Preventive trade policies restrict export of key agri commodities: study
The Dollar Business Bureau The trade policy of India on agriculture has a pro-customer prejudice which indirectly taxes farmers by putting export curbs on different crops, according to a study. The domestic prices of major agricultural items were below that of export prices in most of the years during the period 2004-2014, a joint study by The World Bank and Indian Council for Research on International Economic Relations (ICRIER) on Tuesday revealed. Policy makers have used preventive trade policies to maintain the domestic prices low in most of the years, the study found after an analysis of domestic prices deviation from global prices. The study on ‘Price Distortions in Indian Agriculture’, analysed global and domestic prices of 15 agri commodities for a 10-year period between ...
German companies inclined to invest in Indian high-tech market: Study
The Dollar Business Bureau Industry body FICCI jointly with the Embassy of India in Berlin and the support of German Embassy in New Delhi organised a panel discussion on ‘Unleashing opportunities: Indo-German High Technology Manufacturing in the capital today. The discussion, held in the backdrop of a study by the Embassy of India in Berlin in partnership with EY, spoke about the need for Indo-German collaboration in high-tech manufacturing. The study, titled ‘Prospects for Indo-German collaboration in High-Technology Manufacturing’, identified high-technology sectors most suitable for Indo-German collaborations. The objective mainly is to develop investor-related sector information which can result in a platform facilitating trade and investments in these particular sectors. Anchored to the ‘Make in India’ initiative and other ...
India registers highest growth in export of tractors after China
The Dollar Business Bureau Clocking a compounded annual growth rate (CAGR) of over 26% during 2003-13, India had showed the third highest growth in exports of tractors after Poland at 31% and China at 30.5%. The domestic tractor industry growing at a CAGR of over 20% is likely to cross 8 lakh units by the end of this fiscal. “Demand for tractors is heavily dependent on agriculture production and level of monsoon received. Thus with forecast of normal monsoon this year, production, demand and sale of tractors might improve in the later half of this year,” D S Rawat, national secretary general of ASSOCHAM (Associated Chambers of India) said. As per a recent study by industry body ASSOCHAM, Karnataka has been ranked on ...
Leather exports touch $6 bn in FY2013-14: Industry report
The Dollar Business Bureau Pegged at an overall market size worth about Rs 25,000 crore, India’s leather industry offers direct and indirect employment to almost 20 lakh people. And with an annual turnover worth over $10 bn, leather exports have increased manifold over the past decades thereby touching about $6 bn in 2013-14. However, a study by industry body Assocham titled ‘Leather and leather products sector in India: Strategy to facilitate export’ says, that factors such as financial constraints, high interest rates, lack of infrastructure facilities are some key challenges contributing in making the leather industries in India uncompetitive and impacting its growth. And then there are other reasons that play up in a big way too. The persisting ...
