Tokyo: India and Japan on Friday agreed to further strengthen investment and trade ties by ensuring faster implementation of ongoing projects. Both the countries have agreed to support planned initiatives and projects in this year designed for strengthening business partnership to be organized by Japan External Trade Organization (JETRO) and New Energy and Industrial Technology Development Organization (NEDO), a joint statement by Indian Commerce and Industry Minister Anand Sharma and Japan's Economy, Trade and Industry Minister Toshimitsu said in Tokyo on Friday.
Sharma is here in Tokyo to attend "India Investment Roundtable" jointly organized by his ministry's department of industrial policy and promotion and Confederation of Indian Industry.
The statement both the countries have agreed to deepen discussion on concrete measures on India-Japan Investment Promotion, reaffirming the expansion of investment as being essential for the global, strategic and complementary economic relationship between the two countries.
The Delhi Mumbai Industrial Development Corridor (DMIDC) is the largest infrastructure project under implementation. Out of the 12 greenfield projects, eight are along the DMIDC and master plan for seven of them have been completed. ...
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05:35 AM, May 18, 2013
The Opposition has trained its guns on the government over the Railway Board bribery case and the coal scam probe, demanding that the respective Union Ministers be sacked. ...
07:28 PM, May 07, 2013
New Delhi: The government on Thursday allowed Swedish furniture major IKEA to invest Rs 10,500 crore - the biggest ever FDI proposal in single brand retail - for setting up home furnishing stores in the country. "Whatever proposal of IKEA was there has been cleared," Information and Broadcasting Minister Manish Tewari told reporters after the application was cleared by the Cabinet Committee on Economic Affairs headed by Prime Minister Manmohan...
09:30 PM, May 02, 2013
New Delhi: 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 in New Delhi on Thursday. The declining exports have also pushed up the trade deficit during the fiscal to $190.91 billion from $183.4 billion in the previous financial year, he said while addressing a press conference to announce the annual supplement...
12:22 PM, Apr 18, 2013
Berlin: A series of bilateral ministerial meetings will set the stage for the second inter-governmental consultations at the Cabinet level between India and Germany, which gets under way here on Wednesday. German Foreign Minister Guido Westerwelle will receive India's External Affairs Minister Salman Khurshid for an exchange of views before the Cabinet ministers from both sides hold their first joint meeting in this country, government sources said. Rising tension on...
12:40 PM, Apr 10, 2013
Faced with muted exports, the government on Wednesday said it will come out with a "pragmatic" Foreign Trade Policy (FTP) on April 18, which among other things, would provide incentives to push shipments. ...
02:20 PM, Apr 03, 2013
Prime Minister Manmohan Singh left on a 4-day visit to Durban on Monday to attend the BRICS Summit, expressing the hope that ways to revive global growth and faster movement on reform of institutions of global, political and economic governance will be discussed at the meeting of the emerging economies. Accompanied by a high-power delegation including Finance Minister P Chidambaram and Commerce Minister Anand Sharma, Singh will attend the summit...
09:58 AM, Mar 25, 2013
Prime Minister Manmohan Singh leaves for Durban Monday for the 5th BRICS Summit over the next two days with the leaders of Brazil, Russia, China and South Africa. ...
05:52 PM, Mar 24, 2013
India posted its second highest ever monthly trade deficit of $20 billion in January, worsening from a $17.7 billion deficit in December, piling pressure on a widening current account deficit and limiting scope for the RBI to cut interest rates. ...
05:38 PM, Feb 13, 2013
The Indian government has taken a number of measures and effectively put in place "single-window clearance" mechanism to make the country a manufacturing hub in the next 10 years, Commerce and Industry Minister Anand Sharma said on Sunday. ...
12:11 AM, Jan 28, 2013
India on Thursday assured global retail giants Walmart and Tesco that it will hand hold them for their entry into the just opened multi-brand retailing in the country. The assurance was given by Commerce and Industry Minister Anand Sharma to the heads of the two retail giants in separate meetings on the sidelines of the annual World Economic Forum conference in Davos. ...
09:22 PM, Jan 24, 2013
US-based global retail giant Walmart on Thursday said it is studying the conditions related to India's allowing foreign direct investment in multi-brand retail before making the final announcement on its entry plans. ...
08:20 PM, Jan 24, 2013
Continuing with its tough stand against Pakistan over the ceasefire violations at the Line of Control (LoC) and the killing of Indian soldiers, India on Wednesday warned that the tension could hit economic ties between the two countries, even as the neighbour accused India of war mongering. ...
05:48 PM, Jan 16, 2013
The Finance Ministry is likely to reconsider on January 18 the proposal of Swedish furniture major IKEA for opening cafeterias at its proposed mega retail outlets. "Meeting of Foreign Investment Promotion Board (FIPB) is scheduled on January 18 and the IKEA's case may be taken up," a Department of Industrial Policy and Promotion (DIPP) official said. ...
06:18 PM, Jan 06, 2013
Union Commerce Minister Anand Sharma ruled himself out from the race for the chief ministership of Himachal Pradesh where the Congress has returned to power after five years. ...
04:25 PM, Dec 20, 2012
Commerce Minister Anand Sharma has said that FDI in multi-brand retail is now a reality and the government will look to build consensus on the pension and insurance bills. Speaking to CNBC-TV18 Executive Editor Shereen Bhan, Anand Sharma also said that the Opposition was graceless in its defeat. Following is an excerpt from the interview: Shereen Bhan: Is this now the law of the land? There seems to be confusion...
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Following the win in Parliament, the Commerce Minister said the numbers expose the doublespeak of UPA's opponents. ...
10:27 PM, Dec 07, 2012
New Delhi: Trinamool Congress MP Kalyan Banerjee and Commerce Minister Anand Sharma on Monday had a spat inside the Lok Sabha, which turned ugly with the former turning abusive. The incident occurred when Banerjee, who was part of his party MPs' team which was raising slogans in the Well on the FDI issue, was returning to his seat after the House adjourned for the day shortly after noon. Banerjee and...
05:49 PM, Nov 26, 2012
New Delhi: Foreign direct investment (FDI) in multi-brand retail will benefit small retailers, Commerce and Industry Minister Anand Sharma said on Thursday rubbishing the opposition parties' claims that the overseas investments would leave millions of small traders jobless. "It will benefit the small traders... we have protected their interests while making the policy," Sharma said at a media briefing in New Delhi. The minister said the overseas investments would benefit...
02:05 AM, Nov 23, 2012
New Delhi: Rejecting the contention that adequate consultations were not held with stakeholders on FDI in retail, Commerce and Industry Minister Anand Sharma on Thursday dared the Opposition to bring privilege motion against him in Parliament. "Let them bring the privilege motion, who is afraid. I know a lot about Parliamentary privileges. Let them read about privileges. We have not violated, we respect Parliament. There is no question of disrespecting...
10:20 PM, Nov 22, 2012
