Automobile industry apex body, the Society of Indian Automobile Manufacturers (SIAM), said on Monday that, the proposal to lower Customs duties on fully imported cars, being discussed at the ongoing trade talks between India and the European Union (EU), will prove to be a ‘retrograde step’ for the sector if implemented.
The government will come out with a new policy on the capital goods manufacturing sector, heavy industry secretary M.F. Farooqui said Thursday.
Value chains of developing economies can increase competitiveness, ascertain viability of a business, and meet development aspirations of the people, said participants at a session of the Partnership Summit in Agra.
India and Bangladesh have much to gain by opening up more trading routes through India's landlocked northeast. While Airtel, Arvind Mills and other Indian firms are already in Bangladesh, the country's eastern neighbours are keen to show that it has "more to offer than just Jamdani saris and Hilsa fish".
The Philippine government Tuesday urged Filipino exporters to look for opportunities in India amid a slowdown in key markets like the US and Europe; and the existing trade agreement between the ASEAN and India.
China and India should work together to have a free trade agreement (FTA) to strengthen economic cooperation and trade, a Chinese expert said in New Delhi on Wednesday.
India and Thailand Monday discussed a host of issues, including counter-terrorism, maritime cooperation and also a bilateral Free Trade Agreement (FTA), which has seen "a lot of forward movement."
India would ink a free trade agreement on services and investment with the 10-member Asean next month, marking the 20th anniversary of its "Look East" policy.
India and Germany plan to form a working group to expand bilateral cooperation in the field of information technology (IT).
India's decision to open its doors to foreign investment in multi-brand retail and other economic reform measures have created an attractive situation for foreign players, much like a "beauty contest", and German companies are keen on long-term strategic investments in India, the country's envoy has said.