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The Dollar Business Bureau  External Affairs Minister Sushma Swaraj said on Tuesday that there is a need to enhance trade, investment and commerce with the extreme eastern parts of Russia or Russian Far East in order to achieve the $30 billion target, set for bilateral trade between the two countries, by 2025.  “The Russian Far East is one of the richest regions in the world and India is among the fastest growing large economies of the world. There is lot that can be done together. When other markets are closing, we need to find new ones and create virtuous cycles of investment. Investment is in the ultimate analysis an act of faith,” Sushma said, while speaking at the India-Russia Business Dialogue at the Eastern Economic Forum ...

Source: PTI Showcasing significant investment opportunities in manufacturing and infrastructure sector, Finance Minister Arun Jaitley has invited Australian businesses to come and invest in India as he wraps up his four-day visit to the Asia Pacific country. During his visit, Jaitley met Prime Minister Malcolm Turnbull, Energy Minister Josh Frydenberg, Treasurer Scott Morrison, Finance Minister Mathias Cormann and several other top dignitaries and business leaders of Australia. On his first day in Sydney, Jaitley inaugurated 'Make in India' conference where he strongly pitched for foreign investments in India, especially in the area of manufacturing and infrastructure. In Canberra, he met Turnbull and discussed trade and bilateral issues of the two nations. He also invited Turnbull to visit India. Here, the finance minister also attended a ...

 The Dollar Business Bureau In addition to ongoing efforts, the Government of India is gearing up for a separate action plan under ‘Make in India’ to boost entrepreneurs in the country. “An action plan has been prepared for 22 sectors under ‘Make in India’ initiative to promote new entrepreneurs in the country. An Investor Facilitation Cell has been created in Invest India to assist and handhold investors,” said Nirmala Sitharaman, Union Commerce Minister, in a written reply to Lok Sabha on Monday. A Startup Action Plan has also been released by the government. The intention of this plan is to create a conducive environment for startups in India. The plan has several measures including measures for simplification and handholding of procedures, funding ...

The Dollar Business Bureau “The Index of Industrial Production has witnessed a positive growth of 2.1% during April-December, 2014-2015”, said Nirmala Sitharaman, Minister of State (Independent Charge) in the Ministry of Commerce & Industry. Stating that several policy amendments, procedural simplifications and promotional measures have arrested the decline of IIP which stood at (-) 0.1% in 2013-14, the Minister said that addressing of issues like ‘inverted duty structure’ and amendments to Foreign Direct Investment (FDI) policy allowing up to 49% in Defence and 100% in Railway infrastructure have propelled the industrial growth. “In addition, the government through effective use of information technology (IT) has facilitated ‘Ease of Doing Business’ and made governance more efficient,” she said, and added “Make in ...

The Dollar Business Bureau | @TheDollarbiz The latest initiative aimed to boost manufacturing in India (Source: Make in India)   Prime Minister Narendra Modi has launched the ambitious ‘Make in India’ initiative in New Delhi today with simultaneous launches taking place at state level and in Missions abroad. While India’s Government-to-Business (G2B) platform, Invest India, aims to be the first point of contact for foreign investors and to provide assistance in obtaining regulatory clearances, the government has developed an exclusive web portal www.makeinindia.com to answer queries from businesses across the globe. Both the initiatives, along with the government’s e-Biz portal, aim to boost manufacturing in the country, lower imports, and increase India’s share in the global export market. At present, India is ...