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English Release 31-October 2014
Date Month Year
  • President's Secretariat
  • Education will be the single biggest transformative factor in catapulting India into the league of developed nations, says President
  • President of India congratulates Pankaj Advani on achieving 12th world title in Leeds
  • President pays floral tributes to Sardar Vallabhbhai Patel
  • Prime Minister's Office
  • Text of PM’s address at 'Run For Unity' at Rajpath on the occasion of Rashtriya Ekta Diwas
  • PM receives personal belongings of Sardar Patel, on his 139th birth anniversary
  • Sidelights – Run For Unity Event at Rajpath, New Delhi
  • PM flags off, joins Run For Unity on Sardar Patel Jayanti
  • PM remembers Smt. Indira Gandhi on her Punya Tithi
  • PM pays tributes to Sardar Patel on his birth anniversary
  • Min of Agriculture
  • Kharif Rice Area Coverage
  • Min of Commerce & Industry
  • Index of Eight Core Industries (Base: 2004-05=100), September, 2014
  • Department of Commerce calls for creative participation for India’s participation at Hannover Messe
  • Min of Defence
  • Indian Warships Visit to Port Louis
  • Ministry of Finance
  • Rajiv Mehrishi takes over as Secretry, Department of Economic Affairs, Ministry of Finance
  • Min of Home Affairs
  • Text of Home Minister's speech at NPA, Hyderabad
  • Cyber Crime Prevention Strategy will be Strengthened: Home Minister Shri Rajnath Singh
  • Home Secretary Administers Rashtriya Ekta Diwas Pledge
  • “Police Stations should become Temples of Justice,” says Rajnath Singh
  • Min of Parliamentary Affairs
  • Standing Committee on Railways invites suggestions on Railways(Amendment) Bill, 2014
  • Min of Personnel, Public Grievances & Pensions
  • Central Armed Police Forces (Assistant Commandants) Examination, 2014 Declaration of Result of Written Part
  • Min of Petroleum & Natural Gas
  • Constitution of Steering Committee for successful implementation of “Make in India” campaign in the Oil and Gas Industry.
  • Global crude oil price of Indian Basket was US$ 84.77 per bbl on 30.10.2014
  • Min of Road Transport & Highways
  • Institute of Driving Training & Research to be inaugurated tomorrow at Pune
  • Electronic Toll Collection System makes Delhi-Mumbai Drive Faster and Cheaper
  • Ministry of Water Resources
  • Storage Status of 85 Important Reservoirs of the Country as on October 30, 2014
  • Min of Women and Child Development
  • SRB to be raised by 10 basis points every year

Previous Date

 
Ministry of Commerce & Industry14-February, 2013 19:19 IST
India, France Expect to Conclude India-EU BTIA by Summer 2013

In a meeting with Ms Nicole Bricq, French Minister for External Trade, the Union Minister for Commerce, Industry & Textiles Shri Anand Sharma today said that a Broad-based Indian-EU Trade and Investment Agreement has seen fifteen rounds of negotiations. The Chief negotiators are meeting in March and hoped that this would be the last round of negotiations. "Loose ends, if any, will be dealt at the Ministerial level in April." Both sides expect to be able to close negotiations by summer of April 2013 and hope for a balanced an ambitious agreement. Shri Sharma emphasised the need of declaration of Data Adequacy Status from EU to enable EU Commitments in cross-border supply to be commercially meaningful to India. “We are also concerned with the proposed Safeguard Clause for Mode 4 commitments for contractual Services Supplies & Independent Professionals as this will greatly reduce potential benefits. We hope the France can take the lead in resolving this issue,” said Shri Sharma.

Both the leaders noted the countries have been unable to reach the target of 12 billion Euros by 2012. “More needs to be done to achieve this target,” Shri Sharma told Ms. Bricq. He explained the opportunities for French side in India’s National Manufacturing Industrial Zones.

Shri Sharma conveyed to the French industry leaders, who met him separately, that there is considerable scope for French investments especially in high-tech sectors, environmental technologies, energy including renewable, infrastructure and food processing.

Shri Sharma said that the Indian government has allowed FDI in single-brand retail up to 100 per cent which was a longstanding request particularly of the French luxury industry. Hence, Shri Sharma said that French luxury brands should start making plans for investments in India. “The French mono brands need to look at India not only as a market for their products but also as an opportunity for production of high quality products through the integration of the millions of Indian craftsman into the global luxury value chain”, conveyed Shri Sharma to the French industry leaders. Apart from this Shri Sharma also said that with the liberalization of FDI in multi-brand retail, India also expects “French retailers to bring in the technologies and expertise to create a beneficial value chain from farm to fork.”

Shri Sharma also expressed India’s willingness to have institutional tie-ups with relevant French institutions and National Institute of Design. “Tie-ups with fashion institutes of France would be a win-win situation for both countries,” added Shri Sharma. The bilateral trade between India and France stood at over US$ 9.4 billion in 2012 registering a robust growth even in the backdrop of a difficult economic climate. France is India’s fifth largest trading partner and investor in Europe, and fourth largest recipient in Europe of Indian investments.

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DS/RK
(Release ID :92239)

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