New Delhi, Feb 14: Union Trade Minister Kamal Nath has said that India''s exports, which have been hit hard by the slowdown in global markets, will grow 12-15 percent in the current fiscal year.

Talking to reporters here on Friday, Kamal Nath said, "When we close this year on March 31, we will not have a negative growth, we''ll have a positive growth. And I expect that we will see growth of 12-15 percent in export despite the downturn."

The ongoing global financial crisis, becoming grimmer day by day, can adversely hit India's foreign direct investment target of USD 35 billion for the FY09. Lowering the earlier estimates, Commerce and Industry Minister Kamal Nath said on Thursday that India can mange to get FDI worth USD 30 billion foreign investment under uncertain conditions of financial world.

Mr. Nath said that government would not change 49 percent cap for foreign direct investment in single-brand retail.

New Delhi, Feb 12 : Union Minister of Commerce and Industry Kamal Nath today said that there is a need to take affirmative action to ensure that women of India are encouraged to come to the fore in greater numbers in all walks of life including to the highest levels in the Public Sector Undertakings.

Speaking at the National Meet of the Forum of Women in Public Sector (WIPS): "Evolving the Blue Print of Change", here, Nath said that the core of women empowerment lies in societal change.

"We need to speed up societal change whereby boys and girls are given equal opportunity to go to school, not only in the urban centres but also in the vast rural population of our country," he added.

New Delhi, Feb 12 : Union Minister of Commerce and Industry Kamal Nath today said that from a national perspective, India will remain one of the fastest growing economies in the world over 2008-09 to 2010-11.

Addressing at the Hero Mindmine Summit, here, on the theme of "Challenges of troubled times: Opportunities and Threats", he further added that along with the BRIC and GCC economies, India will contribute about 35 to 37 per cent of incremental global GDP growth through the calendar years 2008 to 2012.

New Delhi, Feb 12: Union Minister of Commerce and Industry Kamal Nath will inaugurate the 14th India Carpet Expo here today.

Shankersinh Vaghela, Union Minister for Textiles; G. K. Pillai, Commerce Secretary and Rita Menon, Textiles Secretary will also attend the function.

The four-day expo is being organised by the Carpet Export Promotion Council.

The expo is world acclaimed established fair on handmade carpets and other floor coverings in South East Asia, envisaging unique business oriented platform to the importers and exporters.

New Delhi, Feb 11 : Union Minister of Commerce and Industry Kamal Nath will inaugurate the 14th India Carpet Expo here tomorrow.

Shankersinh Vaghela, Union Minister for Textiles; G. K. Pillai, Commerce Secretary and Rita Menon, Textiles Secretary will also attend the function.

The four-day expo is being organised by the Carpet Export Promotion Council.

The expo is world acclaimed established fair on handmade carpets and other floor coverings in South East Asia, envisaging unique business oriented platform to the importers and exporters.