Monthly Archives: December 2017

‘The mega food park at Una will be inaugurated next year’

December 9th, 2017 | APTSO EXPORTS™ | Tags:

The first mega food park at Una, Himachal Pradesh, is to be inaugurated early next year, said the directors of project management consultants, NAPL. NAPL, which is helping Cremica establish the food park in Una, said that the total project cost has worked out to Rs. 99.70 crore. An investment of another Rs. 150 to 200 crore can be expected from the 3–4 companies that have evinced interest in setting up their food processing units in the park, Ritwik Bahuguna and A P Sinha, Directors, NAPL told BusinessLine. Stating that […]

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India’s GDP growth to rise to 7.5 pc in 2018: Morgan Stanley

December 8th, 2017 | Esther Parimala | Tags:

Dec 08, 2017 The Indian economy is expected to witness cyclical growth recovery, with real GDP growth likely to accelerate from 6.4 per cent this year to 7.5 per cent in 2018 and further to 7.7 per cent in 2019, says a report. According to global financial services major Morgan Stanley, corporate return expectations and balance sheet fundamentals are improving, and a strengthening financial system should be able to meet investment credit demand. This sets the stage for a fully fledged recovery in 2018, and we expect real GDP growth […]

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‘The mega food park at Una will be inaugurated next year’

December 8th, 2017 | Esther Parimala | Tags:

Dec 08, 2017 The first mega food park at Una, Himachal Pradesh, is to be inaugurated early next year, said the directors of project management consultants, NAPL. NAPL, which is helping Cremica establish the food park in Una, said that the total project cost has worked out to Rs. 99.70 crore. An investment of another Rs. 150 to 200 crore can be expected from the 3–4 companies that have evinced interest in setting up their food processing units in the park, Ritwik Bahuguna and A P Sinha, Directors, NAPL told […]

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FTA strategy: India may well give up hope to become global manufacturing hub and exporter; here is why

December 8th, 2017 | Esther Parimala | Tags:

Dec 08, 2017 Indian policy on free trade agreements (FTAs) and, more generally, over the country’s external trade policy remains confused with India out of sync in various trade negotiations. It is unable to generate interest among members at the Regional Comprehensive Economic Partnership (RCEP) on its demand for greater market access in services. It is unable to decide on how to proceed on pending FTAs with the European Union, Australia and Canada. And at the World Trade Organisation (WTO), it continues to block other proposals (for example, multilateral rules […]

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Labour-intensive exports need a policy push

December 8th, 2017 | Esther Parimala | Tags:

Dec 08, 2017 The government of India has taken several measures to boost exports in its midterm review of foreign trade policy 2015-20. Apart from incentives for specific sectors such as ready-made garments and footwear, it also allowed duty-free procurement of the inputs needed for exports on a self-assessment basis. Further, a new logistics division has been established in the department of commerce to coordinate development in the logistics space. These measures, along with recent changes in the goods and services tax, are likely to help the export sector. However, […]

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India, China to strengthen trade, investment ties

December 7th, 2017 | APTSO EXPORTS™ | Tags:

India and China agreed to strengthen cooperation in trade and investment as they have a major stake in the path that the global economy is likely to follow in the coming years, an official statement said today. At the third edition of the dialogue between the NITI Aayog and the Development Research Council of China (DRC), both sides exchanged views on policies and measures to address the challenges for attaining sustainable growth, it said. The dialogue, being held in China, took place under the MoU between NITI Aayog DRC signed […]

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India, Israel to open centre for floriculture in Tamil Nadu

December 7th, 2017 | APTSO EXPORTS™ | Tags:

India and Israel are coming together to set up a centre for excellence in floriculture at Thally in Krishnagiri district of Tamil Nadu. The centre, the first agro-technology development centre to be set up with Israel’s assistance in the State, would be officially inaugurated on Thursday. Gil Haskel, head of Israel’s agency for international development cooperation Mashav; Union Minister of State Gajendra Singh Shekhawat and Tamil Nadu Agriculture Minister R Doraikannu are expected to attend the function. The centre at Thally and a similar centre planned for vegetables to be […]

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Sugar production till November 30 11.69 lakh ton more than 2016 output

December 7th, 2017 | APTSO EXPORTS™ | Tags:

Sugar production till November 30, 2017 in the current sugar season (2017-18) was 39.51 lakh ton. This was about 11.69 lakh ton higher than the production in the last season upto the same corresponding period, when 27.82 lakh ton of sugar were produced. As compared to the 393 sugar factories which were crushing sugarcane on November 30, 2016, 443 sugar mills were crushing sugarcane on November 30, 2017. As compared to the 79 per cent higher sugar production till November 15, 2017 vis-a-vis that on the same date last year, […]

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Government extends support to exporters to deal with burden of GST implementation

December 7th, 2017 | APTSO EXPORTS™ | Tags:

In addition to Foreign Trade Policy (FTP) that was earlier introduced to boost the exports of goods and services and to increase employment generation in the country, the central government on Tuesday extended support to exporters to help deal with implementation burden of the new Goods & Services Tax (GST) regime. Concerned over the delays in refunds under the GST, the government today rolled out e-wallet plan for exporters under GST from April 1. The exporters will avail refunds after correct returns are filed. The government has disbursed Rs 451 […]

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FSSAI issues manual on food import to ensure application of clearances

December 7th, 2017 | APTSO EXPORTS™ | Tags:

Ensuring a consistent approach towards food import clearances in the country, the Food Safety and Standards Authority of India (FSSAI) recently issued a manual on food import. It is expected to ensure that import clearances at different ports in the country are applied, where there is FSSAI as well as where food imports are regulated by the Customs department on behalf of the country’s apex food regulator. Earlier this year, FSSAI, in order to keep a check that no unsafe or substandard food was being imported in India, had notified […]

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