PM Modis 4 day Europe tour, FTAs, trade talks to take precedence
Sheela Mamidenna Earlier in 2017, the Prime Minister Narendra Modi while addressing a geopolitical conference said, “Our economic and political rise represents a regional and global opportunity of great significance. It is a force for peace, for stability and an engine for regional and global prosperity. For my government, this has meant a path of international engagement focussed on building development partnerships that extend from the islands of the Indian Ocean and Pacific to the islands of the Caribbean and from the great continent of Africa to the Americas. Creating Indian narratives on global challenges.” Well, for that matter, trade agreements play an important role in leveraging a country’s economic growth. Concurring to it, our globetrotting Prime Minister has made more than ...
US approves $75 mn chemical protective gear for Indian soldiers
PTI The US has approved $75 million high-tech chemical protective clothing for the Indian armed forces that will protect soldiers against biological and chemical warfare. The Joint Service Lightweight Integrated Suit Technology (JSLIST) consists of 38,034 each: suits, pairs of trousers, pairs of gloves, pairs of boots and NBC bags; 854 aprons; 854 alternative aprons; 9,509 Quick Doff Hoods; and 114,102 M61 filters. The entire package also includes 38,034 M50 general purpose masks. The Defence Security Cooperation Agency (DSCA) made a notification to the Congress on May 10 after the State Department made a determination in this regard. India had made a request for these special clothing as part of its military modernization programme. In its notification to the Congress, the DSCA ...
Iran to face obstacles in financing purchase from Boeing and Airbus
The Dollar Business Bureau Embedded in the Iran Nuclear Deal of 2015 were terms related to assured support from the developed world for Iran to acquire a fleet of new aircraft from majors like Boeing and Airbus. Reportedly, the country has acquired merely 3 jets from Airbus in return for cash payments so far, while it aims to purchase as many as 180. While Iranian officials try to accelerate talks with British export credit agency to gain an approval, they have multiple roadblocks to address. Theresa May’s snap decision to hold general elections in the month of June discourages Britain’s export credit arm to take defining decisions affecting foreign policy during such a critical time. The government is also likely to postpone dealing ...
After 100 day mark, Indian envoy sees promise in India-US relations under Trump
The Dollar Business Bureau Former Indian Ambassador to the US, Arun Singh, spoke at length about the progression of India-US ties in the first 100 days of Trump's presidency. With the end of April 2017 marking the 100-day milestone of Trump's reign as the leader of the free world, many have expressed dissatisfaction with his rather capricious style of ruling. Be it Trump reneging on his own words or him lacking the wherewithal to get Congress to pass his reforms, his performance so far has been the subject of much public derision. On the other hand, Indian diplomat Arun Singh, who has seen India-US relations enhance during most of Bush's and Obama's tenure, backs the new US administration and sees much promise in its attitude towards India. “As the engagement of the past hundred days ...
Brazil invites Indian cos to invest in the country
The Dollar Business Bureau Brazil has invited private companies from India to invest in the country in the sectors of civil aviation, ports, energy, oil and gas and sanitation. “Private companies will have the opportunity to invest in Brazil in the sectors such as ports, civil aviation, energy, sanitation, oil and gas,” said Brazilian Ambassador to India Tovara Da Silva Nunes. Agriculture, defence, aeronautics and robust banking system are the main strengths of the Brazilian economy, he added. The ambassador was speaking on economic strengths and opportunities for investment in Brazil at the first country seminar organised by APEX Brazil, at the three-day BRICS Trade Fair, which is being held in New Delhi from October 12-14, 2016. Talking about Brazil, he said that agriculture is ...