Home / Knowledge / News / Textiles / Govt committed to meet fiscal deficit target: Jaitley
Govt committed to meet fiscal deficit target: Jaitley
21
Sep '15
Union Finance Minister Arun Jaitley has reiterated the government's commitment to meet fiscal deficit target and to continue on the path of economic reforms, according to an official statement. He said that implementation of GST was very high on the government's priority.

Jaitley was speaking during his meeting with major foreign institutional investors and companies in Hong Kong on the first day of his two-day official visit to Hong Kong that began on September 20.

At the meeting, investors raised issues relating to development of corporate bond market, currency derivatives market and further liberalisation of external commercial borrowing policy including rupee denominated offshore bonds.

Later in the day, the Finance Minister addressed a luncheon meeting organized by Hong Kong Trade Development Council (HKTDC) and FICCI. In his address, Jaitley talked about the increasing trade and investment relationship between India and China and the important role being played by the Hong Kong in this regard. China had been a significant contributor to the global growth in the last decade. Jaitley said that India would look forward to enhancing its engagement with China and Hong Kong SAR in economic investment and trade areas.

He mentioned that in the development of hundred smart cities, there was large potential for Hong Kong services sector companies to collaborate with India companies.

Ms. Margaret Fong, Executive Director, HKTDC talked about large bilateral trade between Hong Kong and India and that Hong Kong was a major gateway for Indian exports to China. She said that Hong Kong as a regional logistics and sourcing hub, could play a larger role in India's trade with China and with East Asia. In April 2015 HKTDC opened its second office in Delhi after Mumbai and would be organizing visits of business delegations to India, she added.

Members of HKTDC raised issues relating to their participation in metro rail projects in India, power sector investments from China and supply of architectural and consultancy services from Hong Kong to India.

Jaitley also addressed the Indian community in Hong Kong in an event organized by Indian Chamber of Commerce, Hong Kong. The Finance Minister talked about the feeling of pride in the Indian communities abroad that India is moving in the right direction to realize it's true potential and due place in the world. He acknowledged the contribution of overseas Indians in Hong Kong in promoting trade and investment with India. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Chinese firm sets up textile-garment chain in Vietnam

Apparel/Garments | On 13th Dec 2017

Chinese firm sets up textile-garment chain in Vietnam

Worldon Vietnam Co. Ltd under the Chinese Shenzhou Group is likely to ...

Courtesy: SATO Global Solutions

Information Technology | On 13th Dec 2017

Sensor networks improve inventory management

Sensor networks like radio frequency identification (RFID) and smart...

CMAI hails review of FTP as 'progressive package'

Apparel/Garments | On 13th Dec 2017

CMAI hails review of FTP as 'progressive package'

The Clothing Manufacturers' Association of India (CMAI) has hailed...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search