India in talks with EU for trade deal, open to pact with UK

India has started trade talks with the European Union (EU) and is open to dialogue with the United Kingdom for a free trade agreement, the trade minister said on Saturday, as Asia’s third largest economy looks for new markets for its products. Piyush Goyal said that India is open to engage with the UK for.

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PM Narendra Modi pitches ease of doing business to foreign firms

Prime Minister Narendra Modi on Thursday made a pitch for a larger slice of global manufacturing, seeking foreign investments in diverse areas such as defence, logistics and space, and pledged to carry out deep structural reforms to make India an easier place to operate for foreign companies. “India remains one of the most open economies of.

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Indian special economic zone in Bangladesh set to get $115 mn more

The special economic zone of Bangladesh dedicated to Indian investors is set to avail $115 million under the 3rd line of credit from India, a senior official said. Mohd. Moniruzzaman, the Joint Secretary and General Manager, Investment Promotion, of the Bangladesh Economic Zones Authority (BEZA), confirmed the development to IANS. Based on the government-to-government deal,.

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AP govt starts measures to build 3 ports, 7 shipping harbours

Chief Minister YS Jagan Mohan Reddy who had earlier taken the decision for setting up of three major ports and seven shipping harbours in the state, has now ordered for taking all steps for the development, said state IT and industry minister Mekapati Goutham Reddy on Saturday, July 4. The State government released funds for the construction.

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Restrictions on Chinese import clearance at Indian ports likely to be lifted soon

In what could bring some respite to various industries, the government is taking cognizance of industry representations and assuring them of faster clearances of Chinese imports stuck at various ports across India, according to sources. Government sources told that the clearance of the stuck consignments will be post-proper checks and 100 percent inspections. “But only.

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Centre soon to notify export turnover threshold for MSMEs

Centre will soon notify the exclusion of export turnover threshold limits for bestowing the MSME status on firms, Union Minister Nitin Gadkari has said. Accordingly, the move will side in identifying MSME unit under the new definition of the sector. Speaking at an EEPC India meeting held a day ago, Gadkari said that the move.

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India to step up free trade agreement talks despite self-reliance mantra

India hasn’t shunned efforts to forge “balanced” trade agreements despite renewed push for self-reliance, and talks with key partners, including the US, the EU and Australia, will gain momentum once the impact of the pandemic wanes considerably, an official source told. “We have not abandoned the principle of free and fair trade. The government is.

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