Nov 03 REVISED

Total Page:16

File Type:pdf, Size:1020Kb

Nov 03 REVISED MINISTRY OF COMMERCE & INDUSTRY GOVERNMENT OF INDIA CONFERENCE OF COMMERCIAL REPRESENTATIVES OF INDIA BASED IN SELECT WANA COUNTRIES- ALGERIA, EGYPT, IRAN, ISRAEL, KUWAIT, OMAN, SAUDI ARABIA, SUDAN, UAE, YEMEN. FINAL REPORT Kolkata 3.6.2003; Bangalore 4.6.2003; Chennai 5.6.2003; Mumbai 6.6.2003 and New Delhi 7.6.2003 FOREIGN TRADE (WEST ASIA-NORTH AFRICA) DIVISION DEPARTMENT OF COMMERCE 2 TABLE OF CONTENTS Chapter Subject No. Page No. Preface 4 1 Introduction 5 2 Report of EOI, Abu Dhabi 13 3 Report of EOI, Algiers 18 4 Report of EOI, Cairo 21 5 Report of EOI, Khartoum 24 6 Report of EOI, Kuwait 29 7 Report of EOI, Muscat 35 8 Report of EOI, Riyadh 38 9 Report of EOI, Sana’a 44 10 Report of EOI, Tehran 47 11 Report of EOI, Tel Aviv 49 12 Report from FIEO 52 13 Report from CII 71 14 Report from FICCI 73 15 Conclusion and Recommendations 74 APPENDICES 1 Note on Trade between India and WANA countries 81 2 Trade Statistics with WANA countries 84 3 Background material provided by the CRs 85 3 Preface The Commercial Representatives (CRs) posted in various Indian Missions abroad have a vital role in the promotion of trade and economic cooperation with the country where they are posted. They act as facilitators in furthering the development of trade, investment, joint ventures, technical and financial collaboration contacts between India and their ‘post’ countries. It is therefore necessary that the CRs and our industrialists, exporters and businessmen have frequent interaction with each other. With a view to facilitate such direct contacts between the CRs and the business community in India, the Department of Commerce has taken steps to organise Conferences of CRs at important cities in the country, in association with trade bodies. Accordingly, one-day Conferences of CRs from select 10 countries in the West Asia -North Africa (WANA) region were held in Kolkata, Bangalore, Chennai, Mumbai and New Delhi from 3-7 June 2003. The Conference provided the CRs an opportunity to present to our businessmen details about the economic conditions, customs regulations, banking facilities and business opportunities in the respective countries where they are stationed. It also helped them in understanding the concerns, expectations, needs and difficulties of our businessmen. Our feedback is that the businessmen who participated in the meetings with CRs felt that it was an enriching experience. I have great pleasure in presenting this report on the Conference. The report of the CRs’ Conference includes, inter alia, individual accounts of the proceedings in the five sessions by the CRs and the trade bodies who coordinated the events and an introduction, conclusion & recommendations drawn up by the WANA Division of the Dept. of Commerce. In certain cases, the reports of the CRs’ and the Industry bodies have been edited, for brevity. I am confident that the experience gained by the CRs during the conference and the follow up action by all concerned would contribute immensely in the further expansion of India’s trade and economic cooperation with the WANA region. I take this opportunity to place on record my sense of appreciation to the CRs who participated in the Conference, the organisers of the five meetings and the officers of the WANA Division, who worked tirelessly to make the Conference a successful and worthwhile exercise. (M.V.P.C. SASTRY) JOINT SECRETARY 4 Chapter 1 Introduction 1. The Department of Commerce decided in November 2002 to organise meetings of Commercial Representatives (CRs) of India stationed in various countries on an annual basis, in Delhi and other cities in India to facilitate effective interaction between them on the one hand and the apex trade bodies, business communities, State Governments, agencies of Government of India, financial institutions like RBI, Exim Bank, ECGC, Export Promotion Councils, etc on the other. The meetings were intended to facilitate identification of problems faced by exporters, formulate suitable trade promotion measures by the Department and to re-orient the CRs’ approach for effectively marketing Indian products in the countries where they are posted. 