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Rana sets textile
export target at $16 billion
New Delhi: The textiles ministry has fixed the
export target for 2003-04 at $16 billion, up by $1 billion
from the last year's $15 billion target. Announcing this
here on Friday, textiles minister Kashiram Rana he told
reporters that exports during 2002-03 were valued at $13.8
billion, marginally falling short of the target of $15
billion. The achievement was, however, close to the $14
billion target fixed by the commerce ministry, he added.
During 2001-02, exports amounted to $10.7 billion.
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Don't let
legal loopholes derail power bill
New Delhi: The
government has been urged to ensure that the Electricity
Bill, 2003, was not derailed on account of gaps in legislation.
Intervening in the debate on the Bill in Rajya Sabha on
Friday, Congress member Ashwani Kumar said it was necessary
to make the Bill "an effective and credible framework
for future reform in the electricity sector". Kumar
cautioned the govt against ignoring the sanctity of contracts
already entered into, lest the reform process was derailed
in the states. In a federal polity, the sensitivities
of states and their initiatives ought to be respe-cted.
Competition and efficiency in the electricity sector was
a national imperative, he added. The country still needed
to add 1.4 lakh mw to its installed capacity, requiring
about Rs 8 lakh crore, an amount that could not be expected
to come from public resources.
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Tunisia
seeks JVs in oil, gas exploration
New Delhi: India and Tunisia have hammered out
a multi-level exchange programme starting this month.
"Tunisia is looking for partnerships and joint ventures
in oil and gas drilling," Tunisian industry and energy
minister Moncef Ben Abdallah said.The exchange programme
will involve trade missions and technology transfer exercises.
"There are possibilities of good partnerships with
the small and medium enterprises which would give them
the potential to grow, especially in the leather sector,"
he said.
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