Search Result for : Mou

The Dollar Business Bureau In order to explore opportunities for bilateral trade and investment in the Latin American (Latam) and Caribbean regions, Commerce and Industry Minister Suresh Prabhu visited Cuba from October 28 to 31. “The Minister for Commerce and Industry Suresh Prabhu visited Cuba from October 28 to 31 to explore opportunities to tap the huge untapped potential, for not only bilateral trade but also investment in the Latin American and Caribbean regions,” the Commerce Ministry said in a statement on Wednesday. “It has been the strategy to pursue new markets to expand India's trade footprint and targets to double trade with the Latam and Caricom region in the next 4 to 5 years,” it said. India’s bilateral trade with the Caribbean region ...

The Dollar Business Bureau The premier trade and investment promotion body for traders and SME exporters in India, Engineering Export Promotion Council (EEPC), on Monday signed a memorandum of understanding (MoU) with state-owned Punjab National Bank (PNB) to give easy access to finance to the exporters’ community. Sanjeev Sharan, Executive Director, PNB, said that up to Rs.10 crore worth of loans would be given to exporters at competitive interest rates, within 6-7 weeks after filing of the application. “Such an arrangement and other export-friendly measures were a part of the agreement,” he added. As per the agreement, PNB would extend facilities for foreign currency loans to the members of EEPC and also offer advisory support for financing projects with the help of its network of 200 ...

The Dollar Business Bureau The Minister for Shipping and Road Transport & Highways Nitin Gadkari, was on a two day visit to Tehran, representing the Indian Government at the inauguration and oath taking ceremony of Hassan Rouhani as the President of Iran for a second term, on 5th August, 2017.  In an interaction with Rouhani, Gadkari held wide ranging discussions on many issues including India’s cooperation in the development of Chabahar Port and proposed rail link between Chabahar & Zahedan. In the meetings, both sides positively assessed the progress in implementation of the decisions taken during the Indian Prime Minister’s visit to Iran last year, including the progress of Chabahar Port. Both sides reiterated their commitment to complete and operationalize the ...

The Dollar Business Bureau  The Cabinet on Wednesday approved a memorandum of understanding (MoU) signed between India and BRICS nations for setting up of BRICS Agriculture Research Platform (BRICS-ARP).  “The Union Cabinet chaired by Prime Minister Narendra Modi has given its ex-post facto approval for an MoU signed among India and various BRICS countries for establishment of the BRICS Agriculture Research Platform (BRICS-ARP),” said an official release.  On October 16, 2016, an MoU for the establishment of agriculture research platform (ARP) was inked by the foreign ministers of the member-countries at the eighth BRICS Summit held in Goa, it said.   “The Centre will promote sustainable agricultural development and poverty alleviation through strategic cooperation in agriculture to provide food security in the BRICS member ...

The Dollar Business Bureau Targeting a highest ever revenue at Rs.17,900 crore for current financial year, state-owned aerospace and defence firm, Hindustan Aeronautics Limited (HAL) on Wednesday signed a Memorandum of Understanding (MoU) with the Ministry of Defence (MoD).  HAL has also put special emphasis on modernisation, capacity building and solar power plants, with the aim to attain a capital expenditure (capex) of Rs.1,300 crore, the company said in a statement. The MoU has charted out the targets on several performance parameters for the current fiscal. The MoU was signed by Ashok Kumar Gupta, Secretary in the Department of Defence Production, on behalf of Defence Ministry and T Suvarna Raju, CMD, on behalf of HAL. “The company’s thrust is on ‘Make in India’ projects such as Hindustan Turboprop ...

The Dollar Business Bureau Indian conglomerate Adventz Group said on Tuesday that it has signed a $2 billion-plus MoU with the Israeli construction and development company Lesico Group to collaborate in the light rail transit (LRT) projects in Jerusalem and Tel Aviv. The announcement came in the backdrop of a top-level Indian political and business delegation led by Prime Minister Narendra Modi visiting the Jewish nation currently. The historic visit – first time for any Indian Prime Minister – is being seen as a watermark in deepening economic and trade relationships between New Delhi and Tel Aviv. “The memorandum of understanding (MoU) between Lesico with Adventz Group will be a first for an Indian conglomerate with group company Texmaco Rail & Engineering Limited, which ...

The Dollar Business Bureau  In order to boost the textile and handloom sector, the Cabinet has approved a memorandum of understanding (MoU) with Australia on cooperation in the field of textiles, fashion and clothing. The Union Cabinet chaired by Prime Minister Narendra Modi has approved the MoU on cooperation in the textiles, clothing and fashion sectors between the Ministry of Textiles and the Department of Foreign Affairs and Trade, Australia, an official statement said on Thursday. “The MoU will enable cooperation with regards to matters within the fashion and textiles sectors which may be of mutual benefit and interest to the participants,” it added. The participants will mutually identify some appropriate measures to link the Indian and Australian fashion and textile sectors; promote partnership and international engagement ...

The Dollar Business Bureau  Reliance Infrastructure Ltd said on Thursday that its wholly-owned subsidiary Reliance Defence has signed a pact with French industrial conglomerate - Daher for manufacturing aerospace equipment. “This offers a great opportunity for both the companies to work together for aerospace composites parts manufacturer. There is an increasing demand in aerospace sector for the composite components,” said Reliance Infrastructure in a filing with BSE. Reliance Defence, while signing a memorandum of understanding (MoU) with Daher on the sidelines of Paris Air Show, envisions a strategic partnership with the company aiming to jointly explore possibilities in designing and manufacturing of composite parts; designing and building welded ducts, swaged pipes, metal conduits and cable harness supports; aerostructure components, airframes/assemblies, integrated logistics and other related ...