2. The salient features of the guidelines formulated by the Department in this connection were as follows: l The CRs would be invited to India for a period of 5 working days; l They would visit at least three important cities with a view to have region-specific trade promotion seminars, which would be organised by the apex business chambers, co-hosting the seminars/meetings; l The Department of Commerce would bear the expenditure on airfare. Other expenses for organising the seminars, logistics and other arrangements would be met by the business chambers co-hosting the event; l All participants in the seminars would be charged participation fee, with a view to meet the expenditure on organising the meetings/seminars; the fee for the seminars would be decided by apex business chambers organising the events in consultation with the concerned Division in the Ministry l The Export Promotion Councils/ Commodity Boards/ ITPO would be closely associated with the meetings/seminars EFFORTS MADE BY WANA DIVISION 3. At a preliminary Meeting held by the West Asia-North Africa (WANA) Division with the representatives of the Industry/Business Associations, it was decided that only selected Missions would be invited depending on trade flows, potential for increasing trade, strategic importance, etc. The Ministry of External Affairs’ Economic Division, WANA Division, Gulf Division and PAI Division were fully associated with the arrangements. Based on the inputs 5 received, it was decided that the Commercial Representatives (CRs) of India based in Abu Dhabi (UAE), Algiers (Algeria), Cairo (Egypt), Khartoum (Sudan), Kuwait, Muscat (Oman), Riyadh (Saudi Arabia), Sana’a (Yemen), Tehran (Iran) and Tel Aviv (Israel) would be invited. The dates of the Conference were fixed from 3-7 June 2003. It was also decided that the Industry/ Business Associations—the Confederation of Indian Industry (CII), the Federation of Indian Exporters Organisations (FIEO) and the Federation of Indian Chambers of Commerce and Industry (FICCI)—would be associated and the Meetings held as per the schedule given below: a. Meeting in Kolkata to be organised by CII. 3. 6. ’03 b. Meeting in Bangalore to be organised by FIEO. 4. 6. ’03 c. Meeting in Chennai to be organised by CII. 5. 6. ’03 d. Meeting in Mumbai to be organised by FICCI. 6. 6. ’03 e. Meeting in New Delhi and winding up Session to be organised by FIEO. 7. 6. ’03 REPORT OF THE CONFERNCE 4. During the Meetings, the CRs had effective and fruitful interactions with members of trade and business Associations, State Government officials, ECGC, Exim Bank, Export Promotion Councils etc. The Conference also facilitated one to one dialogues to some extent between the CRs and members of the business and trade community in the country, which helped identify strategies to increase exports to the WANA Region. 5. The plan of this Conference Report is as follows. After a brief report on the Meetings held in different locations in this Chapter, we present impressions by each CR in the following 10 Chapters (Chapters 2-11). This is followed by the Reports of each Industry/ Business Association –i.e., CII, FICCI and FIEO— in the following three Chapters (Chapter 12-14). A final chapter, Chapter 15, written by this Division tries to draw some conclusions and recommendations. The aim of the report is to present a general record of the proceedings in order to identify the essence of the main issues in bilateral trade between India and the WANA region, the ways in which problems of co-ordination can be tackled and the potential for co-operation enhanced and finally, how administrative steps taken in organising such meetings can be further improved. The Document thus does not aim to be a verbatim record of the proceedings but gives a broad flavour of the results of an Initiative taken perhaps for the first time by the Department. 6. Prior to the conference the CRs were asked to send detailed notes on existing bilateral trade, the potential for increasing such trade, the procedures for recognition/registration of Indian exporters, the problems in existing trade and market surveys for improving exports. 6 Most CRs sent extremely detailed and Comprehensive Reports on these issues; some came prepared with CDs and Reports covering these issues. These were circulated before the Meetings to the Industry/ Business Associations who ably summarised and distributed the same to the participants during the Meeting. This facilitated the Presentations made by the CRs at the Meetings. We have not brought out the these Notes in detail in this Document in full as obviously it would make this Report unmanageably long; however, to give a flavour of what was presented we have tried to present a summary of the presentations in the appendix. We crave the indulgence of the CRs if we have missed any of the issues raised by them; however, we hope that it is understood that the purpose of this document is not to repeat their presentations. We have also prepared a broad note in India-WANA bilateral trade, which we have kept in the Appendix. We now present a brief report of the Meetings. (a) Brief record of the proceedings in the meeting held in Kolkata 7. The meeting at Kolkata organized by CII as part of an ‘Export Summit’ was attended by nearly 150 exporters. Shri Nirupam Sen, Hon’ble Minister in charge Commerce and Industries, Government of West Bengal inaugurated the summit. The second session pertained to the support framework during which ECGC made a presentation. M/s Dunn and Bradstreet, a UK-based company providing information on risk management and credit assessment, made a presentation.
