Having invested close to $15 billion in Indonesia, Indian firms have lined up further $15-16 billion investments.
Far from the political noise generated by state assembly elections, Congress President Sonia Gandhi and Leader of Opposition Sushma Swaraj on Tuesday had lunch together at a five-star hotel in Johannesburg soon after attending the memorial service of anti-apartheid icon Nelson Mandela.
The Commerce Ministry, according to an official, has proposed interest subsidy for different sectors like engineering which are reeling under the impact of global economic slowdown.
FDI inflows in the manufacturing sector rose by almost 45 per cent between October last year and this February.
India's IT services sector witnessed 4.2 per cent growth in 2012-13.
The talks for normalising trade had begun in November 2011.
The government is believed to be working on a strategy to resolve the matter related to Wednesday's Supreme Court order asking Samsung Electronics Chairman Lee Kun-hee to appear within six weeks before the Ghaziabad trial court in a pending payment case.
The government should stick to the recent clarifications released on FDI in multi-brand retail trading and not ease the conditions for foreign retailers.
The Cabinet on Thursday approved the stand taken by India at the recently concluded WTO meeting in Bali which endorsed New Delhi's point of view with regard to food security plan and trade facilitation pact.
Gold imports, which peaked at 162 tonnes in May, came down to 19.3 tonnes in November.
Prices of automobiles, including cars, sports utility vehicles and two-wheelers, are set to come down with Finance Minister P Chidambaram announcing a reduction in excise duty in the Interim Budget.
In a comment loaded with sarcasm, Bharatiya Janata Party on Monday said former Prime Minister Manmohan Singh had wanted to do a lot of things during his tenure but "so many super PMs" had prevented him, triggering protests from Congress members.
In a bid to strengthen their bilateral economic ties, India and Indonesia plan to explore opportunities for co-operation in oil and gas, and railway sectors, among other areas.
The warning came after Nokia Chairman and interim chief executive officer Risto Siilasmaa met Commerce Minister Anand Sharma and tax authorities in a bid to resolve the Rs 21,153-crore (Rs 211.53 billion) liability it faces.
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 successful conclusion of the Doha round of trade negotiations would substantially augment global trade, Indian Minister of Commerce and Industry Anand Sharma said here.
The annual talk-fest of rich and powerful from across the world in snow-laden Alpine resort town of Davos will be attended by nearly 40 heads of government among more than 2,500 global leaders from over 100 countries.
In his attempt to revive a beleaguered Congress, Rahul Gandhi is trying to bring in new leadership in the form of Rajeev Gowda and BK Hari Prasad, whose names have been nominated for the Rajya Sabha, says Renu Mittal.
India and China took their economic relationship a step forward today, signing a memorandum of understanding on 'Expansion of Trade and Economic Cooperation' and recognising the need for "balanced trade".
The Bangladeshi government has clearly said it will not give access to the port unless India resolves the Teesta river issue.
The project is aimed at developing an industrial zone spanning six Indian states.
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.
All those in the Union council of ministers with two portfolios are likely to lose at least one and major administrative changes are expected in a Cabinet reshuffle due on October 28 or 29 on the return of President Pranab Mukherjee from Durga Puja celebrations in West Bengal.
Keeping in view the approaching Lok Sabha elections, the All Indian Congress Committee has appointed a battery of high-profile spokesmen for the Congress to showcase the achievements of the last 10 years of United Progressive Alliance government and publicise the various sectors where the UPA has performed. Renu Mittal reports
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.
The target of $500 billion in bilateral trade by 2020 is doable, feels Anand Sharma.
Union Minister for Commerce and Industry Anand Sharma has shrugged off the recent irritants that have cropped up less than six weeks before US President Barack Obama makes his visit to India as 'transient negativity', and predicted they would 'get dissipated' soon.
India did not yield any major ground on trade facilitation while it managed to successfully push its stand on food security issues through the WTO meeting in Bali, a top official said.
Finance Minister P Chidambaram on said that financing current account deficit (CAD) year after year is a challenge and the only way to deal with the problem is by increasing exports.
The chief minister said that he had received Sharma's letter regarding the union cabinet's decision for liberalisation of the Foreign Direct investment policy in multi brand retail.
The centre will be cautious in withdrawing the fiscal stimulus packages given to key-sectors and will do so only after ensuring growth is sustainable in the economy, Union Minister for Commerce and Industry Anand Sharma said.
US President Barack Obama would meet Prime Minister Manmohan Singh on the sidelines of the G-20 Summit in Toronto, a top Indian official said Wednesday. "The Prime Minister would be traveling for the G-20, he will be meeting President Obama," Union Minister of Commerce and Industry Anand Sharma told Indian media-persons in Washington.
External Affairs Minister Salman Khurshid's daylong "goodwill" visit to Nepal on July 9 will give him an opportunity to meet top functionaries of its interim election government as well as the leaders of the main political parties.
In a major reform push, government on Thursday approved 100 per cent foreign direct investment (FDI) in the telecom sector, meeting a key demand of the fund-starved industry.
The 10-member ASEAN described the Indo-US nuclear deal as an extremely positive step, hoping that the two countries would be able to conclude the pact soon.
Talking tough, India on Friday threatened to drag the European Union to the World Trade Organization if the 28-nation bloc did not lift its ban on the import of Indian mangoes and vegetables.
The development of the industrial corridor will bring about a revolution in the use of green technologies.
The Obama administration has not received any specific assurances from India that it will help carry the developing countries with it to help successfully complete the stalled Doha Development Agenda, but the fact that New Delhi is hosting the World Trade Organization ministerial meeting exudes optimism in this regard, US Trade Representative Ron Kirk has acknowledged
Over the past five years, US-India trade has more than doubled and the US continues to be India's largest trading partner -- if goods and services are counted -- a total bilateral trade standing at $65.9 billion in 2009.
Worried over excessive outflow of foreign exchange as royalty and fees for technology transfer and use of brand names, Commerce and Industry Minister Anand Sharma wrote to Finance Minister P Chidambram on the matter.
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