Commerce and Industry Minister Anand Sharma on Wednesday said the government will soon announce incentives for labour intensive export sectors, notwithstanding high growth in the shipments during December.
The Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce and Industry denied having imposed any blanket ban on the import of food products from Japan even as it has imposed some strict measures.
India is keen to improve share of services in global trade.
According to a recent Assocham study, the business confidence index for the state stood at 6.5 on a scale of 10, with respondents stating that West Bengal could be treated at par with Gujarat, Maharastra, Karnataka, Andhra Pradesh, Rajasthan and Himachal Pradesh as a favourable investment destinations.
She turned down the renewed proposal by Industry Minister Nirupam Sen that she might accept Chief Minister Buddhadeb Bhattacharjee's offer to return 100 acres of land to unwilling farmers in Singur.
Says along with setting up the industry if value addition is done locally, it can create more direct and indirect employment.
Division Bench of Justices A M Khanwilkar and A R Joshi passed the order on Thursday, granting the prayer made by Chintu Shaikh, the petitioner, who had alleged that Nitesh shot at him at Swabhiman's office in Mumbai last September.
At present, a maximum of 26 per cent is allowed in the defence sector.
Haryana Industries Minister Mahender Partap Singh said the state would continue to accord priority to this sector in allotment of developed industrial land for the existing manufacturers for meeting their expansion requirements, as well as the new entrepreneurs.
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The ministers also expressed concern over the slow pace of global economic recovery and stressed that 'the uncertainty regarding economic growth and policy responses in developed countries could lead to increased volatility in financial markets and further affect the international economy'.
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.
The land price collected for the said land allotment will be refunded.
To tap into the growing demand for offices, several global and Indian co-working entities are creating stock in the top cities.
The Ministry of Commerce and Industry on Thursday issued a discussion paper to achieve merchandise exports worth $450 billion in the next three years through greater market diversification, research and development and a thrust towards brand promotion.
"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).
Wen said, China is ready to work with India to increase the scale, and expand the scope of bilateral business cooperation.
The deal was signed between Commerce and Industry Minister Anand Sharma and Japanese Foreign Minister Seiji Maehara in Tokyo.
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.
While India ranks 60, Switzerland, Sweden, the Netherlands, the US and UK retained their top spots as the most-innovative countries. China is at 22nd spot.
Eyes investments of Rs 31,000 cr in research and manufacturing of electric vehicles
Currently, the five-year FTP aims to raise total exports to $900 billion but targets may be reduced
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.
Heavy Industries Minister Praful Patel said Scooters India could be considered for complete privatisation
India's disappointment over recent 'protectionist' measures by the United States, including increase in visa fee for IT professionals and Ohio's ban on government outsourcing, will be raised at the high level ministerial meeting in Washington on Tuesday.
India and Saudi Arabia on Friday, agreed to increase investments in each other's country through joint ventures to enhance economic cooperation. Commerce and Industry Minister Anand Sharma and Saudi Arabian Minister of Commerce and Industry Abdullah bin Ahmed Zainal Alireza, agreed to regular exchange of business delegations to sensitise the businesspersons in both the countries.
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.
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.
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.
"Brighton will invest Rs 2,880 crore and provide direct employment to 2,500 highly-skilled personnel...and indirect employment to another 10,000. The proposed plant will be set up on 800-acres at Nakkapalli in Visakhapatnam district," Major Industries Minister Geeta Reddy said after a meeting with the company President and CEO Kit Kung.
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.
India has reiterated that members have spent over a decade on the Doha Round and it should not be kept hanging.
Flipkart faces intense competition from larger global rival Amazon and local rival Snapdeal.
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.
Finance Minister has proposed to levy MAT of 18.5 per cent on the book profits of Special Economic Zone developers and units.
N Sathiya Moorthy goes back in time to dig up three cases that may not have any citation in legal text-books or lawyers' ready-reckoners quoted before courts but which may still have a bearing on the current case against the arrested activists.
Differences between the Shiv Sena and the Bharatiya Janata Party over portfolio allocation blew over on Wednesday with Anant Geete deciding to take charge as heavy industries minister after party chief Uddhav Thackeray held "satisfactory" talks with Prime Minister Narendra Modi over the matter.
Prime Minister Manmohan Singh will review the proposed bilateral trade and investment agreement between India and the EU at the meeting of the Trade and Economic Relations Committee (TERC) on May 29.
Reflecting an improvement in economic ties with the US, the bilateral trade has increased to $48.71 billion during April-December of this fiscal, Parliament was informed on Friday.
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