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Both India and Africa have decided to strongly raise the bilateral trade to $90 billion by 2015 since both the sides deliberated on the potential deals.   The South Asian nation is aiming to strengthen its trade and diplomatic relations with Africa where China has made important inroads by inking various deals, developing infrastructure projects and providing soft loans.   Mr Sharma has been speaking at the first day of a three-day...

  • Posted on : Thursday , 31st January 2013
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New Delhi, Aug 27 (IANS) India is looking to boost its trade with Asia and Africa to offset the decline of exports to western countries, Commerce Minister Anand Sharma said Thursday.   Unveiling India's new five-year Foreign Trade Policy, Sharma said, “"My immediate priority is to arrest and reverse the declining trend in exports”.   "We've taken a conscious view to expand and diversify our export markets,...

  • Posted on : Thursday , 31st January 2013
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SINGAPORE: India is aiming to export pharmaceutical products worth $ 15.5 billion in 2012-13 fiscal, a jump of around 17 per cent compared to $ 13.22 billion in 2011-12,Ministry of Commerce and Industry Joint Secretary Mridul Jain said here today.   The $ 25 billion target, however, for pharma exports in 2013-14 would be a challenging task in view of global slowdown, she added.   "Our industry has told us about the economic...

  • Posted on : Thursday , 31st January 2013
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With booming two-way trade, investment deals worth billions of dollars are likely to be discussed at the three-day India-Africa project partnership conclave that starts in India, organisers said.   Some 800 delegates from nearly 35 African countries are scheduled to participate at the the seventh such conclave, co-hosted by the Confederation of Indian Industry (CII) and Exim Bank, in cooperation with the ministries of external affairs and...

  • Posted on : Wednesday , 30th January 2013
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The Government if India has relaxed the procedure for export of pharmaceutical grade and specialty sugar, according to a PTI report. Export of pharmaceutical grade sugar and specialty sugar will not be required to be registered with Directorate General of Foreign Trade (DGFT), the commerce ministry was quoted as saying by the report in a notification. However the report, citing the communique said that every other type of sugar would continue...

  • Posted on : Wednesday , 30th January 2013
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