Business
The Dollar Business
Our Partnership With India Is Vibrant & Growing
The US-India relationship has been called as one of the most defining partnerships of the 21st century by none other than US President Barack Obama. In an interaction with The Dollar Business, Richard R. Verma, US Ambassador to India, talks about the ties between the two democracies and the way forward for bilateral trade and investments.
10 min |
September 2016
The Dollar Business
Enhance Support Under Meis To 5%
Council for Leather Exports (CLE) is the apex trade promotion organisation of the Indian leather industry. Of late, this industry body has taken up several initiatives to bolster exports of leather products from the country. The Dollar Business caught up with M. Rafeeque Ahmed, Chairman, CLE, to understand what the Council is doing to give up a leg up to the industry in overseas markets.
5 min |
September 2016
The Dollar Business
We Helped Namibia Conduct Its 2015 General Elections
The Indian government’s recent decision to relax FDI norms in defence has brought in a wave of dynamism into the sector. The Dollar Business caught up with Kiran V., General Manager – International Marketing, Bharat Electronics Ltd., one of the few defence exporters from India, to learn what the policy change means for the sector.
5 min |
September 2016
The Dollar Business
Rcep Can Boost Business Across a Large Region
New Zealand and India have a lot in common – from their love for cricket to their Commonwealth heritage and much more. Despite this the bilateral trade between the two countries is yet to live up to its potential. In an exclusive interaction with The Dollar Business, Grahame Morton, High Commissioner of New Zealand to India, talks about various ways to improve social, political and trade ties between the two nations.
10+ min |
October 2016
The Dollar Business
MEIS: When Change Is the Only Constant
The Merchandise Export from India Scheme (MEIS), which was introduced in FTP 2015-2020, has undergone several changes. Recently again, while 2,901 tarifflines were added to the MEIS schedule, reward rates across 575 tarifflines were altered. While just the word ‘added’ may sound good to some exporters, for the most, frequent changes and ambiguities in notifications are confusing many.
6 min |
October 2016
The Dollar Business
New-gen Newsmakers
The Dollar Business Celebrates the Success of Rising Stars of Indian Foreign Trade for Them the Sky Is No Limit, It’s Just a Direction!
10+ min |
December 2016
The Dollar Business
We Will Be Exporting to 30 Markets From India by End of 2016
Daimler AG has been active in the commercial vehicle business in India since the 1950s. However, it only started manufacturing in the country in 2012 through its subsidiary Daimler India Commercial Vehicles (DICV). And since then there has been no looking back. The Dollar Business caught up with Erich Nesselhauf, MD & CEO, DICV, to know the secret to DICV's success.
4 min |
December 2016
The Dollar Business
What's In Store For Global Trade In 2017?
The year gone by was eventful, both for the world and India. While the much-awaited Goods and Services Tax (GST) was passed by the Indian Parliament, United Kingdom voted to exit the European Union. While Donald Trump took the world by surprise, Indian Prime Minister Narendra Modi's sudden announcement of demonetisation left the whole country in a financial shock. The global commodity market too woke up from a slumber, though there is more recovery that can be made. While these and many other such events shook the world in 2016, their impact on global trade and policy environments will only likely be seen in 2017. Will 2017 be a year of change for the better? The Dollar Business takes a look at key elements and occurrences that could change world trade in 2017.
10 min |
January 2017
The Dollar Business
Demonetisation & Its (Side) Effects
While a large segment of the Indian population supports the post-Diwali demonetisation drive, that its impact on India's economy will be negative in the short term is a given. The Dollar Business analyses how the move could well prove a headwind for India's manufacturing, foreign trade and economic growth.
10 min |
January 2017
The Dollar Business
Will Trade Triumph Over Trump?
With the Electoral College in US voting in favour of Donald Trump, questions of who will be the most powerful man in the world after Obama have been put to rest. What would a President Trump, who won on an isolationist platform, mean for the future of world trade? Will a US withdrawal from TPP signal the beginning of the end for the mega trade pact? Will China eventually benefit? The Dollar Business finds out.
7 min |
January 2017
The Dollar Business
Can India's Outsourcing Industry Survive The Trump Attack?
