It is unpredictability which is bound to have a very negative spin-off which needs to be avoided, said Trade Minister Anand Sharma.
So far 15 rounds of negotiations have been held.
Anand Sharma said the Rs 2,060-crore Jet-Etihad deal falls in line with new 'control' definition.
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.
During the talks, both sides failed to reach on a conclusion and has agreed to meet again in June.
The company is preparing Information and Communications Technology master plan for four smart cities proposed under the DMIC project.
Minister says states have no legal way to revoke decision.
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 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.
Rejecting the contention that adequate consultations were not held with stakeholders on Foreign Direct Investment in retail, Commerce and Industry Minister Anand Sharma on Thursday dared the Opposition to bring privilege motion against him in Parliament.
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.
Sharma said both US President Barack Obama and Indian Prime Minister Manmohan Singh are firmly committed to take this relationship to greater heights.
Sources say the US retail giant's chief reluctant to meet again after Nov 1 meeting was cancelled
India's commerce and industry minister Anand Sharma said that from 2012 the country would be able to attract 50 billion dollars annually.
Sharma, who has been regularly reviewing the situation with senior officials, has expressed concern over the drop in industrial performance in the recent months, the statement said.
According to the minister, India needs to expand its manufacturing sector to boost exports and ensure sustainability.
Multi-brand foreign retailers such as Walmart, Metro, Carrefour and Tesco have already invested in India under cash-and-carry arrangements.
The Enforcement Directorate has been asked to investigate alleged violation of FDI regulations by e-commerce company Flipkart Online Services and cash & carry chain Bharti Walmart.
Commerce and Industry Minister Anand Sharma and European Union Trade Commissioner Karel De Gucht concluded another round of talks on Monday at the European Commission headquarters in Brussels, which the Commission said 'provided a renewed momentum to bring the negotiations forward'.
Sharma was speaking to journalists while returning with Prime Minister Manmohan Singh from Cambodia last night on special aircraft after attending the ASEAN and East Asia Summits.
Part of the official delegation accompanying Prime Minister Manmohan Singh to the Association of South East Nations summit in Phnom Penh, Cambodia, he was briefing the media on board the aircraft earlier on Sunday.
Eurofighter Typhoon, India-EU trade pact on agenda for April 11.
Says Indian Patent Law conforms fully with global obligations under the WTO IPR pact-TRIPS.
Without engaging with Pakistan, South Asian economic integration would not be possible
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.
The meeting, which would have representation from the ministries of finance, external affairs and micro and small and medium enterprises, would suggest steps to prepare the way for the annual supplement to the Foreign Trade Policy (2009-2014), expected to be unveiled in April.
Worried over continuous decline in exports, the Commerce Ministry has stepped up its pressure on Finance Ministry to expeditiously notify a scheme which was announced in June to boost the overseas shipments.
The United Nations Media Department on Thursday made a faux pas when it identified Commerce and Industry Minister Anand Sharma as his Cabinet colleague Kamal Nath.
When IKEA's CEO & India's industry minister sealed a deal in-principle last year, foreign investors took note.
Earlier govt said it won't allow it to sell items such as textile products and office supplies.
Ten states and Union Territories had endorsed FDI in the sector by August 13.
India and Indonesia today agreed to fast track the ongoing negotiations for early conclusion of the proposed comprehensive market opening pact, aimed at enhancing bilateral economic engagement between the countries.
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.
As the rupee fell below the 68-mark and global agencies painted a gloomy outlook for the economy, the government on Wednesday sought to reassure investors by saying there was no need for panic as the decline in the domestic currency was a reflection of "irrational sentiment."
The immediate trigger is the environment ministry's latest policy of asking corporates to mandatorily commit five per cent of project investments in environment protection measures.
The initiatives announced by Commerce and Industry Minister Anand Sharma as part of the annual supplement to the Foreign Trade Policy are aimed at pushing exports which declined by 1.76 per cent to $300.6 billion during 2012-13 and pushed up the trade deficit to $190.91 billion.
India's exports during 2012-13 declined 1.76 per cent to $300.6 billion mainly on account of slowdown in the global economy, Commerce and Industry Minister Anand Sharma said.
The country feels that the talks are necessary to revive the global economy.
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