Tuesday, September 4, 2012

Current Affairs - Bilateral - August

India, on 2 August, invited Belgium to invest in the upcoming national manufacturing and investments zones (NMIZs) with a focused approach in energy, water disposal as well as treatment, and research and training. This was conveyed to the visiting Belgian Deputy Prime Minister and Minister of Foreign Affairs, Foreign Trade and European Affairs, Didier Reynders, by Commerce and Industry Minister, Anand Sharma, during his meeting in New Delhi. An official statement issued after the meeting said the visiting Belgian Minister offered expertise in water treatment, waste disposal and energy sector which would be useful in NMIZs .NMIZs will be mega industrial zones with world-class supporting infrastructure.The government is offering incentives such as exemption from capital gains tax and a liberalised labour and environment norms to promote these zones.
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