Wednesday, July 30, 2008

India-Brazil-South Africa to cooperate in health sector

by Ed Roberts

India, Brazil and South Africa (IBSA) have agreed to collaborate on wide range of health related issues. The health ministers of three countries have started another round of cooperation.
Indian Health & Family Welfare Minister, Dr. Anbumani Ramadoss sought the support of India’s proposal for observing 2nd October every year as ‘World No Alcohol Day’. Dr. [...]

Tuesday, July 29, 2008

Steps to contain steel prices

by Ed Roberts

Indian government has announced that steel prices in respect of pig iron, ingots, rounds, TMT, Angles, plates, GP sheets and sponge iron have come down in the range of 3-6 %, during the last two weeks. Moreover, retail prices of HR coil, CR coil and wire rods have also shown a slight downward trend.
Big, [...]

Monday, July 28, 2008

Second India-Japan strategic dialogue on economic issues

by Ed Roberts

Indian delegation led by Dr. D. Subbarao, Finance Secretary and Mr. M.Kohno, Deputy Minister, Ministry of Foreign Affairs of Japan, participated in the Second India-Japan Strategic Dialogue on Economic Issues, which was held in Tokyo, last week.
The two sides discussed on Japanese support for two flagship infrastructure projects, which include, Delhi-Mumbai Dedicated Freight Corridor; and [...]

Thursday, July 24, 2008

CII calls for strong commitments on services from developed countries

by Ed Roberts

India’s Confederation of Indian Industry (CII) has called for strong market access proposals from developed countries on services trade in the ongoing mini-Ministerial of the World Trade Organisation (WTO), Services Signalling Conference scheduled for 24 July.
According to Mr. Chandrajit Banerjee, Director General, CII, for a balanced outcome of the Doha Round, the, must lead to [...]

Friday, July 18, 2008

India & Ecuador seek cooperation on mining

by Ed Roberts

India and Ecuador have decided to explore the possibility of cooperation in the mining sector between the two countries.
A decision in this regard was taken during a meeting of the Vice Minister of Foreign Affairs of Ecuador Mr. H. E. Jose Valencia and Indian junior minister for Mines, Mr. B. K. Handique, in New [...]

Thursday, July 17, 2008

India is becoming a hub for clinical trials

by Jenny Hodge

The Associated Chambers of Commerce and Industry of India (ASSOCHAM), predicts that India is becoming a hub for clinical trials, and currently captures 15% market share of total global clinical trials.
According to Assocham estimates, the size of clinical trials in India is expected to grow to an extent of US$ 546 million by 2010 from [...]

Wednesday, July 16, 2008

India & Australia in oil and gas agreement

by Ed Roberts

India’s Directorate General of Hydrocarbons (DGH) and Western Australia’s Department of Industry & Resources (DOIR) have signed a memorandum of understanding (MoU) to enhance cooperation and understanding on oil- and gas-related issues.
The MoU was signed by Mr. Stedman Illias, Deputy DG, DOIR and Mr. V.K. Sibal, DG, DGH, a technical arm of the Indian [...]

Tuesday, July 15, 2008

Australia is India’s 10th largest trading partner

by Jo Black

Mr. Kamal Nath, Indian Minister of Commerce & Industry says that Australia is the 10th largest merchandise trading partner of India and the 9th largest merchandise import market.
During a bilateral meeting with the Deputy Premier of Western Australia, Mr. Eric Ripper, Nath said that bilateral trade between the two countries in 11 months of [...]

Tuesday, July 8, 2008

India’s EIC gets ISO-9001:2000 status

by Jenny Hodge

India’s Export Inspection Council (EIC), which provides services to the Indian exporting community, under the Ministry of Commerce & Industry, has been granted the status of an ISO-9001:2000 organization by M/s. DNV, Netherlands.
To automate all its activities in the organization, EIC has been implementing an Integrated Computerization Project (ICP).
The commerce and industry [...]

Monday, July 7, 2008

India welcomes Kuwait’s investments

by Ed Roberts

Indian commerce and industry minister, Mr. Kamal Nath has welcomed investments from Kuwait in sectoral developments in the infrastructure, power and petroleum & petrochemicals sectors in India.
The Indian minister paid thanks to Mr. Mustafa Jassim Al-Shamali, Kuwait’s finance minister, for his country’s support, during a meeting in New Delhi.
He also stated that India seeks [...]

