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The Dollar Business Bureau With a view to bringing down logistics cost and pollution levels, the Government has decided to bring a policy for promoting the use of alternative fuel, Road Transport and Highways Minister Nitin Gadkari said on Thursday, while adding that the logistics cost is quite high in India when compared to China and European countries. “We are going to bring in a policy to promote use of alternative fuel which is indigenous and pollution free as it will help in saving lot of time, bring down logistics cost by 4-6% which is currently about 14-18% unlike in China where it is 10-12% and in European countries where it is 12-14%,” Gadkari said, while inaugurating an event organized by ASSOCHAM in New Delhi. The minister ...

The Dollar Business Bureau With a view to enhancing greater economic engagement with the central and eastern Europe, a high level delegation of Indian officials and industry leaders has shared with their Czech Republic counterparts a slew of measures being taken by India to encourage foreign investors, particularly in the areas of high technology, including Capital goods & Engineering, under the government’s flagship,’ Make in India ‘programme. Keen on engaging actively with Czech Republic and other eastern and central European nations, India has been working under a framework of an Indo-Czech Working Group in the area of Heavy Engineering and Advanced Manufacturing, since 2013. The fourth meeting of the JWG held at Brno to coincide with MSV Brno Fair between October 3-6, ...

The Dollar Business Bureau SeQuent Scientific Ltd on Monday announced that its subsidiary Alivira Animal Health Ltd is planning to acquire 60 percent stake in Spain’s Karizoo Group. The company, however, didn’t disclose the transaction amount. “Alivira Animal Health Ltd would buy 60 percent share in the family-owned Vila Vina Particpacions (VVP), which owns Karizoo Spain, Covivet Spain, Phytosolutions Spain, and Karizoo Mexico,” SeQuent said in a statement.  The remaining 40 percent stake will continue to be held by its existing promoters. The acquisition will be done through Alivira Ireland, a fully-owned arm of the company. With this latest acquisition, Alivira will become a major player in the global animal health space, with annual revenues above $120 million. Manish Gupta, Managing Director of Alivira said, ...

The Dollar Business Bureau India is all set for large scale participation in Hannover Messe 2015, a world's leading trade fair for industrial technology which, is scheduled from April 13-17, 2015. According to an official release, India is gearing up to fully utilize its ‘Partner Country’ status in the event, by branding ‘Make in India’ slogan in a widespread manner in Germany and other neighbouring European countries. This was informed by Nirmala Sitharaman, the Indian Minister of State for Commerce & Industry (Independent Charge) on Monday. The Union Minister further said that the India’s Pavilion, being constructed by the Department of Industrial Policy and Promotion (DIPP), will project India’s brand image by highlighting key sectors of Indian portfolio under ...

The Dollar Business Bureau According to an official release from Ministry of Road Transport & Highways, four countries belonging to South Asian Association for Regional Cooperation (SAARC) on Thursday finalized an agreement that would facilitate their cross-border trade. India, Bangladesh, Bhutan and Nepal, in a meeting from between February 2-3, 2015, at Raichak near Kolkata, discussed Motor Vehicle Agreement (MAV), under which the countries agreed for a seamless transit of passenger and cargo vehicles between their countries and draw up plans for its speedy implementation. This agreement, which has been prevalent in European countries, would allow the passenger, personnel and cargo vehicles of these countries, travel in designated key routes avoiding trans-shipment of goods and passengers at the border ...