Industry Minister Nirmala Sitharaman.
Commerce and Industry Minister Nirmala Sitharaman also sought views of Indian startups to hold this programme.
Facilities would be provided to 60 start-up companies at the centre in the initial phase, the Minister of state for for Commerce and Industry said after inspecting the site identified for the centre here last evening.
The Union Cabinet will soon take a call on the winding up of the 25-year-old Foreign Investment Promotion Board (FIPB), Commerce and Industry Minister Nirmala Sitharaman said today.
Commerce Minister Nirmala Sitharaman today sought to calm frayed nerves on the contentious visa issue, saying the number of H-1B visas for Indian IT professionals would not come down. She asked the industry not to get panicky.
Since September last year, exports are consistently going up and "I can see this as a clear indicator that our exporters are performing against all odds and showing their capacity to withstand any headwinds and the global situation," she told PTI in an interview.
Since the start of the calendar year the rupee has gained nearly 6 percent against the dollar and 2 percent against emerging market currencies, largely on account of glad tidings on the economy and political fronts. Post demonetisation, it has gained from a strong showing by the BJP in the U.P. election and from parliament clearing hurdles for a GST launch. Crude oil prices continue to remain range-bound, with the OPEC nations curtailing oil production.
Union Minister Nirmala Sitharaman today dismissed Congress allegations about corruption in the government e-marketplace (GeM) portal saying they are "false, baseless, motivated and malafide".
Commerce and Industry Minister Nirmala Sitharaman and Telecom Minister Manoj Sinha released the stamps at a function at the post office.
Not just ministers, but also the bureaucrats have been extremely inspired by the way he consults them and takes their views, said the commerce and industry minister.
At the receiving end of the protectionism are countries like India and China, the latter being the shopfloor of the world. India is hit on another front as it is the largest outsourcing play in the IT space.
The comments assume significance in the wake of Indian companies, specially IT services providers, getting concerned over protectionism by the US and several other countries. Sitharaman said, "Let us also understand that not just Indian companies in the US, several big US companies are in India too.
Meat exports stood at Rs 27,610 crore in the financial year 2015-16, Rs 30,201 crore in the 2014-15 and Rs 27,720 crore in 2013-14, Minister of Commerce and Industry Nirmala Sitharaman said in a written reply to Lok Sabha.
In the entire 2015-16, these zones had received duty exemptions worth Rs 52,216 crore, according to the data given by Commerce and Industry Minister Nirmala Sitharaman in a written reply to the Lok Sabha.
"No proposal is under consideration of the government to review the extant FDI policy on multi-brand retail," Commerce and Industry Minister Nirmala Sitharaman said in a written reply to the Lok Sabha.
"India needs several entrepreneurs who can become fountainheads of commercially viable ideas that will make a difference to the economy and the country," Sitharaman said while addressing the graduating students at the campus of Indian School of Business (ISB) in Mohali, near here.
The Commerce and the Foreign secretaries went to the US and had initial talks. The 2018 H1-B visa details have been issued and there is no change in US position and the numbers remain largely the same, Sitharaman said.
"It pains me to say this. I purposely say this to this audience...Luxury industry will have to identify them from various pockets in India and give them their due recognition," she said.
Commerce and Industry Minister Nirmala Sitharaman today said India has started implementing the liberalised visa regime with effect from April 1, a move that will help boost tourism and services trade.
Commerce and Industry Minister Nirmala Sitharaman today said she will discuss with ministerial colleagues the Supreme Court ruling of banning liquor shops along highways, which has sparked concerns in the hospitality sector.
Commerce and Industry Minister Nirmala Sitharaman said as per the existing meat export policy, the shipments of beef (meat of cow, oxen and calf) is prohibited.
"Japan has requested the WTO Dispute Settlement Body for establishment of the panel in the WTO dispute...alleging that India's safeguard measures on certain iron and steel products are inconsistent with the WTO obligations," Commerce and Industry Minister Nirmala Sitharaman said in a written reply to the Lok Sabha.
Changing climatic conditions especially erratic rainfall and high temperature have aggravated the problem, Commerce and Industry Minister Nirmala Sitharaman said in a written reply to the Lok Sabha.
Commerce and Industry Minister Nirmala Sitharaman today said Amercian phone-maker Apple's demand for tax incentives to set up a manufacturing unit in the country will have be looked at after the Goods and Services Tax (GST) is rolled out.