Modi reaches France, hold talks on terrorism, NSG with Macron
The Dollar Business Bureau On the fourth leg of his four-nation tour, Prime Minister Narendra Modi reached France today during which he will hold discussions with French President Emmanuel Macron on a number of major issues such as terrorism, climate change and India's membership bid for Nuclear Suppliers Group (NSG). “Reached France for a vital visit to enhance ties with one of our most important strategic partners,” Modi said in a tweet after landing in Paris. Modi arrived in France after concluding his Russia’s visit during which he had discussions with President Vladimir Putin and also attended the St Petersburg International Economic Forum. Modi started his four-nation tour with his visit to Germany, formsthen he visited Spain, and held talks with the leaders of the both the countries. During ...
After Modis Germany visit, what do Spain and France hold for India?
The Dollar Business Bureau After completing his engagements in Germany, Prime Minister Narendra Modi arrived in Madrid, the capital of Spain, on the second leg of his four-nation, 6-day tour focussed at enhancing bilateral economic cooperation with these four nations and to invite more investments into India. “Landed in Spain, marking the start of a very important visit aimed at improving economic and cultural relations with Spain,” Modi tweeted just after landing in Spain. Modi will be the first Indian Prime Minister to visit Spain in around 30 years. The last one was in 1988 by the then Prime Minister Rajiv Gandhi. “Hola Espana! Prime Minister Modi arrives in Madrid, first visit by an Indian Prime Minister in nearly three decades, is received by ...
India, Russia review joint projects before Modi-Putin summit
The Dollar Business Bureau As India and Russia gear up for a summit on June 1 between Prime Minister Narendra Modi and Russian President Vladimir Putin, the two sides on Wednesday agreed to take forward joint projects in various sectors such as nuclear energy and collaborative projects in other countries. Both sides reviewed the progress on implementation of several key joint initiatives in economic areas at the India-Russia Inter-Governmental Commission on Trade, Economic and Cultural Cooperation (IRIGC-TEC) meeting, a forum for addressing key issues related to bilateral ties. During the meet, there was convergence of interests and views on a range of issues, according to a statement by the Ministry of External Affairs (MEA). The meeting was co-chaired by Indian External Affairs Minister Sushma Swaraj and Russia’s ...
BRICS Bank set to begin operations from next month
The Dollar Business Bureau The BRICS New Development Bank set up by a grouping of five countries—Brazil, Russia, India, China and South Africa— will become operational from July 7. The new currency reserve, similar to the World Bank and International Monetary Fund (IMF), will start functioning with the first meeting of its board of governors to be held in Moscow on July 7, Russia’s Deputy Finance Minister Sergei Storchak reported to have said at the St Petersburg International Economic Forum (SPIEF) on Friday. The New Development Bank having initial fund of $100 billion is aimed at providing financial help to members of the BRICS in case of any emergency. India’s K V Kamath will be the first President of the bank ...
CII inks MoU with the Russian Chamber of Commerce and Industry
The Dollar Business Bureau In order to strengthen bilateral economic cooperation between India and Russia, the Confederation of Indian Industry (CII) signed an MoU with the Russian Chamber of Commerce and Industry. The industry body is also leading a CEO delegation to St. Petersburg International Economic Forum (SPIEF) which is being held in Russia. Commerce Minister Nirmala Sitharaman had an interaction with the delegation wherein they discussed the potential collaboration with their Russian counterparts. Some of the issues highlighted during the meeting included the possibility of Rupee-Rouble trade, financing for oil trade, barter trade in commodities etc. She said that efforts are being made by the Indian government to address these issues with the Russian government. “Russian Government was keen to ...
Russian companies showing interest in doing business with India
The Dollar Business Bureau Deputy Minister of Economic Development of the Russian Federation, Aleksander Tsybulskiy said that Russian companies are showing renewed interest in doing business with India post President Vladmir Putin’s visit to the country in December 2014. Tsybulskiy was speaking at the Business Roundtable, “Russia-India: Mutual Investment Opportunities”, during the St. Petersburg International Economic Forum (SPIEF) being organized in St. Petersburg, Russia. Industry body CII organized a CEO delegation representing leading Indian businesses at SPIEF and at the India Russia Business Roundtable. Sumit Mazumdar, President, CII in his address highlighted the need for Russian companies to participate in sectors such as nuclear energy, renewable energy, oil and gas and defence manufacturing in India. In sectors such as ...
