Search Result for : Export Incentive

Source: PTI Government will keep regulating prices of cotton seed and will not allow companies like the US biotechnology major Monsanto to exploit farmers, Indian Agriculture Minister Radha Mohan Singh said on Monday. The minister asserted that the government would not allow "monopoly by seed and pharmaceutical companies" and regulate prices of seeds and medicines, if required. The central government in December had issued an order to control cotton seed prices including trait or royalty value, effective from 2016-17 crop year (July-June). Last month, the government for the first time fixed a uniform price of Rs.800 per packet for Bt cotton seed including a small royalty of Rs.49 -- a move that will benefit farmers, but hit the Indian business of Monsanto. "It (Monsanto) is ...

The Dollar Business Bureau  The Midfield Concourse at the Hong Kong International Airport (HKIA) is in full operation, Arup - Mott MacDonald, the joint venture selected for designing and constructing the project, confirmed in a press release on Friday. The newly –developed five-level concourse is located to west of Terminal 1 and is between the two runways at the airport, covering a floor area of 105,000 sq. mt. It has ceiling heights similar to those of Terminal 1 and has 20 aircraft parking stands, 19 of which served by bridges, including two Code F (A380) stands. It will connect passengers to Terminal 1 via an extended automated people mover (APM). Mott MacDonald-Arup joint venture had initiated this project in June 2010, and has ...

Source: PTI Pegging India's GDP growth rate at 7.6% for the fiscal 2015-16, Finance Minister Arun Jaitley on Thursday said it is "much less" than its potential and expressed hope for better numbers next year. Jaitley also said that India earlier had a bad reputation of not being the best place to do business, but the governments at the Centre and states have made considerable headway in reforming the system. "As the current financial year ends today, we hope to finish this year at 7.6% growth rate which is much less than our potential... we are hopeful that we will do better than this next year.” "Our current account deficit is well under control, inflation rate is under control. In last ...

Sairaj Iyer| The Dollar Business Vedpal Malik of USFDA-Animal and Plant Health Inspection Service (APHIS), will be welcomed with Maharashtra State Agriculture Marketing Board’s (MSAMB) export qualityHapus and Keshar on 4th April 2016. The USFDA- APHIS’ inspector will be available in India for a period of one month; during which he is expected to ascertain the import-worthiness of mangoes grown in Maharashtra. Officials close to the development appeared optimistic of winning his trust, thereby succeeding in exporting a big consignment to US.Sources close MSAMB did not wish to reveal his complete itinerary, but shared that he will be accorded all the honours, and the cabin allotted to him at the MSAMB’s new facility at Vashi-APMC proves MSAMB’s efforts. A 300 sq.ft. ...

Jasleen Kaur | The Dollar Business Kalyani Group and Italy-based firearms manufacturer Fabbrica D’armi Pietro Beretta S.P.A, known across the world for the ubiquitous Beretta pistol, are in advanced talks to form a partnership to provide small arms to the Indian army.The Kalyani Group feels the need to give best-in-class solution to the country’s small arms section and wants to equip Indian security forces with best-in-the-world arms.Beretta will transfer its defence technology to India, thereby pushing the ‘Make in India’ initiative of the Indian government.Kalyani Group is the supplier of components and subsystems to the Indian Army. The agreement will ensure development and production of high-end small arms across the country.Last year, Kalyani Group had signed a deal with Israel-based defence ...

The Dollar Business Bureau India and the United States will sign an MoU to build a state-of-the-art Laser Interferometer Gravitational-wave Observatory (LIGO) project.The agreement, between the US’s National Science Foundation (NSF) and India's Department of Atomic Energy (DAE) and Department of Science and Technology (DST), will be inked during Prime Minister Narendra Modi’s visit to the USA on March 31 and April 1. As part of the agreement, the scientists of NSF, DAE and DST will form a Joint Oversight Group (JOG) for better coordination of the project. They will hold a meeting on April 10 to discuss and decide the project site for setting up the laboratory. The Prime Minister is on a two-day visit to USA to attend the 4th Nuclear ...

The Dollar Business Bureau   The Japanese government has committed to lend an amount of approximately Rs.14,251 crore (JPY 242.2 billion) to India under the official loan development assistance (ODA). The notes for the same were exchanged between Mr. Kenji Hiramatsu, Ambassador of Japan to India and Mr. S. Selvakumar, Joint Secretary, Department of Economic Affairs, Government of India. The ODA loan assistance has been confined to assist loans for various projects in India - The Transmission System Strengthening Project in Madhya Pradesh for JPY 15.45 billion, North East Road Network Connectivity Improvement Project for JPY 67.1 billion; Odisha’s integrated sanitation improvement for JPY 25.7 billion and the Jharkhand Horticulture Intensification by Micro Drip Irrigation Project for JPY 4.65 billion are the ...

The Dollar Business Bureau India and Belgium on Thursday expressed their commitment to enhance the EU-India economic partnership with new strategic initiatives which could create new economic opportunities and enhance close cooperation between businesses and people of the two sides.  Prime Minister Narendra Modi, who was earlier in Brussels to participate in the 13th India-EU Summit, held meetings with Donald Tusk, President of the European Council and Jean-Claude Juncker, President of the European Commission, and discussed issues and opportunities of mutual interest.  “The leaders welcomed that both sides have re-engaged in discussions with a view to considering how to further the EU-India Broad-based Trade and Investment Agreement (BTIA) negotiations,” said an India-EU joint statement.  The EU continues to be India’s leading trade and investment ...