Search Result for : Export Markets

The Dollar Business Bureau Mercedes Benz is planning to bring in BS VI emission compliant models into India in 2018. A press release to the media said that the company is also willing to forge partnership with oil firms for higher grade oil needed for these models. The car maker has already sought help from various ministries, including Ministry of Road Transport and Highways, which has asked them to get in touch with the oil and gas firms. "We would be ready as early as 2018. We could bring the first set of vehicles in 2018 into the country," Mercedes-Benz India Managing Director and CEO Roland Folger told PTI when asked about the company’s plans regarding launch of vehicles compliant with Bharat ...

The Dollar Business Bureau The Australian High Commissioner Harinder Sidhu pitched for strengthening economic cooperation with India. Addressing the media after the Confederation of Indian Industries (CII) meeting in Chandigarh on Monday, Harinder stressed that both countries can work together in several sectors such as dairy, scientific research, sports, agriculture and education. India is the ninth largest trading partner and the fifth biggest export market of Australia. The bilateral trade between both the countries has touched Australian $20 billion (roughly around $15 bn) last year. Though these numbers are good, there is still scope for further growth with better economic relations. Mentioning that the bilateral trade between Australia and China is ten times more than its trade with India, she said that the economic relationship ...

The Dollar Business Bureau  Underlining that Afghanistan’s farm production and exports have been on a growth trajectory, Afghanistan on Tuesday invited Indian businesses to invest in the country’s agriculture sector and emphasised that it offers vast opportunities in its manufacturing, marketing, packaging and processing of farm products. "Rebuilding trade relationships and expanding export markets for Afghan products are critical for Afghanistan’s job creation, capital flows and overall stability," said Abdul Qadeer Jawad, Afghanistan’s Deputy Minister for Ministry of Agriculture, Irrigation and Livestock. The Minister pointed out that Afghanistan is committed to producing agri-products in line with WTO norms. The country will become the 164th official member of the WTO on July 29. “Afghanistan is looking for potential investors in the areas of agriculture manufacturing and ...

 The Dollar Business Bureau Exports of Indian passenger cars dipped by 3.71% to 484,602 units as compared to 503,292 units in the same period of last year, mainly because of new and more challenges in the top markets that India regularly exports to Europe, Algeria and their neighbouring countries. Last year, the car exports from India had declined by 1.66% to 542,082 units due to new challenges in the export market from Europe, Sri Lanka and Algeria. The Society of Indian Automobile Manufacturer (SIAM) feels that the decrease in exports of cars from India this year is because of some issues in Algeria. Algeria is ahead of other countries in terms of purchasing more number of Indian cars. But, the country’s ...

For Jagruti, what started as a childhood passion has today become a booming business. Losing money in the garments business during the Gulf war hasn't stopped her from exploring newer export markets. Manisha Choudhari | March 2016 Issue | The Dollar Business Jagruti Mehta Sanghavi, Proprietor, Viraj Enterprises Even as a young teenager, Jagruti Sanghavi was very eager to work, precisely why she participated in her first ever exhibition at the age of fourteen. “I would watch movies featuring Parveen Babi, observe her clothes, and then design them,” she remembers. This childhood passion blossomed again, and today, Jagruti is the proud owner of a custom design clothing enterprise. Talking about how the global slowdown hit her business, she says, “Its impact was felt ...

Source: PTI The petrochemical plant at Haldia is running at 95% capacity consistently   Haldia Petrochemicals has sought four years’ time from the Finance Ministry’s revenue department to meet the required export obligation norms after resuming operations from January this year. “We want to meet the export liabilities and for that HPL had approached the revenue department for a time period of four years for meeting the obligatory norms,” director-in-charge of HPL Subhasindu Chatterjee said. The Directorate of Revenue Intelligence (DRI) had slapped a notice on the HPL seeking payment of around Rs.1,500 crore and penalty for not meeting export obligation norms required for availing of advance licenses for zero duty imports. “We are recovering the export markets, the key one being ...

Source: PTI Asserting that the Indian economy has shown resilience in the face of challenging global trends, President Pranab Mukherjee on Saturday said it has the potential to attain a size of $10 trillion over the next two decades. Inaugurating the 35th India International Trade Fair (IITF) 2015 at Pragati Maidan in New Delhi, he said there was a need to provide impetus to domestic manufacturing, and ‘Make in India’ campaign along with focus on Asia, Africa and Latin America as newer export markets will help sustain the challenges from the external sector. “We are a $2.1 trillion economy and have the potential to be a $10 trillion economy over the next two decades provided we are able to ...