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India-Sri Lanka First CEO Forum Meeting

The first meeting of the India Sri Lanka CEOs Forum took place at Colombo on August 04, 2012. The forum was constituted by Indian PM Dr. Manmohan Singh and Sri Lankan President Mahindra Rajapaksa to enhance the trade and investment between the two nations. In the meeting the CEOs felt there are immense opportunities in the apparel sector for both ...

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Over 108 Companies participate in India show in Sri Lanka

The 3rd edition of India show in Sri Lanka witnessed a strong 205 Indian delegation represented by leading CEOs and senior business representatives. Mr Anand Sharma, Union Minister for Commerce, Industry & Textiles led the Indian delegation to the show. The show is jointly organized by the Confederation of Indian Industry (CII), Ministry of Commerce & Industry and the High ...

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New Delhi to host the first ever foreign ministers meetings of India and CELAC Countries for Trade

India will hold talks with a newly formed grouping of nations comprising 33 countries of Latin America and the Caribbean region at New Delhi on August 07, 2012 with an aim to enhance ties in diverse industrial sectors including exploration of hydrocarbons and minerals. The external affairs minister of India S. M. Krishna will lead the Indian delegation while the ...

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India-Russia trade target to achieve $20 billion by 2015

In a recent meeting with the Russian Deputy Prime Minister at Hyderabad House in New Delhi the Indian Foreign Minister Mr. S. M. Krishna stressed the need to make maximum effort to achieve a $20 billion trade target by the year 2015. Indian and Russia have jointly agreed to study a comprehensive economic cooperation agreement with Belarus, Kazakhstan and the ...

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India-Russia sign pact for funding nuclear power project

India and the Russian Federation have signed a protocol for funding two new units at the Kudankulam nuclear power projects in Tamilnadu. Mr. A. P. Joshi, special secretary, department of atomic energy and Mr. S. A.  Storchak, Deputy minister of finance of the Russian federation, signed the protocol. Russia will extend an export credit of US$ 3400 million to Russian ...

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BSE to launch SME Exchange by March end

Bombay Stock Exchange (BSE) may start operation of its SME Exchange in the first week of March. The Exchange had first announced its intention to begin operations as early as November last year. Capital market regulator Securities and Exchange Board of India (SEBI) had given its clearance to the dedicated stock exchange, aiming to help SMEs resolve the start-up issue. ...

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SingTel rolls out Smart plans for SMEs

SINGTEL has launched three ‘Smart’ packages to help small- and medium-sized enterprises (SMEs) save up to 75per cent on telephony and technology costs. The packages come with monthly subscription fees and are designed to help companies tailor their infocomm technology (ICT) needs. SingTel says the plans are ‘ideal for SMEs that wish to avoid upfront investments in infocomm technology systems ...

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India-Demand slump, fund shortage derail SMEs’ growth plans

Around mid-2008, a small Bangalore-based company contracted through MMTC imported lead ingots at $2,015 per metric tonne. By the time the consignment reached Indian shores, a couple of months later, the prices of lead had crashed to $925 per MT, along with a synchronised drop in prices of all other commodities. The company’s net loss in a single import consignment ...

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Malayasia-SMEs get loans after Bank Negara intervenes

THANKS to Bank Negara’s intervention, some 35% of the more than 230 small and medium-scale enterprises (SMEs) that complained of difficulty gaining access to financing have good reason to cheer. Corporate communications department director Abu Hassan Alshari Yahaya talked about the complaints received from these SMEs between October and January this year, 81% have been resolved. For the resolved cases, ...

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India-SMEs seek loan restructuring

With the slowdown taking its toll and people losing jobs, more and more requests for restructuring of loans are coming the banks’ way. “Home loans and SME (small and medium enterprise) loans are coming up most for restructuring. Some real estate developers too are making requests,” says Albert Tauro, CMD of Vijaya Bank.   SMEs too have been badly hit ...

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