Exports

New Delhi is waiting for Muscat response to set up a 200 Giga-watt waste-to-energy project as India-Oman joint venture. It would be the largest of its kind plant, processing 9,000 tonnes of Municipal Solid Waste per year

India-Oman Joint Investment Fund (OIJIF) has raised another US$220 million for the second tranche which is being invested in India, said a public information bureau release on 16 July 2018.

Japan’s Toyoda Gosei Co Ltd has established the Gurgaon Office to increase sales in the rapidly growing market and a further step in localization of product development.

Businesses to enhance trade and investment South Korean President moon address business forum. India and South Korea have reaffirmed strategic partnership with its business executives forming six working groups during President Moon Jae-in’s state visit to New Delhi 8-11 July...

India can lead the newly industrialising countries in developing and adopting affordable technologies, Minister for Science & Technology, Dr Harsh Vardhan has said.

The government has taken proactive measures for gaining market access in China, while working on trade agreements with countries in Latin America, Africa, Central Asia and Gulf Cooperation Council.

The government was merely trying to mitigate the adversities of Indian exporters, which did not tantamount to subsidizing, specifically farm products, Commerce and Industry Minister Suresh Prabhu has stressed.

The Federation of Indian Exporters Organisation (FIEO) has identified 685 products based on past Indian export performance and global import performance of various products in its four-pronged strategy for increasing exports by US$100 billion.

Labour-intensive Micro Small and Medium Enterprises (MSMEs) are either showing very modest growth or are into negative territory in their exports due to liquidity crunch, according to a senior industry official.

More than 120 million Indian consumers are expected to shop online, clocking annualized growth of 115% in 2018 as the e-commerce platforms, making it one of the most attractive investment sectors, according to ASSOCHAM-Resurgent joint study.