Search Result for : Andhra Pradesh

The Dollar Business Bureau Red Sanders wood, an endangered species of flora protected under the Convention of International Trade in Endangered Species(CITES) of Flora and Fauna, has been prohibited from being imported by the Directorate General of Foreign Trade. Earlier this wood was free to be brought into the country, but the government has through a notification specified that it has shifted imports of this wood from free to the prohibited category. Red Sanders in India is found mainly in the Seshachalam hill ranges spread across the Rayalseema and Nellore regions of Andhra Pradesh. Possession or selling of this prized wood is considered to be illegal. This wood has a huge demand in the markets of Japan and China as it is valued for its ...

The Dollar Business Bureau  Andhra Pradesh will create about two lakh jobs in the field of electronics manufacturing and information technology (IT) sector in the coming two years, said the state’s IT minister Nara Lokesh. “In order to fulfil the target, the focus will be on manufacturing medical devices, in addition to the manufacturing of consumer durables and mobile phones” Lokesh, who is the son of Chief Minister N Chandrababu Naidu and holds the portfolio of Panchayati Raj said. He met Ravi Shankar Prasad, Union Minister for Information Technology on Wednesday and asked for his assistance in a variety of IT-related projects which are in the pipeline and have the possibility to create jobs. “The Union minister assured us help as Andhra Pradesh is growing fast in both the ...

The Dollar Business Bureau  The Ministry of Commerce has set timelines for the state governments of Andhra Pradesh, Tamil Nadu and Maharashtra to complete modalities and export procedure for Red Sanders wood.  Andhra Pradesh has been given time till April 30, 2019, whereas Tamil Nadu and Maharashtra have been allowed till August 31, 2018, for finalising the modalities and completion of the export process of this wood.  “Time upto August 31, 2018 has been allowed to the governments of Maharashtra and Tamil Nadu to finalise the modalities and complete the process of export of respective allocated quantity of Red Sanders Wood,” the Directorate General of Foreign Trade (DGFT) has said in a notification (No.08/2015-2020) issued on Tuesday.  Time till April 30, next year has ...

PTI The succulent Banganapalle mango has got a Geographical Indication (GI) tag, making Andhra Pradesh the proprietor of the variety know for its sweetness. The Registrar of Geographical Indications Registry, Chennai, O P Gupta has accorded the registration following an application from Horticulture Commissioner, Andhra Pradesh. The Andhra Pradesh government is the registered proprietor of the GI tag for mangoes, often hailed as "the king of fruits."  A GI tag indicates that the product comes from a specific region. Banganapalle mangoes have been grown for over 100 years in the state. It also known as Beneshan, Baneshan, Benishan, Chappatai and Safeda. Besides, they are also called Banaganapalli, Banginapalli, Banaganapalle. The fruits can retain their quality under cold storage even up to ...

The Dollar Business Bureau South Korea’s automobile manufacturer is in the final process of establishing its first company- Kia Motors Corp. in India. The decision will be made shortly once the location is finalised. The two preferred states that the company wishes to establish its manufacturing units are Andhra Pradesh (AP) and Maharashtra. According to the media communication released by the company, the new unit is likely to begin its operations either by the end of 2018 or the beginning of 2019. Speaking to the media, an anonymous official from one of the chosen locations said AP seems to be more favourable and is likely to be finalised. The official said if, Kia Motors Corp. finalises AP location for its establishment it would have ...

Sairaj Iyer Finance and technology have become so intertwined that many financial organizations would aver they are not a financial company per se, but a technology company rendering financial services.  Moreover, factors such as demonetization, digital India and a plethora of digitization campaigns are only testimony to the growing importance of technology. It is obvious that when India is going gaga over digitization a state like Andhra Pradesh headed by a tech savvy Chief Minister cannot be left behind. If the official comments of the secretary of the state government of Andhra Pradesh are to be believed, the state is fast on its way to carve the world’s 6th largest startup hub. Officials close to the development delved into the details of ...

Sairaj Iyer Andhra Pradesh, India’s eighth largest state, has grown by 10.99% in the financial year 2015-16 and reached a cumulative gross state domestic product (GSDP) of $100 billion, a figure 5% above the national average, said a senior state official. “India’s eighth largest state has grown by 10.99% in 2015-16 to reach a cumulative $100 billion GSDP (Gross State Domestic Product), a figure 5% over the national average, said Ajay Jain, the state Government’s principal secretary, while speaking at The Andhra Pradesh Investment Roadshow at Mumbai organized by CII on Monday. While addressing the event, Jain also shared the master-plan which outlined infrastructure, sectoral policies, new industrial corridors, and details of the state’s capital in Amaravati. Elucidating the plans on infrastructure he shared ...

PTI Keeping in view of the increasing demand, Japanese air conditioner maker Daikin has plans for setting up its third manufacturing plant in India and is evaluating various locations and options, a top company official said today. The company is in talks with Maharashtra, Andhra Pradesh and Telangana governments in this regard, however, any decision on setting up the third manufacturing unit is likely to be taken only after March 2018, Daikin Airconditioning India Managing Director Kanwal Jeet Jawa said here. "We have one manufacturing facility at Neemrana in Rajasthan. Already we have decided to put up a second factory also at Neemrana.. about 40 acre with an investment of Rs 600 crore plus. The second unit will be operational from September this year," ...