Aurobindo Pharma to expand its US portfolio; eyeing new markets in Europe
The Dollar Business Bureau A leading Indian pharmaceuticals company Aurobindo Pharma has said that it would widen its product portfolio in the American market while planning to enter new markets in the Europe, a part of the company’s growth strategy in the coming 3-4 years. In the US market, Aurobindo Pharma plans to widen its portfolio through faster growth in OTC, injectable and higher complexity products, the company said in a presentation to investors. However, in European market, the company plans to enhance its presence in new geographies like Czech Republic and Poland, in addition to strengthening its position in the existing markets of Germany, France, Spain, Netherlands and the UK. Aurobindo Pharma is the 6th largest generic company by volume in the US, ...
Indian Customs rescinds soda ash anti-dumping duty on 9 countries
The Dollar Business Bureau The CBEC in its recent notification no’s 55 and 56 issued on Dec 21 has rescinded the anti-dumping duty imposed on imports of soda ash from 9 countries. This step has been taken though the final findings of the investigation were challenged in the High Court of Gujarat and the court is yet to give its final verdict. Soda ash is generally used in commercial, domestic and laboratory uses or more simply used in the production of various types of glass (flat glass, container special packaging glass, fibreglass for insulation and other glass products) alkali products, detergents and soaps. India imports soda ash from China (P.R), EU, Kenya, Pakistan, Iran, Ukraine, U.S.A, Turkey and Russia. In its notification the CBEC ...
Reliance Defence inks pact with 3 Ukrainian firms
Source: PTI Reliance Defence has signed strategic partnership agreement with three Ukrainian state- owned companies which will allow them to collaborate on a range of military products including transport aircraft, upgrade of armoured vehicles, maritime gas turbines and unmanned aerial vehicles. The development follows a meeting between Reliance Group Chairman Anil Ambani and Ukrainian President Petro Poroshenko in Ukraine this week. During the hour long meeting, the two leaders discussed issues of strategic interest between the Indian and Ukrainian defence and aerospace industry. "As a follow up of the meeting, a Strategic Partnership Agreement was signed between State Owned Ukroboronprom of Ukraine and Reliance Defence, which will allow it to collaborate with Antonov for its range of military and ...
Global oils & fats event held first time in India
Sharath Chowdary | The Dollar Business A UK based magazine Oil & Fats International (OFI) ) organised an international event OFI India 2016 for the first time in India at Hyderabad. The event runs for two days, 13th and 14th April at Hyderabad International Convention Centre, Hyderabad. Addressing the media on the occasion, Mark Winthrop-Wallace, Sales Manager, Quartz Business Media said, “OFI 2016 is a wonderful opportunity for those involved in the edible oils and fats sector to learn, debate, network and to gather in an international environment to do business.” “OFI exhibition and conference is a biennial event that takes place globally at various potential cities for edible oils and fats sector. Last time it was organised on 13-14 May 2014 at ...
Corn import tender cancelled; government expects high yield this year
The Dollar Business Bureau India has cancelled the tender of importing 24,000 tons of corn hoping for a domestically grown bumper crop this year and also relenting to the pressure of not bringing in non-genetically remolded crop into the country. The tender was submitted by global traders like Concordia, Agrocorp, Starcom, Noble and Dawood international on February 12, to enhance the supply of corn in the price range of $194.62 and $221.50 per ton. In the previous tender, New Delhi had secured supplies of 2,50,000 tons of Ukrainian corn. However, the cancellation of this tender has put plans of importing of corn on the backburner. In the previous year, due to drought the government had demanded the state- run Pec Ltd to import half ...
Growth of 1024.4% in e-Tourist Visas during January-May 2015
Source: PIB, Government of India The Minister of State for Culture (Independent Charge), Tourism (Independent Charge) and Civil Aviation, Dr. Mahesh Sharma chairing the Joint Commission Meeting for East Asia and the Pacific & the UNWTO Commission for South Asia, in Maldives on June 04, 2015. (Photo source: CNR :68897 Photo ID :66221; PIB, Government of India) The Government of India launched Tourist Visa on Arrival (TVoA) enabled by Electronic Travel Authorization (ETA), presently known as e-Tourist Visa scheme, on 27th November 2014 for 43 countries. The Government extended this Scheme to the citizens of Guyana and Sri Lanka in January, 2015 and April, 2015, respectively. The e-Tourist Visa facility is extended to the nationals of 31 countries in May, ...
EU awaits Indias trade policy announcement
The Dollar Business Bureau The European Union Ambassador J Cravinho in a media interaction on Thursday termed 2015 as a interesting and exciting year for the European Union and India in terms of trade. According to the sources, the EU envoy expressed hope that the issues pertaining to bilateral investment and Free Trade Agreement between the EU and India would be resolved and finalized in 2015. The EU envoy further said that the EU is eagerly waiting for the India’s Trade Foreign policy announcement. Stressing on the relation between the two countries, the envoy said that India holds a stronger relation with the EU in the case of economic growth, jobs, Digital India and urban development. He expressed hope that ...