Recommended publications
  • 1. All India Association of Industries (AIAI)
    1. All India Association of Industries (AIAI) Address: 6th Floor, New Excelsior Bldg, A. K. Nayak Marg, Fort Mumbai - 400001 Website: http://www.aiaiindia.com/ County Head Point of Contact (s) Name: Mr. Vijay Kalantri Name: Ms. Sangeeta Jain Designation: President Designation: Senior Director Phone: 022-22019102 Mobile: E-mail: [email protected] Phone: 022-22074824/25 E-mail: [email protected] 2. Associated Chambers of Commerce and Industry of India (ASSOCHAM) Address: 5, Sardar Patel Marg, Chanakyapuri, New Delhi, Delhi 110021 Website: www.assocham.org County Head Point of Contact (s) Name: Mr. Deepak Sood Name: Shri Ajay Sharma Designation: Secretary General Designation: Assistant Secretary General Phone: 46550555 (Hunting Line) Mobile : 9899188488 Email: : [email protected], Phone: [email protected] E-mail: [email protected] 3. Association of Indian Medical Device Industry (AiMeD) Address: 901-902, Narain Manzil, 23, Barakhamba Road, New Delhi - 110 001 Website: https://www.aimedindia.com/ County Head Point of Contact (s) Name: Mr. Rajiv Nath Name: Mr. Subhash Punja Designation: Forum Coordinator Designation: Managing Director Phone: +91-129-4289000 Mobile : +91-98212 38849 E-mail: [email protected] Phone: +91-22-67829789 E-mail: [email protected] [email protected] 4. Consumer Electronics & Appliances Manufacturers Association (CEAMA) Address: F-4/23, 4th Floor, Wave 1st Silver Tower, Plot No. D - 6, Sector - 18, Noida 201 301 (U.P.), INDIA Website: http://ceama.in/ County Head Point of Contact (s) Name: Mr. Kamal Nandi Name: Amit Chadha Designation: Vice President Designation Secretary General Phone: +91 120 4265697 Mobile : +91 9811263070 E-mail: [email protected] Phone: +91 120 4265697 [email protected] E-mail: [email protected] 5.
    [Show full text]
  • ASSOCHAM BULLETIN, October 2019
    The Associated Chambers of Commerce and Industry of India Vol. No. 44 Issue No. 10 • October 2019 • This issue is of 56 Pages • Single Copy Price: Rs. 90/- Prime Minister of Bangladesh H.E. Sheikh Hasina and ASSOCHAM President Mr. B K Goenka at India – Bangladesh Business Forum (IBBF), New Delhi. • International Relations • Gold • Start-ups • Defence & Security • Railways Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 1 Vol. No. 44 Issue No. 10 ASSOCHAM BULLETIN - October 2019 2 From the President’s Desk Balkrishna Goenka President, ASSOCHAM On behalf of ASSOCHAM, let me take this opportunity to extend our best wishes and greetings for Dussehra and Diwali. Economic growth momentum continues at a slack pace. Both RBI and NITI Aayog have revised their growth outlook. The government continues to infuse confidence-inducing measures in quick succession, with the last few months having seen repeated reduction in interest rates. Recently, one of the boldest and most industry-friendly decisions taken by government has been that on reducing corporate tax rates, which are now comparable with those globally. These steps have been taken despite fiscal constraints, and would impact the deficit, adding to the consternation of naysayers. But the government may consider this as a smaller trade-off, if it results in propelling growth. The government’s recent decision to merge banks has been a decisive step and would result in enhanced competitiveness and governance. All these measures are a clear indication of the boldness and earnestness of intent on the part of the government, and industry welcomes them with optimism.
