India-Korea ties to spur maritime trade, energy, film sectors
The Dollar Business Bureau India and South Korea are likely to join hands to boost sea transport, energy and film industries of the two countries. Prime Minister Narendra Modi who began his five-day tour to Asian countries on Thursday is scheduled to visit South Korea on May 18-19. Modi is expected to sign a memorandum of understanding (MoU) with the Republic of Korea for cooperation in the fields of maritime transport and logistics. The MoU is aimed at enhancing cooperation through sharing of technologies, information and experiences, training of seafarers and port operation, a government statement said. The new agreement will also facilitate partnerships between the maritime transport and logistics-related companies of the two countries, development and management of ...
Government must address issues of Indian companies in China
The Dollar Business Bureau An industry body has asked the government to take urgent steps to reduce non-tariff barriers and ensure level-playing field for Indian companies in China. The Confederation of Indian Industry (CII) submitted a memorandum to the government a day before Prime Minister Narendra Modi was scheduled to begin his five-day tour to China, South Korea and Mongolia. Expressing concern over various challenges faced by Indian firms in IT, pharma and media sectors, the memorandum said that though the bilateral trade rose at a compound annual growth rate (CAGR) of 15% since 2007-08, the trade deficit has been burgeoning in an unsustainable manner. “Sectors such as IT, drugs and pharma, and media and entertainment pose several challenges for ...
