Home
About Us
Contact UsInvest in India News
India Shows Interest for Cooperation with Portugal in Wave and off-Shore Energy
Minister of Agriculture, Environment, Sea and Spatial Planning of Portugal, Mrs. Assuncao Cristas met Minister of New & Renewable Energy Dr. Farooq Abdullah in New Delhi today. The two sides discussed possibilities of enhancing cooperation between the two countries in the field of renewable energy. The Portuguese Minister highlighted the progress made by her country in renewable energy especially bio-mass and bio-fuels.
Foodgrains Production in 2011-12 Estimated at Record 250 MT
India is likely to produce 250.42 million tonnes of foodgrains during 2011-12 compared to 232.07 million tonnes last year. This is 18.35 million tonnes higher than 2010-11. Wheat production is expected to reach 88.31 million tonnes, pulses 17.28 million tonnes and cotton 34.09 million bales (of 170 kg. each) this year.
Total production of rice in the country is estimated at 102.75 million tonnes which is an all time record. Production of wheat estimated at 88.31 million tonnes is also a new record.India Signs MoU with USA on Labour and Employment
“The road map laid down in the Memorandum of Understanding will facilitate very close cooperation and interaction between our two countries and bring about improvements in the life of workers and their working conditions.” This was emphasized by Shri Mallikarjun Kharge, Union Minister for Labour & Employment on the occasion of signing of the Memorandum of Understanding (MoU) with US Department of Labour in Washington DC yesterday.
India Exempts Essential Commodities to Bhutan from Export Bans
Bhutan has expressed happiness over acceptance of their request of exemption from application of any export bans on essential commodities. The Minister of Commerce, Industry and Textiles, Shri Anand Sharma, during his meeting with Mr. Lyonpo Khandu Wangchuk, Minister for Economic Affairs of Bhutan ,here today, informed that Director General of Foreign trade has issued notification exempting Bhutan from the application of export ban on Milk Powder, Wheat, Edible Oil, Pulses and Non-Basmati Rice with annual limits indicated by the Bhutanese side.
Finance Minister Holds Meeting with Representatives of Business and Trade as Part of Pre-Budget Consultations
The Union Finance Minister Shri Pranab Mukherjee has said in order to achieve the objective of inclusive growth, we need to have 9 plus growth rate for a sustainable period. The Finance Minister said that in order to ensure that everybody gets due share of development, it is necessary that the benefits of the various development programmes reach the targeted beneficiaries in the given timeframe.
India and Norway to Enhance Cooperation in the Field of Renewable Energy
The Norwegian Minister for Environment and International Cooperation, Mr. Erik Solheim called on the Union Minister of New and Renewable Energy, Dr. Farooq Abdullah in New Delhi last evening. Both the Ministers were accompanied by high level delegations. During the talks Dr. Abdullah said that the Indian Government is taking active interest in setting up the proposed fund in collaboration with DFID, UK and Norway for promoting off-grid solutions in the field of renewable energy.
Steel Ministry's Initiatives on Rural Dealership and Research & Development
The Steel Ministry has been making concerted efforts for the development of the Steel Sector in India. The Steel Ministry through its PSUs namely SAIL and RINL has launched a rural dealership scheme to provide steel at the doorstep of the rural customers. Besides this a promotional campaign has also been launched by the steel ministry that aims at popularizing the use of steel.
Jyotiraditya M. Scindia Relaunches India-Romania Economic Engagement Signs 17th Joint Economic Committee Protocol in Bucharest
Shri Jyotiraditya M. Scindia, Union Minister of State for Commerce & Industry, led the 17th Joint Economic Committee (JEC) at Bucharest in Romania and signed the protocol with his counterpart Minister. During the meeting Minister Scindia urged Indian industry to use the opportunities presenting themselves in Europe for investments and cutting-edge technology ventures. Minister M. Jyotiraditya Scindia stated that, India is confident that it will anchor global economic recoveries in the coming years.
India's Foreign Trade Summary for December, 2011
EXPORTS (including re-exports)
India, Sri Lanka hold Inaugural Defence Dialogue
The inaugural defence dialogue between the Defence Secretaries of India and Sri Lanka was held here yesterday. Defence Secretary Shri Shashikant Sharma and the Sri Lankan Defence Secretary Shri Gotabhaya Rajapaksa co-chaired the meeting alongwith their delegations, comprising the officers of the Defence Ministries and the Armed Forces of the respective countries. Regional security situation including issues of maritime security in the Indian Ocean region dominated the inaugural Annual Defence Dialogue.
MoU Signed for setting up a new Corporation 'Railway Stations Development Corporation Limited' for Modernizing Stations
In a path breaking initiative taken by the Ministry of Railways, a formal Memorandum of Understanding (MoU) was signed today for setting up a Special Purpose Vehicle (SPV) namely “Railway Stations Development Corporation Limited” to take up work of redevelopment of railway stations along with station maintenance across India in a dedicated manner as a part of the continuous process of augmenting and improving amenities at the railway stations.
Sourcing from MSME will be Rewarding to the Investors: Anand Sharma
Shri Anand Sharma the Union Minister of Commerce, Industry & Textiles addressed the 9th World CEO Sustainability Summit, centred on the theme of ‘Doing Business while protecting the Global Commons’. Shri Sharma in his address said that,” India, has made significant headway in ensuring sustainable development in the recent past, not only from the perspective of government policy but significantly, in terms of corporate leadership displayed in developing and supplying renewable energy in the country”.
India seeks to Invest in Pharma Sector in Belarus: AIMS to Provide 50% of Domestic Production
The Fifth Session of the India-Belarus Inter-Governmental Commission (IGC) for Economic, Trade, Industrial, Scientific, Technological and Cultural Cooperation was held in Minsk on 31 January, 2012. The Indian delegation was led by Mr. Jyotiraditya M. Scindia, Minister of State Commerce & Industry. The Belarusian delegation was led by Mr. Dmitry S. Katerinich Minister of Industry, Republic of Belarus.
Finance Minister Holds Meeting With Leading Economists as Part of the Pre-Budget Consultation Process; Economists Wants Budget to Restore Investors’ Sense of Confidence in India’s Growth Story
The Union Finance Minister Shri Pranab Mukherjee said that in the era of coalition politics, decisions are taken through consensus as you have to carry others with you. The Finance Minister said that the current year was a challenging year as we had to face the problem of inflation, fiscal deficit and maintenance of sustainable and inclusive growth.
Anand Sharma Invites French Luxury Goods Companies to Establish Manufacturing Bases in India
India will see investments in excess of US$ 100 billion in next two decades in the nuclear power sector at least a quarter of from France alone. Addressing the 4th India-France CEOs Forum at Paris yesterday, the Union Minister for Commerce, Industry and Textiles, Shri Anand Sharma said “in the energy sector, we greatly value our partnership with France especially in the nuclear power sector where France is a global leader.
