India allows FDI from Pakistan

   May 2, 6:09 pm

New Delhi, May 2 (Xinhua-ANI): India on Wednesday said that it would allow foreign direct investment ( FDI) from Pakistan in a bid to increase economic engagement between the two countries.

"The move is expected to enhance commercial engagement and bilateral trade between India and Pakistan," Indian Commerce Minister Anand Sharma told Parliament.

The minister said that it was agreed during talks between the two countries that impediments should be removed to facilitate bilateral investments.

"A greater degree of bilateral investment could strengthen exports from Pakistan . Exports in sectors such as agriculture produce, chemicals, textiles, auto components could be enhanced through bilateral investment," Sharma said.

Currently, bilateral trade between the two countries stand at 2. 7 billion U.S. dollars. (Xinhua-ANI)

PM Modi greets Netherlands on King's Day Apr 27, 9:01 am
New Delhi, Apr. 27 (ANI): Prime Minister Narendra Modi on Monday extended greeting to the people of Netherlands on the occasion of King's Day.
Full Story
PM Modi greets people of South Africa on their freedom day Apr 27, 8:52 am
New Delhi, Apr. 27 (ANI): Prime Minister Narendra Modi on Monday extended greetings to the people of South Africa on their freedom day and remembered Madiba (Nelson Mandela) who strived to bring a better tomorrow for his people.
Full Story
PM Modi conveys best wishes to Togo on their National Day Apr 27, 8:35 am
New Delhi, Apr. 27 (ANI): Prime Minister Narendra Modi on Monday extended best wishes to the people of Togo, on their National Day.
Full Story
Ahmedabad residents organise prayer for Nepal earthquake victims Apr 27, 8:13 am
Ahmedabad, Apr. 27 (ANI): Residents of Ahmedabad organised a prayer meet to pay their respects to the victims of Nepal earthquake.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY