Iran has asked India to pay, within the next two months, the dues on account of oil supplies that have accumulated since 2013 with sanctions on the country blocking payment routes. This follows the world powers signing the historic nuclear deal with Iran last month that has opened the door to the easing of sanctions. […]
A comprehensive, independent review of the Export Market Development Grants (EMDG) scheme has found the grants remain integral to the success of Australia’s international businesses. Tabled in Parliament by Trade and Investment Minister Andrew Robb, the 2015 Review of the Export Market Development Grants (EMDG) scheme concluded the grants helped exporters create, develop and […]
The Indian government is exploring the possibility of bartering sugar for pulses with countries like Canada and others, said union Commerce and Industry Minister Nirmala Sitharaman here on Sunday. She said sugar is getting accumulated in large quantities for the past couple of years and unless these stocks are exhausted, sugarcane farmers will not be […]
With Australia’s Federal Court declaring invalid the approval of the Adani Group’s $16 billion coal mine in central Queensland, there is speculation that the Gautam Adani-led Indian conglomerate may decide to walk away from the controversial project. According to Australian media reports, the approval was set aside by the court after it was found that […]
American automobile manufacturer General Motors (GM) on Wednesday said it will invest around $1 billion in India to augment production capacity and create 12,000 jobs locally. “The Chevrolet brand is committed to India for the long-term. We will be investing about $1 billion into India in the next five years. We are delivering on our […]
China and India should work together to build a closer, and more comprehensive partnership among the BRICS countries, Chinese President Xi Jinping said here. Xi made the remarks on Wednesday when meeting with Indian Prime Minister Narendra Modi in the city of Ufa, ahead of two multi-lateral summits, Xinhua reported. The Chinese president recalled his […]
With preparations on for the upcoming Third India-Africa Forum Summit in October in New Delhi, an Africa-India Partnership Day was recently organised here jointly by the Export-Import Bank of India and industry chamber FICCI for sharing India’s developmental experiences with Africa, particularly on the public-private partnership model of financing infrastructure development. Speaking on the occasion, […]
ICICI Bank on Monday said it has partnered with Alibaba.com, the leading platform for global wholesale trade, to launch a trade facilitation centre, a single window facility to provide easier trade finance to the small and medium enterprises in India. The collaboration for the centre will enable the Indian entrepreneurs who are members of Alibaba.com […]
Trade and Investment Minister Andrew Robb will make his third visit to India this year to continue building support to finalise a strong and mutually-beneficial Comprehensive Economic Cooperation Agreement (CECA) by the end of 2015. Mr Robb arrives in New Delhi today for a three-day visit, and will attend the revitalised Australia-India CEO Forum […]
Taiwanese iPhone maker Foxconn Technology is examining the possibility of setting up a manufacturing facility in Hyderabad. Foxconn Group president Calvin Chin and FIH Mobile Ltd chairman Vincent Whtong met Telangana Chief Minister K. Chandrasekhar Rao here on Thursday. They said the conditions in the state were favourable for setting up industrial units and lauded […]