India will need more than 1,300 planes in the next few years, he said
This comes after the resignation of incumbent Ashok Gajapati Raju of the Telugu Desam Party after the latter parted ways with the NDA government
TDP's P Ashok Gajapathi Raju had quit as aviation minister on Thursday after his party pulled out of Modi govt
The President accepted Gajapathi Raju's resignation on Friday
The minister is slated to hold a series of bilateral meetings with his counterparts from many countries, including Australia and the UK, participating at the WEF in Davos
Citing the example of China, he said the country has created several allies by becoming the largest exporter in the world
Commerce & Industry Minister Suresh Prabhu has asked the industry to set a timeline for achieving a USD 1 trillion in manufacturing revenue and take its share in GDP to 20 per cent. The share of manufacturing in GDP has been trending at 16-17 per cent for some years now and the previous Manmohan Singh government had set a target of taking this share to 25 per cent of GDP by the turn of 2025. "The government aims to increase the share of manufacturing in GDP to 20 per cent," the minister told a CII-organised event on the topic here today without offering a timeline to achieve the same. But instead he asked the industry to set a timeline for themselves to achieve this as also to take the value of manufacturing GDP to USD1 trillion. "Without a number it is not possible for the industry to prepare a roadmap for achieving this milestone," he said. To help achieve this, the minister said government is working on getting into the top 50 slot in the World Bank's ease of ...
Gems and Jewellery Export Promotion Council has demanded cut in import duty on gold to 4% from the current 10%
Proper market segmentation is the need of the hour to understand the potential of domestic goods and services, says Suresh Prabhu
Commerce and Industry Minister Suresh Prabhu, commerce and industry minister, has called for a permanent solution on the issue of public stockholding of foodgrain, at the Ministerial Conference in Argentine this December of the World Trade Organization (WTO).At the WTO 'mini ministerial' meet in Morocco, ending Tuesday, the Indian government reiterated the stance that issues from the Doha Development Agenda needed to be uniformly reaffirmed.In his first brush with the WTO system and the 35 trade ministers from key economies, after taking charge as commerce minister last month, Prabhu led discussions on behalf of developing economies. He stressed that older issues based on agriculture should be sorted before member nations move on to newer issues such as a proposed set of global rules for e-commerce.WTO called the two-day Morocco meet to agree on an agenda for the December summit, a senior commerce and industry ministry official said. Prabhu reiterated that the agreed objectives of ...
He also said that he would ensure that entrepreneurship would blossom in India
Prabhu also said he would soon visit Washington DC to meet the US Commerce Secretary and the trade representatives in the US to hold discussions on trade and commerce related issues
Prabhu said that ensuring growth of exports was the priority of the ministry
Prabhu says the 'Power of the State' will push the start-up ecosystem towards greater success
Says his ministry will work on developing the global supply chain for the agriculture sector
New commerce and industry minister Suresh Prabhu went into briefings from officials on pressing issues, separately from the department of commerce and from the department of industrial policy and promotion.A senior commerce official said further sessions with the minister had been scheduled. Prabhu then went to the prime minister's office for a meeting and also to his earlier charge at the railways ministry, to attend an event.It is unclear whether he will embark on a three-day visit to Russia's port city of Vladivostok. External affairs minister Sushma Swaraj would be there from Tuesday, for the third Eastern Economic Forum meet.Prabhu will have to get a handle on the mid-term review of the Foreign Trade Policy, earlier set to be issued this month. Officials say this might now be postponed till early October. He will also get only three months to acquaint himself with pending issues at the World Trade Organization before the ministerial conference in December. India is hard pressed ..
Prabhu is taking charge of the commerce department at a time when export growth is waning
On agenda will be at least 16 free trade agreements that India is negotiating with nations
Development comes after Prabhu took moral responsibility for the Kalinga Utkal Express' derailement
I am extremely pained by the unfortunate accidents, injuring passengers: Suresh Prabhu