India, UAE discuss ways to increase investments

Source: The Economic Times, Oct 15, 2018

NEW DELHI: India and the UAE Monday discussed ways to increase investments in areas including highways, airports and infrastructure.

The issue was discussed during the meeting of the UAE-India High Level Joint Task Force on Investments.

“Both sides deliberated on opportunities for cooperation and investment in both countries. Also discussed in specific detail a number of potential investment projects in India, in the highways sector; infrastructure corridor projects, Sagar Mala projects and new greenfield airports,” Commerce and Industry Minister Suresh Prabhu said in a series of tweets.

Prabhu also announced a fast track mechanism between India and the UAE to attract investments. Read the rest of this entry »

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India, Azerbaijan to take steps to boost bilateral trade

Source: The Economic Times, Oct 12, 2018

India and Azerbaijan have agreed to take steps to boost bilateral trade as the two-way commerce between the countries was far below the potential, an official statement said Friday.

The issues were discussed during the fifth meeting of the India-Azerbaijan Inter-Governmental Commission on Trade and Economic, Science and Technology Cooperation here.

The meeting was co-chaired by Union Minister of Commerce and Industry Suresh Prabhu and Minister of Ecology and Natural Resources of the Government of Republic of Azerbaijan, Mukhtar Babayev. Read the rest of this entry »

Cabinet approves MoU between India and Lebanon for cooperation in the field of agriculture and allied sectors

Source: IBEF.org, Oct 11, 2018

New Delhi: The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the signing of a Memorandum of Understanding (MoU) between India and Lebanon for cooperation in the field of agriculture and allied sectors.

Bilateral cooperation in the field of agriculture will be mutually beneficial to both the countries.  The MoU will promote understanding of best Agricultural practices in the two countries and will help in better productivity at farmer fields as well as improved global market.

The MoU will help to increase agriculture production and productivity by getting access to best practices and market worldwide.  It will lead to innovative techniques for increasing production and productivity, leading to strengthening of food security.

MoUs worth ₹70,000 crore signed at Uttarakhand Investors Summit

Source: The Hindu Business Line, Oct 07, 2018

Dehradun: Adani Group has announced an investment of ₹6,500 crore in Uttarakhand, while Mahindra Group plans to invest ₹600 crore. Amul has also announced plans to assist farmers in the State for higher milk production.

At the Uttarakhand Investors Summit that began here on Sunday, which was inaugurated by Prime Minister Narendra Modi, MoUs involving an investment of ₹70,000 crore have been signed. The summit saw the presence of leading industrial groups such as Reliance Industries, Mahindra Group, ITC, JSW Group, Adani Group and Patanjali, among others. Read the rest of this entry »

India, France sign two pacts for renewable energy innovations

Source: The Hindu Business Line, Oct 04, 2018

New Delhi: Two agreements have been signed between India and France to foster the development of renewable energy innovations in the country, such as high-efficiency solar panels, power storage, e-mobility and smart grid management.

French Minister Brune Poirson signed two cooperation agreements between the French Development Agency (AFD), the French Alternative Energies and Atomic Energy Commission (CEA), Bollor魂lue-Solution and their Indian partner, Solar Energy Corporation of India (SECI), according to an official statement Thursday.

These agreements will foster the development of renewable energy innovations in India, such as high-efficiency solar panels, power storage, e-mobility and smart grid management, it said. Read the rest of this entry »

India and Russia to sign over $7 billion defence deals

Source: The Economic Times, Oct 5, 2018

NEW DELHI: India and Russia are set to sign defence deals worth over $7 billion at the bilateral summit on Friday, but financial sanctions by the US have cast a shadow as they limit New Delhi’s capacity to transfer funds to Moscow. The two sides are expected to hold talks on setting up a new payment mechanism independent of the US controlled dollar trade.

Sources told ET that the $5.2-billion deal for five regiments of S-400 air-defence shield has received top-level clearances and would be signed at the Modi-Putin summit. The system, which would be delivered by 2020, would strengthen IAF’s capacity to protect critical assets and limit strike abilities of the Pakistani air force. Quick delivery of S-400 is considered critical as China will receive them by the year end and would be in a position to fully exploit the system with the delivery of all necessary missiles by 2020. Read the rest of this entry »

India, Uzbekistan sign 17 agreements for cooperation in various sectors

Source: Business Standard, Oct 01, 2018

New Delhi: India and Uzbekistan inked 17 agreements on Monday, including in the areas of defence, space, health and agriculture.

After holding delegation-level talks with Prime Minister Narendra Modi, Uzbekistan’s President Shavkat Mirziyoyev termed the signing of agreements “historic”.

The two countries signed pacts for collaboration in the field of military education and for cooperation between the Office of the Security Council under the President of Uzbekistan and the National Security Council Secretariat of India. Read the rest of this entry »