GM India aims to double exports from India
The Dollar Business Bureau General Motors India is planning to double is exports to touch 50,000 units this year from 21,000 units last year. With a capacity of 1.3 lakh vehicles, its Talegaon facility in Maharashtra will become its export hub in India. More than 30% of the manufactured units from here will be exported to the other countries. It has launched the first left-hand drive Chevrolet Beat for export to Argentina on Monday. GM India has first exported its cars from India to Chile in September 2014. It has dispatched 3,000 Chevrolet Beat cars to Mexico in October 2015. The left-hand drive Chevrolet Beat is also exported to Chile, Peru, Uruguay and Central American and Caribbean Countries (CAC). Now Argentina has ...
Corn import tender cancelled; government expects high yield this year
The Dollar Business Bureau India has cancelled the tender of importing 24,000 tons of corn hoping for a domestically grown bumper crop this year and also relenting to the pressure of not bringing in non-genetically remolded crop into the country. The tender was submitted by global traders like Concordia, Agrocorp, Starcom, Noble and Dawood international on February 12, to enhance the supply of corn in the price range of $194.62 and $221.50 per ton. In the previous tender, New Delhi had secured supplies of 2,50,000 tons of Ukrainian corn. However, the cancellation of this tender has put plans of importing of corn on the backburner. In the previous year, due to drought the government had demanded the state- run Pec Ltd to import half ...
Latin America and Japan are the future markets for pharma exports: Pharmexcil
Jayarama Emani | The Dollar Business “India’s pharmaceutical exports will cross Rs 1 lakh crore by the end of the financial year 2014-15,” said Dr. P V Appaji, Director General, Pharmexcil. Speaking to The Dollar Business, Appaji said that exports for the current fiscal will register a growth by 8 to 10% in dollar terms and about 12 to 13 % in Rupee terms. Stating that the industry is likely to register a decent growth in exports for the next fiscal, Appaji said that India’s current exports to US stood at 30% which is likely to grow to 35% in the next 12 months. “Exports to Latin America also will increase from the current value of 7% as Indian ...
