Indias journey has been from brain drain to brain gain: PM
By Vanita Peter D’souza & Neha Dewan | The Dollar Business Inaugurating the three-day Global Exhibition on Services (GES) in the capital on Thursday, Prime Minister Narendra Modi aptly summarized India’s evolutionary journey from brain drain to brain gain. He said that this results from the growing potential of skill-based services. The PM said that importance should be given to the fact that we as a nation have 65% of the population below the age of 35 years. “In the coming years, this average will reduce further. We as a nation should keep this in mind and prepare our development model accordingly,” he said. This is India’s first GES, with an aim to create a global platform for increased ...
India- Iran FTA to boost bilateral trade
The Dollar Business Bureau Iran has reportedly proposed a Free Trade Agreement (FTA) with India in a move to boost the bilateral trade and investment. The talks on this matter have come for discussion during the Indian Commerce Secretary, Rajeev Kher’s, recent visit to Tehran for the first meeting of joint working group of both the countries, according to the reports. The information on this matter was given by the Commerce Secretary Rajeev Kher, who also said to have responded over the matter saying, ‘India will consider the matter positively and will respond after taking an appropriate mandate from the relevant stakeholders’. The Commerce Secretary also said that both the sides have also agreed upon cooperation in sectors including ...
Top bureaucrats bat for the new Foreign Trade Policy
Neha Dewan | The Dollar Business A day after the Foreign Trade Policy (FTP) was unveiled, Commerce Secretary Rajeev Kher and Director General of Foreign Trade (DGFT) Pravir Kumar addressed the industry and media at the National Seminar on Foreign Trade Policy organised by FICCI in the capital. Kher said the policy statement has laid down a framework to increase exports of goods and services and would help in boosting employment, as well as increasing value addition in the export basket. “The FTP statement for 2015-20 basically rests on five major planks. These include dovetailing trade policy with domestic policy; aligning it with the thrust on manufacturing and services; synchronising it with the ecosystems that are sought to ...
India for FTAs with Russia, Peru for enhancing trade
The Dollar Business Bureau India will soon sign a Free Trade Agreement (FTA) with Russia and Peru as a process of enhancing trade partnerships with these nations. The Commerce Secretary Rajeev Kher made these statements on Thursday, speaking at an International Engineering and Technology Fair (IETF)-2015 organised by the Confederation of Indian Industry. The Commerce Secretary said that a joint working group has been setup to analyse India’s trade feasibilities with Russia, Peru and further negotiations for trade pact will start after the group submits its report, which is expected to happen in the next three to six months. The Government of India is also mulling to enhance its economic cooperation with other nations including Africa, South Asia, West ...