India and Saudi Arabia on Friday, agreed to increase investments in each other's country through joint ventures to enhance economic cooperation. Commerce and Industry Minister Anand Sharma and Saudi Arabian Minister of Commerce and Industry Abdullah bin Ahmed Zainal Alireza, agreed to regular exchange of business delegations to sensitise the businesspersons in both the countries.
Sharma met US trade representative Ron Kirk, agriculture secretary Tom Vilsack and deputy assistant to the president and deputy national security advisor for International Economic Affairs Michael Froman and other senior Obama Administration officials.
Charging the multinational companies with making several drugs beyond the reach of the poor, visiting Commerce Minister Anand Sharma today asserted it is the Indian generics which have challenged such a "suffocating stranglehold" and made the medicines affordable.
India Inc is ready to invest in Russia's pharmaceutical sector and the two governments are working on a joint document to this effect, Commerce and Industry Minister Anand Sharma has said.
Indian banks operating there are required to meet very high qualifying standards in order to do business.
The two ministers are believed to have discussed the issue of redefining foreign direct investment and foreign institutional investment to remove ambiguities.
Russia on Tuesday invited Indian pharmaceutical companies to set up joint ventures in the country. Russian Deputy Prime Minister Sergei Sobyanin during his meeting with Commerce and Industry Minister Anand Sharma said Russian pharma firms were keen to increase their engagements with Indian companies including setting up joint ventures.
Anand Mohan, Arun Kumar and Akhlaq Ahmed had filed petitions in the High Court because of denial of basic amenities and permission to meet close relatives.
Commerce Minister Anand Sharma offered 'four principles' to break the impasse in the stalled-Doha trade negotiations, insisting that only a pronounced shift towards 'development objectives' could enable 'developing countries to bring more to the negotiations'.
At present, global retail firms can invest up to 51 per cent in India and need a local joint venture partner.
Terming an American proposal to increase visa fees as discriminatory, Commerce and Industry Minister Anand Sharma on Tuesday said the increase would cost Indian firms $200 million extra a year and make them less competitive.
Congress president Sonia Gandhi also decided to convene a 'Chintan Shivir', a brainstorming session from May 13-15 in Udaipur.
He is among several leaders of Indian heritage who have ascended to the highest echelon of public service globally.
India will intensify its global economic engagement in sync with the country's profile and the government will take 'every possible step' to give a filip to the industry, new commerce and industry minister Anand Sharma said on Friday. Sharma is taking charge of the trade ministry at a time when India's exports have suffered a severe setback due to the global downturn.
Several residents of a housing complex built by the Vadodara Municipal Corporation (VMC) under a Gujarat government scheme have been staging protests against the allotment of a flat to a Muslim woman, saying the locality is meant only for Hindus.
Bollywood loves number games. And not just the rat race kind. There's a slew of movies with numbers in their title.
The project is aimed at developing an industrial zone spanning six Indian states.
Days ahead of India-EU annual summit, Commerce and Industry Minister Anand Sharma on Wednesday said a few ends are yet to be stitched for concluding the proposed Free Trade Agreement (FTA) between the two sides.
The working group members have been selected from the board of trade, which met here under the chairmanship of Commerce and Industry Minister Anand Sharma.
Commerce and Industry Minister Anand Sharma said he had strongly brought up India's concern over the denial of professional visas for its workers, in his meetings with senior Obama Administration officials.
India will unveil a single policy for foreign direct investment, including in sectors such as financial services, insurance and banking by March 31, Commerce and Industry Minister Anand Sharma has disclosed.
Bollywood stars welcomed Lord Ganesha into their homes with love and fanfare and posted beautiful pictures on social media.
The India and US delegation level talks finalised many issues taking the partnership forward in the 21st century, Anand Sharma, Minister of Commerce and Industry, said while talking to rediff.com.
India's exports need free trade and reform. The government, however, is extending failed schemes.
Singh is accompanied by External Affairs Minister Salman Khurshid, Renewable Energy Minister Farooq Abdullah, Human Resource Development Minister M M Pallam Raju and Science and Technology Minister S Jaipal Reddy.
The government in December had announced incentives for exporters that include extension of two per cent interest subsidy for an additional one year ending March, 2014.
Prime Minister Manmohan Singh on Thursday left Durban for home, ending a four-day visit during which he attended BRICS (Brazil, Russia, India, China and South Africa) Summit that decided to establish a development bank to finance infrastructure projects in emerging economies.
The highlight of the first BRICS Summit on the African soil is the possible setting up of a development bank for undertaking infrastructure and development projects.
Opposition charged the government with making Parliamentary Standing Committees irrelevant.
The decision to revise the target by $10 was taken in New Delhi at the India-Africa Ministers Round Table conference chaired by Commerce, Industry & Textiles Anand Sharma.
The government on Wednesday ruled out banning export of onion saying the spurt in domestic prices was "temporary" caused by unseasonable rains and market closures.
A week ahead of the RBI reviewing the monetary policy with expectations of a policy rate hike, Commerce and Industry Minister Anand Sharma has cautioned that raising cost of borrowing "may not be suitable" tool to rein in inflation.
South African President Jacob Zuma thanked Commerce Minister Anand Sharma for India's support in the matter, when the two met here this morning. India had been lobbying for South Africa's inclusion.
Manufacturing growth in Bihar stood at 15 per cent in 2010-11 against 15.2 per cent a year ago and 21.9 per cent in 2008-09, according to data provided by Commerce and Industry Minister Anand Sharma in a written reply in the Lok Sabha.
Given the return of near 9 per cent growth, and that too a more broad-based growth covering rural and urban areas, and against the background of rising support prices for farmers, it is now clear that excess demand has come to play a larger role in exerting pressure on the price line.
Officials from India and the Association of Southeast Asian Nations would resume their talks to widen of the scope of a Free Trade Agreement with the 10-nation trading bloc to cover services and investment.
2023 is the year of records. So many have been broken and so many more milestones achieved.
Union Commerce and Industry Minister Anand Sharma has warned countries trying to introduce protectionist measures that this would not only be counter-productive, but also deepen the recession and delay recovery.
Commerce and Industry Minister Anand Sharma and the US Trade Representative Ron Kirk would sign the India-US Trade Policy Forum Framework for cooperation on trade and investment in Washington on March 17.
The minister also exuded confidence that India would be able to sustain 20 per cent export growth in the current fiscal.
