Search Result for : Chemicals

The Dollar Business Bureau The availability of overall fertilisers in the country is 129.92 lakh MT, which surpasses the overall demand of 95.84 lakh MT, said Minister of State for Chemicals and Fertilisers Mansukh L Mandaviya on Tuesday. “The availability of fertilisers far exceeds their requirement in the country,” Mandaviya said in a written reply to a question in Lok Sabha. “Nowadays, scarcity of fertilisers has become a thing of the past in the country which has been possible due to the visionary policies of current Government,” he added. The availability of urea, which is largely used by farmers in the country, is 80.28 lakh MT against the requirement of 63.64 lakh MT, informed Mandaviya. The availability of other fertilisers such as DAP (Diammonium phosphate) and NPK ...

The Dollar Business Bureau  India’s widely appreciated basmati rice may face the closed doors of the EU due to the new regulations that EU has imposed on chemical residues, The All India Rice Exporters Association (AIREA) said on Wednesday. A fungicide named tricyclazole which many farmers use to prevent leaf and neck blast in basmati paddy varieties was banned by EU. For sometime EU had allowed a maximum residue limit (MRL) of 1ppm (parts per million) on the basmati rice that was exported to EU. However, it has issued a notification that residues above 0.01 ppm will not be allowed in the basmati imports after Dec 31, 2017.  Speaking to the media, AIREA President, Vijay Setia said it would not only impact their ...

The Dollar Business Bureau Indian conglomerate Adventz Group said on Tuesday that it has signed a $2 billion-plus MoU with the Israeli construction and development company Lesico Group to collaborate in the light rail transit (LRT) projects in Jerusalem and Tel Aviv. The announcement came in the backdrop of a top-level Indian political and business delegation led by Prime Minister Narendra Modi visiting the Jewish nation currently. The historic visit – first time for any Indian Prime Minister – is being seen as a watermark in deepening economic and trade relationships between New Delhi and Tel Aviv. “The memorandum of understanding (MoU) between Lesico with Adventz Group will be a first for an Indian conglomerate with group company Texmaco Rail & Engineering Limited, which ...

The Dollar Business Bureau  India has imposed a definitive anti-dumping duty on the imports of hydrogen peroxide largely used in corrosion control and bleaching both industrially and domestically, on six of its neighbours. The countries Bangladesh, Taiwan, Korea, Indonesia, Pakistan and Thailand have been dumping hydrogen peroxide at cheaper rates causing injury to the domestic players.  Two Indian companies, National Peroxide Ltd and Hindustan Organic Chemicals Ltd had appealed to the Directorate General of Anti-Dumping(DGAD) to initiate a probe into the indiscriminate dumping of the chemical in the Indian market.  The DGAD after the probe has recommended the imposition of anti-dumping duty ranging between $46.16 to $117.94 on all the six countries. This duty will be effective for a period of 5 years and ...

PTI Encouraged by Infosys' decision to set up a tech centre in his state and generate 2,000 jobs, Indiana Governor Eric Holcomb will lead a high- powered trade delegation to India later this year with the sole objective of attracting more Indian business, particularly IT companies. "I'm looking forward to travelling to India, probably in the fall, before the winter," Holcomb told PTI in an exclusive interview in his office at the State Capitol. Holcomb, who succeeded Vice President Mike Pence as Indiana governor, said he wanted to travel to India soon after his inauguration early this year but pressing engagements and now the summer prevented him from doing so. Holcomb, who would be the first Indiana governor ...

The Dollar Business Bureau India has imposed anti-dumping duty ranging between $23.78 to $300.22 on the imports of  Linear Alkyl Benzene (LAB) from China, Qatar and Iran. LAB is majorly used in the preparation of various detergents. A notice to the effect was issued by the DGAD  via Customs notification no.12/2017-CUSTOMS dated April 11, 2017, to protect the domestic players from the cheap dumping of the shipments. Two Indian companies, Nirma Ltd and Tamilnadu Petroproducts had jointly filed an application on 7th December, 2015 to the DGAD to investigate the cheap dumping of the chemical by various companies of Qatar, China and Iran. There are two other major Indian players in the market, the Reliance group and the Indian Oil Corporation. India ...

The Dollar Business BureauBritish manufacturers on Monday urged Prime Minister Theresa May to relinquish her threat that she might pull out of the European Union without a new trade deal, underscoring that they would be the biggest loser of the trade barriers with the EU. May is scheduled to trigger the two-year Brexit process on March 29. She has warned the other 27 Europe Union members that no deal is better than a bad deal. "The idea of being able to walk away empty-handed might be a negotiating tactic, but it would in reality deliver a risky and expensive blow," said Terry Scuoler, chief executive of EEF, Britain's manufacturing lobby. "The rhetoric from the UK government needs to focus instead on achieving a ...

The Dollar Business Bureau The government can encourage the use of domestic coal gas to produce urea and other chemicals in order to cut down on its imports bill by as much as $10 billion over the next five years. Coal Secretary Susheel Kumar said the imports of petroleum and natural gas can be slashed if we are able to produce gas from coal.   "If we are able to replace this import by indigenous coal gasification ... it can safely be said that in next five years time, about $10 billion worth of import can be substituted. That's the mechanics which one has to really work on," Kumar told PTI in an interview.  "Our dependence on petroleum and natural gas will be reduced ... We know that coal ...