Search Result for : Senior Trade Investment Commissioner

The Dollar Business Bureau Finance and Corporate Affairs Minister Arun Jaitley said on Wednesday India and ASEAN nations represent an aspirational world in the times when the world is looking inwards. “One of our greatest challenges today is that the world has increasingly started looking inwards,” Finance Minister said while speaking at the ASEAN-India Business Meet and Expo organised by Confederation of Indian Industry (CII) in cooperation with the Finance Ministry and External Affairs Ministry. “In such protectionist times, India and the ASEAN nations represent an aspirational world which represents about 2 billion people,” he added. Jaitley pointed out that India as well as ASEAN were growing fast at a time when the world was slowing down. The two regions represent areas which were ...

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 ...

The Dollar Business Bureau  The Indian government is planning to bring out a set of procedures to begin investigating the imposition of safeguard duty against imports from South Korea. India and South Korea have signed a Comprehensive Economic Partnership Agreement (CEPA) on January 2010 and a subsequent review in the agreement in 2016, brought forth the reduction/elimination of duties on various products.  The move by the government comes in the wake of a surge of gold imports from South Korea which is worrying the domestic producers. The Indian Revenue department has notified the India-Korea Comprehensive Economic Partnership Agreement (Bilateral Safeguard Measures) Rules, 2017, for laying out the procedures for such safeguard investigations. This is necessary as India needs to have separate rules ...

The Dollar Business Bureau The influential House Appropriations Committee in its report accompanying the annual Appropriations Bill 2018, said that several policies adopted by the Indian government to boost its economic growth, protect domestic manufacturing, actually discriminated against US exports and investments. 'India, while striving to improve its economic growth, has been enacting a series of policies to increase domestic manufacturing and protect domestic industries and agricultural production that discriminate against US exports and investment,' the Committee said. The report was prepared in conjunction with the US Commerce, Justice, Science and Related Agencies Appropriations Subcommittee that has several agencies under its control that combat gangs, drug trafficking, violent crime, terrorism espionage, financial fraud; enforcing trade laws; exploring science, space; managing fisheries etc. The Appropriations ...

Sourced from Press Information Bureau The Eighteenth Session of India-Sweden Joint Commission for Economic, Industrial and Scientific Cooperation (JCEC) was held in New Delhi on May 17, 2017.  The Indian delegation led by Nirmala Sitharaman, and the Swedish delegation led by Ann Linde, Minister for Trade and EU Affairs, Ministry for Foreign Affairs, expressed their satisfaction that considerable substance and contents had been added to bilateral relations during the last 2 years and reiterated their mutual desire and commitment to further strengthen the existing trade and investment relations and all-round bilateral cooperation.  The deliberations at the JCEC meeting provided an excellent opportunity to review the current state of ongoing cooperation in diverse fields such as Trade and Investment, Sustainable Urban development, Micro Small ...

PTI Bullish on India's growth, major French companies will be investing about euro 8 billion in the country in next few years. "Leading French companies will invest some 8 billion euros in Indian market over the few years," French Ambassador to India Alexandre Ziegler said on the sidelines of a CII event here today. French majors had already invested euro 20 billion in the country accounting for the third largest FDI inflow from the European country. In his presentation, the ambassador emphasised that France did not look at India as just a market but as a partner and so it participates strongly in 'Make in India' along with innovation. "There is 25 research and development centers by French companies in India," ...

The Dollar Business Bureau   GMR Infrastructure Ltd said on Monday that Tenaga Nasional Bhd (TNB), Malaysia’s largest power utility company, will invest $300 million in its subsidiary GMR Energy Ltd (GEL). “Tenaga Nasional Berhad has agreed to invest about Rs.2,000 crore ($300 million) for a 30 percent stake in select portfolio of assets in GMR’s energy arm GEL,” the company said in a statement. The funds from the sale of stakes would mainly be utilised for repaying the corporate debt, it added. After this deal, GMR Infrastructure would be able to lessen down its corporate debt to Rs.4,300 crore from the existing Rs.6,300 crore. The company said that this would lead to a decline in consolidated corporate debt of GMR Infrastructure and will result in ...

Aamir H Kaki   Exports are vital for the growth of the country but due to sluggish global demand, India needs to focus on the domestic market, said Amitabh Kant, CEO, NITI Aayog, while addressing a conference, organised by the Confederation of Indian Industry (CII) on Friday in New Delhi. Laying emphasis on making India a favorable destination, he said. “The key for growth is that India must become a favourable destination for doing business." And for that to happen, the government must simplify the processes needed to do business. Lauding the government's efforts in these areas, he said a number of reforms, from licenses to bankruptcy codes have been undertaken by the government especially in the last few years. “However, the challenge is to ...