After imposing ban on rice exports, now Indian government has banned exports of primary steel and cement.
At the final installment of the five-year trade policy announced, Commerce Minister Kamal Nath has said that primary steel exports and cement exports will be banned. Interest subvention will be extended by one year to 2009. The sunset clause on EOUs has been extended to 2010.
Reliance Industries Chairman Mukesh Ambani is going to steer the India- Russia CEO’s Council , which was established to strengthen bilateral business cooperation in the areas of oil, energy, power, transport, telecom and high technology.
10 CEOs each from India and Russia will be on the Council, will work towards converting about billion dollars worth projects under discussion and explore new areas for trade and investment.