Wednesday, July 2, 2008

India and Cuba finalise Hydrocarbon agreement

by Ed Roberts

India and Cuba have signed an agreement for cooperation in the oil and gas sector.
The agreement called ‘India Cuba Hydrocarbon Agreement’ was signed in Madrid on Tuesday, in the presence of the Indian Minister of Petroleum and Natural Gas, Mr. Murli Deora, and his counterpart from Cuba, Ms Yadira Garcia Vera, Minister of Basic [...]

Tuesday, July 1, 2008

181 bids for oil exploration blocks

by Jenny Hodge

India’s Petroleum and Natural Gas Ministry has received a total of 181 bids from 96 domestic and global oil majors including Oil and Natural Gas Corporation, Reliance Industries, Essar Oil, British Petroleum and BHP Billiton, for 45 oil and gas exploration blocks under the seventh round of New Exploration Licensing Policy (NELP-VII).
However, the government [...]

Friday, June 27, 2008

India’s FDIs to fall short by US$ 7-8 billion

by Jenny Hodge

A survey conducted by India’s apex business body, the Associated Chambers of Commerce and Industry of India (ASSOCHAM), reveals that the country’s ambitious target to receive US$ 35 billion of foreign direct investments (FDIs) in fiscal 2008-09 is likely to fall short by US$ 7 to 8 billion, due to global slowdown and continued volatility [...]

India doubling investments into US

by Jenny Hodge

Mr. K V Kamath, President, Confederation of Indian Industry (CII) is leading a 9 member delegation as part of the CII CEOs Mission to the United States from 24-26 June 2008, with the aim of strengthening the bilateral ties, augmenting economic and commercial cooperation between the two nations to greater and newer heights and discussing [...]

India-Singapore IPR cooperation imminent

by Jenny Hodge

Indian Commerce & Industry Minister, Mr. Kamal Nath, has said that a bilateral agreement on Intellectual Property Rights (IPR) cooperation between the Intellectual Property Offices of India and Singapore will be signed shortly.
During his bilateral meeting with Mr. Lim Hng Kiang, Minister for Trade and Industry of Singapore, in New Delhi, Nath said that [...]

Wednesday, June 25, 2008

India’s KPO’s biz to touch US$ 10 billion by 2012

by Jo Black

India’s highest body of the Chambers of Commerce, the Associated Chambers of Commerce and Industry of India (ASSOCHAM), has projected the Knowledge Process Outsourcing (KPO) industry’s size growing to US$ 10 billion mark by 2012, with a growth rate between 25-27%, provided a strong chain of qualified professionals is built, opening up the field for [...]

India’s CII signs MoU with France’s GICAT

by Jo Black

Confederation of Indian Industry (CII), a non-government, not-for-profit, industry led and industry managed organisation, which plays a proactive role in India’s development process, has signed a Memorandum of Understanding (MoU) with the GICAT (Grupement des industries franchises de defense terrestre), French Defence Industry Association for Land Systems.
The MoU, which was signed on Wednesday (June [...]

Canada and India in 10 joint R&D initiatives

by Jo Black

Indian minister, Kapil Sibal and David Emerson, Minister of Foreign Affairs & International Trade and Minister for the Pacific Gateway has announced 10 joint research and development (R&D) initiatives involving Canadian and India companies and researchers valued at more than $17 million.
Eight of the initiatives are joint research projects while the other two initiatives [...]

Tuesday, June 24, 2008

CII President to lead Mission to UK

by Jo Black

Mr. Kamath, President, Confederation of Indian Industry (CII) and Managing Director and CEO, ICICI Bank Ltd, is leading a 13 member delegation as part of the CII CEO’s Mission to the United Kingdom on 19-20 June 2008, with the aim of augmenting trade ties between India and the United Kingdom and exploring opportunities for catalysing [...]

CII delegation to visit Kazakhstan

by Jo Black

The Confederation of Indian Industry (CII), a non-government, not-for-profit, industry managed organization, which plays a proactive role in India’s development process, is sending a 15 member delegation to Astana – Kazakhstan.
This is the second CII Delegation to visit Kazakhstan.
The high level delegation headed by Mr. Syamal Gupta, member CII National Council and Chairman TATA [...]

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