Home / Knowledge / News / Textiles / Anand Sharma urges UAE to give textile imports concession
Anand Sharma urges UAE to give textile imports concession
22
Feb '13
The Union Minister for Commerce, Industry & Textiles Shri Anand Sharma, in a bilateral meeting with Ms. Sheikha Lubna Bint Khalid Al Qasimi, Minister of Foreign Trade, UAE, in Dubai, said that despite of the fact that UAE is India’s top partner amongst the GCC countries and the second largest trading partner for India in the world after China, “the bilateral trade does not reflect the full potential and can be further exploited to mutual advantage of both the countries.” Shri Sharma conveyed to Ms. Qasimi that UAE should take the lead in “reenergizing the negotiations for concluding the India-GCC FTA talks”, which have stalled for a while.

Shri Sharma was also concerned of the matter that although the bilateral trade between the two regions has grown tremendously, the capital flow between the regions has remained miniscule. Speaking on the same issue, Shri Sharma emphasized the opportunities for increased investments from UAE in India, especially in infrastructure sector such as power and utilities, roads and highways, ports, aviation, telecommunications and urban infrastructure.

He also assured that “India is committed to strengthening and expanding cooperation with UAE in other sectors such as construction, downstream products in the petroleum and natural gas sector, agriculture and food processing, science & technology, renewable energy, IT, education, training, health and financial services.”

Highlighting the fact that India is a major exporter of textiles, Shri Sharma also hoped that the UAE Government would give a special concessional treatment to textile imports from India.

Shri Sharma also expressed the desire of Indian companies to invest in UAE in energy intensive manufacturing, infrastructure, services, tourism and hospitality, pharmaceuticals and healthcare, financial services, agro-based value chain and education. Along with this, Shri Sharma conveyed to the UAE Minister India’s desire to “take part in UAE’s projects in the oil, railways, construction and other sectors.”

Ministry of Commerce

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Lynda Kelly
Suominen Corporation

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search