Last Updated : Dec 18 2018 11:17PM     Screen Reader Access
News Highlights
Govt priority is to ensure Ease of Doing, Ease of Living: PM            Both Houses of Parliament adjourned for the day            India will become five-trillion-dollar economy in 7-8 years: Prabhu            Gujarat govt waives off electricity bills worth Rs 650 crore            Maharashtra govt orders enquiry into ESIC Hospital fire           

Business News

Oct 05, 2018
8:50PM

Prabhu announces setting up of fast track mechanism to promote Russian investments in India

NSD Logo
Minister of Commerce and Industry, Suresh Prabhu today announced the setting up of a fast track, single-window mechanism to promote Russian investments in India.

The Minister was addressing the India - Russia Business Summit organized by the Department of Industrial Policy and Promotion (DIPP), Invest India and Confederation of Indian Industry (CII) in New Delhi. 

Mr Prabhu said that the new mechanism will be helmed by Secretary of DIPP, Ministry of Commerce and Industry.

He said there is an opportunity for India and Russia to collaborate in fields like hydrocarbons, gold and diamond, timber, pharma, agriculture, power generation, aviation, railways and logistics. Speaking on the occasion, Minister for Economic Development of Russia, Maxim Oreshkin, said that Russia is preparing a strategy to increase economic cooperation with India. 

The new mechanism would be in addition to the Russia Desk that had been set up earlier to promote Russian investment in India.

Mr Prabhu informed that the work on the International North-South Transport Corridor was underway and signing of a Free Trade Agreement with Eurasian Economic Union soon, will create a huge market benefiting all countries of the region and promote inter-regional partnerships between the states of India and the regions of Russia.

   Related News

Live Twitter Feed

Listen News

Morning News 18 (Dec) Midday News 18 (Dec) News at Nine 18 (Dec) Hourly 18 (Dec) (2300hrs)
समाचार प्रभात 18 (Dec) दोपहर समाचार 18 (Dec) समाचार संध्या 18 (Dec) प्रति घंटा समाचार 18 (Dec) (2305hrs)
Khabarnama (Mor) 18 (Dec) Khabrein(Day) 18 (Dec) Khabrein(Eve) 18 (Dec)
Aaj Savere 18 (Dec) Parikrama 18 (Dec) Lok Ruchi Samachar 16 (Dec)

Listen Programs

Market Mantra 18 (Dec) Samayki 18 (Dec) Sports Scan 18 (Dec) Spotlight/News Analysis 18 (Dec)
    Public Speak Country wide 13 (Dec) Surkhiyon Mein 13 (Dec) Charcha Ka Vishai Ha 12 (Dec) Vaad-Samvaad 18 (Dec) Money Talk 18 (Dec) Current Affairs 14 (Dec)

 

 

 

 

× All donations towards the Prime Minister's National Relief Fund(PMNRF) and the National Defence Fund(NDF) are notified for 100% deduction from taxable income under Section 80G of the Income Tax Act,1961""