Time out

New Delhi, Jul 11 (PTI) Union Minister V Muraleedharan on Tuesday shared India's commitment to spotlight the priorities, perspectives and concerns of the developing nations, including the Arab world, during its G20 Presidency. The minister of State for External Affairs said despite the challenging global context, trade between India and the Arab world has escalated, currently standing at over USD 240 billion. Also Read | Public Health Groups Urge GST Council To Raise Compensation Cess on Tobacco Products. He emphasised the Arab world's significant contributions to India's energy and food security, providing approximately 60 per cent of India's crude oil imports and over 50 per cent of its fertiliser needs. Addressing the India Arab Partnership Conference organised by Ficci, the minister said shared cultural heritage through linkages of language, customs, and traditions continue to lend energy to the historical bond between India and the Arab nations. Also Read | Net Direct Tax Mop-Up Grows 16% to Rs 4.75 Lakh Crore So Far This Fiscal. "The Arab world is indeed a part of India's extended neighbourhood. Our shared views on major international developments, strong economic and commercial relations, and deep people-to-people ties form the foundation of our relations," he added. Khalid Hanafi, Secretary General at Union of Arab Chambers (UAC), emphasised the strength of the existing relations between India and the Arab world, and proposed the need to build upon these foundations, shifting the focus from merely an exchange of goods and services to a more strategic partnership and unity. He underscored the need to establish a payment system between India and the Arab world. Hanafi also advocated for a transition from traditional goods to the 4th Industrial Revolution and digital technology applications in agriculture and the management of supply chains.(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)Copyright © Latestly.com All Rights Reserved.

New Delhi, Jul 11 (PTI) Union Minister V Muraleedharan on Tuesday shared India’s commitment to spotlight the priorities, perspectives and concerns of the developing nations, including the Arab world, during its G20 Presidency.The minister of State for External Affairs said despite the challenging global context, trade between India and the Arab world has escalated, currently standing at over USD 240 billion.He emphasised the Arab world’s significant contributions to India’s energy and food security, providing approximately 60 per cent of India’s crude oil imports and over 50 per cent of its fertiliser needs.Addressing the India Arab Partnership Conference organised by Ficci, the minister said shared cultural heritage through linkages of language, customs, and traditions continue to lend energy to the historical bond between India and the Arab nations.“The Arab world is indeed a part of India’s extended neighbourhood. Our shared views on major international developments, strong economic and commercial relations, and deep people-to-people ties form the foundation of our relations,” he added.Khalid Hanafi, Secretary General at Union of Arab Chambers (UAC), emphasised the strength of the existing relations between India and the Arab world, and proposed the need to build upon these foundations, shifting the focus from merely an exchange of goods and services to a more strategic partnership and unity.He underscored the need to establish a payment system between India and the Arab world.Hanafi also advocated for a transition from traditional goods to the 4th Industrial Revolution and digital technology applications in agriculture and the management of supply chains.Your email address will not be published. Required fields are marked * Name  * Email  * Website Add Comment * Save my name, email, and website in this browser for the next time I comment.Post Comment Δdocument.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() );

كونا document.write(new Date().getFullYear());, جميع الحقوق محفوظة

Follow Us New Delhi, Jul 11 (PTI) Union Minister V Muraleedharan on Tuesday shared India's commitment to spotlight the priorities, perspectives and concerns of the developing nations, including the Arab world, during its G20 Presidency.  The minister of State for External Affairs said despite the challenging global context, trade between India and the Arab world has escalated, currently standing at over USD 240 billion.  He emphasised the Arab world's significant contributions to India's energy and food security, providing approximately 60 per cent of India's crude oil imports and over 50 per cent of its fertiliser needs.  Addressing the India Arab Partnership Conference organised by Ficci, the minister said shared cultural heritage through linkages of language, customs, and traditions continue to lend energy to the historical bond between India and the Arab nations. "The Arab world is indeed a part of India's extended neighbourhood. Our shared views on major international developments, strong economic and commercial relations, and deep people-to-people ties form the foundation of our relations," he added.  Khalid Hanafi, Secretary General at Union of Arab Chambers (UAC), emphasised the strength of the existing relations between India and the Arab world, and proposed the need to build upon these foundations, shifting the focus from merely an exchange of goods and services to a more strategic partnership and unity.  He underscored the need to establish a payment system between India and the Arab world. Hanafi also advocated for a transition from traditional goods to the 4th Industrial Revolution and digital technology applications in agriculture and the management of supply chains. PTI RSN SHW Share this article If you liked this article share it with your friends.they will thank you later

