Free trade agreements (FTAs) with the developed world an important agenda of Modi government: Shri Goyal

Aug 18, 2022 | Business


Union Minister of Textiles, Commerce & Industry, Consumer Affairs and Food & Public Distribution, Shri Piyush Goyal said that Textile Industry has a big role to play in making Free Trade Agreements a success. Delivering the Keynote address at the 10th Asian Textiles Conference TEXCON  on the theme- ‘Reimagining the Textile and Apparel Industry for the next Decade’, he said that FTAs with Developed Countries is high on the agenda of Modi Government.


Shri Goyal said that  innovation is going to be the defining feature in India’s march towards becoming a Developed Nation. He highlighted the role of innovation across all value chains in the Textile sector and also urged the Textile sector to focus on recycling and digitization. He said if the industry focuses on innovation, sustainability, digitisation, newer products and utilisation of Free Trade Agreements (FTAs), it can grow fast and compete with the best in the world.


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Speaking on sustainability, Shri Goyal said that textiles sector can reduce the pressure on the environment by using reusable resources as well as reduce its own production costs.


Shri Piyush Goyal said that digitisation is another area which can help optimise the entire value chain in the sector. He expressed satisfaction at the fact that the industry captains are talking about digitisation. In current era of information technology, every industry is benefitting from new technologies like blockchain and more. He suggested that the industry should think about high quality products and elementary products like zip and embellishments, which the Indian textile industry imports at present.


 The Minister  said that the industry is now benefitting greatly from the vision of Prime Minister Narendra Modi. Shri Goyal said that as we complete 75 years of independence, we can take pride in achievements of Textiles sector over 75 years.


Referring to PM’s independence speech where he referred to  Panch Pran of  Goal of Developed India; Remove Colonial Mindset,   Take Pride in Roots;  Unity and Sense of Duty, the Minister said, “Every citizen has a role to play with collective energy and collective  commitment and  the  resolve of 1.3 billion people will help us achieve the five commiments articulated by the Prime Minister.


Complementing Confederation of Indian Textile Industry, CITI, for bringing together all stakeholders of the Textiles value chain on one platform , the Minister said that the theme, ‘Reimagining the Textile and Apparel Industry for the Next Decade’ is very appropriate, specially with Indian textile exports aiming to reach the target of $100 billion by 2030. He appreciated the forward looking approach of the 10th edition of the Asian Textile Conference.


CITI and Egyptian Cotton also signed a Memorandum of Understanding (MOU) in the presence of the Minister, Shri Piyush Goyal. Both the industry bodies will work together for mutual benefits.


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Minister of State for Textiles, Smt. Darshana Vikram Jardosh in her address, urged the captains of the Indian textile and apparel industry to prepare themselves  to face the challenges of structural shift in the global textile market.


In his address, Secretary, Ministry of Textiles, Shri Upendra Prasad Singh, said that every industry and sector in India must play a role in achieving the target of becoming a developed nation in the next 25 years as per the vision of the Prime Minister. He said that the Indian textile industry has the strength to expand in the global market as it has a complete value chain. The government is working proactively to address the current problems of the industry, he added.


T. Rajkumar, chairman of the Confederation of Indian Textile Industry (CITI) in his welcome address said that the global textile industry is witnessing a reshuffle of the entire supply chain including the countries from which apparel is sourced. Terms like ‘China Plus One’, re-shoring, onshoring, etc are being commonly heard in interactions across the textile value chain. He said that the value of global textile and apparel exports stood at $828 billion in 2021, registering a growth of 8 per cent over $770 billion in the previous year.


The share of textile, apparel and handicrafts in India’s total exports was 10.62 per cent in 2021-22. In addition to being the largest producer of cotton and jute, India is the second largest producer of silk. The technical textiles segment too has an estimated 9-11 per cent share in the global market.


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BYD Signs COP26 Agreements to Accelerate EV Adoption

Nov 14, 2021 | Business

 BYD, the world leader in electric vehicle technology and manufacturing, joined government, business, and environmental leaders in signing three agreements at the Glasgow COP26 Climate Change conference to accelerate the adoption of zero-emission vehicles and supporting infrastructure.

Combined, the three agreements call for global cooperation in speeding up adoption of zero emission cars, vans, medium-duty and heavy-duty trucks, and creating charging infrastructure. BYD and the other signatories pledge to align public policy and funding as well as private business strategy, production, and investment toward achieving ambitious zero-emission vehicle adoption goals.

Isbrand Ho, Managing Director of BYD B.V., offered his expertise at panel discussions on zero emission transportation infrastructure entitled “Nothing Moves Without It” at the COP26 conference.

In signing the first agreement, drafted by representatives of the United Kingdom, BYD will join the push for global sales of new cars and vans being zero emission by 2040, and by no later than 2035 in leading markets. The agreement calls for governments at all levels to make policies and investments to support EV sales. The agreement also calls for private businesses, such as BYD, to align their business strategies to reach this ambitious goal.

BYD also signed an agreement endorsing a global Memorandum of Understanding calling for countries to have 30% of its new medium-duty and heavy-duty vehicles to be zero emission by 2030 and be 100% by 2040. BYD is joining government, businesses, and environmental organizations to make the transition to zero emission vehicles easier and more cost effective by removing strategic, political, and technical barriers, and accelerating EV adoption and deployment.This agreement was drafted by the Netherlands and CALSTART, a nonprofit seeking to build a high-tech clean-transportation industry.

The third document signed by BYD calls for accelerating the creation of a comprehensive network of electric vehicle charging infrastructure. The document offers a set of recommendations to reach this goal, including developing e-mobility roadmaps, prioritizing investments in electricity network infrastructure, encouraging private investment, removing financial barriers to the installation of charging infrastructure, and developing charging networks that are open, user-friendly, and scalable.

