Exports

The Federation of Indian Export Organizations (FIEO) has signed two Memorandum of Understanding (MoUs) with the Ceylon National Chamber of Industries and Kabul Chamber of Commerce and Industries to further promote commerce and trade.

Marc Kikuchi will lead North America Generics business of Dr. Reddy's Laboratories Ltd. He was appointed as CEO in the Princeton office on 1 Feb 2019.

The Interim Budget, announced on 1 Feb 2019, addresses both the current challenges faced by the economy and outlines the vision for the future, said Sandip Somany, President of the Federation of Indian Chambers of Commerce and Industry (FICCI).

Over 95 Energy Ministers are expected at PETROTECH-2019, the 13 International Oil & Gas Conference & Exhibition, being organised under the aegis of the Ministry of Petroleum & Natural Gas, on 10-12 February 2019.

Kyrgyzstan and India are considering establishment of joint financing mechanisms to accelerate two-way investment and trade in a wide range of areas including energy, IT, mining, textiles, education, medical and pharmaceutical sectors.

Efforts are being made in reducing the product delivery cycle for exports/imports, said Ganesh Kumar Gupta, President of the Federation of Indian Export Organizations (FIEO).

Singapore’s Changi Airport is scoring well with growth in passenger traffic to and from India, with 4.76 million passengers handled in 2018, making India its sixth largest market.

The technical textile sector, one of the fastest growing segments of the Indian Economy, is set for a double-digit growth in the coming years and a market size of Rs.2 lakh crore by 2020-21.

The India Week, held in Singapore 24-27 Jan 2019, has set the pace of increasing exports of Indian origin products to markets of 640 million people in the Association of South East Asian (ASEAN) region.

Singapore, with market size of US$327 billion, had always been an important strategic trading post, giving India trade access to the Far East, said Ganesh Kumar Gupta, President of the Federation of the Indian Export Organizations on 25 Jan 2019.