    [Show full text]
  • ASSOCHAM BULLETIN, May 2019
    From the President’s Desk Mr. Balkrishan Goenka President, ASSOCHAM From the President’s Desk Mr. Balkrishan Goenka President, ASSOCHAM The final phase of our democratic exercise is almost over. Towards the end of this month, the face of the new government would start to emerge. A nation of our size, diversity and growth potential is hoping for a stable and strong government with a vision which is able to translate the aspirations and talent of its people into more opportunities for growth to harness their talent and contribute to nation building. The eagerness of the populace is palpable. The nation is at the cusp of the next level of growth, has the wherewithal to compete in the global arena and is waiting for an infusion of renewed confidence. A growth trajectory of 8-8.5%is within reach, given the right mix of stability and policy continuum being put in place to catalyse the invigorated industry. The task of the new government is clearly defined. We in industry would work closely with the new government for a continued conducive environment. Our interface with and industry recommendations to government continue to find voice through our interactions. The interface has been across diverse areas such as IBC, Hydro Power, MSMEs, Manufacturing, Export Subsidies, Real Estate, to name a few. At the ASSOCHAM National Conference on Insolvency & Bankruptcy Code, the ensuing efficiency in resolution of NPAs was lauded, highlighting that the IBC has brought about a paradigm shift in the liquidation procedures and ensured that creditors have been compensated at higher than liquidity value.
    [Show full text]
  • New Coverage Report April 2020 Print Media
    NEW COVERAGE REPORT APRIL 2020 PRINT MEDIA Prepared By PR DEPARTMENT THE ASSOCIATED CHAMBERS OF COMMERCE AND INDUSTRY OF INDIA ASSOCHAM Corporate Office: 5, Sardar Patel Marg, Chanakyapuri, New Delhi – 110 021 Tel: +91-11-46550567 (Direct) 46550555 (Hunting Line) • Fax: +91-11-23017008, 23017009 Website: www.assocham.org Publication The Economic Times Date 02-04-2020 Page No 1 & 7 Quote Attribution Secretary General, Deepak Sood Edition Delhi Publication The Economic Times Date 03-04-2020 Page No 05 Quote Attribution President, Niranjan Hiranandani Edition New Delhi Publication Hindustan Times Date 03-04-2020 Page No 04 Quote Attribution President, Niranjan Hiranandani Edition Delhi Publication The Hindu Date 03-04-2020 Page No 14 Quote Attribution Secretary General, Deepak Sood Edition Delhi Publication The Hans India Date 03-04-2020 Page No 08 Quote Attribution Secretary General, Deepak Sood Edition Hyderabad Publication Mint Date 04-04-2020 Page No 1 & 20 Quote Attribution Sr. VP, Vineet Agarwal Edition New Delhi Publication Deccan Chronicle Date 04-04-2020 Page No 07 Quote Attribution President, Niranjan Hiranandani Edition Hyderabad Publication The Asian Age Date 04-04-2020 Page No 07 Quote Attribution President, Niranjan Hiranandani Edition New Delhi Publication The Times of India Date 04-04-2020 Page No 02 Quote Attribution Gujarat Council Head, Chintan Thaker Edition Ahmedabad Publication The Hindu Date 06-04-2020 Page No 10 Quote Attribution ASSOCHAM Edition New Delhi Publication Millennium Post Date 06-04-2020 Page No 11 Quote
    [Show full text]
  • “Atmanirbhar Bharat” and Insurance
    “Atmanirbhar Bharat” and insurance Government’s big leap towards making the insurance sector resilient June 2021 “Atmanirbhar Bharat” and insurance | Government’s big leap towards making the insurance sector resilient Introduction Contents 04 Role of insurance in achieving ‘Atmanirbhar Bharat’ 08 Impact of policy measures in recent years 10 3 Recent government measures aimed at complementing sector resilience and self-reliance 16 Global examples of how governments are plugging protection gaps and preparing the sector in meeting emerging challenges 18 Recommendations on how to increase uptake and way forward 20 “Atmanirbhar Bharat” and insurance | Government’s big leap towards making the insurance sector resilient ‘Atmanirbharta’ central to the long-term success of ‘the India story’ There is no doubt that the COVID-19 pandemic has affected At the same time, the insurance sector has also enabled Indian economic growth and consequently, the Indian growth across other sectors. Whether it be real estate, insurance sector’s growth. However, India’s growth story manufacturing, auto, or health – no sector could have taken over the last three decades remains impressive and its up any long-term growth bets confidently if these were not growth potential is favorable. Last year when the Indian backed by underlying insurance policies. Also had it not been government announced its policy framework around for the massive funds managed by both life and general Atmanirbhar Bharat, it was clear that while globalization insurers, a major chunk of investments into infrastructure and dependence on other economies is important, our own and capital markets would not have materialized. Hence, internal economic resilience is completely non-negotiable for ‘Atmanirbhar Bharat’ to meet its desired objectives, it is and we need concrete steps to strengthen it.
