Home / Knowledge / News / Textiles / Shri Kamal Nath welcomes investments from Kuwait
Shri Kamal Nath welcomes investments from Kuwait
04
Jul '08
Shri Kamal Nath, Union Minister of Commerce & Industry, during the bilateral interaction with Mr. Mustafa Jassim Al-Shamali, Minister of Finance of Kuwait who called on him here has welcomed investments from Kuwait in sectoral developments in infrastructure, power and petroleum & petrochemicals and stated that India seeks Kuwaiti participation in revival of Indian fertilizer industry besides seeking investments in the fertilizer sector in Kuwait and in third countries.

While highlighting the impressive economic growth in India, Shri Kamal Nath informed the Kuwaiti Minister to utilize this opportunity to witness some of the significant steps taken by Government of India towards its economic progress.

Both sides noted that non-oil trade between two sides has enhanced considerably i.e., US $ 958.41 million in 2007-08 and hoped to multiply this in the coming years.

Both sides discussed about the potential items of import and exports viz, IT, leather goods, precision instruments, drugs & pharmaceuticals, steel & steel products, tourism etc.

India's exports to Kuwait during the period April 2007-February 2008 amounted to US $ 589.78 million. The top 5 items of exports from India were: rice (basmati), machinery & instrument, meat & preparations, manufactures of metals and primary & semi-finished iron & steel.

The top 5 items of imports by India were: petroleum & crude products, organic chemicals, metaliferrous ores & metal scrap, sulpher and unroasted iron pyrites and fertilizers manufactured.

The total cumulative FDI inflows to India during August 1991 to March 2008 are US $ 79.2 billion, inflows from Kuwait are US $ 9.02 million.

Press Information Bureau Government of India

Must ReadView All

Textiles | On 23rd Mar 2017

South Korean Samil Spinning acquires Buhler Quality Yarns

South Korean yarn producer Samil Spinning has acquired US based...

Apparel/Garments | On 23rd Mar 2017

E-retailers to pay up to 1% TCS under GST

E-retail marketplaces will need to deduct up to 1 per cent tax...

Textiles | On 23rd Mar 2017

Lanxess to expand chemical intermediates capacity

The Advanced Industrial Intermediates business unit of German...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Karan Arora
Karan Arora

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

Bani Batra

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

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

news category


Related Categories:
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search