Exports

Tokyo’s NTT DATA has named Pune-based FlytBase the Open Innovation Contest 9.0 champion for developing the world’s first Internet of Drones (IoD) platform for easily deploying intelligent drones connected with cloud-based business applications.

Over 500 projects are being discussed between Indian and African entities and India could extend its expertise to build strong logistics linkages in Africa, said Anup Wadhawan, Secretary, Ministry of Commerce & Industry.

Not all British companies have found it “entirely easy to operate in India” which is among the reasons for a still inconclusive Free Trade Agreement between the two countries, the UK government has admitted on 19 Mar 2019.

Dubai’s Amira Nature Foods Ltd, a global provider of packaged specialty rice, said its Indian subsidiary, Amira Foods India has converted Amira India debt into ordinary shares of Amira India.

Turnaround in political sentiments, Foreign Portfolio Investment (FPI) flows coupled with the expected large inflows from rights issues and the merger and acquisition deals, reduced geo-political tensions, stability in oil prices have driven the rupee appreciation to a 9-months high.

Indian exporters have managed to do well with 2.44% growth in February exports despite increasing protectionism, tough global conditions and constraints on the domestic front, said FIEO President Ganesh Kumar Gupta.

India is projected to achieve a record US$325-330 billion exports in 2018-19, with engineering sector being the major contributor amidst global challenges such as protectionist measures some countries, Commerce Secretary Anup Wadhawan said on 14 Mar 2019 in Chennai.

HitGen Ltd and Sun Pharma Advanced Research Company Ltd have announced a research collaboration to identify novel small molecule leads for targets of interest.

Ghana’s Vice President and Prime Minister as well as Deputy Prime Minister of Lesotho will join more than 31 senior Ministers from 21 African countries at the Conclave on India-Africa partnerships of US$62.66 billion bilateral trade as of 2017-18.

On the occasion of the International Women’s Day, the Federation of Indian Export Organisations (FIEO) has launched Indian Women Exporter e-Group on its FIEO Globallinker platform.