The Foreign Office Consultations held in New Delhi Wednesday were co-chaired by MEA's Joint Secretary (Central Europe) M. Anand Prakash and Katerina Sequensova from the Czech government.
This initiative underscores the government's commitment to improving the Ease of Doing Business (EoDB) in India by encouraging active participation in policy decisions.
At the same time, EAM—co-chairing an India-Russia forum with Russian 1st deputy PM—flags trade imbalance; last year, imports from Russia were $61.1 bn & Indian exports just $4.2 bn.
Indian embassy issues advisory, highlighting pitfalls of doing business with Chinese firms, particularly those from Shandong, Hebei, Guangdong, Jiangsu and Zhejiang.
India is believed to have several ‘trump cards’ for the continent, one of them being MSME sector. Triangular projects & strategic investment can further propel its influence in Africa.
Over past 3 years, commerce ministry data on bilateral trade with China has hovered around $95 bn. Data from Chinese govt over last 3 fiscals shows figures steadily above $110 bn.
India's trade boom with Russia & strategic interests in Chabahar Port have brought International North South Transport Corridor (INSTC) back into focus.
Sectors like fertilisers, oil, auto, chemicals, textiles & metals could be further affected, it warns in monthly report. Diversifying trade routes could lower competitiveness of exports.
India and 4 member countries of European Free Trade Association have held 13 rounds of negotiations between 2008 & 2013. Negotiations were placed on hold before resuming in October 2016.
India's trade minister Piyush Goyal and his US counterpart Katherine Tai held their annual trade policy talks in New Delhi on 12 January. Tai is on a three-day visit to India.
French newspaper La Tribune earlier last week indicated that UAE withdrew from deal to fund EUR 3.5 billion. India is looking to order 114 new Rafales, which could include the F5.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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