Eurofighter Typhoon, India-EU trade pact on agenda for April 11.
Sharma was speaking to reporters after Coca Cola Co chairman and CEO Muhtar Kent met him at his office.
With a view to simplify foreign direct investment process, the government plans to introduce a single FDI document by end-fiscal and is currently discussing the various modalities, Commerce and Industry Minister Anand Sharma said on Monday.
India has not changed its position on agriculture and industry at the World Trade Organisation negotiations on freeing global trade to protect the interests of its farmers and small enterprises, Commerce and Industry Minister Anand Sharma has said.
India with its promise of higher return on investments offers boundless opportunities for corporate America to invest in the country, particularly in manufacturing and infrastructure, Commerce and Industry Minister Anand Sharma has said.
The company is preparing Information and Communications Technology master plan for four smart cities proposed under the DMIC project.
Ahead of the third quarter monetary policy review by the Reserve Bank later this month, Commerce and Industry Minister Anand Sharma has opposed monetary tightening, saying fund flows to the industry have not caused food inflation.
The government liberalised FDI policy in sectors, including multi-brand retail, single-brand retail, commodity exchanges, power exchanges, broadcasting, non-banking financial institutions and asset reconstruction companies.
The 'worst' for Indian exports, which are in the negative territory since October 2008 due to the global recession, seems to be over, Commerce and Industry Minister Anand Sharma said.
Contesting the US charge that Indian FDI rules are "opaque", Commerce and Industry Minister Anand Sharma on Tuesday said the country follows a simplified direct investment regime.
"We are very clear it is an absolute must in the bouquet of energy resources which have to be accessed," Commerce and Industry Minister Anand Sharma told a gathering of top US c corporate leaders and those from the US government at the annual summit of the US India Business Council (USIBC).
The task force was set up in July 2011. Although the industrial production during March improved to 2.5 per cent, the factory output during 2012-13 worked out to be only 1 per cent, down from 2.9 per cent in the previous fiscal.
Exports are expected to grow by 10-15 per cent in the current fiscal, FIEO director general and chief executive officer Ajay Sahai said.
Exporters, facing slump in demand in the major markets of the US and EU, are expecting incentives in the foreign trade policy, to be unveiled in the second half of the month. The FTP broadly spells out the segments of priority in external trade and also gives incentives and disincentives, depending on the country's needs.
Saturday would mark the completion of a year of history being made in India-Pakistan trade relations.
According to government statistics, Indian IT firms support 280,000 jobs in the US and have contributed about $15 billion to the US Treasury in the past five years.
The need of the hour is a rule-based multilateral trading regime, which takes on board developmental aspirations of the poor countries and at the same time ensures better access for all. "That is what we shall be striving for," said Commerce and Industry Minister Anand Sharma. He said Prime Minister Manmohan Singh has made commitments that the Doha trade talks, the latest round of which was stalled in July 2008, be concluded successfully.
Commerce and Industry Minister Anand Sharma today assured exporters of government mediation to ensure that they get foreign currency loans at the new lower rate set by the RBI amid complaints against banks levying additional charges.
The downward slide in Indian exports following recession in major markets of the United States and Europe, has been arrested, Commerce and Industry Minister Anand Sharma informed the Rajya Sabha on Wednesday.
In the face of stiff opposition in Parliament to foreign direct investment in retail, Commerce and Industry Minister Anand Sharma on Monday sought to reach out to MPs and state chief ministers and appealed to them to rise above 'petty' partisanship on the issue.
India on Tuesday said that several actions taken by the US with regard to offshore outsourcing and other trade issues are "not welcome at all".
Although Infosys was given 50 acre at Rajarhat for setting up its first development centre in West Bengal, the firm was insisting on getting special economic zone status, which the state was not keen to consider due to political reasons.
Union Commerce and Industry Minister Anand Sharma has protested, on behalf of the corporate sector, against the Union environment and forests ministry's 'unreasonable environment regulations' being clamped on the industrial projects.
The commerce ministry has sought a review of foreign direct investment policy in the pharmaceutical sector, in the light of recent takeovers of domestic companies by multinationals.
The two ministers are believed to have discussed the issue of redefining foreign direct investment and foreign institutional investment to remove ambiguities.
Commerce ministers of the three countries, who met in Pretoria on Tuesday, also decided to hold formal annual trilateral talks to boost intra-IBSA trade.
"India and Indonesia can do much more in the changing world," Sharma said at a reception hosted by the India-Indonesian Chamber of Commerce last night.
Novartis' threat that it would not introduce new medicines in India after the verdict is hollow, says Anand Grover.
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.
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 decision to allow 51 per cent foreign direct investment in multi-brand retail was announced in November last year.
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'.
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.
We welcome all companies from India to come and invest and do business there. We have almost no restrictions in any sector at all. However, we expect similar reciprocity in India for our apples, pistachios, helicopters, and disaster relief materials, besides other products. We do not restrict such items from entering the US markets.
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.
In an open letter to Prime Minister Manmohan Singh and to Union Commerce Minister Anand Sharma, the industry body has outlined its view on the climate change negotiations based on Indian industry's feedback and called for the prime minister to urge the developed world to provide technology transfer and funds to help mitigate the crisis.
Minister says rupee and market surge caused by current recovery in the external sector, 8% economic growth possible in next three years.
The minister is on a two-day visit to Russia for India-Russia Business Dialogue, held under the umbrella of the St Petersburg International Economic Forum 2012.
After dithering for months, if not years, the government suddenly unleashed a barrage of reforms.
As Commerce and Industry Minister Anand Sharma ruled out any possibility of a compromise, whispers were already being heard of a possible collapse of the talks.
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