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English Release 27-March 2015
Date Month Year
  • President's Secretariat
  • President of India Confers Bharat Ratna on Shri Atal Bihari Vajpayee
  • President’s Ram Navami greetings
  • Vice President's Secretariat
  • Vice President Greets Citizens on Ram Navami
  • Prime Minister's Office
  • PM expresses grief at the passing away of Brigadier T Sailo
  • PM expresses grief at the passing away of former Union Minister Shri PR Kyndiah
  • The Director General of the International Atomic Energy Agency calls on PM
  • Text of PM’s statement to the media after the Bharat Ratna award was conferred to Former PM Shri Atal Bihari Vajpayee
  • Text of PM’s address at inauguration ceremony of “Urja Sangam-2015”
  • Historic Day for India, says PM
  • Team of First All India Services Expedition to Mt. Everest calls on PM
  • PM at Urja Sangam 2015
  • Department of Space
  • ISRO gets Gandhi Peace Prize for 2014
  • Min for Develop. of North-East Region
  • Dr. Jitendra Singh announces 'DoNER at doorstep' concept
  • Min of Agriculture
  • Radha Mohan Singh Emphasises on the Importance of Soil Health Management, Irrigation and Organic Farming
  • Sowing Area under Rabi Rice and Summer Crops
  • Price Stabilisation Fund
  • State-Wise Revised Affected Area under Rabi Crops During end of February to till date 26.03.2015
  • Min of Comm. & Information Technology
  • Commemorative Postage Stamp release on Engineers India Limited (EIL)
  • Government to Invest 10 Billion US $ in the Chip Manufacturing Facilities Coming up in Gujarat and Uttar Pradesh
  • Min of Culture
  • ISRO gets Gandhi Peace Prize for 2014
  • Ministry of Finance
  • Field Offices Under Chief Commissioners of Customs/Central Excise/Service Tax to Remain open tomorrow, 28th March, 2015 to Facilitate filing of Returns/Payment of Taxes
  • FM Stresses the need for use of more Accounted Money and Discourage of use of Unaccounted Money: Focuses on use of Plastic Money such as Credit Card, Rupay Card and Cheques in lieu of Hard Currency

  • Min of Health and Family Welfare
  • Need to enhance awareness among people to encourage organ donation: Health Secretary
  • Min of Home Affairs
  • Government declared National Mourning on March 29, 2015
  • Min of Petroleum & Natural Gas
  • Prime Minister inaugurates Urja Sangam 2015 - India’s Global Hydrocarbon Summit
  • Global crude oil price of Indian Basket was US$ 57.03 per bbl on 26.03.2015
  • Ministry of Railways
  • Report of Committee on Traffic Optimization Presented to Railway Minister within Stipulated Time
  • Suresh Prabhu Inaugurates Landmark Lumding-Silchar (Assam) Broad Gauge Railway Line Project by Flagging off A Goods Train - Bringing This Region on the National Broad Guage Railway Map
  • Min of Rural Development
  • Centre releases additional fund to Drought affected States
  • Min of Science & Technology
  • Dr Harsh Vardhan Dedicates the “Apex Metrology Laboratory” at the National Physical Laboratory in New Delhi Today
  • Min of Textiles
  • Textiles Minister inaugurates 29th India Carpet Expo
  • Ministry of Water Resources
  • Storage Status of 85 Important Reservoirs of the Country as on March 26, 2015
  • Min of Youth Affairs and Sports
  • Government plans to launch - Ek Saal Desh Ke Naam
  • NITI Aayog
  • First meeting of sub-group on rationalisation of centrally sponsored schemes held by NITI Aayog

Previous Date

 
Ministry of Commerce & Industry18-March, 2013 16:35 IST
Anand Sharma Raises Trade Target with Africa to USD 100 Billion
Indian Investments in Africa Close to USD 50 Billion

The Union Minister for Commerce, Industry & Textiles Shri Anand Sharma today conveyed to the Trade Ministers of various African countries that despite the gloomy global environment, where there has been a contraction of trade, and with India’s own trade contracting with major trading blocks, “we are upwardly revising the target to at least USD 100 billion by 2015 because I feel that that is achievable”. He further added that “we may end up achieving it by the end of 2014 if we continue working together I the same spirit in which we have been working.” Shri Sharma also informed the African Ministers that the Indian investments "are now touching close to USD 50 billion in Africa".

Shri Sharma also informed the Trade Ministers from Africa in India-Africa Ministers Round Table Meeting here that India has taken a decision to open dialogue with The Common Market for Eastern and Southern Africa (COMESA) members - the largest economic group in Africa. “We have established a Joint Study Group for examining the feasibility of a Free Trade Agreement between India and COMESA,” conveyed Shri Sharma to the Ministers from different African countries. He further added that the Preferential Trade Agreement negotiations with the Southern African Customs Union countries are also underway.

Shri Sharma also encouraged some countries from Africa to avail the facilities of the Duty Free Tariff Preference Scheme, announced by India for the Least Developed Countries (LDCs). The Scheme grants duty-free access on 85 per cent of tariff lines and preferential access on 9 per cent of tariff lines, covering 92.5 per cent of global exports of all LDCs. The average margin of preference under this Scheme is in the range of 50-60 per cent. “Of the 28 LDCs who have joined the Scheme, 21 countries are from Africa. We encourage other African LDCs to also avail of the Scheme,” said Shri Sharma.

Shri Sharma also discussed the developments made by India-Africa Business Council (IABC), which was constituted during the India Africa Trade Ministers’ Meet held at Addis Ababa in May 2011. Shri Sharma expressed hope that the new economic partnership will present India and the countries of the African continent with substantial opportunities to increase trade and investment activities, enhance market access for goods and services and develop greater competitiveness by leveraging their respective strength.

Shri Sharma also approved the expansion of the Technical Assistance Program on cotton for Africa being coordinated by Department of Commerce to cover Mini-Mission III (development of Market yards) and Mini Mission IV (development of cotton ginning and pressing factories) to be implemented by Ministry of Textiles.

The African Ministers are here as part of the biggest ever 9th CII-EXIM Bank Conclave on India-Africa Project Partnership, with the participation of seven heads of state & heads of government, and over 80 senior ministers and parliamentarians from 45 African states and delegation of more than 900 delegates.

*****


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(Release ID :93881)

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