Business Daily from THE HINDU group of publications
Friday, Jun 16, 2006


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Industry & Economy - Foreign Trade
Government - Foreign Relations


Kuwait signs three agreements with India

Our Bureau


KUWAIT EMIR Sheikh Sabah al-Ahmad al-Sabah calling on the Prime Minister, Dr Manmohan Singh, at Hyderabad House in the Capital on Thursday. — Ramesh Sharma

New Delhi , June 15

India and Kuwait on Thursday signed three agreements to boost ties after Emir Sheikh Sabah al-Ahmad al-Sabah held talks with the Prime Minister, Dr Manmohan Singh.

The countries inked three key agreements on avoidance of double taxation, co-operation in drugs and narcotics control and boosting cultural ties.

The Sheikh was accorded a ceremonial reception by the President, Mr A.P.J. Abdul Kalam, and Dr Singh earlier in the day.

The Sheikh is accompanied by the Minister of Finance, Foreign Affairs and Oil Minister.

Keen to expand ties

According to the Kuwaiti Chamber of Commerce and Industry (KCCI) First Vice-Chairman, Mr Hilal Meshari Al-Mutairi, Kuwait is interested in enhancing bilateral trade with India.

Speaking at a seminar in FICCI, Mr Mutairi, who is leading a high-powered delegation of Kuwaiti businessmen to India, said the bilateral trade between India and Kuwait had grown from $341 million in 1995 to $628 million in 2005 and there was further scope for growth.

The Essar Group Director (Oil and Gas), Mr S. Mathur, said the bilateral ties are being steadily expanded and can further be strengthened by continuous interactions and cooperation, including regular exchange of delegations. "FICCI and KCCI can provide more focused forums for concentrating on sectors including oil and gas, energy, construction (real estate, IT parks, SEZs), steel, fertilisers, food processing, tourism, training and education, healthcare for mutual benefit," he said.

During his visit, the Sheikh will also meet UPA Chairperson Ms Sonia Gandhi, the Defence Minister, Mr Pranab Mukherjee, and Mr L.K. Advani.

More Stories on : Foreign Trade | Foreign Relations

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Monsoon revival slightly advanced as pulse builds


Cell majors working on NRI fund transfers via SMS
Muttemwar to visit Germany
Govt cuts tariff values for vegoils
Kuwait signs three agreements with India
Houston keen to expand trade ties
Vijaya Bank ties up with National Insurance
Leadership awards to heart surgeon, educationist
Uppal-Kamath may bag deal for Rly budget hotels
Rlys sends freight corridor proposal to Cabinet
`Right fuel pricing is the only way to efficiency'
Kuwait expects crude to stabilise at $65-70
Info on computing petrol, diesel basic price sought
UP Govt rules out cut in sales tax on petrol, diesel
SSI Ministry refunds to small units for ISO cert rise
States' views sought on liquor import duty
A new institute for aspiring designers
i-flex to support Karnataka educational initiative
Mango processors in a soup over high prices
ESIC to increase wage ceiling for coverage
`Real estate: New route for investments'
New FAPCCI President
Japanese industrial cluster in India soon
AP Govt to provide over Rs 10,000 cr for SHGs
TDS: Due date for e-filing extended
Karnataka Bank chief calls for prompt tax payment
Edible oil imports decline 21%


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line