Australia’s Victoria State keen to boost ties with India

Source: The Hindu Business Line, Nov 21, 2017

Melbourne: Ahead of his first official visit to India, Victorian Premier Daniel Andrews on Tuesday said the state government is formulating a strong and effective strategy to further strengthen business links with India.

The premier who is set to visit in January said the strategy plan will be a positive framework that will have real targets, milestones and metrics.

The four key themes of the strategy will encompass meaningful engagement, equal exchange, personal connections and long-term commitment, Andrews said at a business forum.It will also explore ideas to invest in structures to help the State government connect with India, focusing geographically and driving closer engagement across priority sectors.

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India, Russia discuss ways to boost trade, investments

Source: IBEF.org, Nov 20, 2017

New Delhi: India and Russia have discussed ways to boost bilateral trade and investments to strengthen economic ties, the commerce ministry said today.

Commerce and Industry Minister Suresh Prabhu met Russia’s Minister for Economic Development Maxim Oreshkin in Moscow yesterday and discussed the current level of trade between the countries and ways for its enhancement.

“They also discussed opportunities that the fast growing economy of India provides for doing business, particularly in the field of manufacturing,” the ministry said in a statement.

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India-France cooperation a ‘partnership for planet’: Le Drian

Source: The Economic Times, Nov 17, 2017

NEW DELHI: Describing the Indo-French cooperation as a “partnership for the planet”, French Foreign Minister Jean-Yves Le Drian said today that the India-led International Solar Alliance (ISA) will play a crucial role in helping developing nations gain access to sustainable energy at lower costs.

Le Drian said India and France have expressed the desire to maintain the momentum generated during the 2015 Paris Climate Summit and the founding of the ISA, which has the support of 121 solar-rich countries to tackle energy issues.

The French foreign minister and minister of Europe said the India-France bilateral cooperation is a “partnership for the planet, which is at the core of our global diplomacy.”

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India M&A to reach $46.5 billon in 2017

Source: The Hindu Business Line, Nov 15, 2017

Mumbai: Boosted by Rosneft’s $13 billion takeover of Essar Oil, India M&A is expected to touch $46.5 billon across 944 deals in 2017. This is a 165 per cent rise in value and a 70 per cent jump in volume from 2016, according to a forecast by Baker McKenzie.

India recorded 553 deals worth $17.5 billion last year. M&A activity is expected to continue to gather pace on the back of Modi government’s continued efforts in removing regulatory hurdles and simplifying laws to further attract foreign investment, until it reaches its cyclical peak of $52.8 billion in 2019.

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India, EU hold discussions on proposed free trade agreement

downloadSource: The Economic Times, Nov 15, 2017

Senior officials of India and European Union (EU) today held discussions on the long-stalled free trade pact and expressed willingness to address issues in a time-bound manner, the department of commerce said today.

The chief negotiators of India and EU held discussions here on the proposed free trade agreement, officially dubbed as Bilateral Trade and Investment Agreement (BTIA), the department said in a series of tweets.

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India, Egypt for increased cooperation in clean energy

index.jpgSource: Financial Express, Nov 10, 2017

Cairo: India and Egypt have discussed ways to step up cooperation in the renewable energy sector with experts from both the countries sharing ideas to promote clean fuel in the light of its increasing demand worldwide. The Maulana Azad Centre for Indian Culture of the Embassy of India in Cairo yesterday organised a round table ‘Renewable Energy: Lightening the path to future’ where experts from India and Egypt discussed, analysed and shared the Indian and Egyptian experiences in the sector. India’s Ambassador to Egypt Sanjay Bhattacharyya said that the subject of renewable energy is particularly important in the light of increasing demand of clean energy worldwide especially when the traditional sources of energy affects the environment negatively.

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UK-India push for expanding tech tie-ups

Source: The Hindu Business Line, Nov. 07, 2017

London: Around 60 Indian companies are set to gather in Birmingham on Wednesday as part of a British-India initiative to strengthen ties between the two countries’ tech sectors, as the UK pushes for new partnerships as it prepares to leave the European Union.

Around 100 delegates are visiting Britain’s largest commercial centres during November, including Manchester, Birmingham, Leicester, Coventry and London as part of an initiative by Britain’s Department for International Trade and supported by India, and business organisations.

It builds on moves to strengthen cooperation in the tech sector, pushed last year by both Britain and India when Prime Minster Theresa May attended the Tech summit in New Delhi. It also follows on a wider British initiative to encourage investors from non-EU countries to look beyond London, to other regions of the country. Read the rest of this entry »