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Make in India vs. Made in China

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Make in India vs. Made in China Gaily colored resin figurines of Hindu gods are plentiful in India’s hundreds of thousands of bazaars. Most shopkeepers do not know where the figurines were manufactured or, if they do, will not tell. India increasingly imports mass-produced idols of Hindu deities from China – by the millions since 2000. Demand is growing for ... Read More »

Overseas Product Sourcing Rules To Thrive By

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Overseas Product Sourcing Rules To Thrive By Here’s what you need to know to find top quality manufacturers without losing time and money. There’s a lot more to manufacturing than just settling on a price for your product and placing an order. Sourcing can be a jungle, and if you go into the jungle blindly, you won’t fare well. It ... Read More »

Suresh Prabhu says working on roadmap to create jobs through exports, fast tracking refunds

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Suresh Prabhu says working on roadmap to create jobs through exports, fast tracking refunds A day after exporters flagged worries related to refund of the Goods and Services Tax (GST) and blockage of working capital to a revenue secretary chaired committee, commerce and industry minister Suresh Prabhu has said that the government is working to address their concerns. In a ... Read More »

ST: A unified India for business

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ST: A unified India for business As both houses of Parliament convened for a joint session to launch the goods and services tax (GST), with Union finance minister Arun Jaitley’s speech reminiscent of Jawaharlal Nehru’s “India’s tryst with destiny”, India heralded the onset of what is undoubtedly the biggest tax reform in its history. Truly, this is another tryst with ... Read More »

India wants to be a trade, transit hub; inks UN pact in bid to counter China’s OBOR

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India wants to be a trade, transit hub; inks UN pact in bid to counter China’s OBOR India became the 71st country on Monday to join the United Nations TIR Convention, the international customs transit system, to position itself as a regional trading and transit hub. The TIR system is the international customs transit system with the widest geographical coverage. ... Read More »

World Bank says trade, manufacturing to boost 2017 global growth

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World Bank says trade, manufacturing to boost 2017 global growth The World Bank on Sunday maintained its forecast that global growth will improve to 2.7 percent this year, citing a pickup in manufacturing and trade, improved market confidence and a recovery in commodity prices. The update of the multilateral development lender’s Global Economic Prospects report marked the first time in ... Read More »

India gives $500 mn aid to Mauritius

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India gives $500 mn aid to Mauritius India on Saturday announced a $500 million line of credit to Mauritius as the two countries decided to firm up cooperation in the field of maritime security in the Indian Ocean region. The two sides signed a maritime security agreement after extensive talks between Prime Minister Narendra Modi and his Mauritian counterpart Pravind ... Read More »

Make in India gets sourcing push from govt

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Make in India gets sourcing push from govt The Union Cabinet on Wednesday approved a policy providing preference to domestically manufactured goods for government procurements, in a major step to boost the government’s Make in India initiative. It also approved the abolition of the Foreign Investment Promotion Board (FIPB), which has, for 25 years, been the single-point window for clearing ... Read More »

Exports rise 20% in Apr to nearly $25bn

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Exports rise 20% in Apr to nearly $25bn Strong performance by petroleum, engineering and textiles sectors pushed up India’s exports growth by 19.8% to $24.6 billion in April. However, trade deficit also witnessed about threefold increase to $13.2 billion, mainly on account of a sharp jump in gold (seebox) and crude oil imports during the month. The country’s imports, too, ... Read More »

Trade deficit to widen to USD 111.8 billion in 2017-18

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Trade deficit to widen to USD 111.8 billion in 2017-18 Exports growth to accelerate, but imports to rise faster India’s trade deficit is expected to widen to USD 111.8 billion in 2017-18 from USD 105.8 billion in 2016-17. Exports are expected to grow by 6.8 per cent during the year on the back of an expansion in global trade and ... Read More »