Sunday, Nov 17 2019 | Time 17:57 Hrs(IST)
image
  • 46 arrested for Ganja peddling, 34 75 kg, Rs 85,000, 12 vehicles seized
  • Naidu asks RS MPs to introspect on its functioning
  • Congress' only aim to defeat disqualified MLAs: Siddaramaiah
  • Amit Shah introduces winter grade Diesel in Ladakh, inaugurates first outlet
  • Valluvan community members stage demo to condemn defiling of Thiruvalluvar statue
  • Gotabaya Rajapaksa elected president; to be sworn in Monday
  • Union Minister Prakash Javdekar exudes confidence of BJP crossing 65 seats
  • JVM(P) comes out with third list of candidates on 5 seats
  • Himachal CM pays tribute to freedom fighter Lala Lajpat Rai
  • AIMPLB to file review petition against SC verdict on Ayodhya
  • 41-day Mandala Vratha for Sabarimala pilgrimage begins amid Kerala Minister saying no police protection for women in 10-50 age group
  • Laxman requests Pradhan to order inquiry into MoU signed between HPCL, IOC and TSRTC
  • Angry over ticket denial Saryu Rai announces his candidature against Raghubar Das
  • Yellow vest: More than 260 arrested following yellow vest protest across France
  • US supports delay in prisoner swap with Talilban, says US Ambassador to Afghanistan
Business Economy


Commerce and Industry Minister on two-day visit to Sweden

New Delhi, Oct 21 (UNI) Commerce and Industry Minister Piyush Goyal will attend the 19th Session of the Indo-Swedish Joint Commission for Economic, Industrial and Scientific Cooperation in Stockholm, Sweden on Wednesday.
The session will be co-chaired by Mr Goyal and his counterpart in Sweden Anna Hallberg, Minister of Foreign Trade, according to Commerce and Ministry statement here on Monday.
Sweden has a long history of investments in India. As per October 2017 data, there are over 170 Swedish joint ventures and wholly owned subsidiaries in India. Sweden is the 20th largest foreign investor in India with cumulative investment of USD 8.51 billion between January 2003 and January 2017.
The existing Swedish MNCs are now expanding not only in manufacturing but also increasingly on offshore IT operations and R&D in India. Sectors that have received the largest shares of Swedish investments in India are automobile industry with USD 362.20 million (33 per cent), industrial machinery with USD 162.09 million (15per cent) and miscellaneous mechanical & engineering industries with USD 115.67 million (10 per cent).
Over the last decade, Indian investment in Sweden has also increased. There are over 70 Indian companies including IT companies currently present in Sweden. Indian pharma and biotech companies like Dr Reddys, Biocon, Kemwell and Cadila Pharma have formed collaborative relations in Sweden.
There is significant potential for enhancing bilateral collaboration in key areas like green technologies, renewable energy, smart infrastructure, healthcare and defence. Trade in services is large and growing, especially in areas of IT, business services, travel and transportation.
According to the International Trade Centre figures, in 2016, the total bilateral trade in service was worth USD 1.23 billion, which included Indian service exports of USD 767 million to Sweden and Swedish service exports of USD 458 million to India.
According to available statistics, the main items of Indian exports to Sweden were articles of apparel, clothing accessories, textiles yarn, fabrics, manufactures of metals, road vehicles, general industrial machinery and equipment.
The main items of Indian imports from Sweden were pulp and waste paper, road vehicles, paper board, general industrial machinery and equipment, iron and steel and power generating machinery & equipment.
UNI RSA SHK2016
More News
Anil Ambani steps down as director of RCom

Anil Ambani steps down as director of RCom

16 Nov 2019 | 6:43 PM

Mumbai, Nov 16 (UNI) Anil Ambani has resigned as director of debt-strapped Reliance Communications, the company said in a filing to the Bombay Stock Exchange on Saturday.

see more..

Bullion Market Closing Rates

16 Nov 2019 | 3:08 PM

Chennai, Nov 16 (UNI) Following is the bullion markets
closing rate here today.

see more..

Kozhikode Coir Market

16 Nov 2019 | 1:19 PM

Kozhikode, Nov 16 (UNI) Following were the rates in the
Kozhikode Coir Market today per quintal.

see more..

Kozhikode Oil Market

16 Nov 2019 | 1:18 PM

Kozhikode, Nov 16 (UNI) Following were the rates in the
Kozhikode Oil Market today per quintal.

see more..

Kozhikode Spices market

16 Nov 2019 | 1:16 PM

Kozhikode, Nov 16 (UNI) Following were the rates in the
Kozhikode Spices market today per quintal.

see more..
image