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Trade negotiations for ensuring inclusive growth
17 Jan '08
2 min read
South – South Trade - the India – Brazil – South Africa (IBSA) initiative is expected to diversify India's export basket even further. Not only has the number of FTAs involving India have increased but their scope widened to include services and investment.
The Minister further stated that: “While foreign investments have flowed into sectors such as IT, telecom, and manufacturing, they have primarily entered the large corporate sector in the form of equity.
Angel investing, venture capital, and private equity placements have only recently begun to see an upward trend. India's huge base of small and medium enterprises produces about half of aggregate output of the country, and contribute directly and indirectly to over 50% of exports.
They also employ about 28 million people and exhibit excellent flexibility to rapidly changing global environments”.
The Minister further stated that: “While foreign investments have flowed into sectors such as IT, telecom, and manufacturing, they have primarily entered the large corporate sector in the form of equity.
Angel investing, venture capital, and private equity placements have only recently begun to see an upward trend. India's huge base of small and medium enterprises produces about half of aggregate output of the country, and contribute directly and indirectly to over 50% of exports.
They also employ about 28 million people and exhibit excellent flexibility to rapidly changing global environments”.
Press Information Bureau Government of India
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