Search Results for: economic recession

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China likely to set up industrial parks in country: Trade Minister

New Delhi, Sept 10: China is likely to announce establishment of industrial parks in India during President Xi Jinping's visit this month, Trade Minister Nirmala Sitharaman said on Wednesday. Addressing mediapersons, Sitharaman also said that India will ask China to set up manufacturing units for exports as it seeks to restore economic momentum and provide jobs for the tens of thousands of people entering the workforce each month.India is good with rich manpower, well trained manpower, we think, particularly, in activities where large scale technology driven but labour intensive production units have to be set in. No other better place can be in the globe today than in India. So the Chinese investments are being drawn. Sep 10, 2014
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Trade minister says initiatives taken directly influence socio-economic policy

New Delhi, Sept 09 (ANI): Union trade minister Nirmala Sitharaman said that inclination in country’s industrial growth will have a positive bearing on socio-economic policy. Sitharaman was addressing a press conference in New Delhi, where she highlighted a number of initiatives taken by the Department of Industrial Policy and Promotion, as well as the international agreements it had signed. Sitharaman said that the priority of Prime Minister Narendra Modi led Bharatiya Janata Party (BJP) government was to improve on excellence. She added that the major policy initiatives that India has taken in terms of opening up many sectors of investment from abroad such as defence, railways and construction, Foreign Direct Investment (FDI) has been eased out. Sep 9, 2014
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Germany should develop cultural and economic ties: German Foreign Minister

New Delhi, Sep 08 (ANI): German Foreign Minister Frank-Walter Steinmeier who is presently in India on a three-day visit, on Monday said that it is a chance for Germany for giving a new impetus to Indo-German economic relations. Talking to mediapersons, he said that both the countries should not just look at economic ties, but also develop cultural ties. He also conveyed condolences over the loss of lives in JandK floods. Sep 8, 2014
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