Kamal Nath

India''s exports to grow 12-15 percent this fiscal, says Kamal Nath

India''s exports to grow 12-15 percent this fiscal, says Kamal NathNew Delhi, Feb 14: Union Trade Minister Kamal Nath has said that India''s exports, which have been hit hard by the slowdown in global markets, will grow 12-15 percent in the current fiscal year.

Talking to reporters here on Friday, Kamal Nath said, "When we close this year on March 31, we will not have a negative growth, we''ll have a positive growth. And I expect that we will see growth of 12-15 percent in export despite the downturn."

India is unlikely to achieve FDI target of $35 billion in FY09

India is unlikely to achieve FDI target of $35 billion in FY09The ongoing global financial crisis, becoming grimmer day by day, can adversely hit India's foreign direct investment target of USD 35 billion for the FY09. Lowering the earlier estimates, Commerce and Industry Minister Kamal Nath said on Thursday that India can mange to get FDI worth USD 30 billion foreign investment under uncertain conditions of financial world.

Mr. Nath said that government would not change 49 percent cap for foreign direct investment in single-brand retail.

Kamal Nath wants women reach highest levels

New Delhi, Feb 12 : Union Minister of Commerce and Industry Kamal Nath today said that there is a need to take affirmative action to ensure that women of India are encouraged to come to the fore in greater numbers in all walks of life including to the highest levels in the Public Sector Undertakings.

Speaking at the National Meet of the Forum of Women in Public Sector (WIPS): "Evolving the Blue Print of Change", here, Nath said that the core of women empowerment lies in societal change.

"We need to speed up societal change whereby boys and girls are given equal opportunity to go to school, not only in the urban centres but also in the vast rural population of our country," he added.

India remains fastest growing economies in the world, says Kamal Nath

Kamal NathNew Delhi, Feb 12 : Union Minister of Commerce and Industry Kamal Nath today said that from a national perspective, India will remain one of the fastest growing economies in the world over 2008-09 to 2010-11.

Addressing at the Hero Mindmine Summit, here, on the theme of "Challenges of troubled times: Opportunities and Threats", he further added that along with the BRIC and GCC economies, India will contribute about 35 to 37 per cent of incremental global GDP growth through the calendar years 2008 to 2012.

Kamal Nath to inaugurate Carpet Expo today

Kamal Nath to inaugurate Carpet Expo todayNew Delhi, Feb 12: Union Minister of Commerce and Industry Kamal Nath will inaugurate the 14th India Carpet Expo here today.

Shankersinh Vaghela, Union Minister for Textiles; G. K. Pillai, Commerce Secretary and Rita Menon, Textiles Secretary will also attend the function.

The four-day expo is being organised by the Carpet Export Promotion Council.

The expo is world acclaimed established fair on handmade carpets and other floor coverings in South East Asia, envisaging unique business oriented platform to the importers and exporters.

Kamal Nath to inaugurate Carpet Expo tomorrow

Kamal Nath to inaugurate Carpet Expo tomorrowNew Delhi, Feb 11 : Union Minister of Commerce and Industry Kamal Nath will inaugurate the 14th India Carpet Expo here tomorrow.

Shankersinh Vaghela, Union Minister for Textiles; G. K. Pillai, Commerce Secretary and Rita Menon, Textiles Secretary will also attend the function.

The four-day expo is being organised by the Carpet Export Promotion Council.

The expo is world acclaimed established fair on handmade carpets and other floor coverings in South East Asia, envisaging unique business oriented platform to the importers and exporters.

India-Netherlands bilateral trade pegged at 7.2 bln dollars in 2007-08

Kamal NathNew Delhi, Feb 10 : Union Minister of Commerce and Industry Kamal Nath has stated that the bilateral trade between India and Netherlands has increased from US
3.9 billion dollars in 2006-07 to US 7.2 billion dollars in 2007-08.

During his interaction with Dutch Minister for Foreign Trade Franck Heemskerk, Nath said the Netherlands is amongst India''s top trading partners and the two way trade has shown a healthy increase.

India, Finland agree to explore new areas of trade cooperation

Kamal NathNew Delhi, Feb 6 : Union Minister of Commerce and Industry Kamal Nath and Finland Minister for Foreign Trade and Development Dr. Paavo Vayrynen today agreed to encourage businesses to explore new areas and sectors to widen and deepen the trade basket between the two nation.

Both sides felt that mutual trade and investment between Finland and India is growing and there is lot of potential for developing these economic relations further.

SEZs, EOUs encourage manufacturing activity in India: Kamal Nath

Kamal NathNew Delhi, Feb 3 : Union Minister for Commerce and Industry Kamal Nath today said that the Special Economic Zones (SEZs) and Export Oriented Units (EOUs) have significantly contributed towards employment generation and encouraged manufacturing activity in the country.

Speaking at the Export Awards function organized by the Export Promotion Council for EOUs and SEZs (EPCES) here, Nath said, "During the period 2003-04 to 2007-08, exports from SEZs and EOUs have increased from Rs. 42,641 crore to Rs. 221,066 crore, a growth of 418 per cent in four years."

Hope, aspiration in India leading to social mobility and prosperity: Nath

Kamal NathDavos (Switzerland), Jan. 31 : Union Commerce and Industry Minister Kamal Nath has stated that hope and aspiration in India is leading to social mobility and prosperity and these are the engines that are driving India's growth today.

