Prime Minister Narendra Modi and Russian President Vladimir Putin met in Moscow on Tuesday and outlined their goals to eliminate non-tariff trade barriers and achieve a mutual trade volume of over USD 100 billion by 2030.
Lauding the USD 100-billion free trade pact between India and the four-nation bloc European Free Trade Association (EFTA), Swiss State Secretary for Economic Affairs, Helene Budliger Artieda, affirmed that India will be world's premier manufacturing and service hub.
Union Minister Piyush Goyal on Sunday said that "never before in the history of FTAs has such an FTA ever happened," after India signed a USD 100-billion free trade pact with the four-nation bloc European Free Trade Association (EFTA).
The non-oil bilateral trade between India and the UAE has seen a sizable jump to over USD 50 billion ever since the signing of the CEPA agreement and the aim is now to take it close to USD 100 billion by the end of this decade.
India is looking to attract annual foreign direct investment (FDI) to the tune of USD 100 billion "in the next few years", Union Information Technology Minister Ashwini Vaishnaw told Reuters on the sidelines of the ongoing World Economic Forum.
He said bilateral trade has increased under the India-UAE Comprehensive Economic Partnership Agreement (CEPA). He also highlighted key collaborations such as the India-Middle East-Europe economic corridor and initiatives to promote Rupay and facilitate direct trade between rupee and dirham.
Even if advanced economies meet or somewhat exceed their promise to provide USD 100 billion a year, the bulk of the financing for these low-carbon investments will need to come from the private sector.
Climate finance provided and mobilised by developed countries for climate action in developing countries reached USD 89.6 billion in 2021, according to the OECD's sixth assessment of progress towards the goal for developed countries to provide and mobilise USD 100 billion of climate finance
"Our trade with Africa today is in excess of USD 100 billion and it's actually fairly evenly balanced. It's not just trade, India is among the top five investors in Africa. Our estimated capital today is in excess of USD 80 billion," EAM Jaishankar said while addressing an event marking t
"Basic foundation on which I believe we are looking to expand the trade between our two countries, significantly, at least to make it USD 100 billion, very quickly, said Goyal at the meeting with top business leaders from India and UAE hosted by Abu Dhabi Chamber.
New Delhi [India], October 5: The textile industry is the cornerstone of the Indian economy, accounting for 12 per cent of the manufacturing sector GDP. It is also the second largest in terms of employment generation. About 45 million people are directly engaged in this sector, comprising mo