India and Jordan ink the revised Economic and Trade Cooperation Agreement
The Dollar Business Bureau India and Jordan discussed ways of increasing bilateral trade and deepening their engagements for greater cooperation in investment sector at the 10TH India-Jordan Trade and Economic Joint Committee (TEJC) Meeting on Wednesday. During the TEJC meeting, the two sides also reaffirmed their mutual interest and discussed the roadmap for cooperation in various fields such as Fertilizer Sector, Customs, Double Taxation Avoidance Agreement, Visa and Consular issues, Health and Pharmaceuticals, Micro, Small and Medium Enterprises, Maritime Transport, Rail Transport, and Air Transport, Renewable Energy, Energy Efficiency, and Smart Grid development, Information Technology, Higher Education and Vocational Training, Agriculture sector etc. The government press release said, that the Indian side represented by the Commerce and Industries Minister, Nirmala Sitharaman and Yarub ...
Exports of beef haven't come down: Harsimrat
The Dollar Business Bureau Food Processing Minister Harsimrat Kaur Badal on Tuesday said that there is no decline in the exports of buffalo meat from legal slaughter houses in the country. The latest crackdown of illegal abattoirs in Uttar Pradesh is in compliance with the order of Supreme Court to check environment pollution and to protect the health of people, the Minister added. India, the biggest exporter of buffalo meat, shipped $3.76 billion worth of meat in the financial year 2016-17, according to Ministry of Commerce data. In April, the exports of beef dropped by 10.35% to $257.06 million compared to $287 million in the same month last year, as per the data given in Agricultural & Processed Food Products Export Development Authority (APEDA) data. “As far as I know, the export (of ...
Commerce Department pushes for more sops for small exporters
The Dollar Business Bureau Striving to make the life of small exporters easier, the Department of Commerce is likely to push for greater interest subsidy and broader export credit insurance. As part of the review of Foreign Trade Policy (FTP) – 2015-2020, the Commerce Department is seeking to broaden the basket of services and to make it more attractive for foreign nationals to study and get medical treatment in the country. Nirmala Sitharaman, Commerce and Industry Minister, has marked two sections small exporters and services to be added in the review of the FTP, which is expected to be released in June, in time for the roll out of the Goods and Services Tax (GST). According to sources, Rs.1,000 crore has been ...
Sitharaman and Swedish minister set up mechanism to further trade
Sourced from Press Information Bureau The Eighteenth Session of India-Sweden Joint Commission for Economic, Industrial and Scientific Cooperation (JCEC) was held in New Delhi on May 17, 2017. The Indian delegation led by Nirmala Sitharaman, and the Swedish delegation led by Ann Linde, Minister for Trade and EU Affairs, Ministry for Foreign Affairs, expressed their satisfaction that considerable substance and contents had been added to bilateral relations during the last 2 years and reiterated their mutual desire and commitment to further strengthen the existing trade and investment relations and all-round bilateral cooperation. The deliberations at the JCEC meeting provided an excellent opportunity to review the current state of ongoing cooperation in diverse fields such as Trade and Investment, Sustainable Urban development, Micro Small ...
Indias life sciences industry has potential to become $200 bn industry: FICCI report
The Dollar Business Bureau Union Minister for Health and Family Welfare J P Nadda released the FICCI knowledge paper ‘Indian life sciences: Vision 2030 – Expanding global relevance and driving domestic access’ at the FICCI Life Sciences Conference in the capital today. The theme which centred on ‘Pharma Vision 2030: Building India’s Global Relevance’ was attended by a host of government officials and industry professionals. In his inaugural address, Nadda highlighted that the government was in the process of amending the Drugs and Cosmetics Act to encourage innovation and the entrepreneurial spirit of manufacturers. Speaking on research and development (R&D), he said that Indian pharma companies are spending less than 2% of their total turnover on R&D. “It is time that ...