    [Show full text]
  • Night Shift for Women : Growth & Opportunities
    Night Shift for Women: Growth & Opportunities N C W I N D I A N C W I N D I A Night Shift For Women: Growth & Opportunities A Research Study Conducted by The Associated Chambers of Commerce & Industry of India (ASSOCHAM) Sponsored by National Commission For Women (NCW) 1 Night Shift for Women: Growth & Opportunities N C W I N D I A Foreword Women are the backbone of any economy primarily shaping future of the country. She who earlier stayed at home to attend her domestic duties is now maintaining work and home simultaneously, participating in the process of economic development on an equal footing with men. The Government of India, meeting a longstanding demand for gender parity in the workforce, has approved an amendment in The Factories Act 1948 to allow women employees to work in nightshifts. The amendment suggests that nightshift for women shall be allowed only if the employer ensures safety, adequate safeguards in the factory as regards occupational safety and health, equal opportunity for women workers, adequate protection of their dignity, honour and transportation from the factory premises to the nearest point of their residence are met. The study is an attempt to find the impact nightshifts has on women and the opportunities for growth that are offered them by the various sectors. ASSOCHAM believes that favourable conditions of work for women in terms of security, monetary compensation and provision of fringe benefits are necessary for nightshifts to be successful and socially acceptable. We are extremely grateful to Chairperson - Dr. Girija Vyas and officials of the National Commission for Women for their constant interest and in giving us this opportunity to conduct and partner the study.
    [Show full text]
  • Assocham Founation Week
    AASSOCHAMSSOCHAM FFOUNATIONOUNATION WWEEKEEK DAY-5 “India’s Resilience: Aatmanirbhar Roadmap Towards a $5 Trillion Economy” Keynote Address by: Hon’ble Prime Minister of India Shri Narendra Modi ASSOCHAM PR DEPARTMENT THE ASSOCIATED CHAMBERS OF COMMERCE AND INDUSTRY OF INDIA COVERAGE DETAILS INDEX Media Coverage Report Print Coverage S. No. Date Publication Edition Headline 1 20-12-2020 The Economic All Edition Modi says Agri reforms helping farmers Times 2 20-12-2020 The Financial All Edition ‘Why India’ is now ‘why not India’: PM Express 3 20-12-2020 The Hindu All Edition We have moved from ‘Why India’ to ‘Why Business Line Not India’: PM 4 20-12-2020 The Times of India All Edition Reforms helped change image of India, says PM 5 20-12-2020 The Times of India All Edition Modi: farmers reaping benefit of reforms 6 20-12-2020 The Hindu All Edition Benefits of new reforms reaching farmers: PM 7 20-12-2020 The Hindu All Edition 33 protesting farmers died in 3 weeks: union 8 20-12-2020 Hindustan Times All Edition PM stresses on India’s economic potential, defends new farm laws 9 20-12-2020 Hindustan Times All Edition ‘Reforms already helping farmers’ 10 20-12-2020 The Indian Express All Edition PM urges private sector to step up investment in R&D across sectors 11 20-12-2020 The New Indian All Edition Reforms have changed investors’ Express perceptions: PM 12 20-12-2020 Millennium Post All Edition Modi says govt’s reforms brought change in perception about India 13 20-12-2020 Millennium Post All Edition Modi praises Tata Group for its role
    [Show full text]
  • Role of Contemporary Technologies in Strategic Programs
