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Modi begins 3-nation trip, says engagements will strengthen relations with time-tested friends

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Ahead of his visit to France, the UAE and Bahrain, Prime Minister Narendra Modi on Thursday said the engagements will strengthen India’s relations with time-tested friends and help explore new areas of cooperation. Modi will visit the three countries from August 22 to 26. He will reach France on Thursday.

In his departure statement, the Prime Minister said his visit to France reflects the strong strategic partnership which the two countries deeply value and share.

From August 22-23, he will have bilateral meetings in France, including a summit interaction with President Emmanuel Macron and a meeting with Prime Minister Edouard Philippe.

Modi will also interact with the Indian community and dedicate a memorial to the Indian victims of the two Air India crashes in France in the 1950s and 1960s.

Later, from August 25-26, he will participate in the G7 Summit meetings as Biarritz Partner at the invitation of President Macron in the sessions on Environment, Climate, Oceans and on Digital Transformation.

“India and France have excellent bilateral ties, which are reinforced by a shared vision to cooperate for further enhancing peace and prosperity for our two countries and the world at large,” the Prime Minister said.

He said the strong strategic and economic partnership is complemented by a shared perspective on major global concerns such as terrorism and climate change.

“I am confident that this visit will further promote our long-standing and valued friendship with France for mutual prosperity, peace and progress,” Modi said.

During the visit to the United Arab Emirates from August 23-24, the prime minister said he looks forward to discuss with Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan the entire gamut of bilateral relations and regional and international issues of mutual interest.

Modi said he also looks forward to jointly release the stamp to commemorate the 150th birth anniversary of Mahatma Gandhi along with the Crown Prince.

“It will be an honour to receive the ‘Order of Zayed’, the highest civilian decoration conferred by the UAE government, during this visit. I will also formally launch RuPay card to expand the network of cashless transactions abroad,” the Prime Minister said in the statement.

Frequent high-level interactions between India and the UAE testify to our vibrant relations, he said. The UAE is the third-largest trade partner and fourth-largest exporter of crude oil for India, he said.

“The qualitative enhancement of these ties is among one of our foremost foreign policy achievements. The visit would further strengthen our multifaceted bilateral ties with the UAE,” Modi said.

The Prime Minister will be in Bahrain from August 24-25. This will be the first ever prime ministerial visit from India to the Kingdom.

“I look forward to discussing with Prime Minister Prince Shaikh Khalifa bin Salman Al Khalifa the ways to further boost our bilateral relations and share views on regional and international issues of mutual interest,” Modi said.

The prime minister would also be meeting King of Bahrain Shaikh Hamad bin Isa Al Khalifa and other leaders.

“I would also take the opportunity to interact with the Indian diaspora. I will be blessed to be present at the formal beginning of the re-development of the temple of Shreenathji – the oldest in the Gulf region — in the wake of the auspicious festival of Janmashtami. I am confident that this visit would further deepen our relationship across the sectors,” Modi said.





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الحصاد الرياضي من بي ان سبورت bein sports news ليوم [20/02/2020] أخبار سوق الانتقالات

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الحصاد الرياضي من بي ان سبورت bein sports news ليوم [20/02/2020] أخبار سوق الانتقالات
اشترك فى القناة وفعل الجرس ليصلك كل ما هو جديد
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Address GST ambiguity in new policy: Gujarat textile units to ask Centre

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Suggestion for one-nation one-power tariff for the sector was also welcomed during the meeting.Suggestion for one-nation one-power tariff for the sector was also welcomed during the meeting.

In view of upcoming Textile Policy-2020, Gujarat-based textile industry has decided to make presentation before the Union ministry of textile to address the issue of different slabs of good and services tax (GST) on textile value chain.

Currently, different slabs are applicable on raw material, yarn and grey fabric, says Ketan Desai, president of South Gujarat Chamber of Commerce (SGCCI), adding that on raw material, GST is as high as 18%, GST on yarn is 12% and on fabric, it has been kept at 5%.

“Recently, we had a brainstorming session with captains of the textile industry in Gujarat at SGCCI. Nearly 15 different issues related to textile industry was on agenda including that of ambiguity in GST and problems being faced by the textile units in claiming refunds,” said Desai.

Instead of filing returns and refund system, the GST authority should come out with one-time tax scheme to make the taxation simpler for the thousands of textile units not only in Gujarat but across the country, said Gaurang Bhagat, executive committee member of Gujarat Chamber of Commerce & Industry (GCCI).

Bhagat who is also president of Maskati Cloth Market Mahajan said that instead of subsidies, the government should work on providing electricity at lower rates to textile industry which is the second largest employer after agriculture in the country.

Textile industry also wants easy availability of loans from banks, non-tariff barrier on imported garments, increase in time limit for the textile machinery imported from China under the Export Promotion Capital Goods (EPCG) scheme and increase in capital subsidy. They are also demanding to extend EPCG scheme for textile machinery and inclusion of weaving machinery under Amended Technology Up-gradation Fund Scheme (ATUF). Suggestion for one-nation one-power tariff for the sector was also welcomed during the meeting.

Recently, SGCCI has also made a representation before Gujarat government to reduce stamp duty on mortgage deed at a time of availing loan from banking sector. The Surat-based textile industry has also demanded for Textile Processing Park in the vicinity of the city.



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