Search Result for : Asia

The Dollar Business Bureau Indian Pharma exports to the US may increase in 2017-18 despite pricing pressure and stiff competition. A report released by Care Ratings said that $50 billion worth of drugs are expected to become 'off-patent' in the current year giving hope to the Indian Pharma export market. "The pharma export volumes from India to US, however, are expected to rise. This will be backed by about $55 billion expected sales gain to generics drugs on account of branded drugs going off patent during 2017-19 which will create an opportunity for CRAMS segment. We expect growth rate for CRAMS (Contract Research and Manufacturing Services) to be higher compared to average growth rate of the industry. These factors are likely to support pharma exports from India," ...

The Dollar Business Bureau China’s 2 day unveiling of the One Belt One Road initiative, saw 29 heads of state coming together to partake in the $900 bn investment initiative aimed at developing land and sea trade routes from China to Europe; there were two conspicuous absent nations from the meet, Japan and India. India in its statement reply to China’s invitation to the initiative said, “We are of firm belief that connectivity initiatives must be based on universally recognized international norms, good governance, rule of law, openness, transparency and equality... Connectivity projects must be pursued in a manner that respects sovereignty and territorial integrity. India’s reluctance is plain and open. The CPEC route threatens to violate India’s sovereignty as the project passes ...

The Dollar Business Bureau  With a huge demand for investment in the infrastructure, India is looking for investors globally and London would prove to be natural destination, said Nikhil Rathi, Chief Executive Officer, London Stock Exchange (LSE). “So, India is a fastest growing economy in G-20, growing at 7% a year. There is huge demand for infrastructure investment in India, and it is going global and looking for global investors and London is proving to be natural place for it,” Rathi said. The LSE witnessed the listing of Rs.7,000 crore worth of bonds on Thursday and Friday. India’s Road Transport Minister Nitin Gadkari has launched NHAI bonds worth Rs.5,000 crore on Thursday. Piyush Goyal, Power, Coal and Renewable Energy Minister, has launched the trading of papers on Friday worth Rs.2,000 crore from NTPC ...

The Dollar Business Bureau Amidst increasing tensions in the Asian region, India and Japan are having discussions to strengthen military partnership. Arun Jaitley, Defence Minister of India conveyed to the Japan’s Defence Minister, Tomomi Inada, on Monday that India hopes to follow a strategic cooperation with Japan for stability and peace in the region. Jaitley’s visit to Tokyo comes at a time when tensions are rising in the region that includes territorial conflict in the South China Sea and threats of missile and nuclear threats from North Korea. The Indian Defence Minister welcomed a trilateral naval exercise planned with India, Japan and the US in July as a way to strengthen cooperation in the Asia-Pacific region. “This is all reflective of the level of cooperation ...

PTI Upset over not getting a rating upgrade, India has lashed out at global rating agencies saying they are far detached from ground realities and must introspect as the reforms initiated certainly warranted an upgrade. Economic Affairs Secretary Shaktikanta Das said India was being denied an upgrade even as growth and fundamentals improve. In past too, India has questioned the methodology used by global rating agencies saying the nation compares favourably with other emerging countries on metrics such as default risk. In particular, it points to S&P Global Ratings keeping China at AA- despite rising debt and slowing growth while India has been kept at one step above junk. Moody's and Fitch too give similar rating citing ...

The Dollar Business Bureau Global rice prices are to see a spike from 10% to 20% in the coming few months as an EL Nino weather pattern rack the top producers in Asia desiccating to the cropland and sabotaging the grain stock to a multi-year low. Though the high prices may be a bad news to the countries in Asia and Africa, lower output will however help the next level exporter Thailand offload its swelling stock that have weighed on the market stocks and have pushed the stock prices down the normal benchmark of 7-1/2 years low of $367.50 per tonne in June. The scarcity in the annual rainfall linked to El Nino has already succeeded in disrupting the rice plantation in ...

The Dollar Business Bureau Nine of the twenty largest investors were seen from developing economies in 2014   Global Foreign Direct Investment (FDI) inflows in 2014 fell by 16% to $ 1.23 trillion due to weak global economy, policy uncertainty for investors, among other reasons, said the World Investment Report 2015, released at the United Nations Conference on Trade and Development (UNCTAD). However, developing economies extended their lead in receiving FDI inflows, by occupying five positions among the top ten FDI recipients during the year. Inward FDI flows to the developing economies reached highest level ever at $681 billion registering a 2% rise in 2014, noted the report. The report further says that investments made by the Multi National Enterprises (MNEs) ...

 The Dollar Business Bureau India will be providing US$ 1 billion ‘Line of Credit’ to Mongolia to develop its institutions, infrastructure and human resources. The above statement was made by Prime Minister (PM) Narendra Modi, while addressing the Mongolian Parliament on May 17, 2015, said a PIB release. The PM also laid the foundation stone for the expansion and upgrading of the Atal Bihari Vajpayee Centre for Excellence in Information and Communication Technology. Stating that under India's training programme, Mongolia is one of our largest partners, the PM said “We will increase the ITEC training slots for Mongolia from 150 to 200 and establish an India-Mongolia Joint School.” Modi also said that India and Mongolia have agreed that India will ...