Speaking at a Breakfast Session on "Surviving the Meltdown and Brand India", here today, Nath said that Brand India will be sustained by millions of "new" consumers seamlessly and further added that India neither needs to export a large part of its economy to balance domestic demand and supply, nor does it need to import large amounts of capital to balance domestic demand and supply.

Indian economy to grow at 7-7.5 % next fiscal as well: Nath

Indian economy to grow at 7-7.5 % next fiscal as well: Nath It would be quite good to know that India might continue to maintain growth rate of 7-7.5 per cent next fiscal, the same level it is expected to register in the current fiscal. The news comes when lower growth projection of 8 per cent in 2009 by our neighbor China was termed as a tall order.

Commerce and Industry Minister Kamal Nath confirmed at the World Economic Forum, "We hope to continue at the same level of 7-7.5 next fiscal."

Liberalisation of the global economy should continue: Kamal Nath

Kamal NathDavos, Jan. 30 : Concerned by the worldwide economic slowdown, Union Commerce and Industry Minister Kamal Nath has urged the international community to join hands for more efforts to liberalise the global economy in order to stimulate growth, save jobs and enhance living standards.

Addressing a Session on "Enabling Trade: Threats & Opportunities", in Davos on Friday, Nath said that comprehensive multilateral, regional and bilateral trade agreements have been critical to spurring such liberalization in the past and should continue to be pursued actively.

Kamal Nath to attend WEF meeting in Davos

Kamal Nath to attend WEF meeting in DavosNew Delhi, Jan 24: Union Minister of Commerce and Industry Kamal Nath will attend the World Economic Forum (WEF) meeting, in Davos, Switzerland from January 28 to February 1.

The five-day WEF meeting will be attended by over 2,500 participants from 96 countries. The meeting assumes significance as more than 40 Heads of State and Government will be participating.

Business leaders from all sectors and from all regions will be represented. Other participants include heads of NGOs and labour leaders, social entrepreneurs and young global leaders.

India will continue to be a magnet for FDI funds: Kamal Nath

Kamal NathNew Delhi, Jan 19 : Commerce Minister Kamal Nath today said that even in the current global crisis, India will continue to be a magnet for foreign direct investment
(FDI) funds.

Addressing the Partnership Summit 2009 "Trade and Investment: Focussing on Opportunities and Growth", here today, the Minister said that during April-October 20008, the FDI inflows to India stood at 18.7 billion dollars, which is more than double the inflow during the same period last year.

Nath calls for improvement in Sri Lankan investment in food processing, chemicals, textiles

Kamal NathNew Delhi, Jan 19 : Union Commerce Minister Kamal Nath today emphasised that there is a scope for further improvement for FDI inflows to India, and added that top sectors in which FDI has been approved from Sri Lanka are textiles, food processing industries, telecommunication, trading, chemicals, paper and leather industries.

Need to increase trade between India and Tanzania: Kamal Nath

Commerce and Industry Minister Kamal NathNew Delhi, Jan 19 : Commerce Minister Kamal Nath today said that there is a need to increase the bilateral trade between India and Tanzania, as there is huge potential for the same.

During the bilateral interaction with the Tanzanian Minister for Industry, Trade and Marketing, Dr. Mary Nagu, Nath called for the Tanzanian investors to avail the opportunities of the favourable investment climate in India, particularly in the sectors viz., telecommunication, fibre-optics, infrastructure development and tourism.

India, the largest trade and development partner of Bhutan

Kamal NathNew Delhi, Jan 19 : Commerce Minister Kamal Nath today said that India continues to be the largest trade and development partner of Bhutan.

During the bilateral interaction with Bhutanese Minister for Economic Affairs, Khandu Wangchuk, he informed that the trade between India and Bhutan has grown significantly from a level of US$ 141.86 million in 2003-2004 to US $ 281.17 million in 2007-2008. In 2007-08, while India''s export to Bhutan was US $ 86.69 million, the imports were valued at US $ 194.48 million.

Kamal Nath to address Partnership Summit 2009 today

Commerce Minister Kamal NathNew Delhi, Jan 19 : Commerce Minister Kamal Nath will chair the Partnership Summit 2009 and deliver a special address on "Building Partnerships in a Post-Crisis World" here today.

The inaugural plenary will also be addressed by Delhi Chief Minister Sheila Dikshit; Stockwell Day, Minister of International Trade and Minister for the Asia-Pacific gateway, Canada; and Peter Mandelson, Secretary of State for Business, Enterprises and Regulatory Reform, UK.

Kamal Nath to address Partnership Summit 2009

Kamal Nath to address Partnership Summit 2009New Delhi, Jan 16 : Commerce Minister Kamal Nath will chair the Partnership Summit 2009 and deliver a special address on "Building Partnerships in a Post-Crisis World" here on January 19.

The inaugural plenary will also be addressed by Delhi Chief Minister Sheila Dikshit; Stockwell Day, Minister of International Trade and Minister for the Asia-Pacific gateway, Canada; and Peter Mandelson, Secretary of State for Business, Enterprises and Regulatory Reform, UK.

Bail out package for Satyam soon: Kamal Nath

Bail out package for Satyam soon: Kamal NathNew Delhi, Jan. 13: The troubled information and technology company Satyam, may get a revival package to keep itself afloat amidst severe financial crisis.

The Union Commerce and Industry Minister, Kamal Nath has said that the Government may consider a bail out package to save the jobs of thousands of the company's employees, and also save the institutional investors from massive financial losses.

"The government will consider all aspects in helping the troubled IT Company, once it receives firm proposals from the newly constituted board," Kamal Nath said.




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