Uncertainty has descended upon the $150-billion Indian outsourcing industry in anticipation of the protectionist regime under President Trump. Protectionism has been a popular election rhetoric across nations, and more so in recent times. And the voting masses seem to like it. Will Trump’s campaign cry for protectionism cross the boundaries of poetic drama and come alive as laws? There is no doubt that US being the largest consumer nation in the world, governments across the globe will keep a close watch on Trump’s policies. India will be no exception. The hot-button topic for India – ‘outsourcing’, has surfaced again and the impact of Trump’s announcements, be it restrictions on H-1B visas or penal taxes on US companies for outsourcing jobs, is being felt already in India. And this, coming during times when India's outsourcing industry has been experiencing a rough patch isn't an encouraging development. How hard will an avalanche of protectionist measures from the Trump regime hit India's outsourcing industry?
10+ min |
February 2017
The Dollar Business
Our Sourcing From India Will Double In The Next Few Years
It's a known fact that the Indian government is working hard to increase defence and aerospace procurement from indigenous sources – from the current 40% to 70%, in the next 10 years. The Dollar Business recently caught up with Pratyush Kumar, President, Boeing India, to understand how manufacturers in India can leverage growth opportunities and what makes India a preferred sourcing destination for the American aircraft-maker.
4 min |
February 2017
The Dollar Business
MSMEs Can Drive India's Growth
Ever since he was tasked with revamping India’s MSMEs and bringing them at par with their global counterparts, Kalraj Mishra, Union Minister for Micro, Small and Medium Enterprises (MSMEs) has introduced many dynamic schemes. In an interaction with The Dollar Business, Mishra shares his plans for enhancing the sustainability and competitiveness of a sector that was largely ignored for long.
6 min |
February 2017
The Dollar Business
Telecom Exports Can Be The Next Big Growth Area
Telecommunications is one of the fastest growing sectors across the globe. Telecom Equipment and Services Promotion Council (TEPC) has been actively working to promote India’s exports from this sector. In an exclusive interaction with The Dollar Business, Rakesh Kumar Bhatnagar, Director General, TEPC, talks about the issues plaguing the sector and the outlook for the future.
5 min |
February 2017
The Dollar Business
India Can Become A Hub For Defence Manufacturing
Samtel Avionics is one of India’s leading players in high-technology avionics and rugged electronic systems for military applications. In an exclusive interaction with The Dollar Business, Puneet Kaura, MD & CEO, Samtel Avionics Ltd., talks about opportunities available to Indian companies in the defence sector and how Samtel is tapping them to become a powerhouse in avionics and technology solutions.
10 min |
March 2017
The Dollar Business
Honey, I Blew Up The Profits!
For those Indians in the business of honey exports, the past few years have actually been ‘extra sweet’. India’s exports of natural honey has grown in proportion to the increase in consumption across international markets, making this non-fancy food product a clear treat for exporters in India.
8 min |
March 2017
The Dollar Business
“it's Time to Explore Untapped Markets”
Charan Reddy Arutla (CRA): I have always been passionate about apparel and shopping – usually, I spend a lot of time and money on shopping. In 2011, an enthusiastic young man combined his passion for fashion with business and started Roman Island. Six years later, this Rs.100 crore company is making its presence felt both in the domestic and international markets. CEO and Chairman Charan Reddy Arutla shares the company’s growth, challenges and plans with The Dollar Business.
4 min |
April 2017
The Dollar Business
Fta Will Create A Win-win Situation
Edgar Vasquez, Vice Minister of Foreign Trade of Peru, was in India recently to push for a comprehensive free trade agreement (FTA) covering goods, services and investments between the two countries. The Dollar Business caught up with him to understand the rationale behind the proposed FTA, which is in line with the agreements the Latin American nation already has with 53 countries.
5 min |
April 2017
The Dollar Business
The 'Soap' Opera Has Just Begun
Indian exporters of organic soaps have been making ‘clean’ hits across overseas markets for quite some time now. As a result, exports of this product from the country has risen steadily. So, what really makes this product a popular choice amongst foreign buyers and Indian exporters (who enjoy high average margins)?
