US asks India to remove customs duties on ICT items
The Dollar Business Bureau Ahead of the scheduled bilateral Strategic and Commercial Dialogue next month, US asked India to remove customs duties on the products of information and communications technology (ICT). “We are also asking India to eliminate customs duties on ICT products. This will help introduction of these products into the supply chain operations,” said Robert Holleyman, Deputy US Trade Representative (USTR) on Monday, at an event organised by the think tank, Observer Research Foundation. In order to ensure free trade of ICT products, Holleyman said that the US is also in discussion with India for implementing trade facilitation agreement (TFA) of WTO. He stated that India should make the most of the export-led growth approach as it would enhance its potential in the ...
Huawei to help India to build ICT for smart cities
Source: PTI China's Huawei Technologies wants to play an important role in helping India build Information and Communications Technology (ICT) infrastructure for the development of smart cities, a senior company executive said in Singapore on Thursday. “We will be able to help India build ICT infrastructure including wireless systems and the computing platforms for the smart cities,” said Joe So, Chief Technology Officer for Industry Solutions at Huawei in Shenzhen head office. “We can help build the inter-dependency of the Indian system,” he said, stressing on Huawei's strength in building ICT infrastructure. He noted the similarity between India and China, especially based on the huge population in major cities. India's smart cities should also adopt ICT, he urged. Citing examples, So ...
India looks beyond Vietnam in CLMV to boost trade
The Dollar Business Bureau India has accorded high priority to economic engagements with CLMV countries, and is establishing seamless physical connectivity with the region The Indian government has said that it will focus on increasing bilateral ties with countries in the CLMV region, comprising Cambodia, Lao PDR, Myanmar, and Vietnam under its “Look East” policy. Speaking at the CLMV Business Conclave, India’s Commerce Minister, Nirmala Sitharaman, said that India’s trade with the CLMV countries is mostly with Vietnam and in a few items and there is a tremendous scope to deepen and widen the trade basket in India’s trade ties with this region. She said, “Currently, 70-80% of India-CLMV trade is centred around only a few products. I think ...