    Role of contemporary technologies in strategic programs Dr. Niranjan Hiranandani President, Assocham Application of Technology in Indian Defence Sector In this time and age, technology has changed the ways of age-old warfare adding new dimensions of space and cyber technology. In this new space artificial intelligence, remote sensors, scientifically advanced research, and additive manufacturing have replaced traditional methods. Foreword The forthcoming 11th DEF Expo India 2020 will not only provide a platform to collaborate with the global giants in the futuristic technology but also strengthen the’ Make in India’ initiatives in the defence sector. Inviting Indian private manufacturers to join forces with their foreign counterparts to facilitate the production of defence technology to get the edge and enabling technology transfer would provide dynamic changes in the new defence scenario. Artificial Intelligence would play God in all the future warfare. Countries like the US, China and Russia have taken giant strides in AI technology in civilian and defence sectors. AI may have larger implications in mitigating the power equations in the modern world and India would be hard-pressed to catch-up. What India needs to put forth to achieve that is to make significant changes in the arms export policy under the Foreign Trade Policy (FTP) as well as pushing for arms export policies under UN conventions. Welcome India’s private sector in defence production and incentives exports. Enabling technology transfer from various research agencies to the manufacturers, increasing the foreign investments in the sector may transform the defence industry landscape in India. ASSOCHAM delegation under my leadership highlighted the concerns of Indian Industry towards integrating modern technology to the gamut of expertise of Indian Manufacturers to aid the Defence Forces of India in recent meeting with the Honourable Defence Minister Shri Rajnath Singh.
    [Show full text]
  • ASSOCHAM GEM Reference Guide For
    Green and Eco-friendly Movement GEM Sustainability Certification Program (Existing Building) Reference Guide Care for the Mother Earth THE ASSOCIATED CHAMBERS OF COMMERCE AND INDUSTRY OF INDIA ASSOCHAM Corporate Office: 5, Sardar Patel Marg, Chanakyapuri, New Delhi-110 021 Tel: 011-46550555 (Hunting Line) | Fax: 011-23017008, 23017009 website: www.green-assocham.com / www.assocham.org @ 2018, ASSOCHAM, All Rights Reserved All rights reserved. No portion of this book may be reproduced in any form without permission from the publisher, except as permitted by ASSOCHAM copyright law. For permissions contact: Uday Kumar Varma Secretary General [email protected] For details, visit us on www.green-assocham.com www.assocham.org Chairman’s Message Sustainable building design is about building the future, not just a structure. Sustainability is a form of development that meets the needs of the present without compromising the ability of future generations to meet their own needs. Effective sustainable design of a building is a comprehensive approach to select and integrate design, planning, products and processes that account for consumer satisfaction and environmental conservation. Less than 5% of buildings in India are Green Certified till date. India is undergoing rapid urbanisation and the urban population is set to rise from 33% of India's population to 52% by 2030. This will obviously put a lot of strain on our natural resources. Sustainable design process empowers the designers to better evaluate and anticipate the environmental, economical and social impacts and costs of building products. Evaluation of Sustainability parameters at the start of a project lead to better project planning and that leads to greater overall success of the project.
