Exports

Celanese Corporation said the acquisition of Next Polymers Ltd expands its global manufacturing footprint with a world-class domestic compounding facility and 10 production lines.

The Regional Comprehensive Economic Partnership (RCEP) would facilitate India’s Micro, Small and Medium Enterprises (MSMEs) to effectively integrate into the regional value and supply chains.

An Export Promotion Cell has been established to create a sustainable ecosystem for entire Ministry of Micro, Small and Medium Enterprises (MSMEs) which has product output of US$147.39 billion with 48.56% exported in 2017-18.

The Confederation of Indian Industry sees 2019 economic growth at 7.5%, citing better demand conditions, growing investments in infrastructure and critical spending on General Elections which must be held by coming May.

Commerce and Industry Minister Suresh Prabhu is not fully satisfied on the 2019 export strategy and has called for special focus on boosting shipments to the African continent and Latin American markets given the huge growth potential.

The Commerce Ministry is working on a comprehensive strategy to boost the Micro, Small and Medium Enterprise (MSMEs) sector by granting new patents in record time.

Indian Micro, Small and Medium Enterprises (MSMEs) have the capability to compete with global companies and become a part of the fourth industrial revolution as they build on the support of various Government schemes.

Turkey’s Minister for Trade Ruhsar Pekcan hopes a Free Trade Agreement (FTA) between her country and India could be finalised soon to ensure sustainability in trade relations.

The Indian electronic-commerce (e-commerce) market was US$38.5 billion in 2018-19, a strong increase of 17% on 2017-18’s US$33 billion, according to a review by the National Association of Software and Services Companies (NASSCOM).

The landscape of food service retail industry is changing with forecast to have 77 billion transactions in 2022, up by an impressive 28.5% over 2017.