Anand Sharma

Meeting of Anand Sharma with DG, WTO Key Highlights

Shri Anand Sharma, Union Minister of Commerce and Industry today met the Director General of the World Trade Organization, Mr. Roberto Carvalho de Azevedo. This was Mr. Azevedo™s first visit to India after he assumed charge as the sixth Director General of the WTO on 1 September 2013. Shri Sharma commended Mr. Azevedo on his… Read More

Tags: Anand SharmaAzevedoBaliDoha Development RoundIndiaShri SharmaWorld Trade OrganizationWTO

No Proposal to convert Idle Gold into Bullion: RBI clarifies

There have been some news stories in the media in the last couple of days about the Reserve Bank of India discussing/considering various options of converting idle gold, including that available with temple trusts, into bullion. The Reserve Bank clarifies that no such proposal is under its consideration at this juncture. Alpana Killawala Principal Chief… Read More

Tags: Anand SharmaBusinessFinancial servicesIndiaReserve BankReserve Bank of IndiaRun batted in

GoI Discusses Ways to Curb Trade Deficit with Korea

While appreciating the 70 percent growth in the first two years of implementation of Comprehensive Economic Partnership Agreement (CEPA) with Korea, the Union Minister of Commerce and Industry Shri Anand Sharma underlined the concern that bilateral trade of late has been rather slow and has shown a negative growth rate. In a bilateral meeting with… Read More

Tags: Anand SharmaBaliComprehensive Economic Partnership AgreementDoha Development RoundIndiaKoreaSharmaTim Groser

A Statement on FDI Inflow

India has a liberal Foreign Direct Investment (FDI) policy wherein most of the sectors are open to Foreign Direct Investment (FDI) on the automatic route except a few which are either prohibited or restricted for FDI. The clearances and permissions for setting up industries are granted by various authorities at the central and state level.… Read More

Tags: Anand SharmaDepartment of Industrial Policy & PromotionFDIFICCIforeign direct investmentIndiaLok SabhaMinistry of Home Affairs

CLR Snippets | Examination of Hike in FDI in Defence Sector

The proposal was to allow FDI to go up to 49%, inclusive of portfolio flows, in defence production. FDI up to 26% is permissible in the defence sector, subject to licensing. However, wherever FDI beyond 26% is likely to result in access to modern and state-of-the-art technology into the country, decisions can be taken to allow… Read More

Tags: Anand SharmaCabinet CommitteeFDIforeign direct investmentForeign Investment Promotion BoardIndiaManmohan SinghRetail

FDI in Pharmaceuticals

Indian pharmaceutical sector has witnessed increased foreign investment in the form of strategic collaborations, mergers and acquisitions as per available information from different sources.  Foreign Direct Investment in the pharmaceutical sector was allowed upto 100% on the automatic route till November, 2011, when government reviewed the policy in view of the pattern of foreign investment.  As a result of… Read More

Tags: Anand SharmaAnnexationFDIforeign direct investmentGovernmentIndiaLok SabhaMergers and acquisitions

Impact of FDI in Indian Civil Aviation

Government has put in place an investor friendly Foreign Direct Investment (FDI) policy, under which FDI, up to 100%, is permitted, on the automatic route, in most sectors/activities.  FDI policy is reviewed on an ongoing basis, with a view to making it more investor friendly. Significant changes in the FDI policy regime have been made in the… Read More

Tags: Anand SharmaBusinessCivil AviationFDIforeign direct investmentIndiaInvestmentPolicy

First Meeting of Manufacturing Industry Promotion Board

First Meeting of Manufacturing Industry Promotion Board; Reviews Progress of NMIZS, Capital Goods Sector  The Union Minister of Commerce and Industry Shri Anand Sharma today called for accelerating the implementation of National Manufacturing Policy (NMP) and noted with satisfaction the good progress made by some states in land acquisition for National Investment and Manufacturing Zones (NMIZ).… Read More

Tags: Anand SharmaAndhra PradeshDepartment of Industrial Policy & PromotionDepartment of Science & TechnologyIndiaManufacturingNational Manufacturing PolicyShri Sharma

Meeting of Consultative Committee of Information & Broadcasting

Minister for Information & Broadcasting, Shri Manish Tewari today chaired the meeting of the Consultative Committee of the Ministry. The meeting discussed the activities related to Indian Institute of Mass Communication (IIMC) and the members were given a presentation of the Leveson Report and its relevance and implications in the Indian context. Welcoming the members,… Read More

Tags: Anand SharmaAnup Kumar SahaAsiaCabinet of IndiaCommitteeIndiaIndian Institute of Mass CommunicationSri

India – US to revive Ministerial Trade Policy Forum

Anand Sharma Meets USTR Michael Froman; Both Agree to Revive Ministerial Trade Policy Forum The Union Minister of Commerce & Industry Shri Anand Sharma yesterday held bilateral discussions with the US Trade Representative Mr. Michael Froman in Washington. Shri Sharma and Mr. Froman discussed a range of bilateral issues from the perspective of advancing the agenda of… Read More

Tags: Anand SharmaFromanIndiaIndia-USMichael FromanNational Association of ManufacturersShri SharmaUnited States

MOC on US Tour

Commerce Minister Arrives in USA on Four-Day Official Tour To Meet John Kerry, Michael Froman Among Others To Deliver Address at US-India CEOs Forum Meeting The Union Minister of Commerce & Industry Shri Anand Sharma arrived in United States of America on a four-day visit from 10th to 13th July, 2013. The Commerce & Industry… Read More

Tags: Anand Sharmaforeign direct investmentIndiaJohn KerryMichael FromanNational Association of ManufacturersShri SharmaSri

Above 150 High Tech Products get Focus Product Scheme (FPS) Benefit

During the Foreign Trade Policy (FTP) announcements on 18th April, 2013, the Union Commerce & Industry Minister Shri Anand Sharma had mentioned that export of High Tech Products would be incentivised and it would be separately notified. In pursuance of this objective, a Task Force was set up under the Chairmanship of Shri Rajiv Kher,… Read More

Tags: Anand SharmaChamber of commerceExportIndiaMinister of Industry (Canada)Shri Anand SharmaTask ForceUnited States Department of Commerce

IOR-ARC Economic and Business Conference

The Union Minister of Commerce & Industry Shri Anand Sharma co-chaired the Indian Ocean Rim Association for Regional Cooperation (IOR-ARC) Economic and Business Conference in Port Louis, Mauritius. Following is the Press Communiqué released after the Conference: 1. We, the Ministers of Trade, Commerce and Industry of Member States and Dialogue Partners of the Indian… Read More

Tags: Anand SharmaIndiaIndian OceanIndian Ocean Rim Association for Regional CooperationMauritiusMember statePort LouisSustainable development

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