U.S. Trade Representative Ambassador Michael Froman, and Minister for Commerce and Industry, India, Nirmala Sitharaman met in Delhi on October 20, for the tenth ministerial-level meeting of the India and United States Trade Policy Forum (TPF), to discuss ways to further improve trade and investments relations. TPF is the premier...
India Further Liberalizes FDI Regime
On June 20, India announced a number of measures to ease foreign investment in defense, civil aviation, pharmaceuticals, retail, food trade and broadcasting. The Federal Government has liberalized the FDI regime with the objective of providing a major impetus to employment and job creation in India.The government’s action opens up more than...
India’s Commerce Minister Reports 48% Increased FDI
Minister of State for Commerce Nirmala Sitharaman, said that since the launch of the ‘Make in India' initiative in September 2014, there has been a 48 percent increase in Foreign Direct Investment inflows for the period October 2014 to April 2015 as compared to the corresponding time frame of the...
India's Commerce Minister Vows a Higher Growth Trajectory
Nirmala Sitharaman is an avid reader, an aficionado of Indian classical music and a graduate of Economics. She has worked with Price Waterhouse in London as a senior manager for research and analysis; she helped East European economies adapted to Western audit and marketing systems. On returning to India...
India, U.S. Break WTO Gridlock
The United States has agreed to support India's stand to extend its food subsidy program (the world's largest) until a permanent solution is reached. In July, India blocked part of the World Trade Organization deal because it was unclear if its program could continue beyond a 2017 deadline, and this...