India proactively boosting trade ties with Africa, Sitharaman
The Dollar Business Bureau Various steps have been taken by Government to enhance trade and commercial relations with African countries, the minister for Commerce and Industries told the Upper House. Replying to a question in the Upper House, Nirmala Sitharaman said bilateral trade between India and African countries are reviewed regularly, including through bilateral mechanisms like of Joint Trade Committee Meetings and Joint Commission Meetings. The 4th India-Africa Trade Ministers’ Meeting was organized in New Delhi on October 23, 2015. Negotiations to enter into Free Trade Agreement with the Common Market for Eastern and Southern Africa (COMESA), a Regional Economic Community in Africa, Preferential Trade Agreement with the South African Customs Union (SACU) and a Comprehensive Economic Co-operation Partnership Agreement (CECPA) with Mauritius ...
Industry not too enthused with TEE status
Jayarama Emani | The Dollar Business The coastal towns of Visakhapatnam and Bhimavaram in Andhra Pradesh, being recognised as Towns of Export Excellence (TEE) in the new Foreign Trade Policy, which was released on Wednesday, has got mixed response from the industry. Stakeholders feel while the announcement is encouraging, the government must expedite infrastructure development in both the towns if it is really interested in export promotion from the region. Speaking to The Dollar Business, Bhaskara Rao Potluri, Executive Director, Andhra Chambers of Commerce & Industry Federation, said, “With the Andhra Pradesh government setting a target of Rs.60,000 crore (cumulative) worth of marine exports by 2020, it is no surprise that the Centre is looking at Bhimavaram as a ...
Make in India to go abroad to find suitors
Sachin Manawaria | The Dollar Business To promote Prime Minister Narendra Modi’s “Make in India” initiative across the globe, the government has asked the PHD Chamber of Commerce and Industry to host exhibitions across the globe under its Market Access Initiatives (MAI) Scheme in the coming fiscal year 2015-16. The exhibitions initially will be hosted in countries such as Russia, Sri Lanka, Bangladesh, China, Nepal, Pakistan, and Malaysia. The Department of Commerce has asked the PHD Chamber to set up the “Make in India” pavilion and lead a national level participation from India in these exhibitions. The Chamber has also been asked to promote B2B meetings between the right stakeholders. Alok B. Shriram, President, PHD Chamber of Commerce, said that the ...
