Exports

The global health care BPO market is expected to grow at a compound annual growth rate (CAGR) of about 10.7% from US$113.2 billion in 2013 to US$188.9 billion by 2018, according to a report on India outsourcing.

India’s Public Sector Undertakings, IRCON International Limited and RITES Limited, have signed agreement with the Sri Lankan Government for development of railway facilities.

India has launched a new app, Niryat Mitra, for promoting international trade, exports and ease of doing business in the country.

India can gain export market share from the United States-China trade war by expanding the number of products it ships to the two countries.

Micro, small and medium enterprises (MSMEs) should adopt government programmes such as ‘Zero Defect Zero Effect’ to capture an estimated opportunities worth Rs.2 trillion in 2018-19, said Vijay Kumar, Director, MSME Development Institute, a government of India entity.

The Dubai Chamber of Commerce and Industry has opened its new representative office in India for identifying new business opportunities for Chamber members, attracting Indian companies to Dubai and expanding bilateral trade and investment.

The Federation of Indian Export Organizations (FIEO) has called for expansion of list of products that can benefit from the Merchandise Exports from India Scheme if shipped through e-commerce.

The Indian footwear industry has been urged to become a global manufacturing hub, working on the Rs.2,600 crore support package approved by the government last year.

Noida-based Nuberg EPC has secured a US$53 million turnkey project contract from Saudi Arabia’s Middle East Chemicals Company Ltd (Midchem).

Naidu calls for focus on innovation   Vice President Naidu.   Hyderabad’s IT exports has grown to about Rs.97,000 crore, up from Rs.55,000 crore in 2014, noted Vice President M. Venkaiah Naidu during his visit to the city. “The growth...