Global trade growth to decline to 1.7% in 2016: WTO
The Dollar Business Bureau The World Trade Organisation (WTO) has changed its previous forecast of global trade growth of 3.9 per cent, thus reflecting a new estimate of 1.7 per cent. The intergovernmental organisation, which had forecasted a 2.8 per cent rise for the same in September 2015, has attributed this decline to factors such as reduction in commodity prices and a slowdown in the Chinese and European economies. The organisation has released a similar forecast for the year 2017 with an estimated figure for global trade between 1.8 per cent and 3.1 per cent. The earlier figure stood at 3.6 per cent. According to WTO Director-General Roberto Azevedo, the revised data should act as a reminder to the governments which should not end up ...
Indian grape exports to Europe doubled in FY 2016
The Dollar Business Bureau Indian grape exports to Europe have been doubled in FY 2016 when compared to the last fiscal year. Though India has become an importer of several other agricultural commodities like maize, wheat and soya bean, the grape exports from the country have touched all-time high in this financial year. India has recorded 102% growth in grape exports at 84,482 tonnes of grapes exported to Europe till May 10, when compared to 41,783 tonnes exported in the previous year. Some final shipments of grapes are still in the transit. Around 98% of Indian grapes exported to Europe are from Maharashtra alone. Maharashtra farmers have exported grapes at a price lower than that exported from Chile. Indian grapes have been sold ...
TTK Prestige to enter European Markets
The Dollar Business Bureau TTK Prestige group on Tuesday announced that they are launching its kitchen appliances products in the European market through Horwood Homewares. India’s largest kitchen appliance group had acquired Horwood Homeware earlier this month as a part of its global expansion strategy. This acquisition has helped the TTK group to gain access to more than 1000 UK table and cookware retail suppliers. The company is planning to export the kitchen and cookware appliances into the European market later this year. Chandru Karlo, Managing Director of the company said that the Horwood Homeware team is coming to India to discuss and strategize its export plans. The TTK Prestige group have also planned to make inroads into the home cleaning sector, under the ...