AMN India and the Arab world trade relations have stood the test of time and even during the COVID-19 pandemic and global geopolitical conflict it continues to grow.Addressing the 6th India- Arab partnership conference in New Delhi today, Minister of State for External Affairs V. Muraleedharan said the trade between India and the Arab world stands at 240 billion dollars. He said, India’s wide-ranging partnerships with Arab countries are robust. He added that they have traditionally enjoyed close and friendly relationships and shared cultural heritage.The Minister also said, new India is moving ahead with the mantra of reform, perform and transform in every sector adding that India has emerged as the fastest-growing major economy in the world. Highlighting initiatives including Startup India, Digital India and Production Linked Incentive Scheme for the manufacturing sector, he said the government is continuously working to improve the business environment in the country.  Mr. Muraleedharan also said, India’s innovation ecosystem is best in the world which is being reflected in the growing number of startups.Your email address will not be published. Required fields are marked *Comment * Name * Email * Website اے ایم این / نئی دہلی ہندوستان کے قومی سلامتی کے مشیر (این ای ... بہار سرکار نے پہلی بار زہریلی شراب کے سانحے میں مرنے والوں کے ... ریلوے کی وزارت نے اعلان کیا ہے کہ سبھی ریل گاڑیوں میں اے سی چی ... AMN / WEB DESK Thailand continued to be favorite destination for foreign tourist, as the country has welcom ... Around 500 people have successfully climbed the highest mountain in the world, Mount Everest. During the curre ... “Please don’t make it a competition” – Indian chef, Lata Tondon who held the Guinness record Hilda Bac ... AMN / WEB DESK Budding Photographer from New Delhi Mohsin Javed's  Photographs were selected for the F ... AMN / Guwahati Press Club of Assam (PCA) demands a modern multi-media centre in Guwahati for the benefit of ... AMN / WEB DESK Indian Space Research Organisation (ISRO) will soon transfer its Small Satellite Launch Vehi ... AMN / WEB DESK India's upcoming lunar mission Chandrayaan-3 will be launched from Sriharikota this week. Mi ... @Powered By: Logicsart

Page not found

Updated: Jul 11 2023 7:59PM New Delhi, Jul 11 (PTI) Union Minister V Muraleedharan on Tuesday shared India's commitment to spotlight the priorities, perspectives and concerns of the developing nations, including the Arab world, during its G20 Presidency.  The minister of State for External Affairs said despite the challenging global context, trade between India and the Arab world has escalated, currently standing at over USD 240 billion.  He emphasised the Arab world's significant contributions to India's energy and food security, providing approximately 60 per cent of India's crude oil imports and over 50 per cent of its fertiliser needs.  Addressing the India Arab Partnership Conference organised by Ficci, the minister said shared cultural heritage through linkages of language, customs, and traditions continue to lend energy to the historical bond between India and the Arab nations. "The Arab world is indeed a part of India's extended neighbourhood. Our shared views on major international developments, strong economic and commercial relations, and deep people-to-people ties form the foundation of our relations," he added.  Khalid Hanafi, Secretary General at Union of Arab Chambers (UAC), emphasised the strength of the existing relations between India and the Arab world, and proposed the need to build upon these foundations, shifting the focus from merely an exchange of goods and services to a more strategic partnership and unity.  He underscored the need to establish a payment system between India and the Arab world. Hanafi also advocated for a transition from traditional goods to the 4th Industrial Revolution and digital technology applications in agriculture and the management of supply chains. PTI RSN.Please log in to get detailed story. Press Trust Of India (PTI) is India's premier news agency, with a reach as vast as the Indian Railways'. It employs nearly 400 journalists and 500 stringers to cover almost every city and small town in India. Collectively, our journalists put out more than 1,000 stories and 250 photographs including graphics every day to feed the appetite of the diverse subscribers, who include the mainstream media, the specialized presses, research groups, companies, and government and non-governmental organizations. The Press Trust Of India Ltd.PTI building 4, Parliament Street, New Delhi-110 001© PTI 2021, All Right ReservedDesigned by: 4c Plus

