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The Dollar Business Bureau Indian healthcare market is expected to increase threefold to touch $372 billion by 2022, registering a growth of 22% annually, according to a study. “India’s healthcare market may see threefold rise as its size in value terms is likely to reach $372 billion by 2022 from the level of $110 billion as of 2016 thereby clocking a compounded annual growth rate (CAGR) of 22%, said a statement by ASSOCHAM on Sunday. The findings are based on a paper on ‘Indian Healthcare Sector - An Overview’, jointly prepared by ASSOCHAM and the research firm RNCOS. On the reasons for the likely growth, the paper noted that increasing demand for affordable healthcare delivery system in India due to rising healthcare costs, growing ...

The Dollar Business Bureau Salzer Electronics, a leading name in the field of electrical products manufacturing, said on Monday that it is looking at a compound annual growth rate (CAGR) of 15% and aims to become a Rs.1,000 crore firm by 2021, following technology alliances globally and augment the share of value-added products. “We expect Rs.430 crore turnover by FY 18, Rs.520 crore by FY 19 and intend to emerge as a Rs.1,000 crore company by 2021,” R Doraiswamy, Managing Director of Salzer Electronics told PTI. “We believe that revenues from our existing products are expected to grow at a 15% CAGR during this period. Going forward the company’s focus is to achieve profitable growth by adding newer products, which are customised and ...

The Dollar Business Bureau India the third largest producer of ceramics aims to double its turnover to Rs.50,000 crore by 2020. This is driven by domestic consumption and exports to Europe, Middle-East and other destination countries. Indian manufacturers are looking to compete with China in the global market which is a lead exporter with 40% market share, by expanding product portfolio and scouting for new geographies. "The ceramics industry is looking at a growth of 200% by 2020 at Rs.50,000 crore, from Rs.25,000 crore at present," Vibrant Ceramics 2017 President Nilesh Jetpariya told the PTI. He added that the ceramic industry employs more than 10 lakh skilled and unskilled persons. In the last decade the Indian ceramic industry has evolved into an organized market. While ...

The Dollar Business Bureau The National Civil Aviation Policy, 2016 has envisaged growth of cargo volumes to 10 million tonnes by 2027. As per data maintained by the Airports Authority of India (AAI), air freight handled at Indian airports grew by more than 20 times from 0.08 million metric tonnes in 1972-73 to 2.5 million metric tonnes in 2014-15, and its compound annual growth rate (CAGR) was 8.8% during 2013-14 to 2016-17. Measured in million tonne-kilometers, the data maintained by the World Bank also shows that air freight transported by India went up from 96.3 million tonne-kilometers in 1970 to 1,833.8 million tonne-kilometers in 2015. As per data maintained by the Airports Authority of India (AAI), air freight handled at Indian airports ...

The Dollar Business Bureau  With cement coming under the 28% tax rate structure under Goods and Services Tax (GST), the industry is not happy with the government slotting it under the highest tax structure as the sector is already struggling with low demand. The Government has failed to take an advantage to spur growth in the already struggling housing and cement sector by placing the commodity in the uppermost tax bracket of 28% under the GST, the industry body Cement Manufacturers Association (CMA) said reacting to the announcement. The industry body has also lamented that the taxation on cement, the highest in the Asia Pacific region, has impacted the health of the sector that is seeing just 70% of its capacity utilisation because of low demand.  “On a 50 kg bag ...

The Dollar Business The industry body FIEO forecast challenges for the exporters if the rupee continued appreciating in the future. Global trade is expected to grow at 2.4% in 2017, and there is likelihood of extreme instability in currencies. Though the rupee has gained against the dollar, and since competing currencies of other countries could depreciate further, rupee’s appreciation could hurt India’s competitiveness in its labour intensive business units especially sectors such as agro-products industries, handloom, leather, textiles and marine products. The government should support these sectors based on their forex returns so that those companies handling large imports, which will be benefitted with the appreciation are provided less support than those having little or no support. Speaking at a press meet ...

The Dollar Business Bureau Since the lifting of the mining ban in the three iron-ore rich states of India, Odisha, Karnataka and Goa, India's iron ore production has increased. It is estimated that by 2021 it could touch 185 million tonnes (MT). According to a Fitch Group research company, India’s iron ore production quantity will touch 185 MT in 2021 from 136 MT this year. It should be recollected that mining in all the three states was at its peak between 2000 and 2012, a time when iron-ore powder from Goa was shipped to meet the steel needs of Beijing Olympics in 2008 and India’s iron ore exports to other countries too flourished. It was also during this period that environmental, land-lease and ...

The Dollar Business Bureau Underscoring the Goods and Services Tax as the game-changer for the Indian retail industry, retailers have urged the government for an early implementation of the new tax framework. Industry body Retailers Association of India has asked for early implementation of the GST, which will be a game changer for the Indian retail sector which is pegged to grow to $1.3 trillion by 2020, RAI CEO Kumar Rajagopalan said.   "We are waiting for the details of early GST rollout, which, we hear is now in July. This can be a big game changer for retailers across the country," Rajagopalan told PTI.   Striking the same chord, METRO Cash & Carry India CEO & MD Arvind Mediratta said GST would also translate to ...