Thursday, June 5, 2008

India’s marine exports to touch $3.5bn

by Jo Black

India’s seafood exports, which stagnated few years back, are likely to touch over $3.5 billion from current level of $2.2 billion by 2009, provided a key thrust area include value-addition, expansion of aquaculture, technological upgradation and tapping unexplored resources.
In a paper brought out by Associated chambers of commerce & industry of India (ASSOCHAM) on “Market [...]

Collaboration needed for India’s innovation ecology

by Jo Black

Industry must step forward and collaborate more actively with the government and academia to encourage research and innovation, and enable India to leverage its knowledge in today’s globalising economy, Kapil Sibal, Indian Minister for Science and technology and earth Sciences said, leading the discussion at an exclusive ‘National Dialogue on Leveraging Knowledge Arbitrage for India’s [...]

Foreign IT firms recruiting 40,000 in India

by Jo Black

Despite US slowdown and rupee appreciation pulling down revenue growth, Indian IT professionals will remain in demand thanks to global software firms expanding their employee capacity in India, according to The Associated Chambers of Commerce and Industry of India (ASSOCHAM).
In the last three months, foreign IT firms have announced their plans of hiring 40,000 people [...]

Doha talks enter crucial phase

by Jo Black

Doha negotiations are at a crucial phase, according to the WTO Deputy Director General Mr. Harsha V Singh.
Speaking at the Confederation of Indian Industry (CII) session - “Roundtable On WTO Negotiations: Current State Of Play”, he said recent days have seen increased political will among member nations to conclude the Doha talks successfully.
He [...]

Wednesday, June 4, 2008

India asked to open door to law firms

by Jo Black

Speaking at the roundtable on ” Business Competitiveness in a Globalised World “, organized by the Indo-British Partnership on Tuesday, 22 April 2008, Alderman David Lewis, Lord Mayor of the City of London, sought the entry of foreign law firms into India.
The Lord Mayor also made a strong pitch for more elbow room for multinational [...]

15% duty on Indian Iron Ore exports proposed

by Jo Black

Seeking a complete ban on export of iron ore in the long run, Indian Railways Minister, Mr. Lalu Prasad proposed 15% export duty imposition on such exports to help the country protect its domestic steel industry and preserve its highly precious natural resources.
Inaugurating the ASSOCHAM organized Seminar on Public Private Partnership, Mr. Prasad said that [...]

Monday, April 21, 2008

New age of innovation focuses on individual consumer experience

by Jo Black

A lively discussion on a new approach to value creation based on individual consumer experience fulfilled fom resources from multiple vendors provided the backdrop to the global launch of Prof. C.K. Prahalad’s new book, ‘The New Age of Innovation’, co-authored with Prof. M.S. Krishnan, took place in New Delhi on 17 April 2008.
The [...]

Assocham advocates forward looking monetary policy

by Jo Black

In view of global turbulence and shaking of investor’s confidence in the Indian market, the ASSOCHAM has advocated for a forward looking monetary policy that can absorb and withstand implications of global slowdown.
In a note submitted to the RBI Governor, the Chamber President, Mr. Venugopal N. Dhoot has proposed that the RBI should increase [...]

Friday, April 18, 2008

CBEC instructions for timely payment of refund claims to exporters

by Jo Black

Indian federal government has already notified refund of service tax paid on sixteen taxable services, whether or not input services, use of which could be attributable to export goods, based on verifiable methods.
Central Board of Excise and Customs (CBEC) has issued instructions vide F.No.341/15/2007-TRU dated 17th April, 2008 to all field formations of CBEC to [...]

Wednesday, April 16, 2008

India-Egypt agrees to exchange industrial knowhow

by Jo Black

India and Egypt has agreed to explore possibilities of exchanging industrial know-how and formation of joint venture in the following industrial sector: textiles, iron & steel, cement, building materials, automotive and its components, chemicals, petrochemicals & fertilisers, drugs & vaccines, communication & IT, new & renewable energy and organic fuel for industrial use, infrastructure, housing [...]

