The country must get its act on global alliances right in order to feed its fuel-hungry economy, points out Subhomoy Bhattacharjee.
Without making big-ticket changes in the economic ministries, Prime Minister Manmohan Singh on Tuesday shifted Law Minister M Veerappa Moily to the ministry of corporate affairs and inducted young Milind Deora in his council of ministers.
The issue was taken up at a meeting in New Delhi between Commerce and Industry Minister Anand Sharma and visiting Polish Foreign Minister Radoslaw Sikorski.
In Andhra Pradesh, a maximum of 2,044.15 hectares of land are lying vacant.
The India-China trade is on course to reach the USD 100 billion target by 2015, but New Delhi is concerned over galloping gaps between India's exports and imports from China.
As per the well-established system, all the 249 public sector units are to sign a memorandum of understanding with their administrative ministries, setting the performance targets which are reviewed at the end of the fiscal year.
Grant of the status to India would help in further boosting trade between the countries.
At present, global retail firms can invest up to 51 per cent in India and need a local joint venture partner.
Indian industry, particularly the IT sector has been concerned over increasing resistance to outsourcing in the developed world.
FDI inflows in the manufacturing sector rose by almost 45 per cent between October last year and this February.
Mother plant apart, the project involved 54 ancillary units, which meant enormous employment potential. People would have had the experience of seeing a modern industry.
Anil Ambani, chairman of the Anil Dhirubhai Ambani Group, has shown interest in meeting the West Bengal chief minister separately, ahead of the investors' meeting slated for June 18.
He said South Africa would like to export more value added products to these countries, according to the daily Business Report.
A meeting of the Board of Trade, an advisory body to the Commerce Ministry, is likely to be held on October 11, a ministry official said.
Asks India Inc for a list of concerns in 4 weeks, to coordinate policy response within 60 days; FM says prevailing cynicism based on perception, not facts.
Beyond announcements and optics, key projects have hardly moved under the Yogi government, reports Virendra Singh Rawat.
Commerce and Industry Minister Anand Sharma on Wednesday met Environment Minister Jayanthi Natrajan to resolve the inter-ministerial differences over a proposal to ease environment laws in the manufacturing policy.
Some of the crucial proposals have been foiled in the recent past due to non-viable land cost.
"It was agreed that the first meeting for this purpose (starting of negotiations for comprehensive economic cooperation agreement) would be scheduled by June or July," India's Commerce and Industry Minister Anand Sharma told reporters at a joint press conference with Australian Trade Minister Craig Emerson in Canberra, Australia.
Tamil Nadu Industries Minister S P Velumani has alleged that a granites firm owned by Dayanidhi Alagiri, Union Minister M K Alagiri's son, has been indulging in illegal quarrying of granite worth crores of rupees in and around Melur near Madurai.
After emerging as the single largest party but failing to secure a simple majority in the Kalyan-Dombivali Municipal Corporation elections, Shiv Sena on Monday started negotiations with Raj Thackeray-led Maharashtra Navnirman Sena, a party source said in Mumbai.
The TERC, which comprises, among others Finance Minister Pranab Mukherjee, Commerce and Industry Minister Anand Sharma and External Affairs Minister S M Krishna, will also review the state of play in the Doha Round of talks for a multilateral trade agreement under the aegis of World Trade Organization, sources said.
The government on Wednesday expressed disappointment over China not fulfilling its promise to import more IT, ITeS and pharma products, which could help reduce the hugely-tilted trade imbalance favouring Beijing.
Two weeks after the Bombay high court transferred investigation of Chintu Shaikh case to the Central Bureau of Investigation, the central agency on Friday registered a first information report against Nitesh Rane, the son of Maharashtra Industries Minister Narayan Rane.
The United Progressive Alliance government had opened the multi-brand retail sector for foreign investment and allowed up to 51 per cent foreign direct investment in the sector.
At present, there is no direct air connectivity between India and Myanmar.
Commerce and Industry Minister Anand Sharma will be meeting Finance Minister Pranab Mukherjee to make a case for the extension of one of the most popular incentives to exporters, the Duty Entitlement Passbook Scheme (DEPB), which is slated for expiry on June 30. DEPB is a duty reimbursement scheme, launched 14 years earlier.
"We will not let Mamata Banerjee's 26-day fast for Singur go waste. I have asked for the lease agreement and all correspondence with Tata Motors by Tuesday," Partha Chatterjee, who took charge as West Bengal commerce and industry minister, said.
The death toll in the massive explosion at an industrial unit in Dombivali township of the district has risen to six while 159 injured were undergoing treatment, a senior official said on Friday.
Commerce and Industry Minister Anand Sharma on Wednesday appeared to share industry's concerns over naming Kumar Mangalam Birla in an FIR in coal scam case saying it was unfortunate and could raise questions over investor confidence in the country.
'If you are weak economically, you automatically lag behind in other aspects of life.'
It, however, does not manufacture devices on its own and rather does it through contract manufacturers.
Commerce and Industry Minister Anand Sharma is expected to visit Tokyo and Kuala Lumpur between February 14 and 18 for signing the pacts -- Comprehensive Economic Partnership Agreement with Japan and Comprehensive Economic Cooperation Agreement with Malaysia, an official told PTI.
Commerce and Industry Minister Nirmala Sitharaman told the Rajya Sabha 'the government is absolutely sensitive and seized of the matter'.
The far-reaching Comprehensive Economic Partnership Agreement serves a number of national interests on both sides.
India will sign a Comprehensive Economic Partnership Agreement (Cepa) with Japan on Wednesday, setting the stage for free bilateral trade of goods and services.
Maharashtra Industry Minister Narayan Rane on Monday blamed the Shiv Sena for instigating people at Jaitapur against the proposed nuclear power plant, which led to a violent protest killing one.
The sops, to be given under different schemes like 'Focus Market' and 'Focus Products' from January to December 2011, were unveiled here by Commerce and Industry Minister Anand Sharma.
India will sign trade pacts with Japan and Malaysia within a week.
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