North Gazette News/New Delhi
Indian government on Friday announced to provide visa on arrival facility for business visitors through eighteen airports.
Union Commerce and Industry minister Nirmala Sitharaman while addressing Eighth Session of the India-Russia Forum on Trade and Investment
Sitharaman stressed on Indian government’s commitment to remove red tape and provide single window clearance for the investors.
Earlier, the government used to provide Visa on Arrival facility to tourists. The new Visa on Arrival facility would be provided to those wanted to visit India for business purposes.
She said that India and Russia need to further strengthen the economic relation which is presently below potential.
Sitharaman pointed out towards positive investment climate in India and also the huge investment opportunities in infrastructure, manufacturing, metallurgy, pharmaceuticals and other sectors.
She expressed the hope that the recent liberalization in FDI regime in India, including those in defence and Railway sector will create new opportunities for joint ventures by Indian and Russian countries in these areas.
In a renewed thrust to joint manufacturing in hi-tech areas, India and Russia have developed a framework for tracking key priority projects at the Secretary level. The sectors covered under this Joint Working Group on Priority Investment Projects include automobile, industrial and road-building machinery, Chemical & Petrochemical Industry, Civil aircraft construction, fertilizers, pharmaceuticals, energy, IT, and automobiles.