India permits trade through FDI from Pakistan
New Delhi, Aug 22 (ANI): Minister of State of Commerce and Industry Jyotiraditya Scindia on Wednesday said that India has decided to permit trade through Foreign direct investment (FDI) from Pakistan.
In a written reply in the Rajya Sabha, Scindia said: "Department of Industrial Policy and Promotion(DIPP), vide Press Note No. 3(2012 Series) dated August 1, 2012 reviewed the FDI Policy and decided to permit a citizen of Pakistan or any entity incorporated in Pakistan to make investments in India, under the Government route, in sectors/activities other than defence, space and atomic energy."
"In March 2012, Government of Pakistan replaced its 'Positive List' comprising 1947 items that could be exported by India to Pakistan with a 'Negative List' of 1209 items. This implies that except for these 1209 items, all other items can be exported from India to Pakistan," he said.
"Such substantial increase in tradable commodities is expected to reduce trade through third countries. It is expected that exports in sectors such as agricultural produce, chemicals, textiles, auto components could be enhanced through bilateral investment," he added. (ANI)
Read More: Delhi Industrial Area | Industrial Area Aligarh | Industrial Estate Sikandrabad | Jagdishpur Industrial Area | Industrial Area | India Security Press | Indore Industrial Area | Dewas Bank Note Press | Dewas Industrial Estate | Industrial Estate Gwalior | Bilaspur Industrial Estate | State Bank Of India | Industrial Area Tso | Industrial Estate Tso | Industrial Estate Lsg So | Bommasandra Industrial Estate | Belur Industrial Area | Guindy Industrial Estate | Spicto Industrial Estate | Euro 2012
NOT ENOUGH REASONS TO BAN IPL, SAYS N SRINIVASAN
May 19, 2013 at 10:25 PM
"BCCI DOESN___T COMES UNDER RTI, SAYS BCCI BOSS "
May 19, 2013 at 10:09 PM
"WILL TAKE ACTION AFTER GETTING REPORT FROM DELHI POLICE: SHUKLA "
May 19, 2013 at 10:08 PM