5 min |
April 2017
The Dollar Business
FIPA Will Boost Canadian Investment In India
Canada’s economic and trade relations with India are expanding at a never-seen-before pace. And Canada’s Minister of International Trade François-Philippe Champagne was in India recently with an agenda to strengthen ties further. The Dollar Business caught up with him to understand how the two nations plan to intensify and boost bilateral trade.
5 min |
May 2017
The Dollar Business
Profits On Your Palms!
India is the world’s biggest importer of palm oil. Interestingly, over the last one year, while imports of crude palm oil has been on a decline, that of refined palm oil has been rising sharply. Export taxes by major producers like Indonesia and Malaysia have a lot to do with this anomaly as does India’s custom duties. Is this the right time to jump into imports of RBD Pamolein? The Dollar Business examines.
8 min |
May 2017
The Dollar Business
Acquisitions Have Fuelled Our Growth
Wockhardt is a true Indian pharmaceutical multinational with full-fledged operations in several countries, including US, UK, Ireland and France. In an exclusive interaction with The Dollar Business, Dr. Murtaza Khorakiwala, Managing Director of Wockhardt Group, talks about the company’s innovative business models that are in motion to make the most of emerging opportunities across the globe.
5 min |
May 2017
The Dollar Business
Steel Industry Is On An Expansion Mode
India’s steel industry today faces challenging market conditions arising out of a global steel glut. In an freewheeling interaction with The Dollar Business, Chaudhary Birender Singh, Union Minister of Steel, GoI, talks at length about the government’s initiatives and plans to overcome global challenges while fueling growth and enhancing competitiveness of Indian steel industry.
5 min |
May 2017
The Dollar Business
China Is A Focus Market For Us!
For more than three decades now, Carpet Export Promotion Council (CEPC) has been instrumental in connecting Indian carpet exporters with overseas buyers. ‘Rugs of India’, a brand promoted by CEPC, today, defines India’s hand-weaving skills, globally. However, when it comes to exports, even these exotic, traditional rugs need to be branded and marketed well in the face of competition from machine-made products. CEPC Chairman Mahavir Pratap Sharma explains why.
5 min |
May 2017
The Dollar Business
Red-tapism Is Still An Issue In Exports
Exports wasn’t Anil Peshawari’s forte. But in 1999, this chartered accountant decided to take the plunge and start a garment export business. Come today and he has been successful in establishing Meenu Creation, a 100% export-oriented company that boasts of an annual turnover of Rs.300 crore. In an interaction, Peshawari shares lessons that experience has taught him and other thoughts on textile exports business.
5 min |
May 2017
The Dollar Business
GST: Right Intent. Wrong Rules
A catalyst or deterrent for India's exports?
10+ min |
June 2017
The Dollar Business
The Sweet Sound Of Profits
Usage of earphones and headphones in India has been increasing at a rapid clip, in tandem with mobile phone and Internet penetration. And that should be music to the ears of importers of the product as production lags demand by a huge margin.The Dollar Business dives deep into the business to understand and analyse the dynamics of this lucrative market.
6 min |
June 2017
The Dollar Business
Protectionism Is On The Rise Globally
Dr. Shashi Tharoor dons many hats with equal élan – a Congress leader, a Member of Parliament representing the Thiruvananthapuram constituency, the Chairman of the Parliamentary Standing Committee on External Affairs, and a much acclaimed and awarded author. In an exclusive interview with The Dollar Business, Dr. Tharoor shares his views on the changing dynamics of global trade.
7 min |
June 2017
The Dollar Business
A Fashionable, ‘Boot'iful Idea
When India’s exports were on a decline over the last couple of years, one product category that did not lose its shine is leather boots. On the contrary, its exports from India surpassed that of traditional leaders like Germany and Netherlands. The Dollar Business analyses what makes this product a bestseller overseas.
6 min |
June 2017
The Dollar Business
Goa Certainly Needs To Market Itself Better
Think about holidays and chances are high that you would be visualising the serene beaches of Goa, a holiday destination that is in the bucket list of all leisure travellers, foreign and domestic alike. The Dollar Business caught up with Manohar Azgaonkar, the newly appointed Minister for Tourism of Goa, to understand how his Ministry plans to make Goa a round-the-year tourist destination and increase forex earnings.
5 min |