Unsubscribe to continueThis is a subscriber only feature Subscribe Now to get daily updates on WhatsAppHe underscored the need to establish a payment system between India and the Arab world. Union Minister V Muraleedharan on Tuesday shared India's commitment to spotlight the priorities, perspectives and concerns of the developing nations, including the Arab world, during its G20 Presidency. The minister of State for External Affairs said despite the challenging global context, trade between India and the Arab world has escalated, currently standing at over USD 240 billion. He emphasised the Arab world's significant contributions to India's energy and food security, providing approximately 60 per cent of India's crude oil imports and over 50 per cent of its fertiliser needs. Addressing the India Arab Partnership Conference organised by Ficci, the minister said shared cultural heritage through linkages of language, customs, and traditions continue to lend energy to the historical bond between India and the Arab nations. "The Arab world is indeed a part of India's extended neighbourhood. Our shared views on major international developments, strong economic and commercial relations, and deep people-to-people ties form the foundation of our relations," he added. Khalid Hanafi, Secretary General at Union of Arab Chambers (UAC), emphasised the strength of the existing relations between India and the Arab world, and proposed the need to build upon these foundations, shifting the focus from merely an exchange of goods and services to a more strategic partnership and unity. He underscored the need to establish a payment system between India and the Arab world. Hanafi also advocated for a transition from traditional goods to the 4th Industrial Revolution and digital technology applications in agriculture and the management of supply chains.First Published: Jul 11 2023 | 10:15 PM ISTCOVID-19Personal FinanceVirtual RealityEnvironment

Union Minister V Muraleedharan on Tuesday shared India's commitment to spotlight the priorities, perspectives and concerns of the developing nations, including the Arab world, during its G20 Presidency. The minister of State for External Affairs said despite the challenging global context, trade between India and the Arab world has escalated, currently standing at over USD 240 billion. He emphasised the Arab world's significant contributions to India's energy and food security, providing approximately 60 per cent of India's crude oil imports and over 50 per cent of its fertiliser needs. Addressing the India Arab Partnership Conference organised by Ficci, the minister said shared cultural heritage through linkages of language, customs, and traditions continue to lend energy to the historical bond between India and the Arab nations.''The Arab world is indeed a part of India's extended neighbourhood. Our shared views on major international developments, strong economic and commercial relations, and deep people-to-people ties form the foundation of our relations,'' he added. Khalid Hanafi, Secretary General at Union of Arab Chambers (UAC), emphasised the strength of the existing relations between India and the Arab world, and proposed the need to build upon these foundations, shifting the focus from merely an exchange of goods and services to a more strategic partnership and unity. He underscored the need to establish a payment system between India and the Arab world. Hanafi also advocated for a transition from traditional goods to the 4th Industrial Revolution and digital technology applications in agriculture and the management of supply chains.(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) Email: info@devdiscourse.com Phone: +91-720-6444012, +91-7027739813, 14, 15 © Copyright 2023

India has invited members of the 22-nation League of Arab States to invest in the country, notably in the industrial and infrastructure sectors, while also calling upon them to benefit from the ‘Make in India’ programme of Prime Minister Narendra Modi.

“We invite both your public sector and private sector companies to invest in India,” Commerce Minister Nirmala Sitharaman said here on Wednesday, inaugurating the 4th India-Arab Partnership Conference.

The conference is being organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) in association with the ministry of external affairs and the League of Arab States (LAS).

FICCI Senior Vice President Jyotsna Suri and Kuwait’s Deputy Prime Minister & Minister of Commerce and Industry Abdulmohsen Al-Medaj were present at the conference. “The Indian growth story will be incomplete without the participation of friends like the Arab League,” the minister noted, while expressing happiness that the businesses of the two sides were actively exploring multiple avenues for partnerships.

“Our trade statistics indicate that our mutual economic dependency is growing,” she said, and pointed out that India’s bilateral trade with Arab countries reached $185 billion in 2013-14, a jump of nearly 25 per cent over 2010-11.

Sitharaman also gave several concrete examples of India-Arab world partnerships.

With India being the largest importer of Jordanian phosphatic products, a $800 million project between Indian Farmers and Fertilisers Cooperation and Jordan Phosphate Mines Company was ready for formal inauguration, she said.

Similarly, the Oman-India Fertiliser Company project was a landmark to ensure supplies of urea to India - a joint venture promoted by two Indian fertiliser cooperatives and the Oman Oil Company.

It comes against the backdrop of the first senior officials’ meeting between India and the 22-member league here earlier this month which discussed expanding business relations, especially in energy and information technology.

Pointing to the Arab world’s strategic ties with India based on being neighbours across the Arabian Sea, Saudi Arabia’s Commerce Minister Tawfiq Fawzan Al Rabiah told the conference that “India is one of the biggest trading partners of Saudi Arabia. Relations between India and the Arab world have a long history”.

“The Indian rupee was a currency in the Gulf till not very long ago. Geographical closeness has given a new dimension to our relations. Urdu and Indian culture are very popular in the Arab world,” he added.

Saudi Arabia is India’s largest supplier of crude oil and the fourth biggest trading partner. Bilateral trade amounted to $48.75 billion in 2013-14. India is the 5th largest market for Saudi products and is, in turn, the seventh largest source of imports to that country.