    [Show full text]
  • ASSOCHAM Centenary Celebrations 2 Vol
    Vol No.44, Issue No.12 December 2019 This Issue is of 68 Pages Single Copy Price Rs.90 100 YEARS OF THE KNOWLEDGE CHAMBER Hon’ble Prime Minister, Shri Narendra Modi with ASSOCHAM President, Shri Balkrishan Goenka at ASSOCHAM’s Centenary Celebrations. ASSOCHAM Centenary Celebrations 2 Vol. No. 44 • Issue No. 12 • December 2019 100 YEARS OF THE KNOWLEDGE CHAMBER Celebrating 100 Years From the President’s Desk… would like to begin by wishing you heartiest Sea- ASSOCHAM’s endeavours in nation building and I son’s Greetings and a Happy New Year 2020 ! enhancing inclusive growth. As we conclude another successful year in the In order to consolidate the strengths of ASSO- journey of ASSOCHAM, I would like to express my CHAM, collective efforts have gone into bringing profound sense of privilege and honour at having about a transformation in the structure, approach led an organisation embodying such stature, legacy and operations, to provide greater sharpness and and stellar contributions to nation building. My focus in aligning with government agenda. AS- tenure with ASSOCHAM has been truly remarka- SOCHAM’s sector-specific councils have been ble, stimulating and fulfilling in many ways. re-oriented and made contributions participative, resulting in numerous successful policy recommen- When I assumed office, I had inherited the contri- dations to the government. Our economy stands on bution that the distinguished visionaries before me robust structural ground, from which many disrup- had made to industrial progress. I had the onerous tive ideas and newer ventures are emerging. I am task of building on the achievements and take the pleased that these start-ups have been nurtured and platform even higher.
    [Show full text]
  • Trade, Investment, and Industrial Policies in India: Effects on the U.S
    United States International Trade Commission Trade, Investment, and Industrial Policies in India: Effects on the U.S. Economy December 2014 Publication Number: 4501 Investigation Number: 332-543 United States International Trade Commission Commissioners Meredith M. Broadbent, Chairman Dean A. Pinkert, Vice Chairman Irving A. Williamson David S. Johanson F. Scott Kieff Rhonda K. Schmidtlein Karen Laney Acting Director, Office of Operations Keith Hall Director, Office of Economics Address all communications to Secretary to the Commission United States International Trade Commission Washington, DC 20436 United States International Trade Commission Trade, Investment, and Industrial Policies in India: Effects on the U.S. Economy December 2014 Corrected version issued January 2015 Publication Number: 4501 Investigation Number: 332-543 This report was prepared principally by: Project Leaders Renee Berry and William Powers [email protected], [email protected] Deputy Project Leaders Alissa Tafti and Mihir Torsekar [email protected], [email protected] Office of Industries Laura Bloodgood, Logan Cobb, Andrew David, Tiffany Eder, John Giamalva, Mahnaz Khan, Katherine Linton, Elizabeth Nesbitt, Jennifer Powell, Philip Stone, and Michael Stanton-Geddes Office of Economics Tani Fukui, Jeffrey Horowitz, Lin Jones, David Riker, Marinos Tsigas, Ravinder Ubee, and Bennet Voorhees Office of Analysis and Research Services Robert Bauchspies, Peg Hausman, Maureen Letostak, David Lundy, Waleed Navarro, and John Stephens Interns (Economics
    [Show full text]
  • India Moving Forward: Journey Towards a $5 Trillion Economy
    India moving forward: journey towards a $5 trillion economy Knowledge Partner India moving forward: journey towards a $5 trillion economy Foreword Balkrishan Goenka Deepak Sood President, ASSOCHAM Secretary General, ASSOCHAM India is at a critical stage in its growth story, is Efficient, transparent and accountable gearing up for the next phase, with an ambitious governance in policy implementation will enable goal for becoming a $5 trillion economy. With India achieve economic target. This would the national and international agenda reshaping allow the economy to gain the much-needed India is well positioned to leverage the significant momentum to become the global economic opportunities present. However, with new powerhouse and a preferred destination for trade opportunities, come new challenges and risks and commerce. which need to be addressed. This report, ‘India moving forward: journey towards a $5 trillion economy’ outlines the ASSOCHAM The government has introduced various reforms belief that India Inc must come together and that will drive long-term growth. Despite initial take the lead in realising the government’s vision challenges, transformational reforms such as of making India an economic powerhouse. As a GST and IBC would go a long way in changing conduit between the government and the private the economic landscape of the country. India’s sector, our experience shows that a continuous infrastructure base is being enhanced and open channel of communication is essential for the country is becoming accessible for global the benefit of bringing in structural changes to the businesses. economy. An essential step towards achieving inclusive ASSOCHAM’s 100 years history has been economic growth is to ensure balanced dedicated towards playing a key role in the development across all regions and sectors.
    [Show full text]