Sharjah SAIF-Zone a gateway for Indian MSMEs
The Dollar Business Bureau The Federation of Indian Export Organizations (FIEO) said small and medium-sized enterprises (SMEs) can leverage Sharjah-based SAIF Zone & Hamriya Free Zone as a gateway to African and European markets. FIEO further said that tax-free export zone would offer immense global opportunities for SMEs in Andhra Pradesh (A.P). FIEO in association with SAIF Zone and AP Chamber of Commerce and Industry Federation (APCCIF), jointly organised a seminar at Vijayawada to help MSMEs in agriculture marketing, food processing and textile products in West Asia and in the North African (WANA) region. The seminar discussed various opportunities available to the exporters for exporting not only to GCC countries, but also to Africa and CIS by using SAIF Zone as the hub. Unni ...
Singapore business body plans trade mission to AP
Source: PTI The Singapore Indian Chamber of Commerce and Industry (SICCI) is planning a trade mission to Andhra Pradesh to help members expand into the Indian market through collaboration, joint ventures and partnerships. It will be a joint mission by SICCI and the Singapore Business Federation (SBF) as a follow up to a number of successful Singapore ventures in India in June, including the master plan of Andhra Pradesh's new capital city of Amaravati. "We are planning a mission early June and chamber plans to help members expand into the Indian market through collaboration, joint ventures and partnerships," R Theyvendran re-elected chairman of SICCI said. Another major landmark was Singapore Sembcorp Industries' recently launched $4.2 billion coal-fired power generation plant in Andhra Pradesh, a ...
Krishnapatnam Port launches new services
The Dollar Business Bureau As part of its expansion plans, Krishnapatnam Port is coming up with more number of container terminals. The port has recently launched the weekly service of a container, M V Maersk Bentonville that directly plies between Krishnapatnam and Salalah (Oman). The container will be servicing the importers and exporters of Telengana, AP, Karnataka and Northern Tamil Nadu to the ports of Africa, Europe, Mediterranean and the US East Coast. The Salalah – Krishnapatnam Port service will greatly minimise the cost and transit time in the ports that come during the course of its journey. This will be advantageous to the Krishnapatnam Port Container Terminal (KPCT) customers. The Salalah – Krishnapatnam Port service will also get a boost from ...
Naidu inaugurates Mondelez plant in Sri City
The Dollar Business Bureau Mondelez India Foods Pvt Ltd, formerly Cadbury India Ltd, inaugurated its largest plant in the Asia Pacific region at Sri City, Andhra Pradesh. N Chandrababu Naidu, Chief Minister, Andhra Pradesh, inaugurated the factory on Monday. “Built with an investment of $190 million, the multi-category manufacturing facility, initially, had the capacity to produce around 60,000 tonnes of the brand’s Dairy Milk chocolate, yearly. The production is expected to touch 2.5 lakh tonnes annually, in three phases, by the year 2020,” informed Chandramouli Venkatesan, Managing Director Mondelez India to the reporters. “Mondelez India initially plans to use the facility for domestic consumption but later make it into an exports hub in Asia,” Venkatesan said. The facility currently employs 4oo people that will ...
Expectations high as Seetharam Reddy likely to take charge of Vijayawada DGFT
Jayarama Emani | The Dollar Business G. Seetharam Reddy who has worked as the Joint Director of DGFT of Hyderabad and Visakhapatnam in the past is likely to be the new Joint Director of DGFT Vijayawada. According to sources from the exporters and importers from Vijayawada and the Directorate General of Foreign Trade (DGFT), Reddy is keen to come back to the Andhra Pradesh region and is reportedly the choice of AP Chief Minister, N. Chandrababu Naidu. Reddy belongs to the Indian Trade Services (ITS) Batch of 1989. Meanwhile, exporters and importers have expressed their happiness on the news of a new DGFT office at Vijayawada. Speaking to The Dollar Business, Varun Reddy, Managing Director, Srinivasa Jewellery Mart, said, ...