BYD ADL pure-electric buses are playing a prominent role at COP26, the 26th United Nations Climate Change Conference in Glasgow.

A fleet of ten BYD ADL Enviro400EV double deck buses have provided zero-emissions VIP transportation for world leaders, including UK Prime Minister Boris Johnson and UN Secretary-General António Guterres. The double deck eBuses, built in Scotland as part of the BYD ADL partnership were operated by Stagecoach, the UK’s largest public transport operator.

Additionally, BYD ADL eBuses are in operation by First Bus as part of the all-important shuttle service for delegates attending the Conference. A fleet of 22 Enviro200EV zero-emission buses, all built in Scotland, are being used for this purpose.

About BYD

The Official Sponsor of Mother Nature™, BYD, which stands for Build Your Dreams, is the world’s leading electric vehicle company with proven innovative technology for cars, buses, trucks, forklifts, and rail systems – like SkyRail. BYD is dedicated to creating a truly zero-emission ecosystem offering technology for solar electricity generation, energy storage to save that electricity, and battery-electric vehicles powered by that clean energy. Globally, BYD is committed to corporate social responsibility, monitoring our supply chain in terms of human rights, environmental safety, hazardous substance control and intellectual property rights. We select only suppliers who share our commitment to labor practices, human rights standards and the environment.

BYD has 230,000 employees across the globe, including nearly 1,000 in North America. For more information, please visit www.BYD.com or follow BYD on LinkedIn, Twitter, Facebook and YouTube.

Contact: Jim Skeen/media relations specialist at jim.skeen@byd.com/661-436-0513.

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Kelsey Cone

661-436-0513

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List of MoUs/Agreements exchanged during the visit of Prime Minister of Kingdom of Denmark

Oct 9, 2021 | Business

Sl.No. Name of the MoU/Agreement Exchanged from Indian side by Exchanged from Danish side by

1

MoU between Council of Scientific & Industrial Research- National Geophysical Research Institute, Hyderabad, Aarhus University, Denmark and Geological Survey of Denmark and Greenland on mapping of ground water resources and aquifers.

Dr. V.M. Tiwari


Director


CSIR-National Geophysical Research Institute


Uppal Road,


Hyderabad (Telangana)

Amb. Freddy Svane

2

Traditional Knowledge Digital Library Access Agreement between Council of Scientific & Industrial Research and Danish Patent and Trademark Office.

Dr. Viswajanani J Sattigeri


Head, CSIR-Traditional Knowledge Digital Library Unit


14, Satsang Vihar Marg, New Delhi

Amb. Freddy Svane

3



MoU between Indian Institute of Science, Bengaluru and Danfoss Industries Private Limited to establish a Centre of Excellence towards natural refrigerants for tropical climates with potential applications.

Prof. Govindan Rangarajan


Director


Indian Institute of Science


Bengaluru

Mr. Ravichandran Purushothaman,

President, Danfoss India

4

Joint Letter of Intent between Ministry of Skill Development & Entrepreneurship, Government of the Republic of India and The Government of the Kingdom of Denmark

Shri Rajesh Aggarwal


Secretary,


Ministry of Skill Development & Entrepreneurship

Amb. Freddy Svane
     



Apart from the above, the following commercial agreements have also been announced: –


 

A.

MoU between Reliance Industries Limited and Stiesdal Fuel Technologies on the development of the Hydrogen Electrolyzer and the subsequent manufacturing and deployment of the Hydrogen Electrolyzer in India.

B.

MoU between Infosys Technologies and Aarhus University to establish a‘Center of Excellence for Sustainability Solutions’ based in Denmark.

C.

MoU between the ‘Observer Research Foundation’ and ‘State of Green’ on strategic cooperation to promote knowledge-sharing on solutions and facilitate research on the green transition of the economy.

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Hong Kong – Hong Kong and Russia sign agreements on mutual legal assistance in criminal matters and transfer of sentenced persons (with photos)

Sep 22, 2021 | International

Hong Kong and Russia sign agreements on mutual legal assistance in criminal matters and transfer of sentenced persons (with photos)

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     The Secretary for Security, Mr Tang Ping-keung, and the Minister of Justice of the Russian Federation, Mr Konstantin Chuychenko, signed  bilateral agreements on mutual legal assistance in criminal matters (MLA) and on transfer of sentenced persons (TSP) through video conference today (September 21) on behalf of the Government of the Hong Kong Special Administrative Region (HKSAR) and the Government of the Russian Federation (Russia) respectively.

     “Both Hong Kong and Russia are committed players in the international efforts to fight crimes. The signing of the agreements on MLA and TSP today represents an important step forward in legal co-operation between Hong Kong and Russia,” Mr Tang said at the signing ceremony.

     Under the Basic Law, the Government of the HKSAR may, with the authorisation of the Central People’s Government, make appropriate arrangements with foreign states for reciprocal juridical assistance.

     The MLA agreement between the Government of the HKSAR and the Government of Russia contains the essential features and safeguards of international agreements of this type. Assistance covered by the agreement includes identifying and locating persons, serving documents, taking evidence, executing requests for search and seizure, providing information, and confiscating proceeds of crime. 

     The TSP agreement embodies the shared conviction of Hong Kong and Russia that allowing sentenced persons to return to their places of origin, where there are no language or cultural barriers and where friends and relatives can pay more regular visits, is conducive to their rehabilitation. Hong Kong’s policy is therefore to facilitate such transfers between Hong Kong and other jurisdictions as far as possible.

     A list of the major bilateral international agreements (including MLA and TSP agreements) of the HKSAR which have come into force can be found at www.doj.gov.hk/en/external/international_agreements.html.