ANAND SHARMA TAKES OVER AS COMMERCE & INDUSTRY MINISTER
Date : 29 May 2009
Location : New Delhi
Shri Anand Sharma took over as the Union Minister of Commerce and Industry here today. On assuming charge of the portfolio, Shri Anand Sharma interacted with the Commerce Secretary, Shri G.K. Pillai; Secretary, Department of Industrial Policy and Promotion (DIPP), Shri Ajai Shankar; about the present foreign trade and industrial scenario, including issues relating to the World Trade Organisation (WTO).
During his interactions with the media persons, the Minister informed that the Foreign Trade Policy will be announced during August 2009. He further stated that the huge flows from FIIs, especially during the last three months shows the world’s confidence in India and the huge potential which exists here for development. Expressing satisfaction over the Foreign Direct Investment inflows of about US $ 27 billion during 2008-09, the Minister hoped that the momentum will continue.
Stressing on the need to re-energize the Inter-State Trade Council, the Minister informed that States would be involved in creating an investor-friendly climate in the country.