Exports

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.

The economic landscape has deteriorated so fast lately that FY20 is turning out to be a year of rapid downward growth revision, noted Dr. Sunil Kumar Sinha, Director - Public Finance & Principal Economist at India Ratings & Research (Fitch Group).

PHD Chamber of Commerce and Industry appreciates the government’s decision to review all existing Foreign Trade Agreements with its various FTA partner countries and groups, as India had very limited benefits from these pacts.

Eros Now, the cutting-edge digital over-the-top (OTT) South Asian entertainment platform, has partnership with Ooredoo Qatar, reaching out to the global audience while seeking new markets.