Exports

Japan’s Technological Development of Information Processing Co Ltd (TDI) will introduce Artificial Intelligence, IoT, and Robotics in India through a strategic alliance with Cogniscient Business Solutions Pvt Ltd (CBS).

It is also clear that the draft rules to regulate all medical devices in India will take the center stage in 2020, according to a report by Nishith Desai Associates, a Mumbai headquartered legal consultancy.

The Cabinet has approved the signing of the Memorandum of Understanding (MoU) between Republic of India and Brazil on cooperation in the field of oil and natural gas.

The Federation of Indian Export Organizations (FIEO) has presented its wishlist for 2020-21 Budget, calling for double tax deduction scheme for internationalization of MSMEs and more shipping capacity in the country.

India has not been able to take advantage of the Free Trade Agreements (FTAs) due to the poor quality of Indian goods or due to Non-Tariff Barriers (NTBs), Commerce and Industry Minister Piyush Goyal has said.

The Indian exports is passing through a very tough and challenging times, said FIEO President Sharad Kumar Saraf, adding that global players including China was also losing its sheen in exports.

India has been urged to actively participate in promoting e-commerce among member countries of the Shanghai Cooperation Organization (SCO), give it being the driving force in digitization.

The Indian ayurvedic products market is expected to grow at a CAGR of 14% during 2019-2024, said a report from ResearchAndMarkets on 9 Jan 2020.

California-based Aragen Bioscience and Serum Institute of India Pvt Ltd are collaborating for the development of multiple stable cell lines to support Serum’s HIV program.

The Micro Small and Medium Enterprises (MSME) sector has better adaptability to cater to the export market due to its smaller size and ability to adapt fast to market change, said Commerce and Industry Minister, Piyush Goyal.