New Delhi: The director general of the World Trade Organization (WTO), Pascal Lamy, is visiting India this week and will hold discussions with the government and industry to find ways for picking up the threads from last month’s failed trade talks in Geneva.
The WTO chief would be in India on 12-13 August and is expected to meet commerce and industry minister Kamal Nath as well as representatives of the Indian industry.
Lamy’s India visit is likely to be followed by one to the US where he would meet trade officials and try to bring them on board for maintaining the momentum to conclude the Doha Round of trade talks.
Lamy’s visit comes days after the WTO mini-ministerial meeting in Geneva collapsed over the issue of safeguard for farmers from developing countries against import surges. The stand-off in the Geneva meeting was mainly between the US on the one side and India and China on the other.
India had later said, besides China, more than 100 developing and least developed countries are backing the cause of poor farmers.
While in India, Lamy would be participating in a two-day international conference on ‘Global Partnership for Development’, being jointly organized by think tank CUTS International and the Federation of the Indian Chambers of Commerce and Industry, an industry body.
This event is the first major global gathering after the collapse of the trade talks, CUTS International secretary general Pradeep Mehta said.
NecLife looks to build global pharma campus
Hyderabad: Chandigarh-based pharmaceutical company, Nectar Lifesciences Ltd(NecLife), is keen on setting up a global scale pharma facility in Andhra Pradesh, a government official said. The company is into the production of active pharmaceutical ingredients, intermediates, finished dosage forms, phytochemicals and gelatin capsules. It is one of the largest manufacturers of cephalosporin range of antibiotic products in the country. It has 10 manufacturing units across Punjab, Himachal Pradesh and Jammu and has a customer base in 45 countries.
“NecLife has approached us with the proposal to set up a global scale facility in the state and has sought our assistance in identifying and getting around 500 acres of land on outright purchase basis,” said Sam Bob, principal secretary (industries), Andhra Pradesh. Staff Writer