Myanmar and Indias bilateral trade has a larger untapped potential, Sitharaman
The Dollar Business Bureau The 6th India – Myanmar Joint Trade Committee (JTC) Meeting co-chaired by the Commerce minister Nirmala Sitharaman and Dr. Than Myint, Union Commerce Minister from Myanmar was held on June 27, 2017 at New Delhi. Myanmar is India’s gateway to South East Asia and ASEAN with which India is seeking greater economic integration through the ‘Act East’ Policy. The country shares a long land border of over 1600 kms with India as well as a maritime boundary in the Bay of Bengal. India’s trade with Myanmar grew by 6.01% from $2.05 bn in 2015 -16 to $2.18 bn in 2016-17. The total export achieved in 2016-17 was $1.11 bn, reflecting an annual growth of 3.79% while the ...
Australian govt partners with Tata Group for $1.5 mn prize
The Dollar Business Bureau The Australian government has entered into partnership with Indian multinational conglomerate Tata Group and US-based non-profit organisation XPRIZE for running a $1.5 million global challenge on 'Water Abundance Prize' for innovators who bring new ideas for using energy-efficient technology for harvesting water from air. The challenge is open to innovators, creative thinkers, engineers, entrepreneurs, academics and scientists with innovative ideas to showcase the use of technology for improving access to affordable clean water in areas of high humidity where the water is either inaccessible or unavailable. “Julie Bishop, Foreign Minister of Australia encouraged the innovators all over the world to take on this Challenge when she visited the headquarters of XPRIZE, a non-profit organisation which is specialised in encouraging technological improvements to ...
India, other EAS nations call for nuclear disarmament
PTI India and other leaders of the 18- member East Asia Summit reaffirmed their support to promote nuclear disarmament and nuclear non-proliferation as they underlined the importance of nuclear security to combat nuclear terrorism at national, regional and global levels. The countries emphasised the importance of advancing nuclear disarmament, non-proliferation and peaceful uses of nuclear energy as 'mutually reinforcing pillars'. Recognising the serious challenges posed by nuclear terrorism, the countries reaffirmed their support to promote nuclear disarmament, nuclear non-proliferation and peaceful uses of nuclear energy and the importance of nuclear security to combat nuclear terrorism at national, regional and international levels. The East Asia Summit (EAS) adopted this in their final declaration at the end of their one-day summit here on 8th September. ...
US, India,Japan to work together to maintain maritime security
Source : PTI Highlighting the growing convergence of India, Japan and US interests in the Indo- Pacific region, the three nations underscored the importance of international law, peaceful settlement of disputes and freedom of navigation, including in the South China Sea. External Affairs Minister Sushma Swaraj, her Japanese counterpart Fumio Kishida and US Secretary of State John Kerry attended the first US-India-Japan Trilateral Ministerial dialogue in New York during which they agreed to work together to maintain maritime security through greater collaboration. In a media note released after the meeting on Tuesday, the three ministers highlighted the growing convergence of their respective countries' interests in the Indo-Pacific region. “They also underscored the importance of international law and peaceful settlement of ...
Australia willing to support India with Coal supplies
The Dollar Business Bureau India and Australia discussed various issues related to the strengthening of the bilateral ties which include the ways for setting up of Bilateral Investment and Trade (BIT) Agreement and Foreign Trade Agreement (FTA) among others. As a part of her four-day visit to India, Julie Bishop, Australian Foreign Minister, on Monday, met the Indian Finance Minister, Arun Jaitley. In the meeting, both the sides discussed issues regarding BIT, India’s measures to attract foreign direct investments (FDI) in the recent months, issues on various reforms like opening up of insurance sector, among others. The Union Finance Minister briefed the Australian Minister with the steps being taken by the Government of India towards providing an ‘ease of ...
