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.
Centre has lifted the ban on exports of a certain variety grown in Karnataka.
Of late, Indian businessmen have been complaining about difficulties in obtaining German visas.
The party asked Prime Minister Narendra Modi why a conspiracy was being hatched to destroy the minimum support price (MSP) system and snatch the livelihood of 62 crore farmers.
At present, a maximum of 26 per cent is allowed in the defence sector.
Commerce and Industry Minister Anand Sharma has asked global retail chains not to rush the government into allowing foreign direct investment (FDI) in multi-brand retail.
As the shadow of governance deficit and corruption back home threatened to lengthen behind the glorious Davos sun, India's image managers launched a spirited damage control exercise on the penultimate day of the World Economic Forum (WEF).
India and 24 other trade ministers agreed to step up efforts to conclude a multilateral trade deal under the Doha Round this year itself.
The Prime Minister's Council on Trade and Industry comprising top industrialists and bankers met on Wednesday and reviewed the economic situation, particularly in the wake of the European financial crisis.
A day before the informal meeting of the WTO, India, China and South Africa on Friday said the developing countries are being asked to further open their markets without any reciprocity from the rich nations, as per the draft proposals for a multilateral agreement.
The remark by Agrawal was expunged by the chair even as it came for a strong condemnation from the BJP.
Commerce Minister Anand Sharma is in a fighting mood, blasting everybody, more so the media, the moment you offer any criticism of the Commonwealth Games that will open in New Delhi on October 3.
Commerce and Industry Minister Anand Sharma today assured Korean trade minister Kim Jong-Hoon that the stalled $12 billion-project of Korean steelmaker Posco would soon be resolved by obtaining the pending approvals.
With large FDIs moving to Africa, India should focus on more than just development aid to build sustainable ties with the continent. The African continent has been clearly recognised as the next big market for trade and investment globally.
Dubbing Pakistan's decision to ban onion exports across the Wagah border as "shocking", India on Thursday said the issue has been taken up with the concerned authorities in Islamabad.
In her condolence message for Patel, who served as her political secretary for years and was the All India Congress Committee treasurer, party chief Sonia Gandhi said, 'In Shri Ahmed Patel, I have lost a colleague, whose entire life was dedicated to the Congress Party.'
Announcing the annual Foreign Trade Policy, Anand Sharma said recovery in global economy so far has been fragile and uneven.
On December 13, 2001, five heavily-armed gunmen stormed the Parliament complex and opened indiscriminate fire, killing nine persons.
The Bill, which also seeks to empower the government to impose quantitative restrictions on import to protect the interest of domestic industry, was approved by the Rajya Sabha earlier.
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.
The senior leader said there an all-round support for Sonia and Rahul Gandhi is "apparent to anyone who is not blind".
The document consolidating all the aspects of foreign direct investment policy and framework will be released by commerce and industry minister Anand Sharma, an official said.
With the pressure on for the European Union (EU) and India to come up with a significant announcement at the upcoming EU-India summit on December 10, a flurry of activity surrounding the ongoing negotiations for a bilateral free trade agreement (FTA) is giving momentum to the process.
Noting that SMEs in India account of substantial part of domestic production and that 40 per cent of the manufacturing and exports come out of SMEs, the minister said that SMEs, particularly the medium enterprises, are great incubators of technologies and that such an initiative would make the bilateral trade and commerce more meaningful.
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.
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.
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.
A trade agreement between the two nations would have to factor in US' concerns about IPRs and India's anxiety about market access.
Helped by an impressive 46.4 per cent rise in June, exports grew by a hefty 45.7 per cent in the first quarter of the current fiscal despite uncertainties in the US and European markets.
"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 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.
Finance Minister has proposed to levy MAT of 18.5 per cent on the book profits of Special Economic Zone developers and units.
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.
Along with rising exports, the imports too went up by 54.1 at $40.9 billion during the month, pushing up the trade deficit to $15 billion during May. Imports grew highest in the last four years.
The chairman and CEO of Dow Chemicals Andrew Liveris will not attend the Indo-US CEO Business Forum meeting scheduled to be held in Washington.
Finance Minister Pranab Mukherjee is leading a high-powered team of policymakers, including Commerce Minister Anand Sharma and Planning Commission Deputy Chairman Montek Singh Ahluwalia at the India-US CEOs Forum.
Commerce Minister Anand Sharma and Planning Commission Deputy chairman Montek Singh Ahluwalia will also participate in the India-US Business CEOs Forum Meeting.
The issue, which has an impact on the Indian IT industry, came up for discussion between visiting US Commerce Secretary Gary Locke and Commerce and Industry Minister Anand Sharma in New Delhi.
The Forum will host a special session on 'The reality of terrorism', to be initiated by Union home minister P Chidambaram. The deputy chairman of the Planning Commission, Montek Singh Ahluwalia, and commerce and industry minister Anand Sharma will be part of the Indian delegation.
"In the next five years, we are aiming to have $ 250 billion FDI coming into India," Commerce and Industry Minister Anand Sharma said at a CII function in New Delhi.
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