Financial bids for Pawan Hans to be submitted by March 6

Separately, the transaction advisor has worked out a reserve price for Pawan Hans which will be submitted to the Ministry of Civil Aviation.

India, Italy discuss ways to promote trade, investments

India and Italy on Tuesday discussed ways to increase cooperation in areas such as machinery, infrastructure, engineering, and agriculture.

Jakarta asked for a 5 percentage point cut in India’s import tax to match the tariff of 45 pc New Delhi charges on products from Malaysia.

USD 50 billion target set for bilateral trade between India and Russia over the next seven years: CR Chaudhary.

Ways to increase trade and investments were discussed during a meeting between Prabhu and the Saudi delegation led by Kamel Al-Munajjed.

Prabhu said an efficient and cost-effective logistics framework would provide huge business opportunities.

During the visit, he also met Kenya's Foreign Affairs Chief Administrative Secretary Ababu Namwamba.

Exports grew 20.18 per cent to USD 28.86 billion in May - the highest in six months.

Trade deficit widened to USD 14.62 billion from USD 13.84 billion in May 2017.

India's GDP grew at the fastest pace in seven quarters at 7.7 per cent in the January-March quarter of last fiscal.