Tuesday, April 15, 2008

India’s foreign trade policy is growth oriented

by Jo Black

The Annual Supplement 2008-09 to the Foreign Trade Policy (2004-09) released by Mr Kamal Nath, Indian Minister for Commerce and Industry has fulfilled Indian industry expectations, according to a CEO Opinion Poll conducted by the Confederation of Indian industry (CII).
More than 73% of the respondents voted overwhelmingly to record a satisfactory, vision-led policy with [...]

Monday, April 14, 2008

India targets 5% world trade share by 2020

by Jo Black

“Focus product to a Focus Market” , should be the orientation of India’s trade policy, said Mr Kamal Nath, Indian Minister for Commerce and Industry. Indian exporters should look for new markets, markets hitherto unexplored like the countries of East Europe and the CIS countries.
He was speaking in the session- Interactive Session on Foreign [...]

International commitments on cement exports to stay

by Jo Black

The Export of Cement constitute only 3% of the total Indian Production and 90% of the export are from the companies located around the Gujarat coastal area. Most of these companies are very small and are mostly exporting to South Africa and Srilanka.
They are only competitive for exports, as is obvious from their location [...]

Friday, April 11, 2008

Enterprise cooperation between the SMEs in India & UK

by Jo Black

According to Mr Dinesh Rai, Secretary, Ministry of MSME, the Rs 150 billion ($3.9 billion) fund, announced by the Indian Finance Minister, in the Union Budget for skill development, has opened a plethora of opportunities, for SMEs. This, he mentioned can provide for training & developing of manpower for the tourism & hospitality industry (from [...]

India’s port capacities to be 1500 Mt by 2011-12

by Jo Black

Indian federal government has decided to hike cargo handling capacities of major and non-major ports to 1500 million tones by 2011-12 with public-private investment of Rs.1000 billion ($26.3 billion).
Disclosing this at ASSOCHAM-EXIM organized International Conference `CONQUEST 2008’, Secretary Indian Ministry of Shipping, Mr. A.P.V.N. Sarma also unveiled that capacities of major ports would be [...]

India to support Africa’s food security projects

by Jo Black

India has offered its unstinted support to the African nations in their quest for food security, with Mr. Pranab Mukherjee, Union External Affairs Minister, extending India’s total support in agriculture extension, livestock development, fisheries, horticulture and climate change projects.
Addressing the business session of the India-Africa Forum Summit, Mr. Mukherjee said, food security was one of [...]

Thursday, April 10, 2008

Foreign trade policy on Indian exports to release

by Jo Black

The Foreign Trade Policy to be released by the Indian Commerce and Industry Minister, Mr Kamal Nath on Friday should target cost pressures on Indian exports, according to the Confederation of Indian Industry (CII).
This is necessary to give a fillip to sectors that have been hit by the sharp appreciation of the rupee, [...]

Indian exports should be competitive: ASSOCHAM

by Jo Black

Exporters, especially from the Small and Medium Enterprises (SMEs) feel that both the government and exporters need to go on war-footing to make exports more competitive in the wake of rupee appreciation for fiscal 2008-09.
Appreciating the government’s initiatives mainly in helping the export sector to tide over the rupee appreciation, exporters added that without [...]

Wednesday, April 9, 2008

Sectoral analysis suggests twin stragegy to make exports inclusive

by Jo Black

The Confederation of Indian Industry (CII) has suggested a twin strategy of focussing on manufacturing sectors - Textiles, Leather, Gems & Jewellery and Engineering, and a renewed focus on two large markets of Latin America and Caribbean (LAC) and Africa to make the benefits of export growth dispersed across India. This is in line with [...]

Indian government clears 20 FDI proposals

by Jo Black

Indian Finance Minister, Mr. P. Chidambaram has approved 20 Foreign Direct Investment proposals recommended by Foreign Investment Promotion Board (FIPB) in its meeting held on 28th March, 2008.
The approval amounts to Rs. 19.6205 billion ($516.3 million).
The proposals are related to Ministries/Departments, namely Commerce, Heavy Industry, Industrial Policy & Promotion, Information & Broadcasting, [...]

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